Transfer Pricing Brief: October 2016
Malaysia: Main Corporate tax rate: The Budget for 2017 proposed to reduce the corporate tax rate for the year of assessment 2017 and 2018. As per the proposal, the reduce tax rate will be between 1 and 4 percentage points for companies with
See MoreTax Treaty News: October 2016
UAE and Liechtenstein On 30 October 2016, the Emirati cabinet approved the income and capital tax treaty with Liechtenstein for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. UAE and
See MoreTransfer Pricing Brief: September 2016
Costa Rica: Filing of annual transfer pricing return: Costa Rica has published a resolution in the official gazette to finalize the rules concerning the filing of an annual transfer pricing return for taxpayers qualifying as “large
See MoreTax Treaty News: September 2016
Japan and India On 29 October 2016, the amending protocol of income tax treaty between India and Japan will enter into force that was signed on 11 December 2015. The protocol generally applies from 29 October 2016 for exchange of information and
See MoreWorld Tax Brief: September 2016
Peru Corporate tax rate: On August 2016 the Government of Peru presents a bill to the parliament with the intention to increase corporate income tax for large and medium-sized companies but to reduce it for small companies. The standard rate for
See MoreUnited States: ADD/CVD Roundup for September 2016
Following table shows the Federal Register notices related to ADD/CVD cases for September 2016 in United States. Country Product Investigations Case Number Details Argentina Lemon Juice Antidumping or Countervailing Duty Order, Finding, or
See MoreTransfer Pricing Brief: August 2016
Greece: Documentation requirement: As per the bill approved by the Ministry of Finance on 27 July 2016, the General Secretary of Public Revenue may exempt very small enterprises from the submission of transfer pricing documentation. Documentation
See MoreTax Treaty News: August 2016
Kazakhstan and Saudi Arabia On 1 September 2016, the income tax treaty between Kazakhstan and Saudi Arabia was entered into force for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. The
See MoreUnited States: ADD/CVD Roundup for August 2016
Following table shows the Federal Register notices related to ADD/CVD cases for August 2016 in United States. Country Product Investigations Case Number Details Australia Hot-Rolled Steel Flat Products Final Determination of Sales at Less Than
See MoreWorld Tax Brief: August 2016
UK Incentives: On 20 July 2016 the UK publishes updated statistics on claims for creative industry tax relief. The statistics include data for the film tax relief, high-end television tax relief, animation tax relief and video games tax relief
See MoreWorld Tax Brief: July 2016
Argentina Dividend: In Argentina, Law 27,260, the amendment to the Income Tax Law (LIG) was publishes in the Official Gazette. According to the amendment Law 27,260 abolished the 10% withholding tax established by article 90 LIG which was applied
See MoreUnited States: ADD/CVD Roundup for July 2016
Following table shows the Federal Register notices related to ADD/CVD cases for July 2016 in United States. Country Product Investigations Case Number Details Belgium Stainless Steel Plate Institution of Five-Year Reviews A-423-808 See the
See MoreTransfer Pricing Brief: July 2016
Austria: BEPS Related Compliance Master file information: Austria has introduced a requirement for a master file for constituent entities resident in Austria if their turnover in the previous two fiscal years exceeded €50 million in each year.
See MoreTax Treaty News: July 2016
Malaysia and Ukraine On 27 July 2016, the Ukrainian government authorized to sign the income tax treaty with Malaysia for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Bahrain and
See MoreTransfer Pricing Brief: June 2016
UK: Secondary adjustment: HMRC launched a consultation on May 26, 2016 to introduce and design secondary adjustment rule into the transfer pricing legislation of UK. See the story in Regfollower Germany: BEPS related compliance General rule for
See MoreUnited States: ADD/CVD Roundup for June 2016
Following table shows the Federal Register notices related to ADD/CVD cases for June 2016 in United States. Country Product Investigations Case Number Details Belgium Stainless Steel Plate in Coils Antidumping Duty Order, Finding, or Suspended
See MoreWorld Tax Brief: June 2016
Tanzania Incentives: The Budget for 2016/17 was presented to the National Assembly by the Minister of Finance and Planning on 8 June 2016. According to the budget the skills and development levy will be reduced from 5% to 4.5%. See the story in
See MoreTax Treaty News: June 2016
Finland and Uzbekistan On 3 July 2016, the amending protocol of income tax treaty between Finland and Uzbekistan will enter into force that was signed on 8 March 2016. This protocol will apply from 3 July 2016 for matters relating to exchange of
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