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Peru- New filing conditions and requirements for the tax year 2015 published

February 6, 2016

The tax authorities of Peru published Resolution No. 358-2015 in the Official Gazette on 30 December 2015. The Resolution establishes...

EU Joint Transfer Pricing Forum meeting in February 2016

February 5, 2016

The next meeting of the EU Joint Transfer Pricing Forum (EU JTPF) is scheduled for 18 February 2016. The EU...

IMF Technical Note on introducing a GAAR

February 4, 2016

On 31 January 2016 the IMF issued a technical note on ensuring that a general anti-avoidance rule (GAAR) achieves its...

Transfer Pricing Brief: January 2016

February 4, 2016

Norway: Base Erosion and Profit Shifting (BEPS) Related Compliance: General Rule for Country by Country (CbC) Reporting: The Ministry of...

UK: Use and Impact of Venture Capital Schemes

February 3, 2016

On 3 February 2016 HMRC published a research study of the use and impact of the Enterprise Investment Scheme (EIS)...

Canada: Tax measures regarding New Brunswick’s 2016 budget

February 3, 2016

The 2016-17 provincial budget of New Brunswick which was presented on 2nd February 2016.  It includes measures as follows: The...

PGA Highlights: January 2016

February 3, 2016

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

European Commission publishes Anti Tax Avoidance Package

February 2, 2016

The European Commission published its Anti Tax Avoidance Package on 28 January 2016. This package consists of the following main...

Nigeria: Country-by-country reporting update

February 2, 2016

A Multilateral Competent Authority Agreement (MCAA) has been signed by Nigeria for executing the exchange of country-by-country (CbC) reports. This...

ECJ: Advocate General’s Opinion on Surtax on Large Pensions

January 31, 2016

On 28 January 2016, the Advocate General of the European Court of Justice (ECJ) issued an opinion in Case C...

Bahrain: IMF report comments on economic position

January 31, 2016

A statement issued by the IMF at the conclusion of consultations with Bahrain under Article IV of the IMF articles...

ECJ: Ruling on VAT exemption for serviced residence

January 29, 2016

The European Court of Justice (ECJ) issued a decision in the case of Les Jardins de Jouvence SCRL v. Belgian...

UK: Digital communications research published

January 28, 2016

The UK tax administration HMRC plans to extend online tax accounts to all individuals and businesses paying tax in the...

Pakistan: IMF paper comments on the tax system

January 28, 2016

Following consultations with Pakistan under Article IV of its articles of agreement the IMF published a report and a selected...

UK: Changes to Employment Allowance

January 28, 2016

Following a consultation that closed on 3 January 2016 the UK is to implement changes to the conditions for eligibility...

OECD: Multilateral Competent Authority Agreement for exchange of CbC reports

January 28, 2016

On 27 January 2016 thirty-one countries signed a Multilateral Competent Authority Agreement for the automatic exchange of Country by Country...

Russia: Amendment of tax law implements in 2016

January 26, 2016

In Russia, recently important tax laws were passed for corporate taxation from 2015 onwards, which will take effect from 2016....

UK: Customs Vision for 2020

January 23, 2016

On 22 January 2016 HM Revenue and Customs issued the Customs Vision for 2020 setting out the aspirations of UK...