Posts by Sabia Liza

Ethiopia: Introduces Transfer Pricing Rules

October 27, 2016

Ethiopia has introduced Transfer Pricing rules and the new rules are applicable for all Ethiopian taxpayers with cross-border Intercompany Transactions...

Slovenia:  Amendments to the Corporate and individual income tax rates

October 20, 2016

The parliament adopted a tax reform consisting of amendments to the Personal Income Tax Law, Corporate Income Tax Law and...

Austria: Budget Bill submitted to lower house of parliament

October 16, 2016

The Budget Bill was submitted to the lower house of the parliament on 12 October 2016. The most important fiscal...

Norway: Plans to cut corporate income tax from 26% this year to 24% in 2017

October 13, 2016

The Norwegian Government plans to cut corporate income tax and increase the tax contribution of the finance industry as part...

Singapore: Publishes Guidance on CbC Reporting

October 12, 2016

The Inland Revenue Authority of Singapore (IRAS) has published detailed guidance on the implementation of a new country-by-country (CbC) reporting...

World Tax Brief: September 2016

October 5, 2016

Peru Corporate tax rate: On August 2016 the Government of Peru presents a bill to the parliament with the intention...

Italy: Resolution publishes regarding interest on medium or long-term loans

September 30, 2016

The Italian Tax Authorities issued Resolution No. 84/E on 29 September 2016, providing clarifications on the tax treatment of qualifying...

Hungary: Introduces a new type of tax audit of binding rulings

September 30, 2016

Tax audit of binding rulings From July 1, 2016, a new type of tax audit was introduced whereas binding rulings may...

Peru: Government proposes higher corporate taxes

September 28, 2016

In August 2016 the Government of Peru presented a bill to the parliament which stated its intention to increase corporate...

Sweden: Presents Budget for 2017

September 23, 2016

The Budget for 2017 was presented to the parliament on 20 September 2016. The Budget, measures will apply from 1...

France: Announces draft Finance Bill for 2017

September 22, 2016

The French Ministry of Finance presented, during a press conference on 28 September 2016, the main tax provisions of what...

Egypt: Parliament approves draft law on tax disputes resolution

September 20, 2016

The parliament approved a draft law on tax disputes resolution on 30 August 2016. The purpose of the law is...

Uruguay: Publishes Decree regulating modifications to tax rules made by National Budget Law

September 20, 2016

The Ministry of Finance issued Decree No. 279/016 on 12 September 2016 that contains regulatory provisions for the application of...

Denmark: Publishes new executive order on country-by-country reporting

September 20, 2016

A Danish executive order No. 1133 dated 27 August 2016 was issued to provide detailed rules on notice requirements and...

Mauritius: Budget for 2016-2017 with respect to tax management

September 20, 2016

The Minister of Finance delivered the Budget speech for 2016-17 to the parliament on 29 July 2016. The most important...

Italy: Publishes new guidance on CFC regulations

September 18, 2016

The Italian Tax Authorities issued Protocol No. 143239 (the Protocol) on 16 September 2016, providing further clarifications on CFC legislation,...

Vietnam: Publishes Circular on tax incentives

September 12, 2016

The Ministry of Finance (MoF) on 17 June 2016, issued Circular No. 83/2016/TT-BTC which provided guidance on the implementation of...

Argentina: Publishes significant tax changes

September 12, 2016

On July 22, 2016, Law 27,260, with special incentives for Argentine taxpayers businesses to report previously unreported foreign and domestic assets,...