Czech Republic: Proposed requirements for preparing CbC report
On 2nd of August 2016, the Finance Ministry published a public consultation on a bill. This would implement the country-by-country (CbC) reporting requirements in EU Directive 2016/881 on exchange of CbC reports among EU member states. In
See MorePoland: President signs new legislation on CbC reporting requirement
The new legislation regarding the exchange of tax information with other countries was signed by the President on 20 March 2017. The Law provides information on obligations of financial institutions and the automatic exchange of country-by-country
See MoreNigeria: Electronic tax clearance certificate expected to be introduced soon
The Federal Inland Revenue Service (FIRS) declares it will soon announce electronic Tax Clearance Certificate (TCC) system to assist reduce fraudulent certificates. The implementation of the e-TCC verification system had reached an advanced stage,
See MoreCanada: MoF tables the fiscal budget 2017-18 for Manitoba
The Fiscal Budget 2017-18 of province Manitoba has been presented on 11th April 2017 by the Ministry of Finance. There are no increases to personal or business taxes. The corporate tax rate for small business and their taxable limit remains
See MoreNew Zealand: Finance Minister releases BEPS consultation papers
The Revenue and Finance Minister on 3 March 2017 released three BEPS related consultation papers which address the issue of Base Erosion and Profit Shifting (BEPS). The consultation papers proposed new measures to strengthen New Zealand’s rules
See MoreMexico releases general rules on R&D tax credit
On February 28 2017, a general rule was published in the Official Gazette. This rule govern Mexico's R&D (research and development) tax credit. The incentive for the tax credit was resumed within the scope of the tax reform of 2017. Taxpayers
See MoreMexico publishes final report for country-by-country reporting
Mexico’s Taxpayer Office published a final report regarding master file, local file and country-by-country (CbC) report under Article 76-A of the Income Tax Law on April 3, 2017. These documentation requirements became effective on January 1,
See MoreAs an import professional, you need our important new resource
As an import professional, you need our important new resource: Import Transactions and Customs Compliance. We are pleased to offer you a 20% publisher's discount. This is a single reference source for the importing process into the U.S. and is
See MoreAfrica Finance and Economic Data
We have partnered with African Financial & Economic Data (AFED) - a provider of definitive financial and economic intelligence on Africa. They have recently launched a revolutionary new version of their data service. In this new
See MoreNegotiating Cyber Insurance, with a focus on worldwide coverage and best practices
You are invited to receive a recording of a very special webinar: Negotiating Cyber Insurance, with a focus on worldwide coverage and best practices . In addition to attendees from the U.S., there were attendees from Canada, the UK, Ireland,
See MoreOECD: Guidance on implementation of the Common Reporting Standard
On 6 April 2017 the OECD released further information to support the consistent implementation of the Common Reporting Standard (CRS). This guidance includes a series of additional frequently asked questions (FAQs) related to the CRS and the second
See MoreOECD: Inclusive framework issues further guidance on CbC reporting
On 6 April 2017 the Inclusive Framework on BEPS released additional guidance on the implementation of country by country (CbC) reporting under BEPS Action 13. The guidance clarifies some issues surrounding the information to be included in the CbC
See MoreTransfer Pricing Brief: March 2017
Canada: General rule for CbC reporting requirement: The Canada Revenue Agency (CRA) updated RC4651 Guidance on Country-By-Country (CbC) Reporting on 2 March 2017 to provide information on the interpretation of Canadian CbC reporting legislation
See MoreUruguay- Fiscal Transparency Law issued
Uruguay has issued Decree 77/2017 as a guide to Law No 19.484 which sets out the provisions on compliance with international standards for fiscal transparency. The Decree clarifies which companies are required to provide the tax authorities with
See MoreJersey: Tax disclosure opportunity for the year 2017 announces
The Treasury and Resources Department offers and runs a tax disclosure opportunity from 3rd April 2017 up to the end of 2017. This describes Islanders will be able to tell the tax office if they’ve made a mistake or failed to declare accurate
See MoreSingapore signs new Double Tax Treaty with Ghana
Singapore and Ghana signed a double tax agreement on 31 March 2017. The treaty provides clarification to the taxing rights of both countries on all types of income flows arising from cross-border business activities, and provides provision to
See MoreUnited States: ADD/CVD Roundup for March 2017
Following table shows the Federal Register notices related to ADD/CVD cases for March 2017 in United States. Country Product Investigations Case Number Details Australia Uncoated Paper Antidumping Duty Order, Finding, or Suspended
See MoreKenya presents budget for 2017-18
The Cabinet Secretary submitted the budget for 2017-18 to the National Assembly on 30 March 2017. the main changes are summarised below: Withholding taxes Dividends paid to non-residents by enterprises operating in Special Economic Zones will be
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