OECD: Peer Review Report on Tax Transparency in Poland

August 16, 2022

On 16 August 2022 the Global Forum for Transparency and Exchange of Information for Tax Purposes released a second round (phase 1) peer review report in relation to Poland. The peer review report examines the legal and regulatory framework in Poland

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US and Argentina sign CbC exchange arrangement

January 31, 2021

On 27 January 2021, US and Argentina have signed a competent authority agreement to exchange country-by-country reports. The purpose of the agreement is to increase international tax transparency and improve access of their respective tax

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Hong Kong and Russia sign an agreement for the exchange of CbC report

September 09, 2020

On 3 September 2020, the Russian Federal Tax Service has announced that Hong Kong and Russia signed an agreement on the exchange of Country-by-Country (CbC) reports for the 2017 and 2018 reporting years. For reporting fiscal years beginning on or

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US and Switzerland sign competent authority arrangement on implementation of arbitration

August 05, 2020

On 28 July 2020, U.S. and Switzerland signed an agreement for the implementation of the arbitration process provided for in Article 25 (Mutual Agreement Procedure) of the 1996 income tax treaty between the two countries as amended by the 2009

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Philippines: BIR issues guidelines for transfer pricing audits

September 24, 2019

The Bureau of Internal Revenue (BIR) has issued Transfer Pricing Audit Guidelines under Revenue Audit Memorandum Order (RAMO) No. 1-2019 on 20 August 2019, which provides standardized audit procedures and techniques in auditing taxpayers with

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Norway deposits ratification instrument for MLI

August 14, 2019

On 17 July 2019, Norway deposited its instrument of ratification for the multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting (MLI). The MLI will enter into force on 1 November 2019 for

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Saudi Arabia signs MCAA for the exchange of CbCR

August 08, 2019

On 6 August 2019, Saudi Arabian Government signed the Multilateral Competent Authority Agreement (MCAA) for the exchange of Country-by-Country reports (CbCR). According to OECD, total signatories to the agreement CbC MCAA are now 80.

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Latvia: President signs a Law to ratify BEPS MLI

July 25, 2019

On 22 July 2019, Latvian President Egils Levits has signed a law for ratification of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI). Latvia must now deposit its ratification instrument to

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Georgia and Italy sign MOU on implementation of APA and MAP practice

June 20, 2019

On 6th June, 2019 Mr. Paolo Valerio Barbantini, Deputy Director General of the Italian Revenue Agency, and Mr. Vakhtang Lashkaradze, Director General of the Revenue Service of Georgia, met in Tbilisi, Georgia, to sign the Memorandum of

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Singapore signs TIEA and FATCA with the US

November 25, 2018

On 13 November 2018, the Inland Revenue Authority of Singapore has confirmed the signing of a tax information exchange agreement (TIEA) and a reciprocal FATCA Intergovernmental agreement (FATCA IGA) with the United States. The TIEA will permit

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U.S. and Austria sign an agreement on the exchange of country-by-country reports

August 26, 2018

According to an IRS announcement on its website, the competent authorities of U.S. and Austria have concluded an arrangement on the exchange of Country-by-Country Reports. The competent authority arrangement (CAA) for exchange of country-by-country

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Hong Kong signs multilateral competent authority agreement on exchange of CbC reports

August 20, 2018

Hong Kong joined the multilateral competent authority agreement on the exchange of country-by-country reports (CbC MCAA). The CbC MCAA was signed by Hong Kong on 27 July 2018. The purpose of the CbC MCAA is to set forth rules and procedures as may

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U.S. and Croatia sign an agreement on the exchange of CbC reports

July 30, 2018

On 10 July 2018, the competent authorities of the U.S. and Croatia have concluded an arrangement on the exchange of country-by-country (CbC) reports. The competent authority arrangement (CAA) for exchange of country-by-country reports is on the

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U.S. and Indonesia sign an agreement on the exchange of CbC reports

July 15, 2018

According to an IRS announcement on its website, the competent authorities of the U.S. and Indonesia have concluded an arrangement on the exchange of Country-by-Country Reports. The competent authority arrangement (CAA) for exchange of

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Hong Kong and Finland enter into comprehensive avoidance of double taxation agreement

May 30, 2018

On 24 May 2018, Hong Kong and Finland signed a comprehensive avoidance of double taxation agreement (CDTA). The CDTA sets out the allocation of taxing rights between the two jurisdictions and will help investors better assess their potential tax

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US and Indonesia sign MOU on the exchange of CbC reports

May 16, 2018

On April 26, 2018, the Internal Revenue Service issued a Memorandum of Understanding (MOU) between the Competent Authorities of the United States (US) and Indonesia, which includes an announcement of the temporary suspension of Indonesia's secondary

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Sweden: Draft legislation submits to Parliament for the Ratification of the BEPS MLI

March 20, 2018

On 15 March 2018, Government submitted draft legislation to the Parliament for the Ratification of the BEPS MLI. The MLI will generally apply for a particular Swedish bilateral tax treaty after both Sweden and the other party to the treaty have

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U.S. and Italy sign an agreement on the exchange of CbC reports

November 20, 2017

According to an IRS announcement on its website, the competent authorities of the U.S. and Italy have concluded an arrangement on the exchange of Country-by-Country Reports. The competent authority arrangement (CAA) for exchange of

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