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Transfer Pricing Brief: February 2017

March 5, 2017

Ukraine: Controlled transaction: As per the amended Tax Code effective from 1 January 2017, a transaction is considered controlled if...

Venezuela: Resolution SNAT/2017/0003 about value of tax unit gazetted

March 5, 2017

The Resolution SNAT/2017/0003 was published on 24th February 2017 in the Official Gazette that implements a 69.5% increase in the...

Kazakhstan: Decree No. 56 amends to specific customs levies

March 5, 2017

The Governmental Decree No. 56 of 13th February 2017 amends provisions on the specific customs levies that apply in addition...

Canada, Singapore Competent authority agreement on automatic exchange of information enters into force

March 2, 2017

The Competent Authority Agreement on Automatic Exchange of Information (2016) between Canada and Singapore entered into force on 27 February...

Korea (Rep.), Singapore Competent authority agreement on automatic exchange of information enters into force

March 2, 2017

The Competent Authority Agreement on Automatic Exchange of Information (2016) between Korea (Rep.) and Singapore entered into force on 27 February...

PGA Highlights: February 2017

March 1, 2017

In the United States the following events have taken place under the several PGA during the month of February 2017....

Brazil approves a proposal for re-opening of special regime

February 28, 2017

The Chamber of Deputies has sanctioned a proposal for the re-opening in 2017 regarding the special regime for regularization of...

Philippines: BIR issues tax provision for micro-finance NGOs

February 28, 2017

The Bureau of Internal Revenue (BIR) has issued revenue regulations No. 3-2017 regarding executions of tax provisions for micro-finance NGOs...

Greece: Filing deadline of tonnage tax returns using new online system issues

February 28, 2017

The Public Revenue Authority has released a Circular 1027/2017 on 23rd February 2017 that the filing deadline for the tonnage...

Canada: The Province Budget 2017-18 for British Columbia issued

February 28, 2017

The Province Fiscal Budget 2017-18 was presented on 21st February 2017 by the Ministry of Finance of British Columbia. This...

Nigeria: Announcement on repealed company registration forms

February 28, 2017

The Corporate Affairs Commission (CAC) announced the roll out of Form CAC 1.1 to replace and consolidate forms CAC 2,...

Russia: Simplified expense deduction for corporate income tax purposes

February 28, 2017

The Federal Tax Service on 21 February 2017, explained the deduction of expenses for Corporate Income Tax (CIT) purposes.  Accordingly,...

Greece: Submission of aggregate customer statements of voluntary disclosure releases

February 27, 2017

The Public Revenue Authority has published a document ΔΠΦΥ Β 1018794 ΕΞ 2017 on 7th February 2017 that provides clarifications...

Brazil publishes rules for filing individual income tax returns

February 27, 2017

Normative Instruction 1,690/2017 has been released in the Official Gazette on 22 February 2017 and also entered into force at...

TIEA between Norway and UAE enters into force

February 27, 2017

The Exchange of Information Agreement regarding tax matters (TIEA) between Norway and the United Arab Emirates that was signed in...

DTA between Qatar and Tajikistan authorized

February 27, 2017

The signing of the initialed Income and Capital Tax Treaty between Qatar and Tajikistan was authorized by the Cabinet of...

Greece: Decision on online application for filing tonnage tax returns

February 26, 2017

The Public Revenue Authority published Circular 1022/2015 on 16th February 2017. The Circular communicates the decision of the Director of...

Turkey: Decree 2012/3305 on investment incentives regime amended

February 26, 2017

A Decree 2017/9917 regarding the investment incentives regime, which amends Decree 2012/3305, was published on 22nd February 2017 in the...