More News–MNE Tax

Asia-Pacific

New Zealand proposal would impose GST on foreign online low-value sales

October 17, 2018

New Zealand’s Minister of Revenue today announced proposed new GST rules applicable to online . . .

Asia-Pacific

Saudi Arabia publishes English-language VAT guides

October 5, 2018

The Saudi Arabia tax authority has published English-language versions of four . . .

Asia-Pacific

New Zealand passes BEPS bill to prevent multinational tax avoidance

June 27, 2018

New Zealand’s parliament has passed the Taxation (Neutralising Base Erosion and Profit Shifting) Bill, aimed at curtailing tax avoidance by multinationals, Revenue Minister . . .

Africa

South Africa releases guide on resolving cross-border tax disputes

May 23, 2018

The South African Revenue Service (SARS) has produced a draft guide on the mutual agreement procedure(MAP) which allows the . . .

Americas

Cayman Islands issues notice on country-by-country reporting for multinationals

February 9, 2018

The Cayman Island government on February 2 published an advisory for multinational corporations on country-by-country reporting in advance of the release of planned guidance on the topic. The government . . .

More News

UN publishes tax committee working methods and practices

May 7, 2019

The UN today published a document outlining the practices and working methods . . .

Europe

Ireland sets out plan to exchange info with other EU States on private tax rulings signed with multinationals

May 7, 2018

Irish Revenue, on May 7, updated its tax guidance to include its plan to implement an EU directive requiring governments to automatically exchange information with other EU States about the private cross-border tax rulings and advance pricing agreements they sign with multinational . . .

Europe

Irish tax authority clarifies transfer pricing rules for low-value intra-group services

March 19, 2018

Irish Revenue on March 15 provided new guidance taxpayers on Ireland’s simplified transfer pricing approach to low-value intra-group . . .

Europe

Ireland updates tax rules on capital allowances for intangible assets

February 5, 2018

Irish Tax and Customs on February 2 updated its tax and duty manual to reflect changes made in Finance Act 2017 that limit capital allowances for intangible assets plus deductions for related . . .

Europe

Commission publishes opening decision in Huhtamäki state aid probe

May 7, 2019

The EU Commission on May 3 published . . .

Asia-Pacific

Hong Kong extends CbCR deadline

March 25, 2019

The Hong Kong government has extended the deadline for Hong Kong entities . . .

Africa

South African Revenue to revive large business unit

August 24, 2018

The South African Revenue Service (SARS) today announced it will revive its . . .

Americas

US IRS again delays foreign currency tax regs

June 13, 2018

The US IRS today announced that it will further extend the due date of section 987 final and temporary regulations dealing with the taxation of foreign currency gains and losses. The regulations were originally published . . .

Europe

UK government seeks help drafting law to close “profit fragmentation” tax loophole

April 10, 2018

The UK government today opened a consultation on a proposal, announced in Autumn Budget 2017, to shut down tax avoidance schemes involving UK traders and professionals using a device called “profit fragmentation.” The government . . .

Africa

Mauritius signs MLI to combat multinational tax avoidance

July 5, 2017

As expected, Mauritius today signed the the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the MLI). If ratified, Mauritius’ action . . .

Switzerland’s revised VAT regime to enter into force in 2018

June 2, 2017

The partial revision of Switzerland’s Value Added Tax Act will come into force on 1 January 2018, writes Davide Anghileri of the University of Lausanne . . .

Asia-Pacific

India stays operation of circular on taxation of indirect transfers of assets

January 17, 2017

India’s finance ministry on January 17 announced that it will suspend the operation of a circular issued last month concerning the taxation in India of indirect transfers of Indian assets through offshore . . .

Americas

US IRS issues corrections to inversion regulations

June 23, 2016

The US IRS on June 23 issued corrections to final and temporary regulations (TD 9761) published April 8 dealing with inversions . . .

Americas

Panama, Bahrain, Lebanon, Nauru, Vanuatu pledge to combat tax evasion through automatic information exchange

May 11, 2016

Panama was among five countries that this week pledged to share financial account information automatically with other countries, the OECD . . .

Europe

Guernsey, Isle of Man, Jersey publish tax guidance on economic substance

May 7, 2019

The governments of Guernsey, Isle of Man, and Jersey on April 26 jointly published draft tax guidance on economic substance . . .

Asia-Pacific

Hong Kong gazettes R&D tax incentive

November 2, 2018

The Hong Kong government today published in the official gazette a new law increasing the tax deduction for . . .

Asia-Pacific

US, Austria sign agreement to exchange country-by-country reports on multinationals

August 24, 2018

The US and Austria have signed a competent authority agreement to exchange country-by-country reports on multinationals operating in their countries, US Treasury . . .

Asia-Pacific

UAE joins “Inclusive Framework on BEPS”

May 16, 2018

The OECD today announced that the United Arab Emirates has become the 116th jurisdiction to join the . . .

Asia-Pacific

India-Kuwait tax treaty protocol enters into force

May 7, 2018

India’s Central Board of Direct Taxes on May 7 announced that a protocol amending the 2006 India-Kuwait double tax treaty . . .

EU Parliament votes for common consolidated tax base

March 18, 2018

The European Parliament on March 15 voted in favor of a plan to establish a common consolidated corporate tax base (CCCTB) in the EU. The CCCTB, passed . . .

Europe

European court to hear German exit tax case as applied to Switzerland

January 16, 2018

The European Court of Justice on January 15 published a reference for a German case (C-581/17) Martin Wächtler . . .

Africa

Bahamas and Zambia join Inclusive Framework on BEPS

December 17, 2017

The Bahamas and Zambia have joined the Inclusive Framework on Base Erosion and Profit Shifting (BEPS), the OECD announced December 14. The addition of the two nations brings to 110 the total number of countries . . .

Asia-Pacific

Oman joins the “Inclusive Framework on BEPS” to fight multinational tax avoidance

October 23, 2017

Oman has joined the “Inclusive Framework on BEPS,” becoming the 103 country to join, the OECD announced October 20. The framework is aimed at curtailing multinational group tax avoidance and improving resolution of tax disputes between nations. By joining the . . .

Americas

Former US Treasury officials dispute proposed tax regulations combating inversions

April 18, 2016

A group of 18 former US Treasury Department officials today sent a letter to Treasury Secretary Jacob J. Lew, urging the government to reconsider recently issued tax regulations aimed at stopping US companies . . .

Asia-Pacific

Japan, Greece to commence tax treaty negotiations

May 7, 2019

Japan’s Ministry of Finance has announced that . . .

Asia-Pacific

Australian tax office issues guidance on targeted integrity rules for hybrid mismatches

April 9, 2019

The Australian Taxation Office (ATO) on April 5 issued . . .

Asia-Pacific

Georgia deposit MLI ratification instrument

April 1, 2019

Georgia has deposited . . .

Asia-Pacific

Australia updates tax guidance on central managment and control test

December 6, 2018

The Australian Taxation Office on December 5 issued an update to draft guidance . . .

Asia-Pacific

New Zealand announces new R&D tax incentives

October 3, 2018

The New Zealand government today proposed a new research and development (R&D) tax incentive package designed to promote investment. Legislation providing for the credit will . . .

Americas

Indonesia waives local tax filing requirement for US-parented multinationals

April 28, 2018

Indonesia will not impose local filing obligations on constituent entities of US multinational groups tax resident in Indonesia respect to fiscal years commencing on or after January 1, 2016, even if the US and Indonesia do not reach a competent . . .

Americas

US IRS publishes final tax regs on allocation of research credit

March 28, 2018

The US IRS today published final regulations on allocation of the credit for increasing research activities among corporations and trades or businesses under common . . .

Americas

Anguilla joins”Inclusive Framework on BEPS” to fight MNE tax avoidance

March 6, 2018

Anguilla has joined the “Inclusive Framework on BEPS,” a group of now 113 nations that have pledged to work together to implement the OECD/G20 base erosion profit shifting (BEPS) project outcomes, the OECD announced . . .

Americas

US IRS provides instructions for amending country-by-country reports on multinationals

January 18, 2018

The US IRS today updated its frequently asked questions on country-by-country reporting to address how a US multinational enterprise (MNE) should proceed if it needs to to modify or correct a submitted Form 8975 and Schedule A. The Service said . . .

Asia-Pacific

Australia’s diverted profit tax clarified in new guidance

December 21, 2017

The Australian Taxation Office (ATO) on December 18 published two sets of guidance further clarifying it’s a diverted profits tax on large multinationals. The tax . . .

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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