With a stark divergence between MNEs that prepared early and those rushing to catch up, advisers must remain agile with all manner of compliance risks
The EU agreed new cooperative and investigative measures to tackle VAT fraud, while Hungary faced legal action and Lavez Coutinho expanded its indirect tax team
The arrival of a team from Brazilian rival Costa Tavares Paes Advogados brings SiqueiraCastro’s tax headcount to seven partners and 30 associates
CSR initiatives can sometimes venture into virtue signalling, but Ryan’s tax literacy event for schoolchildren was a genuine and necessary endeavour
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Sponsored by insightsoftwareJoin KPMG and insightsoftware on June 25 as ITR presents a free webinar on the evolving role of tax professionals and how technology is driving the transformation -
Sponsored by GNV ConsultingRatna Shakira Lie and Yoan Putra Muda of GNV Consulting explain Indonesia’s new tax guidance on insurance accounting changes, addressing the transition to PSAK 117 and its implications for income recognition and compliance
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Sponsored by GNV ConsultingRatna Shakira Lie and Yoan Putra Muda of GNV Consulting outline Indonesia’s relaxation of sanctions for late 2025 corporate income tax returns and payments, alongside updated rules on preliminary refunds and compliance requirements
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Alexander Grinko On June 7 2017, Russia signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profits Shifting (the MLI).
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Burçin Gözlüklü Ramazan Biçer The Turkish National Assembly has recently passed a law ratifying the Convention on Mutual Administrative Assistance in Tax Matters. The OECD has also issued a notification that Turkey is the 88th country to sign the Multilateral Competent Authority Agreement on Automatic Exchange of Information.
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Ragna Flækøy Skjåkødegård The Ministry of Finance recently published its letter of notification of the tonnage tax regime to the EFTA Surveillance Agency (ESA), outlining the following alterations in the existing tonnage tax regime:
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Raoul Stocker Jacques Kistler The Swiss Federal Department of Finance (SFDF) said on April 10 2017 that the designated Steering Committee of the Swiss Federation and the cantons has successfully concluded the first round of hearings with representatives of the Swiss business community, political parties, and the cities and municipalities, in regard to the so-called Tax Reform Proposal 17, which is replacing Corporate Tax Reform III that was rejected by the Swiss electorate in its proposed form.
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Tomasz Michalik Maria Kotaniec In May 2017 the Minister of Finances published a new project of quite fundamental change of the VAT Act. The project introduces a voluntary mechanism of a split payment scheme in B2B relations. The new regulations are supposed to enter into force on January 1 2018. With the split payment, the government aims to reduce VAT fraud and consequently increase tax revenues.
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Catherine O’Meara Trevor Glavey Ireland, along with 67 other countries, signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) on June 7 2017. The key changes to Ireland's double tax treaties (DTTs) that will be made under the MLI are:
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Maria Nicolaou Zoe Kokoni Cyprus, one of the sunniest and safest locations in Europe, is an ideal location for both EU and non-EU nationals looking for a high quality standard of living. The recently introduced simplified procedures for issuing permanent residency and citizenship certificates in Cyprus have made this relocation much easier and have increased foreign investments into the island.
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Loreto Pelegrí Bernardita Parodi On October 26 2016, Law No. 20,956 was published in the Official Gazette. The purpose of this law is to encourage Chilean productivity. As such, it introduced a series of measures aiming to achieve this target.
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Freddy Karyadi Nina Cornelia Santoso On April 28 2017, the Directorate General of Tax (DGT) issued Circular Letter No. SE-11/PJ/2017 concerning the plan, strategy, and measurement of audit performance of 2017 (Circular Letter 11). The circular is essentially issued to increase tax audit effectiveness that will ultimately increase the results of tax audits and be used as a deterrent to promote tax compliance. The DGT stipulates that the 2017 tax audit will focus on, among others, the implementation of the tax amnesty programme. The DGT will differentiate tax audit treatment between taxpayers who have and those who have not joined the tax amnesty programme. For those who have not joined the tax amnesty programme, the DGT may conduct a tax audit for a tax period, part of a tax year or a tax year in which the tax stipulation has not expired. In the event that such a taxpayer is undergoing a tax audit, the tax auditor may also conduct asset tracing for any undisclosed assets in income tax annual tax returns.
