US: US signed FATCA agreement with Saudi Arabia
Saudi Arabia and the United States signed a Foreign Account Tax Compliance Act (FATCA) Agreement, 15 November 2016. Details of agreement will be reported
See MoreMexico: Tax Authorities issues proposed regulations
Mexican Tax Authorities issued proposed regulations regarding the “additional information” that could be requested as part of the new transfer pricing obligations, which require Mexican taxpayers to submit a master file, local file and
See MoreIMF comments on Jamaica’s economic reform agenda
On 11 November 2016 the IMF issued a press release in connection with the approval of a stand-by arrangement to support the continued economic reform agenda in Jamaica. The IMF commented that macroeconomic stability has been achieved with low
See MoreDTA between Chile and China (People’s Rep.) enters into force
The Income Tax Treaty (2015) between Chile and People's Republic of China has been entered into force on 8th August 2016 and it generally applies from 1st January
See MoreCosta Rica: Resolution on transfer pricing return procedure entered into force
Costa Rican tax authority has Gazetted the resolution N ° DGT-R-44-2016 on September 13, 2016 that regulates the transfer pricing return in Costa Rica entered in force. With the publication of resolution N ° DGT-R-44-2016, technical and practical
See MorePanama: TP documentation requirements and Arm’s length principle
Decree 390 was published in the Official Gazette on 25 October 2016 to regulate the arm’s length principle established in the Fiscal Code and establishes Transfer Pricing documentation requirements. The Decree will enter into force on 1 January
See MoreUS: US signed FATCA agreement with Antigua and Barbuda
Antigua and Barbuda and the United States signed a Foreign Account Tax Compliance Act (FATCA) Agreement, 7 November 2016. Details of agreement will be reported subsequently. Under the agreement, Foreign Financial Institutions (FFIs) in Antigua and
See MoreUS: FATCA agreement between US and St. Lucia entered into force
Foreign Account Tax Compliance Act (FATCA) agreement between US and St. Lucia has been entered into force on 1 September, 2016. The agreement was signed on 19 November 2015 to improve international tax compliance with respect to the US Foreign
See MoreUS: FATCA agreement between US and Panama entered into force
Foreign Account Tax Compliance Act (FATCA) agreement between US and Panama has been entered into force on 25 October, 2016. The agreement was signed on 27 April, 2016 with the aim of exchange of information related to
See MoreUnited States: ADD/CVD Roundup for October 2016
Following table shows the Federal Register notices related to ADD/CVD cases for October 2016 in United States. Country Product Investigations Case Number Details Argentina Lemon Juice Continuation of Suspension of Antidumping
See MorePGA Highlights: October 2016
In the United States the following events have taken place under the several PGA during the month of October 2016. Agencies Summary Federal Register NAFTA: Applications for inclusion on the Chapter 19 Roster: The Office of the United States
See MoreChile: Document regarding tax reform publishes
The tax administration has published a document entitled ‘Keys to Understanding the Tax Reform’ on 7th October 2016 on its website. The purpose of this document is to explain the opportunity of the tax reform. The document includes questions and
See MoreTIEA between Chile and Jersey approved by Jersey
The Exchange of Information Agreement (2016) between Chile and Jersey has been approved by Jersey's States Assembly on 11th October
See MoreMexico: Amendments of transfer pricing rules
Mexico’s Tax Administration Service (SAT) on July 14 published two important transfer pricing rules in the Third Resolution on Amendments to the Omnibus Tax Bill for 2016. Rule No. 3.9.5 of Resolution on Amendments to the Omnibus Tax Bill for 2016
See MoreUruguay-tax measures included in approved accountability Bill
The Chamber of Deputies of Uruguay approved the accountability bill on 5 October 2016 after it was modified by both the deputies and the senators' chambers. According to the approved accountability bill the adjustment for inflation for corporate
See MoreColombia: 32.99% effective annual interest for late payment of tax due
According to a recently published administrative regulation 1233 of 2016, the Financial Supervisory Authority of Colombia provided the effective annual interest rate applicable in the case of late payment of taxes. The late payment interest rate is
See MoreDTA between Argentina and Chile enters into force
The Income and Capital Tax Treaty (2015) between Argentina and Chile has been entered into force on 11th October 2016 and the treaty generally applies from 1st January 2017 in Argentina for withholding and other taxes and 1st January 2010 in Chile
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
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