Asia-Pacific
Asia-Pacific
Asia-Pacific
Asia-Pacific
Africa
Africa
Asia-Pacific
Asia-Pacific
Asia-Pacific
Asia-Pacific
Asia-Pacific
Africa
17 nations placed on EU blacklist of tax havens
Davide Anghileri of the University of Lausanne discusses the EU’s tax blacklist, released December 5, which identifies 17 “non-cooperative jurisdictions” and warns many others that they could be listed in the future if they do follow through with commitments to improve specified aspects of their tax regimes . . .
Asia-Pacific
Asia-Pacific
Asia-Pacific
Asia-Pacific
EU, China sign customs cooperation agreement
The European Union and China on June 2 signed a customs cooperation agreement covering the years 2018–2020, providing the priorities for EU-China customs cooperation, writes Davide Anghileri . . .
Americas
Japan, Bahamas agree to automatic exchange of financial information for tax purposes
Japan and the Bahamas on February 9 signed a protocol to their tax information exchange agreement (TIEA), agreeing to upgrade the agreement by providing for automatic exchange . . .
Europe
Switzerland announces entry into force of tax treaties with Liechtenstein, Oman
Davide Anghileri of the University of Lausanne discusses Switzerland’s new tax treaties with Liechtenstein and Oman . . .
Featured News
Vietnam publishes draft transfer pricing law to combat tax avoidance
Chau Huy Quang and Cao Dang Duy of Rajah & Tann LCT Lawyers, Hanoi, discuss a new Vietnam draft law which would establish uniform transfer pricing rules, including an expansive definition of “related party transactions,” and impose new conditions on the deductibility of common expenses arising between related parties, such as interest and service fees . . .
Asia-Pacific
New Zealand to enhance tax laws to combat MNE tax avoidance
New Zealand intends to introduce hybrid mismatch rules and will consult on new rules to prevent multinational corporations from stripping profits out of the country through excessive. . .
Asia-Pacific
Singapore joins BEPS project to fight multinational corporation tax avoidance
Singapore today announced that it will participate in the OECD/G20 base erosion profit shifting (BEPS) plan, adopting BEPS minimum standards, including country-by country. . .
Asia-Pacific
India issues draft tax rules on indirect transfers, seeks feedback on GAAR
India’s Central Board of Direct Taxes (CBDT) has issued draft tax regulations on the indirect transfer abroad of Indian assets and has requested stakeholder feedback on guidance to implement India’s general antiavoidance . . .
Americas
US confirms plan to begin bilateral APA negotiations with India
The US IRS today confirmed that, beginning February 16, the US competent authority will accept applications for Indian advance pricing agreements (APAs), citing. . .
Americas
Japan and Chile sign first tax treaty
Japan and Chile signed a tax treaty on January 22, the first such agreement between the nations, Japan’s . . .
Asia-Pacific
Cyprus-Georgia tax treaty enters into force
A tax treaty between Cyprus and Georgia entered into force on January 4, Cyprus’s Ministry of Finance . . .
Asia-Pacific
Africa
Asia-Pacific
Asia-Pacific
Asia-Pacific
Asia-Pacific
Africa
EU removes Bahamas, Saint Kitts and Nevis from tax blacklist, agrees on rules for intermediaries
MNE Tax contributing editor, Davide Anghileri, discusses a Council of the European Union May 25 meeting where EU States agreed on new rules for regulating intermediaries that design or promote tax planning schemes; new wording to be included in agreements with third countries on good governance in tax matters; and moving the Bahamas and Saint Kitts and Nevis from the EU’s tax blacklist list to its “gray list” . . . ,
Americas
Asia-Pacific
Singapore updates transfer pricing guidelines emphasizing compliance, introducing penalty regime
Eugene Lim of Providence Law Asia LLC discusses new updates to Singapore transfer pricing guidance, issued February 23, setting out enhancements to the arm’s length principle, adding new transfer pricing documentation requirements, and granting new powers of the Comptroller of Income Tax to make transfer pricing adjustments and impose surcharges and penalties for non-compliance . . .
Americas
Asia-Pacific
Asia-Pacific
Asia-Pacific
Australia consults on establishment of beneficial ownership registry
The Australian government is moving forward with efforts to establish a public register of the beneficial owners of companies to put an end . . .
Asia-Pacific
Asia-Pacific
India-Cyprus tax treaty enters into effect
The revised India-Cyprus tax treaty, signed November 18, has entered . . .
