Posts by Sabia Liza

Denmark: Tax authority publishes press release on CbC reporting

December 25, 2017

The Danish tax administration circulated a press release (No. 17-1975627) on country-by-country (CbC) reporting on 21 December 2017. The press...

Portugal: Cabinet approves the Budget for 2018

December 21, 2017

On 27 November 2017, the Portuguese cabinet approved the Budget proposal for 2018.

Japan issues tax reform plan for 2018

December 20, 2017

The ruling Liberal Democratic Party of Japan accepted a tax reform package on 14 December 2017. Based on the draft,...

Denmark publishes updated threshold tables for corporate tax purposes for 2018

December 20, 2017

Rrecently, the Danish Ministry of Taxation has published updated threshold tables for corporate tax purposes for 2018. For corporate tax...

Denmark announces deadline for preparation of transfer pricing documentation

December 15, 2017

The Danish Parliament legislated a Bill (No. L 13) on 7 December 2017. The Bill announced a deadline for the...

Russia: FTS publishes CbC reporting formats for public consultation

December 14, 2017

The Federal Tax Service (FTS) publishes country-specific reporting (CbC) formats and a report on participation in multinational enterprise groups on...

Russia: Approves profit-based oil tax regime

December 13, 2017

On 23 November 2017, the Government approved a plan to introduce a profit-based tax on the oil industry, expected to...

Russia publishes final law on automatic exchange of tax information and documentation requirements

December 12, 2017

Recently, the Federal Law No. 340-FZ of 27 November 2017, amending the Tax Code in relation to the implementation of...

India clarifies position on acceptance of the MAP and bilateral APA

December 10, 2017

On 27 November 2017, the Indian Government has announced that the MAP for transfer pricing disputes and the bilateral advance...

World Tax Brief: November 2017

December 5, 2017

Argentina Main corporate income tax rate: On 31 October 2017, Argentina’s Minister of the Treasury, announced a tax reform plan...

Hungary: Parliament approves new tax measures

December 5, 2017

On 14 November 2017, the Hungarian Parliament approved a package of tax which includes measures related to the tax procedural...

France: Constitutional Court confirmed its judgment on temporary surcharge on large companies

December 3, 2017

The French Constitutional Court declared its judgment on the recently approved temporary surcharge on large companies on the 29 November...

Pakistan: FBR publishes rules for documentation and CbC reporting requirements

November 26, 2017

On 16 November 2017, the Federal Board of Revenue (FBR) in Pakistan has published SRO 1191(1)/2017, which includes chapter VIA...

Italy: Proposes changes to capital gains on ‘qualifying shares’

November 24, 2017

Recently, the draft budget law 2018 proposed an increase in taxes applicable to gains realized on the disposal of “qualifying...

Russia approved draft law on automatic international exchange of tax information and documentation requirements

November 23, 2017

The Russian State Duma adopted in the final reading the draft law implementing international automatic exchange of financial accounting information...

India: Government increases import tax on edible oils to highest in a decade

November 21, 2017

On 17 November 2017, the Indian government increased the import duties on various vegetable oils and soybeans oils through a...

Sweden: Income of pension funds to be included in the CbC reporting

November 17, 2017

The Swedish Tax Agency on 8 November 2017, has published a clarification (No. 202 439672-17/111) on any pension funds derived...

Pakistan: Ministry orders compliance with tobacco control laws

November 16, 2017

On 10 November 2017, the Ministry of National Health Services has requested to all federal secretaries and provincial chief secretaries...