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Asia-Pacific

Americas

China, India, Canada, Iceland, Israel, New Zealand agree to exchange of country-by-country transfer pricing reports

May 12, 2016

Officials from six countries today signed a multilateral agreement that sets out the parameters for the automatic exchange of country-by-country reports on large multinational corporations. China, India, Canada, Iceland, Israel, and New Zealand joined 33 other countries that have . . . 

Americas

US and Vietnam sign Model 1 FATCA IGA, agreement not treated as “in effect”

April 19, 2016

The US Treasury Department updated its FATCA website on April 19, reporting that Vietnam has signed a Model 1 intergovernmental agreement (IGA) with the. . .

Asia-Pacific

UAE signs tax treaty with United Kingdom

April 19, 2016

The United Arab Emirates and the United Kingdom signed a tax treaty . . .

Asia-Pacific

India revises transfer pricing audit procedures: EY→

March 14, 2016

See: EY

Africa

Singapore’s tax treaties with Rwanda and Thailand enter into force

February 16, 2016

The Inland Revenue Authority of Singapore has announced that tax treaties signed with Rwanda and Thailand entered into force . . .

Asia-Pacific

Australian guidance clarifies proposed GST law applicable to supplies by nonresidents

February 15, 2016

The Australian Taxation Office (ATO), on February 15, issued draft guidance elaborating upon proposed goods and services tax (GST) legislation introduced by the government last week. The guidance concerns aspects of new rules which would narrow the current test for determining when the enterprise of a nonresident . . . 

Asia-Pacific

India, UK sign bilateral advance pricing agreements 

February 1, 2016

India and the UK have signed two bilateral advance pricing agreements (APAs) to resolve transfer pricing disputes, the first such agreements between the nations, India’s . . .

Asia-Pacific

India, China sign tax treaty protocol

November 28, 2018

Indian and Chinese officials signed a protocol to the India-China tax treaty . . .

Americas

US, Singapore sign tax information, FATCA agreements

November 26, 2018

The US and Singapore governments signed a new agreement for the exchange . . .

Asia-Pacific

Singapore-Latvia tax treaty protocol enters into force

August 8, 2018

A protocol amending the tax treaty between Singapore and Latvia entered into . . .

Americas

US announces tariffs on 1000+ Chinese goods beginning in July: Ana Swanson / The New York Times→

June 15, 2018
Asia-Pacific

Kazakhstan ratifies protocol modifying tax treaty with India

February 8, 2018

Kazakhstan has ratified amendments to a tax treaty signed with India . . .

Asia-Pacific

Singapore tax bill passes Parliament: PWC→

October 26, 2017
Asia-Pacific

Singapore to require customer, not supplier, to account for GST in some transactions

September 22, 2017

Singapore will change the goods and services tax (GST) rules applicable to business-to-business transactions involving mobile phones, memory cards, and off-the shelf hardware in an effort to . . .

Asia-Pacific

Indonesia amends CFC rules: KPMG→

August 28, 2017
Asia-Pacific

Cambodia, Thailand make progress on tax treaty: Hor Kimsay / Phnom Penh Post→

July 24, 2017
Asia-Pacific

Hong Kong, Ireland agree to automatic exchange of information for tax purposes

June 12, 2017

Hong Kong and Ireland on June 8 signed an agreement for the automatic exchange of financial account information in tax matters beginning 2018, the Hong Kong government . . .

Asia-Pacific

Chevron to appeal transfer pricing decision in High Court: Fox→

May 19, 2017
Americas

Hong Kong signs AEOI pacts with Belgium, Canada, Guernsey, Italy, Mexico and  Netherlands

March 20, 2017

Hong Kong signed treaties with six countries on March 16 for the automatic exchange of financial account information (AEOI) in tax. . .

Americas

Japan, Panama tax information exchange agreement to enter into force

February 16, 2017

A tax information exchange agreement between Japan and Panama, signed August 25, 2016, will enter into force on March 12, Japan’s Ministry . . .

Asia-Pacific

Taiwan adopts VAT on cross-border electronic services

December 21, 2016

Taiwan’s Ministry of Finance (MOF) has announced that on December 9 the Legislative Yuan passed a law imposing VAT on supplies of cross-border electronic services made to . . .

No Picture
Asia-Pacific

Switzerland agrees to automatic exchange of information with Israel, New Zealand, San Marino

December 2, 2016

Switzerland has signed joint declarations on the introduction of automatic exchange of information in tax matters with Israel, New Zealand, and San Marino, writes Davide Anghileri, a researcher at the University of Lausanne . . .

Asia-Pacific

Australian parliamentary inquiry to address multinational oil and gas company tax avoidance: The Sydney Morning Herald→

November 29, 2016

See: Sydney Morning Herald.

Asia-Pacific

Taiwan law imposing VAT on foreign online sales to consumers passes legislative hurdle

September 27, 2016

Taiwan’s Ministry of Finance (MOF) has announced that on September 22 the executive branch, or Executive Yuan, has passed a proposed law imposing VAT on supplies of cross-border electronic . . .

Asia-Pacific

Jersey publishes text of new tax treaty with UAE

May 18, 2016

The goverment of Jersey has posted on its website the text of its new tax treaty and protocol with the United Arab Emirates. The treaty . . .

Asia-Pacific

India to soon begin negotiations with Singapore to clarify capital gains under tax treaty, source says: Deepshikha Sikarwar / The Economic Times→

May 12, 2016

See: The Economic Times.

Asia-Pacific

Hong Kong/Latvia tax treaty sets low withholding rates, text available

April 14, 2016

Hong Kong and Latvia on March 13 signed a tax treaty and protocol in . . .

Asia-Pacific

India and Maldives sign agreements on exchanging tax, airline income

April 11, 2016

Tax officials from India and Maldives on April 11 signed a tax information exchange agreement (TIEA) and an agreement providing airlines with relief from double taxation, Indian’s Central Board of . . .

Asia-Pacific

India announces resolution of 180 double taxation cases

February 17, 2016

India’s Central Board of Direct Taxes (CBDT) has announced that India has resolved 180 double taxation disputes since April 1, 2014. The cases, worth a combined Rs 5000 crore (USD 730 million), were settled . . .

Asia-Pacific

Transfer pricing specialist Bhavik Timbadia joins BMR

February 16, 2016

BMR & Associates has announced that Bhavik Timbadia has joined the firm’s transfer pricing team as a partner. Timbadia will work out of the firm’s . . .

Asia-Pacific

Japan negotiating tax treaty with Slovenia

January 19, 2016

The Ministry of Finance of Japan has announced Japan and Slovenia will begin their first round of negotiations . . .

Americas

Canada and Taiwan sign tax agreement, text available

January 18, 2016

Taiwan and Canada have signed an arrangement to avoid double taxation, Canada’s Department of Finance announced today. The . . .

Asia-Pacific

China/Hong Kong protocol clarifying taxation of investment funds enters into force

January 13, 2016

The fourth protocol to the China/Hong Kong income tax arrangement, signed April 1, 2015, entered into force on December 29, 2015, the Hong Kong Inland Revenue Department . . .

Africa

Ireland tax treaty update: agreements with Zambia, Germany, Luxembourg enter into force; pacts with Ethiopia, Pakistan ratified; new treaty with South Africa under negotiation

January 12, 2016

Ireland’s tax treaty with Zambia and protocols to tax treaties with Germany and Luxembourg have entered into force and effect, Irish Tax and Customs. . .

Asia-Pacific

MNEs to pay fines rather than comply with Australian country-by-country reporting rules: Agnes King / Financial Review→

January 7, 2016

See: Finanical Review.

Asia-Pacific

Hong Kong proposes concessionary tax regime to lure corporate treasury centers away from Singapore

January 5, 2016

Stefano Mariani, a lawyer and lecturer at Hong Kong University, details proposed tax concessions designed to boost Hong Kong’s appeal as a location for multinationals to centralize and manage regional treasury activities.

Asia-Pacific

India clarifies “place of effective management” test for determining corporate tax residency

January 4, 2016

The Indian government has released key guidance on the interpretation and application the new “place of effective management” (POEM) test to determine corporate residency for tax purposes, writes lawyer Ashish Goel.

Asia-Pacific

Singapore updates transfer pricing guidelines

January 4, 2016

Singapore’s Inland Revenue Authority (IRAS) on January 4 published the third edition of its transfer pricing guidelines, adding new information on the cost plus method and changing the guidance to reflect Singapore’s . . .

Africa

Luxembourg announces new tax treaty with Serbia; entry into force of protocols with Ireland, Mauritius, Lithuania and UAE; and law approving tax treaties with six other nations

December 31, 2015

The government of Luxembourg has announced that protocols signed with Ireland, Mauritius, Lithuania and United Arab Emirates entered into force on December 11 and . . . 

Posts navigation

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RECENT COMMENTS
  • Khaled Al Zaabi on Spanish government proposes digital services tax: “We are seeking assistance with Digital Assets and International Tax Consulting to help Abu Dhabi UAE Oil Company navigate the…” October 24 ,2024
  • Emma Hinson Sims on The Pillar One blueprint — the potential future of international taxation and transfer pricing: “HAPPY BIRTHDAY TO A VERY SMART, BEAUTIFUL, YOUNG LADY ON JANUARY 13TH.” January 6 ,2024
  • David Valdez on US Tax Court resolves Whirlpool tax dispute involving Mexican maquiladora structure: “Greetings Whirlpool Mexico, I’m trying to contact someone involved with the decision making for transportation from all of your Mexican…” October 20 ,2023
  • Jose Dominguez on The new US international tax rules: what you need to know about GILTI, FDII, BEAT etc.: “Very informative article. Question. Do you have a software to compute these US International Calcs to make them in house?” April 12 ,2023
  • Ciro César Soriano de Oliveira on Danish High Court rules on beneficial ownership of dividends for tax purposes: “Dear Ms Susi, This article is immensely clarifying. I’d like to know whether Danish Supreme Court has already granted its…” March 24 ,2023

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Latest

  • Policy Paper: Transfer pricing documentation
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Recent Comments

  • Khaled Al Zaabi on Spanish government proposes digital services tax: “We are seeking assistance with Digital Assets and International Tax Consulting to help Abu Dhabi UAE Oil Company navigate the…” October 24 ,2024
  • Emma Hinson Sims on The Pillar One blueprint — the potential future of international taxation and transfer pricing: “HAPPY BIRTHDAY TO A VERY SMART, BEAUTIFUL, YOUNG LADY ON JANUARY 13TH.” January 6 ,2024
  • David Valdez on US Tax Court resolves Whirlpool tax dispute involving Mexican maquiladora structure: “Greetings Whirlpool Mexico, I’m trying to contact someone involved with the decision making for transportation from all of your Mexican…” October 20 ,2023
  • Jose Dominguez on The new US international tax rules: what you need to know about GILTI, FDII, BEAT etc.: “Very informative article. Question. Do you have a software to compute these US International Calcs to make them in house?” April 12 ,2023
  • Ciro César Soriano de Oliveira on Danish High Court rules on beneficial ownership of dividends for tax purposes: “Dear Ms Susi, This article is immensely clarifying. I’d like to know whether Danish Supreme Court has already granted its…” March 24 ,2023

R&D Tax Credit News

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Accounting & Reporting News

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    April 13, 2022
  • US Senate Finance Committee Chair Ron Wyden requests pharmaceutical company Merck explain its tax accounting practices, as it reports just 14% of pretax income in the US despite US market being home to 46% of global sales: Ron Weyden / US Senate Committee on Finance→
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  • UK Supreme Court holds on the tax deductibility of employee share options required under IFRS 2
    March 29, 2022
  • Annual vs. quarterly provision: Howard Telson / CrossBorder Solutions→
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Transfer Pricing News

  • New CbC Reporting Requirements to Apply in Kenya
    July 7, 2022
  • The Evolution of Transfer Pricing in Saudi Arabia
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  • The Functional Analysis—What You Need to Know
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US tax focus

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Trending Now

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  • OECD lists countries agreeing to country-by-country reporting exchange by Staff | posted on May 4, 2017
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  • The economics of leasing and the arm’s length standard by Dr. Harold McClure | posted on October 9, 2020

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