Posts by admin

Poland: Ministry of Finance publishes a draft bill on corporate income tax

July 28, 2017

The Polish Ministry of Finance issued a draft bill on 12th July 2017, regarding corporate income tax. The draft bill...

Iceland: Parliament passes legislation amending to interest deduction

July 28, 2017

The parliament has passed legislation amending article 57(b) of the Income Tax Act No. 90/2003 on 1st June 2017. According...

Canada: FTA with Ukraine enters into effect on August 1, 2017

July 27, 2017

The Free Trade Agreement between Canada and Ukraine will enter into force on 1st August 2017. As per previous discussion,...

Canada: New tax proposal increases uncertainty for SMEs

July 27, 2017

A new federal tax proposal was announced on 18th of July 2017 by the Finance Minister and it could have...

Greece: Draft Bill on CbC reporting submitted to the Parliament

July 26, 2017

The draft bill implementing EU Council Directives 2016/881 regarding mandatory automatic exchange of tax related information (EU CbC reporting) was...

Argentina: New Regulations ‘General Resolution 4094-E’ enters into force

July 25, 2017

The Federal Tax Authority (FTA), on July 18, 2017, published the General Resolution 4094-E on the Official Gazette. This Resolution...

Greece: Draft law regarding TP documentation requirements for CbC reporting

July 25, 2017

The Parliament of Greece introduced a draft Law 4484/2017 on July 20, 2017 that amends to the Corporate Income Tax...

Switzerland’s Federal Council adopts dispatch on revised DTA with Latvia

July 25, 2017

The Federal Council of Switzerland adopted the dispatch on a revised double taxation agreement (DTA) with Latvia on 28th June...

Netherlands: The Dutch government publishes consultation on anti-tax avoidance directive

July 25, 2017

The State Secretary of Finance provided a letter to Dutch parliament in which he indicated that an internet consultation has...

Liechtenstein: Tax Treaty with Monaco Signed

July 24, 2017

On 28 June 2017 the officials of Liechtenstein and Monaco signed an income tax treaty which is in line with...

Czech Republic: Chamber of Deputies passes legislation to implement CbC reporting

July 24, 2017

The chamber of deputies approved a legislation that implements a new information exchange duty, i.e. country-by-country (CbC) reporting into Czech...

WTO and OECD: Aid for Trade monitoring report

July 23, 2017

The sixth aid-for-trade monitoring report has been published by the WTO and OECD under the title “Aid for Trade at...

Italy: Revised transfer pricing rules

July 22, 2017

Decree No. 50 published on 24 April 2017 was implemented on 15 June 2017. According to Article 59 of Decree Law...

UK: HMRC publishes statistics on creative industries tax relief

July 22, 2017

On 20 July 2017 HMRC published updated statistics on claims for creative industries tax relief. The statistics include data for...

OECD: Revenue Statistics in Asian Countries

July 21, 2017

On 20 July 2017 the OECD published the latest edition of its publication Revenue Statistics in Asian Countries. This covers...

OECD updates guidance on country by country reporting

July 21, 2017

On 20 July 2017 the OECD published updates to the guidance on country by country (CbC) reporting requirements under Action...

New Zealand-Hong Kong: Protocol to tax treaty updated

July 21, 2017

Revenue Minister has signed a new tax protocol between New Zealand and Hong Kong on 28th June 2017. The protocol updates...

Brazil launches consultation on proposals for new customs procedures

July 21, 2017

Brazil has recently inaugurated a consultation on proposals for new customs action plans. On a new website the tax authority...