Finland: Court decides two transfer pricing cases concerning intra-group services

19 October, 2017

Recently, the Finnish Supreme Administrative Court has issued two new pre-orders on transfer pricing rules, KHO: 2017: 145 and KHO: 2017: 146. The ruling defines the policy for transfer pricing for intra-group services and how to determine the

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TIEA between Finland and the U.A.E. enters into force

18 October, 2017

On 13 October 2017, the tax information exchange agreement between Finland and the United Arab Emirates entered into force. The agreement was signed on 27 March 2016. The agreement is the first of its kind between the two countries and applies to

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U.S. signs agreements on the exchange of CbC reports with five countries

08 October, 2017

According to an IRS announcement on its website, it has signed separate agreements with the Czech Republic, Finland, Greece, Italy, and Sweden to exchange country-by-country reports on multinationals. Country-by-Country reporting data will be

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Pakistan: Cabinet approves amending taxation treaties with Finland, Italy, and Turkey

13 September, 2017

The federal cabinet on 7 September 2017, approved amending the existing conventions of avoidance of double taxation treaties with Finland, Italy, and Turkey. The cabinet, which chaired by Prime Minister Shahid Khaqan Abbasi, given approval to amend

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Finland: Tax administration publishes guidance on the allocation of profits to PEs

17 July, 2017

On 13 June 2017, the Tax Administration published guidance on the allocation of profits to a permanent establishment (PE). A permanent establishment in Finland is liable to Finnish taxation on profits arising in Finland. Permanent establishment

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Finland signs multilateral tax treaty convention

12 June, 2017

Finland has signed the Multilateral Convention ("Multilateral Instrument" or "MLI") to implement tax treaty related measures to prevent base erosion and profit shifting (BEPS). On 7 June 2017, the Minister for Foreign Trade and Development Kai

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Finland: Ministry of Finance declares their commitment to exchange CbC reports

12 March, 2017

Finland is committed to the exchange of the country-by-country (CbC) report. On March 8, 2017, an official Gazette was published by the Ministry of Finance. The Gazette states that the government is willing to comply with the Multilateral Competent

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Finland: Tax administration issues an updated version of the guidance on withholding taxes

15 February, 2017

An updated version of the guidance on withholding tax on dividends, interest and royalties paid to non-residents has recently been published by the Finnish Tax Administration. According to updated version, foreign corporate entities and foreign

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Finland-Turkmenistan DTA entered into force

13 February, 2017

The income tax treaty between Finland and Turkmenistan entered into force on 10 February 2017. The agreement was signed in the capital city of Turkmenistan, Ashgabat, in December 2015. The agreement follows the model tax treaty of the OECD,

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Finland: E-services rule to reduce VAT refund fraud

31 January, 2017

The Finnish government is going to add e-service rule in value added tax system from February 1 to mitigate the VAT refund fraud. Taxpayers who are registered for value-added tax must use the MyTax e-service when providing their bank account

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TIEA between Finland and UAE ratified

24 January, 2017

The Exchange of Information Agreement of 2016 regarding tax matters (TIEA) between Finland and United Arab Emirates (UAE) has been ratified on 15th January 2017 by United Arab Emirates. The treaty has been ratified by the way of Decree No.

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Finland: Parliament ratifies DTA with Portugal

05 January, 2017

The Finnish Parliament on 21 December 2016 approved the income tax treaty between Finland and Portugal. The treaty was signed on 7 November 2016 in Brussels. The new agreement will be replaced by the existing Finland-Portugal Income and Capital

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Finland: Parliament ratified DTA with Sri Lanka

05 January, 2017

The Finnish Parliament on 16 December 2016 approved the double taxation agreement between Finland and Sri Lanka which was signed on 6 October 2016 in Colombo. The new treaty will be replaced by the existing Income and Capital Tax Treaty (1982)

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Finland: Parliament ratifies income tax treaty with Turkmenistan

05 January, 2017

The Finnish Parliament on 16 December 2016 approved the income tax treaty between Finland and Turkmenistan. Turkmenistan has informed that it completed its own procedures at the beginning of 2016. The agreement was signed in the capital city of

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Finland: Parliament approved the Budget bill for 2017

27 December, 2016

The Finnish parliament approved the budget bill for 2017 on 21 December 2016. The budget proposal was submitted to parliament by Finance Minister on 12 August

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Finland: Tax authority published the social security contribution rates for 2017

15 December, 2016

The Finnish tax authority published, on 14 December 2016, the applicable rates of social security contributions payable by employees and employers for 2017. For employees: A health insurance contribution consisting of two components; a health

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Finland: Parliament approved new transfer pricing documentation requirements

07 December, 2016

The Finnish Parliament on 23 November 2016 approved legislation regarding new transfer pricing documentation requirements on country-by-country (CbC) reporting, Master file and Local file measures, and penalty provisions. The documentation

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Finland: Income received from China on mobile games treated as royalties

29 November, 2016

The Finnish supreme administrative court issued an order that income on mobile games received by the Finnish company from the Chinese company, under the agreement, constituted royalties in accordance with the treaty. The issue in this case was

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