Posts by Sabia Liza

El Salvador: DGII updates transfer pricing information return and guidelines

October 4, 2018

On  1 October 2018, the Tax Authority (General Office of Internal Revenue [DGII]) updated the new version of the “Report...

Peru introduces GAAR, new thin capitalization rule, definition of PE, and Other Changes

September 30, 2018

On 13 September 2018, the Peruvian government has published Legislative Decree No. 1422 and Legislative Decree No. 1424, which include...

Sweden:The Administrative Court approves the position of the tax administration on interest on withholding tax refunds

September 30, 2018

Recently, the Swedish Tax Agency issued a notice concerning a ruling by the Supreme Administrative Court stating that recipients of...

Russia: Central Bank hikes late payment interest penalty

September 17, 2018

On 14 September 2018, Russia’s central bank raised the late tax payment interest rate from 7.25% to 7.5% and said it would...

Sweden: Tax Authority releases updated guidance on hard-to-value intangibles

September 15, 2018

On 13 September 2018, the Swedish tax authority published an update of transfer prices guidance on intangible assets consistent with...

Brazil: Administrative Council of Tax Appeals approves validity of resale price method (PRL 60)

September 14, 2018

The Administrative Council of Tax Appeals (CARF) issued binding decision 115 (Súmula no. 115) on 11 September 2018. The new...

Sweden: Government announces a legislative proposal to amend the CFC rules

September 10, 2018

On 4 September 2018, The Swedish government published a legislative proposal to amend the country’s controlled foreign company (CFC) rules...

World Tax Brief: September 2018

September 6, 2018

Chile Business income taxation: On 21 August 2018, the Chilean president announced that a bill on tax reform would be...

Mexico: Tax authority updates the transfer pricing adjustment rules

September 6, 2018

Recently, the Mexican tax authorities issued the Second Resolution of modifications to the 2018 Miscellaneous Tax Resolution (MTR) in which...

India: CBDT publishes second APA annual report

September 5, 2018

The Central Board of Direct Tax (CBDT) released the second annual report (2017-18) of its advance pricing agreement (APA) programme...

Brazil: RFB clarifies Transfer pricing rules on import of products

September 4, 2018

On 30 august 2018, the Department of Federal Revenue of Brazil (RFB) published a ‘Private Ruling 95/2018’ in the Official...

Sweden: Tax Agency updates Transfer Pricing Guidance on Profit Splits method

August 31, 2018

On 29 August 2018, the Swedish Tax Agency (Skatteverket) has updated its transfer pricing guidance to incorporate the OECD guidance...

Colombia updates late payment interest rate for September 2018

August 31, 2018

According to an Administrative Regulation 1112 of 2018, the effective monthly interest rate for late payment of taxes has been set...

Egypt reduces late payment interest, penalties and additional taxes if taxes are settled

August 18, 2018

On 15 August 2018, the Egyptian Government has issued new Law no. 174 of 2018 (the Law) that reduces late...

Germany: Ministry of Finance confirms exchange of CbC Reports with the U.S. for 2016

August 17, 2018

On 16 August 2018, The German Ministry of Finance published a letter on the spontaneous exchange of CbC reports between...

Dominican Republic: DGI publishes guide on simplified tax procedure

August 16, 2018

On 19 June 2018, the Directorate General of Internal Revenue (DGII) issued Guide No. 24 for individuals and legal entities...

Russia modifies transfer pricing rules

August 15, 2018

On 3 August 2018, the President of the Russian Federation signed Law No. 302-FZ About changes to Part One and...

Peru: Ministry of Finance publishes Legislative Decree on deductions for royalties and service fees

August 10, 2018

Peru’s Ministry of Finance published Legislative Decree No. 1369 on 2 August 2018 regarding amendments in relation to deductions for...