Posts by admin

UK: Consultation on tax and national insurance on termination payments

August 14, 2016

Following a consultation earlier this year and consideration of the responses received HMRC has published a further consultation paper containing...

Czech Republic: Announcement regarding country by country reporting

August 11, 2016

The Finance Ministry of Czech has made an announcement on 11th August 2016 that it started a public consultation on...

Israel: Tax benefits in draft Budget Law

August 11, 2016

The Finance Ministry has declared a draft proposals as part of the proposed Economic Arrangements Law 2017–2018 on 31st July...

Canada: Country-by-country reporting legislation introduced

August 9, 2016

Following on the Organization for Economic Cooperation and Development’s (OECD) Base Erosion and Profit Sharing (BEPS) initiative, the Finance Department...

Social Security Agreement between Bulgaria and Montenegro ratified

August 9, 2016

The Social Security Agreement (2016) between Bulgaria and Montenegro has been ratified by Bulgaria on 26th July 2016, by way...

DTA between Czech Republic and Iran enters into force

August 9, 2016

The Income Tax Treaty (2015) between Czech Republic and Iran has been entered into force on 4th August 2016 and...

Greece: Filing of amending tax return after expiry of statute of limitation period

August 9, 2016

The Public Revenue Authority (PRA) has released Circular POL 1114 on 22nd July 2016 to provide clarification regarding the filing...

Transfer Pricing Brief: July 2016

August 5, 2016

Austria: BEPS Related Compliance Master file information: Austria has introduced a requirement for a master file for constituent entities resident...

UK: Double tax treaty with Senegal effective in UK

August 4, 2016

The double taxation agreement between the UK and Senegal that was signed on 26 February 2015 entered into force on...

Mexico: Government passes new transfer pricing rules for APA

August 2, 2016

The Mexican government recently passed a new regulation to permitting the Mexican Tax Authorities to perform on-site visits to carry...

Russia: Notification of tax authorities concerning CFCs

August 2, 2016

The Finance Ministry (MoF) has issued a Letter No. 03-01-23/30779 on 27th May 2016 for clarifying the responsibility of taxpayers...

PGA Highlights: July 2016

August 2, 2016

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

Slovak Republic: MoF publishes a guideline regarding TP documentation

August 1, 2016

The principle of transfer pricing is the pricing of goods, services and so on in related party transactions surrounded by...

Greece: Bill regarding transfer pricing provisions enacted

August 1, 2016

The Greek Parliament has approved a bill of the Finance Ministry on 27th July 2016 introducing significant changes regarding the...

OECD: Addressing BEPS involving interest in the banking and insurance sectors

August 1, 2016

On 28 July 2016 the OECD issued a discussion draft outlining approaches to combating base erosion and profit shifting (BEPS)...

UK: Statistics for Creative Industries Tax Relief

August 1, 2016

On 20 July 2016 the UK published updated statistics on claims for creative industry tax relief. The statistics include data...

OECD: Report to G20 finance ministers

July 30, 2016

On 26 July 2016 the OECD published on its website the report prepared for the meeting of the G20 finance...

Platform for Collaboration on Tax: Report to G20 on capacity building

July 30, 2016

On 25 July 2016 the Platform for Collaboration on Tax made available a report on enhancing the effectiveness of external...