Posts by admin

Nigeria: Withholding tax rate for construction-related payments

June 28, 2016

The Finance Ministry has approved recommendations from IRS to withdraw and revoke a rate reduction for withholding tax under the...

Argentina- Exempt income limit increased for withholding tax on domestic payments

June 27, 2016

In Argentina, General Resolution 3884(AFIP) was published in the Official Gazette of 26 May 2016 and became in force from...

PGA Highlights: June 2016

June 27, 2016

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

UK: Customs Information Paper on Exit from the EU

June 25, 2016

HMRC has issued Customs Information Paper 42 (2016) in relation to the referendum vote to leave the European Union (EU)....

EU agrees on draft Directive on anti-avoidance

June 21, 2016

On 21 June 2016 the EU’s Economic and Financial Affairs Council reached agreement on a draft Directive on tax avoidance...

IMF report discusses economic policy in Japan

June 20, 2016

On 20 June 2016 the IMF issued a concluding report following the conclusion of discussions with Japan under Article IV...

EU Finance Ministers reach preliminary agreement on tax avoidance proposals

June 19, 2016

It is reported that on 17 June 2016 the EU finance ministers reached preliminary agreement on a modified version of...

IMF report comments on the economic position of Latvia

June 17, 2016

On 16 June 2016 the IMF published on its website a staff report following the conclusion of discussions with Latvia...

OECD Council approves BEPS amendments to the Transfer Pricing Guidelines

June 16, 2016

On 23 May 2016 the OECD Council gave its approval to the amendments to the transfer pricing guidelines recommended in...

Tanzania issues Finance Bill, 2016

June 16, 2016

Tanzania’s Finance Bill 2016 was made publicly available on 13th June 2016. This follows presentation of the 2016/17 budget by...

IMF report comments on economic and fiscal policy of Sri Lanka

June 15, 2016

On 14 June 2016 the IMF issued a report following the completion of consultations with Sri Lanka under Article IV...

IMF report comments on the economic policy of Peru

June 14, 2016

On 13 June 2016 the IMF published on its website a concluding statement following the completion of discussions with Peru...

IMF publishes working paper on aid and fiscal policy

June 10, 2016

On 9 June 2016 the IMF published on its website a paper entitled “What does aid do to fiscal policy?...

Kenya presents budget for 2016-17

June 10, 2016

The Cabinet Secretary presented the budget for 2016-17 to the National Assembly on 8 June 2016. Some of the proposed...

Tanzania: Budget 2016/17 regarding direct taxation

June 10, 2016

The Finance and Planning Minister has presented the Budget for 2016/17 to the National Assembly on 8th June 2016. The...

Russia: Draft Order for approving CFC notification form published

June 10, 2016

According to the Russian Tax Code, individuals and companies are needed to notify the tax authority of controlled foreign companies...

IMF working paper looks at policy adjustments required in MENA and CCA countries

June 9, 2016

On 8 June 2016 the IMF published a Middle East and Central Asia departmental paper on “Learning to Live with...

Poland: President signs GAAR provisions

June 9, 2016

The President of Poland has signed the bill amendments to the Tax Code including the General Anti-Abuse Rule (GAAR) requirements...