Africa
Vietnam
Americas
Asia-Pacific
Africa
Asia-Pacific
Asia-Pacific
Africa
Asia-Pacific
Americas
Asia-Pacific
Asia-Pacific
Africa
Americas
US tax officials discuss coming country-by-country reporting guidance, treaties, other initiatives
The US intends to release tax guidance on country-by-country reporting for MNEs that addresses reporting for LLCs in US groups and for tiered partnerships, officials said at a December 15-16 tax conference. Officials also discussed just-released final regs on outbound transfers of goodwill, US tax treaty negotiations, and the pending EU State aid. . .
Asia-Pacific
Asia-Pacific
Duff & Phelps acquires Quantera Global Asia
Duff & Phelps, a global valuation and corporate finance advisor firm, announced May 16 that it has acquired Quantera Global Asia Holding, a transfer pricing . . .
Asia-Pacific
Asia-Pacific
Asia-Pacific
Asia-Pacific
Asia-Pacific
ASEAN
Asia-Pacific
Asia-Pacific
Vietnam becomes 100th member of “BEPS framework” to fight tax avoidance
The OECD on June 21 announced that Vietnam has pledged to work alongside other nations on the continuing the work of the OECD/G20 base erosion . . .
Asia-Pacific
Asia-Pacific
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 . . .
Americas
US and Vietnam sign Model 1 FATCA IGA, agreement not treated as “in effect”
The US Treasury Department updated its FATCA website on April 19, reporting that Vietnam has signed a Model 1 intergovernmental agreement (IGA) with the. . .
Americas
US weighing changes to draft model tax treaty provisions, negotiating new treaty with Luxembourg
The US is considering changes to draft US Model Income Tax Convention provisions released last May, including several changes to provisions that deny tax treaty benefits to related party payments that are subject to a special tax regime (STR) . . .
Asia-Pacific
Asia-Pacific
Africa
G20 finance ministers endorse plan for multilateral instrument to implement BEPS
G20 finance ministers have agreed to a plan to create a multilateral instrument to implement tax treaty-related measures under OECD/G20 the base erosion and profit shifting (BEPS) plan, the ministers said in a communique following their February 9-10 meeting in Istanbul . . .
Americas
US and Vietnam sign tax treaty
The US and Vietnam signed a tax treaty on July 7, the US government has . . .
Asia-Pacific
Protocol enhancing Hong Kong/Vietnam information exchange enters in force
The second protocol to the agreement between Hong Kong and Vietnam for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income has entered into force, Hong Kong’s Inland Revue Department (IRD) announced February 23. The protocol came into . . .
Asia-Pacific
Vietnam and Turkey sign double tax treaty
Vietnam and Turkey signed a double tax avoidance agreement during July 6-9 negotiations held in Turkey, reports Vietnam Breaking News.
Asia-Pacific
Vietnam cracks down on transfer pricing abuse
Vietnam’s campaign against transfer pricing abuse has yielded positive results, the Ministry of Finance said on Sept. 23.
At least 870 Vietnamese enterprises with foreign direct investment have been placed on a “black list” by tax inspectors . . .
Asia-Pacific
OECD holds Asia-Pacific regional meeting on BEPS
Tax officials from 21 Asia Pacific countries and organizations attended an OECD regional network meeting on base erosion and profit shifting (BEPS) designed to give more nations a voice in the development of OECD/G20 base erosion profiting shifting (BEPS) plan output. The meeting, held February 12–13 in Seoul, also . . .
Asia-Pacific
Asia-Pacific
Hong Kong gazettes orders implementing Korea treaty and Vietnam protocol
Orders made by Hong Kong’s Chief Executive in Council under the Inland Revenue Ordinance, to implement Hong Kong’s tax treaty with Korea, signed July 2014, and its second protocol . . .
