Posts by admin

Sweden Proposes Implementation of BEPS 13

May 2, 2016

The Swedish Tax Agency (STA) has proposed to implement transfer pricing documentation and Country-by-Country (CbC) Reporting. As per the proposal,...

Transfer Pricing Brief: April 2016

May 2, 2016

Portugal: General rule for CbC reporting requirement: Portugal has introduced Country-by-Country (CbC) reporting requirement for domestic entities with consolidated group...

Guernsey: The amended Statement released on taxation of banking businesses

May 2, 2016

The amended Statement of Practice C22 on taxation of banking businesses was released on 28 April 2016. The company standard...

Panama-Deadline for filing income and real estate tax returns extended

May 1, 2016

In a Press release of 29 April 2016 the tax authorities of Panama announced that the deadline to file income...

IMF report comments on economic situation of Bahrain

April 30, 2016

The IMF issued a report on 26 April 2016 following consultations with Bahrain under Article IV of its articles of...

IMF report comments on the economic situation of Hungary

April 30, 2016

The IMF released a report on 22 April 2016 following consultations with Hungary under Article IV of the IMF’s articles...

UK: Enterprise Investment Scheme statistics

April 29, 2016

The Enterprise Investment Scheme (EIS) and the Seed Enterprise Investment Scheme (SEIS) are two important tax advantaged venture capital schemes...

ECJ: Advocate General rules on conditions for VAT exemption on intra community supply

April 28, 2016

The Advocate General of the European Court of Justice (ECJ) ruled on 6 April 2016 in the case Josef Plöckl...

Canada: First reading of federal budget bill 2016 received

April 28, 2016

Federal budget bill 2016, Bill C-15, has received first reading on 20th April 2016 that contains some of the proposals...

Czech Republic: Senate approves criminal code amendment

April 28, 2016

The Senate has approved an amendment on 27th April 2016 to the Criminal Code to the effect that even the...

OECD: Financing SMEs and Entrepreneurs 2016

April 27, 2016

On 14 April 2016 the OECD published Financing SMEs and Entrepreneurs 2016. The study covers 37 countries including China, Russia...

UK: Public Accounts Committee publishes report on tackling tax fraud

April 26, 2016

The UK parliament’s Public Accounts Committee (PAC) has published the results of an inquiry into how the tax administration HMRC...

WTO: Trade Policy Review of Ukraine

April 25, 2016

Ukraine acceded to the World Trade Organization (WTO) in 2008. The WTO’s first review of the trade practices in Ukraine...

UK: Consultation on reform to disclosure of VAT schemes and IHT hallmark regulations

April 22, 2016

On 20 April 2016 HMRC published a consultation document on reforms to the legislation on disclosure of value added tax...

OECD: Joint Statement on Illicit Financial Flows from Africa

April 20, 2016

A joint statement was released on 19 April 2016 by the OECD secretary general and the Chair of the High...

Platform for Collaboration on Tax set up by OECD, IMF, UN and World Bank

April 20, 2016

On 19 April 2016 the OECD, IMF, World Bank and UN announced the creation of a Platform for Collaboration on...

Algeria: Issued Tax Free Government Bonds

April 20, 2016

The Algerian Tax Administration issued a Note pertaining to the issuance of government bonds starting from 17 April 2016. Interest...

Kazakhstan: MoJ approves plans to consolidate tax code and customs code

April 20, 2016

The Ministry of Justice has approved plans on 5th April 2016 that are aimed at consolidating the Tax Code and...