Posts by admin

OECD: Revised guidance on profit splits

July 6, 2016

On 4 July 2016 the OECD released a consultation document containing revised guidance on profit splits. This is part of...

OECD: Discussion draft on attribution of profits to permanent establishments

July 6, 2016

On 4 July 2016 the OECD published a discussion draft on additional guidance on the attribution of profits to permanent...

Turkey: Guidelines on CIT incentive for capital increase

July 6, 2016

The Turkish Revenue Administration has published guidelines regarding corporate income tax (CIT) incentive on 30th June 2016 for capital increase....

UK: Double tax agreement with Algeria enters into force

July 5, 2016

The double taxation agreement between the UK and Algeria entered into force on 26 June 2016. The agreement was signed...

IMF report comments on Poland’s tax plans

July 5, 2016

On 27 June 2016 the IMF published a report following the conclusion of consultations under Article IV of the IMF’s...

IMF report comments on the economic position of Germany

July 4, 2016

On 24 June 2016 the IMF published a report and selected issues paper following the conclusion of consultations with Germany...

Namibia-increase of withholding tax rate of non-resident directors’ fees

July 4, 2016

In Namibia, the withholding tax rate applicable to directors’ fees paid to non-residents has become 25% with effect from 21...

UK: Chancellor announces plan to cut the corporation tax rate

July 3, 2016

The UK’s Chancellor of the Exchequer has suggested in an interview that he intends to reduce the corporation tax rate...

WTO: Landlocked developing countries and world trade

July 3, 2016

The fifth meeting of ministers of landlocked developing countries (LLDCs) was held on 23 June 2016. Trade is a driver...

IMF report comments on the fiscal position of El Salvador

July 2, 2016

On 1 July 2016 the IMF published a report and selected issues paper following the conclusion of consultations under Article...

UK publishes text of double tax agreement with the United Arab Emirates

July 1, 2016

On 28 June 2016 the UK published the text of the double taxation agreement with the United Arab Emirates (UAE)...

UK publishes double taxation agreement with Turkmenistan

July 1, 2016

On 27 June 2016 the UK published the text of the double tax agreement with Turkmenistan. The agreement was signed...

UK publishes text of double tax agreement with Uruguay

July 1, 2016

On 28 June 2016 the UK published the text of the double tax convention with Uruguay signed on 24 February...

Platform for Collaboration on Tax releases discussion draft on effective capacity building

July 1, 2016

The Platform for Collaboration on Tax was set up by the IMF, OECD, UN and World Bank at the request...

OECD: Kyoto meeting takes forward the new inclusive framework for tackling BEPS

July 1, 2016

An initial meeting was held in Kyoto on 30 June and 1 July 2016 to take forward the new inclusive...

Transfer Pricing Brief: June 2016

June 29, 2016

UK: Secondary adjustment: HMRC launched a consultation on May 26, 2016 to introduce and design secondary adjustment rule into the...

OECD: Guidance on implementation of country by country reporting

June 29, 2016

On 29 June 2016 the OECD published guidance on aspects of country by country (CbC) reporting. The guidance covers the...

Greece: Clarification on carry-forward of losses released

June 29, 2016

On the basis of article 27 of the Income Tax Code (ITC), the Public Revenue Authority has released a Circular...