World Tax Brief: July 2017
Belgium Corporate income tax rate: The federal government of Belgium announced the budget for 2018. The budget has reduced the corporate income tax rate. Currently, the normal rate is 33.99%, will be reduced to 29% in 2018 and in 2019, and will
See MoreUnited States: ADD/CVD Roundup for July 2017
Following table shows the Federal Register notices related to ADD/CVD cases for July 2017 in United States. Country Product Investigations Case Number Details Belgium Citric Acid and Certain Citrate Salts Determinations A-423-813 See the
See MoreWorld Tax Brief: June 2017
Pakistan Corporate income tax rate: Pakistan's Federal Board of Revenue (FBR) on 26 May 2017, submitted the budget for 2017/2018 to Parliament. With the policy of reducing corporation tax rates, the rate has been reduced further from 31% to 30%
See MoreTransfer Pricing Brief: June 2017
Greece: Main corporate tax rate: According to Law 4472/2017 published in the official Gazette on 19th May 2017, the corporate income tax (CIT) rate will be reduced from 29% to 26% from 1 January 2019 subject to certain conditions. See the story
See MoreUnited States: ADD/CVD Roundup for June 2017
Following table shows the Federal Register notices related to ADD/CVD cases for June 2017 in United States. Country Product Investigations Case Number Details Argentina Biodiesel Postponement of Preliminary Determinations of Countervailing Duty
See MoreTax Treaty News: June 2017
Moldova and UAE On 28 June 2017, Moldova authorized to sign a Double Taxation Agreement (DTA) with United Arab Emirates for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Latvia and
See MoreTax Treaty News: May 2017
Armenia and Sweden On 1 June 2017, the Double Taxation Agreement (DTA) between Armenia and Sweden for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income entered into force. This Agreement will
See MoreTransfer Pricing Brief: May 2017
Italy: Requirement-Rule: According to Decree No.50 published on 24 April 2017, the definition of normal value with the concept of arm’s length will be modified to be more aligned with Organisation for Economic Co-operation and Development
See MoreWorld Tax Brief: May 2017
Australia Corporate tax rate: The 2017-18 federal budget has been delivered on 9 May 2017 and the government announced a reduction in the small business tax rate from 28.5% to 27.5% for the 2016–17 income year. The turnover threshold to qualify
See MoreUnited States: ADD/CVD Roundup for May 2017
Following table shows the Federal Register notices related to ADD/CVD cases for May 2017 in United States. Country Product Investigations Case Number Details Argentina Biodiesel Determinations C-357-821 See the Federal Register
See MoreTax Treaty News: April 2017
Ireland and Kazakhstan On 27 April 2017, the Double Taxation Agreement (DTA) between Ireland and Kazakhstan was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Pakistan and
See MoreTransfer Pricing Brief: April 2017
China: Adjustments-MAP: Bulletin 6 governs MAP in relation to bilateral/multilateral APAs and special tax adjustments in one jurisdiction which would result in corresponding adjustment in another jurisdiction. According to Bulletin 6, the SAT may
See MoreWorld Tax Brief: April 2017
UK Corporate income tax rate: The corporate income tax rate in the UK has been reduced to 19% from the current 20% rate starting from 1st April 2017, in order to support investment, growth and job creation. Further, the main rate of corporation
See MoreUnited States: ADD/CVD Roundup for April 2017
Following table shows the Federal Register notices related to ADD/CVD cases for April 2017 in United States. Country Product Investigations Case Number Details Canada Certain Softwood Lumber Products Preliminary Affirmative Countervailing Duty
See MoreTax Treaty News: March 2017
Andorra and Portugal On 23 April 2017, the Double Taxation Agreement (DTA) between Andorra and Portugal will enter into force for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. This
See MoreWorld Tax Brief: March 2017
Dominican Republic Filing returns: The Dominican tax authorities allotted new regulation (General Notice No.12-17) in order to improve the tax filing procedures for the annual corporate income tax return (Form: IR-2) and
See MoreTransfer Pricing Brief: March 2017
Canada: General rule for CbC reporting requirement: The Canada Revenue Agency (CRA) updated RC4651 Guidance on Country-By-Country (CbC) Reporting on 2 March 2017 to provide information on the interpretation of Canadian CbC reporting legislation
See MoreUnited States: ADD/CVD Roundup for March 2017
Following table shows the Federal Register notices related to ADD/CVD cases for March 2017 in United States. Country Product Investigations Case Number Details Australia Uncoated Paper Antidumping Duty Order, Finding, or Suspended
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