Posts by admin

China issued new rules on TP documentation requirement

July 30, 2016

China issued Bulletin 42 to introduce a requirement for a master file for MNC group resident in China if their...

Belgium issued new rules on CbC reporting and TP documentation requirement

July 30, 2016

Belgium issued regulation to introduce a requirement for a master file and a local file for MNC group resident in Belgium...

Korea: Revised draft legislation on transfer pricing and country-by-country reporting

July 29, 2016

The South Korean Ministry of Strategy and Finance has recently released a draft legislation which would amend the existing provisions...

Argentina:Abolition of withholding tax on dividends of companies

July 27, 2016

In Argentina, Law 27,260, the amendment to the Income Tax Law (LIG) was published in the Official Gazette on 22...

G20 Finance Ministers support equitable growth

July 25, 2016

The G20 finance ministers and central bank governors met on 23 and 24 July 2016 and issued a final communiqué...

OECD: Tax design for inclusive economic growth

July 23, 2016

On 20 July 2016 the OECD Centre for Tax Policy and Administration issued a taxation working paper entitled Tax Design...

Chile: IRS publishes final instructions on 2014 Tax Reform and 2015 Simplification Law

July 21, 2016

The Internal Revenue Service (IRS) of Chile has published the last set of Circulars (Circular no. 40, 41, 42, 44,...

OECD: Review of Italy’s tax administration

July 20, 2016

The OECD Centre for Tax Policy and Administration has carried out a review of the organizational structure and institutional arrangements...

OECD: Design and operation of the group ratio rule in BEPS action 4

July 16, 2016

On 11 July 2016 the OECD released a discussion draft on the operation of the group ratio rule under Action...

IMF report comments on Philippines economy

July 16, 2016

On 13 July 2016 the IMF published a report following the conclusion of talks with the Philippines under Article IV...

IMF report comments on Peru’s fiscal policy

July 15, 2016

On 15 July 2016 the IMF published a report following the conclusion of talks with Peru under Article IV of...

UK: Research report on intermediaries legislation

July 15, 2016

On 12 July 2016 HMRC published the results of research undertaken to understand the implications for employers and engagers if...

Greece: A draft bill submitted to parliament

July 15, 2016

A draft bill was submitted to the parliament on 13th July 2016 for amending unified property tax, Procedural Tax Code...

IMF report comments on the economic position of Italy

July 12, 2016

On 6 July 2016 the IMF released a staff report following consultations with Italy under Article IV of the IMF’s...

Turkey: Draft General Communiqué on CIT Law issued

July 12, 2016

The Revenue Administration has submitted a draft General Communiqué No. 10 on 30th June 2016 regarding Corporate Tax Law (Law...

Israel: Announcement of corporate tax rate cut

July 10, 2016

On 19th of July 2016, the government and finance minister of Israel declared that the corporate income tax rate will...

Uruguay-Tax measures of the Accountability Bill

July 9, 2016

The chamber of Deputies of Uruguay received for discussion the Accountability Bill on 20 June 2016. The Bill was issued...

OECD: Conforming amendments to guidelines on business restructurings

July 7, 2016

On 4 July 2016 the OECD published a document for public review containing the conforming amendments to Chapter IX of...