Bulgaria-US: FATCA agreement entered into force
In accordance with a declaration made in the Bulgarian State Gazette on 26th June 2015, the FATCA Model 1B Agreement (2014) between Bulgaria and United States has entered into force on 30th June 2015. An intergovernmental agreement (IGA) for the
See MoreUS: IRS Issued New Revenue Procedures on Competent Authority and Advance Pricing Agreement
The IRS has issued two revenue procedures on August 12, 2015 with details guidance to request assistance from the US competent authority under income tax treaties and to obtain an advance pricing agreement (APA) program. The proposed version of
See MoreUS: IRS Issues Notice 2015-54 Limiting Ability to Transfer Property to a Partnership Tax Free
The IRS and Treasury published Notice 2015-54 on August 6, 2015 modifying the rules applicable to the contribution of built-in gain property to a partnership. Under the Notice, a U.S. transferor is required to recognize any built-in gain on the
See MoreUS Treasury to develop regulations implementing CbC reporting requirement
US Treasury announced on 31 July 2015 that the US government intends to develop regulations implementing the OECD/G20 base erosion and profit shifting (BEPS) action plan guidance on country-by-country (CbC) reporting by multinational
See MoreFATCA Agreement Signed between United States and Slovakia
Slovakia and the United States have signed a Foreign Account Tax Compliance Act (FATCA) agreement on 31 July 2015. This is a Model 1 Agreement. Under this reciprocal agreement, Slovakia will report the information required under FATCA about U.S.
See MoreUnited States: ADD/CVD Roundup for July 2015
Following table shows the Federal Register notices related to ADD/CVD cases for July 2015 in United States. Country Product Investigations Case Number Details Mexico Carbon and Certain Alloy Steel Wire Rod Notice of Court Decision Not in
See MorePGA Highlights: July 2015
In the United States the following events have taken place under the several PGA during the month of July 2015. Agencies Summary Link Federal Register Renewal of the GSP and archived application: The Generalized System of Preferences (GSP) is
See MoreRomania: Government approved the FATCA agreement with US
The Government approved the draft law for the ratification of the Agreement between Romania and the United States to improve international tax compliance and implementation of FATCA on 10 June 2015. The agreement was signed in Bucharest on 28 May
See MoreTurkey-United States FATCA agreement signed
The FATCA agreement (2015) between Turkey and United States has been signed on 29th July 2015. Details of the agreement will be reported
See MoreFATCA Agreement Signed between United States and Philippines
The Philippines and the United States have signed a Foreign Account Tax Compliance Act (FATCA) agreement on 13 July 2015. This is a Model 1 Agreement. Under this reciprocal agreement, the Philippines will report the information required under FATCA
See MoreFATCA Agreement Signed between United States and India
India and the United States have signed a Foreign Account Tax Compliance Act (FATCA) agreement on 09 July 2015. This is a Model 1 Agreement. Under this reciprocal agreement, financial institutions in India will report the information required under
See MoreFATCA Agreement Signed between United States and Georgia
Georgia and the United States have signed a Foreign Account Tax Compliance Act (FATCA) agreement on 10 July 2015. This is a Model 1 Agreement. Under this reciprocal agreement, financial institutions in Georgia will report the information required
See MorePGA Highlights: June 2015
In United States, the following events have been taken place under the several PGA during the month of June 2015. Agencies Summary Link Federal Register Hazardous Materials Safety Permit (HMSP) program implemented: The Secretary of the U.S.
See MoreUnited States: ADD/CVD Roundup for June 2015
Following table shows the Federal Register notices related to ADD/CVD cases for June 2015 in United States. Australia Silicomanganese Postponement of Preliminary Determination of Antidumping Duty Investigation A-602-808 See the Federal Register
See MoreFATCA Agreement Signed between United States and South Korea
South Korea and the United States have signed a Foreign Account Tax Compliance Act (FATCA) agreement on 10 June 2015. This is a Model 1 Agreement. Under this reciprocal agreement, financial institutions in South Korea will report the information
See MoreUS Signs FATCA Agreement with UAE
The United States and the United Arab Emirates have signed their Foreign Account Tax Compliance Act (FATCA) intergovernmental agreement, the text of which was initialed in May last year. FATCA is intended to ensure that the US obtains information on
See MoreUnited States: ADD/CVD Roundup for May 2015
Following table shows the Federal Register notices related to ADD/CVD cases for May 2015 in United States. Belgium Stainless Steel Plate in Coils Antidumping or Countervailing Duty Order, Finding, or Suspended Investigation; Opportunity To
See MorePGA Highlights: May 2015
In United States, the following events have been taken place under the several PGA during the month of May 2015. Agencies Summary Link Federal Register Notice of intent to distribute offset for Fiscal Year 2015: According to the continued
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