Posts by admin

OECD: Tax Talk Summarizes Progress on Tax Topics

December 20, 2017

On 15 December 2017 the OECD gave an online Tax Talk to summarize the progress made on the various ongoing...

Chile: Tax authority publishes list of Jurisdictions with preferential tax regime

December 20, 2017

The Internal Revenue Service (Servicio de Impuestos Internos – SII) of Chile published a Resolution No. 124 of December 19,...

New Zealand: A tax bill regarding BEPS introduces in Parliament

December 20, 2017

A tax bill which will counter base erosion and profit shifting (BEPS) by multinational companies has been introduced into Parliament...

Zambia: MoF approves amendments in transfer pricing regulation

December 20, 2017

The Minister of Finance (MoF) is set to approve changes in transfer pricing rules, including procedures for the valuation of...

Iceland: National Budget proposal for 2018

December 20, 2017

Iceland’s Ministry of Finance and Economic Affairs published an overview of the budget proposals for 2018 on 14th December 2017....

Bulgaria: Multilateral Competent Authority Agreement signs for exchange of CbC reports

December 19, 2017

Bulgaria has signed the Multilateral Competent Authority Agreement (MCAA) on November 17, 2017 for the exchange of country by country...

OECD: 2017 edition of the Model Tax Convention released

December 19, 2017

On 18 December 2017 the OECD released the 2017 edition of the Model Tax Convention. This edition incorporates measures outlined...

OECD: second round of peer reviews on tax dispute resolution mechanisms

December 18, 2017

On 15 December 2017 the OECD issued the second round of analyses of individual country measures on improving dispute resolution...

UK: Withholding tax on payments for intellectual property used in the UK

December 18, 2017

On 1 December 2017 the UK published a consultation paper on extending royalty withholding tax in relation to connected persons...

IMF: Report comments on economic and fiscal position of Hong Kong SAR

December 18, 2017

On 29 November 2017 the International Monetary Fund (IMF) published a report on its website following consultations with the Hong...

New Zealand: A tax bill to counter tax avoidance introduces into Parliament

December 18, 2017

On 6 December 2017, a tax bill to counter tax avoidance has been introduced into New Zealand’s Parliament by multinational...

Portugal: Country-by-country reporting form approved

December 17, 2017

Portugal’s country-by-country reporting Form 54 has been approved by Order No. 367/2017 on11 December 2017. The form must be submitted...

Korea passed the budget for 2018

December 17, 2017

The Government passed the 2018 budget on 6 December 2017. Under the budget, the threshold of the new highest corporate...

Italy: Updates definition of permanent establishment

December 17, 2017

The Italian Senate approved the draft Budget Law for 2018 on 30 November 2017. The draft illustrated the definition of...

Georgia: Free Trade Zone MoU with China

December 17, 2017

At the “Tbilisi Belt and Road Forum” on 28 November 2017, China and Georgia have signed an agreement on the...

Azerbaijan: VAT on Uber rides

December 17, 2017

Azerbaijan will apply a new VAT rate of 18% on Uber from 1 December 2017.  The tax will be collected...

France: Country-by-country reporting

December 17, 2017

On 5 December 207, the French tax authorities released a new rule regarding the country-by-country (CbC) reporting obligations provided for by...

Italy: CbC reporting requirements

December 17, 2017

The Italian Tax Authorities (ITA) issued a Protocol No. 275956 of 28 November 2017, regarding the change in the CBC reporting requirements. The...