Posts by admin

Norway proposes new corporate residency rules

March 21, 2017

The Finance Minister opened a public hearing regarding the corporate tax residency rules under section 2-2 of the Tax Law...

Turkey: Announcement of unilateral APA signed

March 21, 2017

The Tax Administration of Turkey declared an announcement on 20th March 2017 that it had signed a new unilateral Advance...

Netherlands: Decree establishing market interest rates for interest-free liabilities

March 21, 2017

Decree No. 2017-22042 of 7 March 2017 establishing the market interest rates for interest-free liabilities have been published in official...

Bolivia increases income tax on financial sector

March 21, 2017

The Chamber of Deputies approved an increase of 3% (increase from 22% to 25%) to the income tax on the profits...

Italy-Ministerial Decree implementing Country-by-Country Reporting issued

March 20, 2017

The Italian Ministry of Finance issued a Decree on 8 March 2017 providing detailed information regarding the application of CbC...

Brazilian CFC rules apply despite treaties

March 20, 2017

The Federal Administrative Council of Tax Appeals (Conselho Administrativo de Recursos Fiscais, CARF) decided on 14 March 2017 that taxation...

New Zealand releases consultation paper on interest limitation rules

March 20, 2017

The Finance and Revenue Minister released a consultation document regarding BEPS – Strengthening interest limitation rules and also inviting public...

Singapore, Luxembourg Competent authority agreement on automatic exchange of information signed

March 19, 2017

The Competent Authority Agreement on Automatic Exchange of Information (2016) between Singapore and Luxembourg was signed on 10 March 2017....

Singapore, Denmark Competent authority agreement on automatic exchange of information signed

March 19, 2017

The Competent Authority Agreement on Automatic Exchange of Information (2016) between Singapore and Denmark was signed on 13 March 2017....

Romania-Parliament approves participation as BEPS associate

March 19, 2017

The government of Romania approved the country’s participation as a BEPS associate on 2 March 2017. As an associate Romania...

Canada: The budget 2017–18 for Alberta issued

March 19, 2017

The Minister of Finance of Alberta presented the province’s fiscal budget 2017-18 on 16th March 2017. The budget includes no...

Turkey: Reduction in stamp duty, deed fees and RUSF rates

March 19, 2017

The Decree 2017/9973 was published in the official gazette on 15th March 2017 that reduces stamp duty, deed fees and...

Canada: SMEs want tax cuts at Budget 2017

March 19, 2017

The Canadian Federation of Independent Business (CFIB) is Canada’s largest association of small and medium-sized businesses. The CFIB has published its...

Brazil publishes Normative Instruction 1,700/2017 in the Official Gazette

March 19, 2017

Decree No 2017-22042 of 7 March 2017 fixing the market interest rates for interest-free liabilities have been published in Official...

Greece: Some important amendments on draft bill sent

March 19, 2017

An amendment regarding the draft bill, which amends the Income Tax Code and other provisions was submitted to the Greek...

Jamaica extended the income tax return filing deadline

March 18, 2017

Jamaica’s tax administration has announced the deadline to file final income tax returns for the year of assessment 2016 n...

UK: Government Cancels Proposed Increase in Class 4 National Insurance Contributions

March 17, 2017

Following criticism within Parliament, the government has scrapped the increase in Class 4 national insurance contributions originally announced on 8...

OECD: Extended deadline for comments on draft toolkit on comparables

March 17, 2017

The deadline has been extended for comments to be submitted on the draft toolkit issued by the Platform for Collaboration...