Tax Treaty News: November 2017
Netherlands and Uzbekistan On 31 December 2017, the amending protocol of Double Taxation Agreement (DTA) between Netherlands and Uzbekistan will enter into force and it will apply from 1 January 2018. Georgia and Moldova On 29 November 2017,
See MoreWorld Tax Brief: November 2017
Argentina Main corporate income tax rate: On 31 October 2017, Argentina's Minister of the Treasury, announced a tax reform plan that would gradually reduce the corporate income tax rate for reinvested earnings. The rate would be gradually reduced
See MoreTransfer Pricing Brief: November 2017
Belgium: Main corporate income tax rate: On 27 October 2017, the government has approved the corporate tax reform bill. The rate of corporate income tax will be gradually reduced to 29% in 2018, and will be further reduce to 25% in 2020. Belgium
See MoreUnited States: ADD/CVD Roundup for November 2017
Following table shows the Federal Register notices related to ADD/CVD cases for November 2017 in United States. Country Product Investigations Case Number Details Belarus Certain Carbon and Alloy Steel Wire Rod Affirmative Final Determinations
See MoreTax Treaty News: October 2017
Finland and Germany On 16 November 2017, the Double Taxation Agreement (DTA) between Finland and Germany will enter into force and it will apply from 1 January 2018. From this date, the new treaty will replace the existing DTA of 1979. Pakistan
See MoreTransfer Pricing Brief: October 2017
Zambia: Compliance-Corporate residence: On 29 September 2017, the Budget for 2018 was presented to the National Assembly by the Minister of Finance. The Minister proposes to revise the definition of residence for corporate tax purposes by
See MoreWorld Tax Brief: October 2017
Costa Rica Main corporate tax rate: Costa Rica Publishes Corporate Income new income tax brackets for the 2017-2018 tax year on 27 September 2017. Although the brackets are adjusted, the rates remain the same (30%). Consequently, small
See MoreUnited States: ADD/CVD Roundup for October 2017
Following table shows the Federal Register notices related to ADD/CVD cases for October 2017 in United States. Country Product Investigations Case Number Details Argentina Biodiesel Preliminary Affirmative Determination of Sales at Less Than
See MoreTransfer Pricing Brief: September 2017
Taiwan: Main corporate income tax rate: On 1 September 2017, Taiwan’s Ministry of Finance released tax reform proposals including to increase the corporate income tax (CIT) rate from 17% to 20%. The Proposal will become effective for taxable
See MoreTax Treaty News: September 2017
China and Norway On 27 September 2017, during a meeting between China's tax Minister Wang Jun and Norway’s Finance Minister Siv Jensen they agreed to renegotiate the Double Taxation Agreement (DTA) between the two countries. Andorra and
See MoreWorld Tax Brief: September 2017
Sri Lanka Main corporate tax rates: The Parliament passed the new income tax law on 7 September 2017. Beginning from 1 April 2018, the corporate income tax (CIT) rates will be revised to a three-tier structure consisting of a lower rate of 14%,
See MoreUnited States: ADD/CVD Roundup for September 2017
Following table shows the Federal Register notices related to ADD/CVD cases for September 2017 in United States. Country Product Investigations Case Number Details Argentina Biodiesel Scheduling of the Final Phase of Antidumping Duty
See MoreTransfer Pricing Brief: August 2017
Brazil: CbC reporting requirement: According to NI 1,722/2017 published in the Official Gazette on 17 July 2017, transitional provisions apply if a legal entity which is resident in Brazil for tax purposes and which is not the ultimate
See MoreTax Treaty News: August 2017
Hong Kong and Saudi Arabia On 24 August 2017, the Double Taxation Agreement (DTA) between Hong Kong and Saudi Arabia was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Hong
See MoreWorld Tax Brief: August 2017
Indonesia CFC rules: The Ministry of Finance (MoF) has updated the Controlled Foreign Company (CFC) rules through the issuance of Regulation No.PMK-107/PMK.03/2017 (PMK-107) which is dated and effective 27 July 2017, and applicable starting
See MoreUnited States: ADD/CVD Roundup for August 2017
Following table shows the Federal Register notices related to ADD/CVD cases for August 2017 in United States. Country Product Investigations Case Number Details Argentina Biodiesel Preliminary Affirmative Countervailing Duty Determination and
See MoreTax Treaty News: July 2017
Mexico and Spain On 27 September 2017, the amending protocol of Double Taxation Agreement (DTA) between Mexico and Spain will enter into force. Japan and Slovenia On 23 August 2017, the Double Taxation Agreement (DTA) between Japan and Slovenia
See MoreTransfer Pricing Brief: July 2017
Poland: Financial services-Restriction on interest deduction: According to draft bill revising on corporate income tax act published on 12 July 2017, thin capitalization rules limiting the deduction of financing costs to 30% of an adjusted tax
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