Posts by admin

Korea: 2017 tax reform proposals announced

August 15, 2017

The government of South Korea is planning to increase the tax rate for large companies and high-earning individuals with the...

Algeria, Netherlands negotiate to tax treaty

August 15, 2017

The Finance Minister of Algeria has announced that representatives of Algeria and the Netherlands met on 31st July 2017 to...

Protocol to treaty between Argentina and Brazil signed

August 15, 2017

Argentina and Brazil signed an amending protocol to the, Argentina – Brazil Income Tax Treaty of 1980 on 21st July...

Zambia: Revenue Authority extends tax amnesty period on interest and penalties

August 14, 2017

The amnesty on interest and penalties which was introduced by the Zambia Revenue Authority (ZRA) on 24th April 2017, came...

Italy: Deadline for 2016 Tax Return extended

August 13, 2017

The Decree of 26 July 2017 from the President of the Italian Council of Ministers was published in the Official...

Turkey: TIEA ratifies with Guernsey

August 13, 2017

The Exchange of Information Agreement regarding Tax Matters (TIEA) between Turkey and Guernsey was ratified on August 2, 2017 by...

Greece: Law 4484/2017 regarding TP documentation requirements publishes

August 13, 2017

The Law 4484/2017 entitled “Adaptation of Greek Legislation to the provisions of Directive (EU) 2016/881 and other provisions” was published...

Brazil publishes amended regulation on CbC reporting

August 12, 2017

Normative Instruction 1,722/2017 published in Brazil’s Official Gazette on 17th July 2017 amends Normative Instruction 1,681/2016 relating to guidance on...

New Zealand: Government announces BEPS decisions

August 12, 2017

The Finance Minister and Revenue Minister have announced the Government’s final decisions on proposals to address base erosion and profit...

Protocol to treaty between Ecuador and Switzerland signed

August 12, 2017

Ecuador and Switzerland signed an amending protocol to the Ecuador – Switzerland Income and Capital Tax Treaty of 1994 on...

IMF report comments on economic position of Japan

August 11, 2017

The IMF issued a report on Japan’s economic position on 31 July 2017 following the conclusion of discussions under Article...

UK: Changes to non-domiciled rules in Finance Bill (No 2) 2017

August 11, 2017

Changes to the UK non-domiciled rules that were excluded from the Finance Bill 2017 are to be included in the...

Romania: Ordinance on mandatory electronic tax return filing published

August 10, 2017

Romania has published in the Official Journal of 2 August 2017- Regulation No 2326/2017, according to which tax returns will...

Nigeria: DTA signed with Singapore

August 10, 2017

The Finance Minister of Nigeria, Kemi Adeosun and the Minister of State for Trade and Investment of Singapore, Dr Koh...

Nigeria: Government clarifies 27 new industries and products to enjoy tax holiday under pioneer status

August 10, 2017

The Federal Government gave clarifications on August 9, 2017 regarding businesses that would qualify to enjoy pioneer status under the...

Morocco: Chamber of Representatives approves DTA with Bahrain

August 10, 2017

On July 24, 2017, the Chamber of Representatives of Morocco approved the Double Taxation Agreement (DTA) with Bahrain.

UK: Draft guidance on corporate tax loss relief rules

August 9, 2017

On 31 July 2017 HMRC issued for public consultation draft guidance in relation to the reform to corporate tax loss...

UK: Updated draft guidance on corporate interest restriction

August 9, 2017

On 4 August 2017 HMRC issued for public consultation updated draft guidance in relation to the corporate interest restriction rules...