Posts by admin

UK: Statistics on non-domiciled taxpayers

September 1, 2017

On 31 August 2017 HMRC released statistics on non-domiciled taxpayers in the UK from 2007/08 to 2014/15. This is the...

UAE: President issues VAT Decree Law

August 30, 2017

The President of the United Arab Emirates, Shaikh Khalifa Bin Zayed Al Nahyan, issued Federal Decree-Law No. 8 of 2017...

Morocco: Social Security Agreement with Bulgaria approved

August 30, 2017

The Council of Ministers in Morocco, on August 24, 2017, approved the pending Social Security Agreement with Bulgaria. This treaty...

WTO and ICC: Participation by small business in international trade

August 26, 2017

An initiative launched by the World Trade Organization (WTO) and the International Chamber of Commerce (ICC) encourages companies and private...

Kenya approves Finance Act 2017

August 26, 2017

The Finance Act 2017, has been gazetted on 23rd June 2017. The Finance Act seeks to amend the law relating to...

Taiwan: MOF publishes draft amendment to transfer pricing guidelines

August 26, 2017

The Tax Administration of the Ministry of Finance (MOF) has published a draft amendment to the  transfer pricing guidelines for...

Brazil: Provisional Measure publishes in the official gazette regarding revised CFC rules

August 25, 2017

On 18th August 2017, Brazil published Provisional Measure No. 795 (“MP No. 795/2017”) in the official gazette 2017 regarding revised...

Brazil announces a strategy to simplify tax complex control system

August 25, 2017

Brazil’s Inland Revenue provided four fiscal simplification measures aimed at reducing costs for businesses and enhancing the business environment of...

UK: Disclosure of offshore income and assets

August 24, 2017

In the period to 31 August 2017 taxpayers are receiving letters from their financial advisors warning them of their disclosure...

Slovak Republic: Government approves a draft Law on R&D tax credit

August 24, 2017

The government passed a series of laws from the Ministry of Finance on August 16, 2017. Most of them related to...

OECD: Comments received on draft updates to Model Tax Convention

August 23, 2017

On 11 August 2017 the OECD published comments received on the draft 2017 updates to the OECD Model Tax Convention...

Argentina: DTA with Mexico enters into force

August 23, 2017

On August 23, 2017 the Agreement for Avoiding Double Taxation (DTA) between Argentina and Mexico entered into force. It will...

OECD: Global Forum releases compliance ratings on tax transparency

August 22, 2017

On 21 August 2017 the Global Forum on Transparency and Exchange of Information for Tax Purposes published the first ten...

Bulgaria: CbC reporting legislation adopted through significant changes to TSSPC

August 20, 2017

A Law on Amendment and Supplementation of the Tax and Social Security Procedure Code (TSSPC) was published in issue 63/04.08.2017...

IMF report and selected issues paper looks at tax issues in China

August 18, 2017

On 15 August 2017 the IMF issued a report and selected issues paper following consultations with China under Article IV...

UK: HMRC reveals details of employment remuneration tax avoidance schemes

August 18, 2017

HMRC has published details of tax avoidance schemes that are being used by employers, agencies and other intermediaries to avoid...

UK: HMRC to continue risk-based approach to PAYE filing penalties

August 18, 2017

HMRC notes in the August 2017 issue of its Employer Bulletin that it has reviewed the use of the risk-based...

Saudi Arabia: Decree amending appeal procedure

August 15, 2017

Saudi Arabia issued Royal Decree No. M/113 of 25 July 2017 amending the country’s income tax law with regard to...