Posts by admin

European Commission to investigate Luxembourg tax rulings

September 21, 2016

On 19 September 2016 the European Commission announced that it is commencing an investigation into the tax treatment of GDF...

Greece: Refund of non-final dividend withholding tax

September 19, 2016

The Public Revenue Authority has published a Document ΔΕΑΦ Β’ 1135136 on 15th September 2016 for providing clarifications on the...

Bulgaria: Draft bill on mandatory electronic filing of tax returns

September 19, 2016

The Finance Ministry has published a draft modifications to the corporate and personal income tax reporting rules, mandatory electronic filing...

UK: Statistics on patent box tax relief

September 16, 2016

On 14 September 2016 HMRC released statistics on the uptake of the patent box legislation during the first year it...

Brazil: Decision releases concerning the application of the new Brazilian CFC rules

September 15, 2016

The Federal Court of Curitiba passed on a decision in relation to Process No. 5005596- 52.2015.4.04.7000/PR on May 6, 2016.The...

UK: Date of Autumn Statement announced

September 13, 2016

The UK Chancellor of the Exchequer is to announce the Autumn Statement on 23 November 2016. The Autumn Statement is...

IMF comments on tax policy of Lithuania

September 13, 2016

Following a visit to Lithuania from 6 to 12 September 2016 for consultation on economic developments the IMF has issued...

IMF to support economic reform in Bosnia

September 11, 2016

On 9 September 2016 the IMF issued a report in relation to Bosnia’s economy following the granting of funds under...

France-announcement of decrease in income tax rates in 2017 Budget

September 10, 2016

The government of France announced that the current corporate income tax rate of 33.33% will be reduced in the 2017...

UK: HMRC survey of mid-sized businesses

September 9, 2016

n 25 August 2016 HMRC published the results of a survey of mid-sized businesses. This covers the types of business...

Russia: New version of draft law on BEPS Action 13 implementation issued

September 9, 2016

The Finance Ministry has issued a new version of the draft law on 6th September 2016 regarding BEPS Action 13...

UK: Consultation on tackling the hidden economy

September 8, 2016

On 26 August HMRC launched three new consultations containing proposals to tackle the hidden economy. Comments are invited from interested...

G20 leaders comment on tax policy

September 8, 2016

The final communiqué from the G20 summit held in Hangzhou, China on 4 and 5 September 2016 began by noting...

New Zealand: Implementation of BEPS Action 2-hybrid mismatch

September 8, 2016

The government of New Zealand released a consultative discussion document on 6 September 2016 containing proposals for addressing hybrid mismatch...

Turkey: Draft General Communiqué on Corporate Tax Law issued

September 7, 2016

The Revenue Administration of Turkey has issued a draft General Communiqué No. 11 on 6th September 2016 regarding Corporate Tax...

Brazil: Private ruling published in the Official Gazette on transfer pricing resale price method

September 7, 2016

Private Ruling 63/2016 published in the Official Gazette of 31 August 2016 clarified that under the transfer pricing resale price...

Transfer Pricing Brief: August 2016

September 5, 2016

Greece: Documentation requirement: As per the bill approved by the Ministry of Finance on 27 July 2016, the General Secretary...

PGA Highlights: August 2016

September 4, 2016

In the United States the following events have taken place under the several PGA during the month of August 2016....