Posts by admin

Mexico: Mining royalty plan

April 23, 2013

A proposal to levy a new royalty tax on mining profits in Mexico, the world’s largest producer of silver, passed...

UK: HMRC issues revised GAAR guidance

April 17, 2013

HMRC’s latest guidance on the application of the General Anti-Abuse Rule (GAAR) was approved by the GAAR Advisory Panel on...

UK: supplementary report by the Global Forum’s Peer Review Group

April 17, 2013

A supplementary report has been issued further to the combined Phase 1-2 report issued by the OECD’s Global Forum on...

India and Malta have signed a new Double Taxation Avoidance Agreement

April 17, 2013

India and Malta have signed a new Double Taxation Avoidance Agreement (DTAA) on April 8 2013. The provisions of the treaty...

Treaty between Cyprus and Finland enters into force

April 17, 2013

On 28 April 2013, the double tax agreement that was signed on 15 October 2012 between Cyprus and Finland will...

South Africa: Tax measures included in 2013 budget

April 17, 2013

Certain tax proposals presented on 27 February 2013 in South Africa’s annual budget are summarized below: There were no tax...

OECD: Global Forum moves to Phase 2 peer reviews

April 17, 2013

The OECD’s “Global Forum on transparency and information exchange for tax purposes” has a three year mandate to ensure the...

Japan: 2013 tax reform bill has been passed

April 17, 2013

Japan’s 2013 tax reform bill passed on 29 March 2013 and the key changes are related to corporate taxation. They...

India: Tax Court rules on selection of comparables

April 17, 2013

In determining transfer prices between a taxpayer and related parties one of the permitted methods is the transactional net margin...

EU: Advocate General decides in favour of HMRC

April 17, 2013

The Advocate General has issued an opinion in a case referred to the European Court of Justice (ECJ) by the...

Argentina –Modifications to the transfer pricing regulations through General Resolution N° 3,476

April 17, 2013

The Argentine Federal Tax Authorities issued General Resolution N° 3,476 on 10 April 2013. The Resolution has revised the transfer...

African Tax Administration Forum discusses improved revenue administration

April 17, 2013

Leaders of revenue authorities from twelve African countries held a seminar in South Africa on 10–12 April 2013 to discuss...

Transfer Pricing Brief: March 2013

April 16, 2013

Australia OECD Guidelines, the new transfer pricing rules require the provisions of the legislation to be interpreted so as to...

US: Report on advance pricing agreements

April 11, 2013

The US report on advance pricing agreements issued on 25 March 2013 covers the activities of the program in 2012....

Taiwan: Pilot free trade zones to be established

April 11, 2013

Taiwan has revealed that pilot free trade zones are to be established to liberalize the island’s economy and upgrade the...

OECD publishes mutual agreement procedure statistics for 2011

April 11, 2013

The OECD has made available the statistics for 2011 in respect of the mutual agreement procedure (MAP) in its member...

Italy: Report on international standard rulings

April 11, 2013

The tax authorities in Italy have issued a second International Standard Ruling Report.  This provides statistics on the tax ruling...

Greece: Extension of Deadline for submission of certain tax returns

April 11, 2013

The deadline for submission of the tax returns for taxpayers falling into the scope of article 4 of paragraph 2...