This content is from: Sponsored Indonesia introduces three business-friendly tax changes Aditya Wicaksono and I Dewa Made Agung Nugraha of GNV Consulting Indonesia look at three recent tax law amendments that impact withholding tax, deductions for human resource investment and income tax for certain taxpa... By Aditya Wicaksono & GNV Consulting & I Dewa Made Agung Nugraha October 31 2019
This content is from: Sponsored Italy amends its patent box regulation Antonella Della Rovere and Pietro Schipani of Crowe Valente/Valente Associati GEB Partners provide practical insights into the changes introduced by the new legislation. By Antonella Della Rovere & Crowe Valente/Valente Associati GEB Partners & Pietro Schipani October 29 2019
This content is from: Sponsored OECD releases updated proposal on digital era taxation Mark Martin and Thomas Bettge of KPMG in the US examine the OECD’s new proposals for a ‘unified approach’ to digital economy taxation, which are open to public comment until November 12. The OECD’s proactive stance sh... By KPMG US & Mark Martin & Thomas Bettge October 24 2019
This content is from: Global Data management sets the pace for tax transformation Tax directors and tax technologists agree on the value of the specific policy that managing data is the key to unlocking the potential of tax departments of the future. By Danish Mehboob October 24 2019
This content is from: Global Taxpayers hit the brakes on investment amid DST confusion Long-term planning and boardroom discussions have been made increasingly difficult because of the limited guidance on the scope of incoming digital service taxes (DST), tax directors have told ITR. By Danish Mehboob October 22 2019
This content is from: Direct Tax Taxpayers expect greater data certainty from the EU in 2020 Tax directors struggling with DAC6 hope the European Parliament will be able to provide greater certainty on how to use data in the EU. Yet this may mean more alignment on corporate tax policy. By Danish Mehboob October 18 2019
This content is from: Sponsored Preparing for the future of tax Companies, tax departments and tax professionals must leverage new technologies and cultivate their capabilities for the digital future. Jen Knickerbocker, Amanda Hale and Jeff Butt of Deloitte look at the roles they ... By Amanda Hale & Deloitte US & Jen Knickerbocker October 15 2019
This content is from: Sponsored Economic substance and arm's length - Mexico Oscar Campero and Yoshio Uehara of Chévez Ruíz Zamarripa y Cía analyse the requirements of economic substance and arm's length. By Chevez Ruiz Zamarripa & Oscar Campero & Yoshio Uehara October 15 2019
This content is from: Sponsored US inbound: IRS proposes new guidance for cloud transactions The Internal Revenue Service (IRS) has proposed new guidance regarding cloud transactions. By David Forst & Fenwick & West & Jim Fuller October 15 2019
This content is from: Sponsored Switzerland: Swiss-US double tax treaty protocol enters into force Brandi Caruso and Robin King of Deloitte summarise the notable changes introduced under the recently ratified 2009 protocol to the Swiss-US double tax treaty. By Brandi Caruso & Deloitte Switzerland & Robin King October 15 2019
This content is from: Sponsored Spain: Protocol of the Spain-US tax treaty enters into force Gonzalo Gallardo of Garrigues explains the changes to come following ratification of the Spain-US protocol. By Garrigues Spain & Gonzalo Gallardo October 15 2019
This content is from: Sponsored Russia: Supreme Court issues decision on allocation of costs to income Dmitry Garaev and Anastasia Avdonina of KPMG discuss the Supreme Court’s decision A47-9881/2017 of August 26 2019, which is of specific interest for companies receiving both operating profit and dividend income. By Anastasia Avdonina & Dmitry Garaev & KPMG Russia October 15 2019
This content is from: Sponsored Romania: The future of taxation in the digital era looks promising for Romania Miruna Enache of EY expounds high hopes for the further development potential and taxation of digital services in Romania. By EY Romania & Miruna Enache October 15 2019
This content is from: Sponsored New Zealand: New Zealand government updates tax reform priorities The New Zealand government has updated its short to medium-term priorities for tax reform by releasing a “refreshed” Tax Policy Work Programme (work programme). By Brendan Brown & Matt Woolley & Russell McVeagh October 15 2019
This content is from: Sponsored Luxembourg: Mandatory disclosure rules announced in Luxembourg On August 8 2019, the draft law that would transpose the EU tax intermediaries directive (Directive 2018/822, commonly referred to as DAC6) into Luxembourg legislation was introduced in Parliament. By Andras Gombkoto & Deloitte Luxembourg & Stephane Tilkin October 15 2019
This content is from: Sponsored Indonesia: Indonesia issues a flurry of tax-related regulations The Indonesian government, through the Minister of Finance (MoF), issued Regulation 116/PMK.04/2019 (PMK-116) on August 13 2019. By Charles Oetomo & GNV Consulting & Siti Ni’mah Fitriah October 15 2019
This content is from: Sponsored India: Analysing foreign portfolio investor taxation in India Foreign institutional investors (FII) have enjoyed a beneficial tax regime in India since the introduction of section 115AD of the Income-tax Act 1961 (Act), via the Finance Act 1993. By Dhruva Advisors & Mehul Bheda & Venkatraman Iyer October 15 2019
This content is from: Sponsored Greece: Analysing partial demergers The partial demerger type of restructuring was one of the not-so-few novelties introduced into Greece in the context of the major tax reform that took place in 2013. By EY in Greece & Konstantina Galli October 15 2019
This content is from: Sponsored China: China introduces new free trade zones and improved practices Since 2013 China has established an increasing number of free trade zones (FTZs) around the country. By Khoonming Ho & KPMG China & Lewis Lu October 15 2019
This content is from: Sponsored Chile continues with the modernisation of its tax system The Chilean government presented a Tax Modernisation Bill on August 23 2018. By Gabriela Varas & Gregorio Martínez & PwC Chile October 15 2019
This content is from: United Kingdom Tax Relief Because tax doesn’t have to be taxing. A less-than-serious look back at some of the quirkier tax stories from the past month. By ITR Correspondent October 15 2019
This content is from: Global Do new transparency obligations help us know our company better? Giles Parsons discusses the implications of transparency initiatives and offers his view over whether it is worth the effort of going beyond the legal requirements. By ITR Correspondent October 15 2019
This content is from: Sponsored Italy: Italy issues guidelines on prevention of tax evasion On August 8 2019, the Italian tax administration published Circular Letter N19/E. By Barbara Scampuddu & Gian Luca Nieddu & Hager & Partners October 15 2019
This content is from: Sponsored Brazilian tax authorities provide guidance on ‘debit to shareholders account’ transactions On July 1 2019, the Federal Brazilian Tax Authorities (RFB) published Solução de Consulta – Cosit 210/2019 (dated June 24 2019), providing that withholding tax should be levied at a rate of 15% on interest that is acc... By Mark Conomy & Priscila Vergueiro & PwC Brazil October 15 2019
This content is from: Direct Tax EU circular economy plans could cut tax costs for companies Antonio Lanotte explains why governments will need to redesign tax policies and how businesses could reduce their carbon footprint under a circular economy that may help the EU achieve its 2020 environment strategy. By Antonio Lanotte October 14 2019
This content is from: Direct Tax Americas Tax Awards 2019: The winners The top tax and transfer pricing experts from across the Americas congregated at Essex House in New York, on September 19, to celebrate the very best firms and individuals across a host of categories. By Anjana Haines October 14 2019
This content is from: Global The B Team presents its business case for responsible tax Rebuilding trust in the tax system is critical for operating companies and countries successfully. Ewan Livingston from The B Team explains how Responsible Tax Principles help companies manage their risks and reputation. By Ewan Livingston October 14 2019
This content is from: Global Tax transparency: Imperfect vision Keith Brockman questions whether tax transparency initiatives are really accomplishing their objectives, or if it is an imperfect vision that is being achieved. By Keith Brockman October 14 2019
This content is from: Sponsored Treading water Achieving transparency, whether as a taxpayer or tax authority, can often feel like you are treading water. By Anjana Haines October 14 2019
This content is from: Global New tax disputes tool necessary to advance digital tax debate Tax professionals say that advanced pricing agreements (APAs) and mutual agreement procedures (MAPs) are not enough to gain agreement on the OECD’s digital tax proposals. They believe another tool or process is necess... By Danish Mehboob October 14 2019
This content is from: Global Mixed views on the OECD’s proposed ring-fencing scope and nexus Taxpayers told ITR they remain ‘cautiously optimistic’ about the OECD’s proposal to narrow the scope and nexus in Pillar one of the digital tax debate to target consumer-facing companies with residual profit taxes. By Danish Mehboob October 11 2019
This content is from: Sponsored China: Looking ahead in a changing global environment The upcoming 2019 edition of ‘China Looking Ahead’ comes at a precarious and symbolically charged time, with the 12-year Chinese zodiac cycle about to end and a new one about to begin. KPMG China’s Head of Tax Lewis L... By KPMG China & Lewis Lu October 11 2019
This content is from: Global Data-driven tax audits add to digitalisation uncertainties Tax directors not using the same tools as tax authorities, including machine learning algorithms, are at risk of missing discrepancies caught during a tax audit. By Danish Mehboob October 04 2019
This content is from: Direct Tax Indian MNEs delay lower tax rates to utilise MAT credits Businesses with a large amount of minimum alternate tax (MAT) credits are choosing to use up the benefits before opting into India’s reformed corporate tax regime and losing the incentive. By Danish Mehboob October 03 2019
This content is from: Sponsored OECD statistics show continued effectiveness of MAP cases globally and in US Mark Martin and Thomas Bettge of KPMG in the US examine recent OECD statistics on mutual agreement procedure cases, showing that such cases continue to be resolved effectively both in the US and around the world. By KPMG US & Mark Martin & Thomas Bettge October 03 2019
