New data on public CbCR showed uneven adoption, as Singapore advanced pillar two compliance and firms expanded their tax capabilities
Nearly two years after its publication, the Corporate Tax Roadmap is reshaping the UK’s TP framework through incremental reforms focused on scope, transparency and earlier HMRC intervention
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
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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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David Forst and Adam Halpern of Fenwick & West look at the legacy left by the Obama administration’s regulations.
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The European Commission has made some surprising decisions in recent years about how tax rulings between multinationals and EU member states constitute state aid. In the second of this two-part series of articles, Carina Lange, senior consultant at CEG Global in the Netherlands, discusses how multinationals can maintain legal certainty and assess the risks associated with tax rulings.
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Mark Galea Salomone Donald Vella The guidelines issued in relation to the implementation of EU Council Directive 2014/107/EU of December 9 2014 amending Directive 2011/16/EU as regards to mandatory automatic exchange of information in the field of taxation (DAC2) in Malta and the common reporting standard (CRS) were amended on April 7 2017. Specifically with respect to trusts, the Commissioner for Revenue has introduced clarifications to the guidelines, which the Inland Revenue Department (IRD) has deemed necessary for the purposes of a more correct application of the regulations.
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Elena Kostovska At the end of March 2017, the German Federal Council approved the protocol amending the tax treaty concluded with FYR Macedonia. The amending protocol was signed by both countries in November 2016 to amend the treaty signed in 2006.
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Sandra Benedetto B Jonatan Israel N Since the end of 2016, Chile's already wide network of agreements for the avoidance of double taxation (DTAs) adds a couple of new treaties. These include Japan, Czech Republic and Italy, which are effective from January 1 2017. In addition, from November 2016, the Chile-Argentina DTA was also enacted.
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Khoonming Ho Lewis Lu On June 7 2017, the OECD hosted a signing ceremony in Paris at which representatives of 68 jurisdictions, including Wang Jun, commissioner of the Chinese State Administration of Taxation (SAT), signed the G20/OECD BEPS Project's Multilateral Instrument (MLI). This is set to update 1,100 double tax agreements (DTAs) and as a further eight countries have formally expressed their intent to sign the MLI, and an additional 25 plus countries are anticipated to join the MLI by the end of 2017, further swathes of the 3,000 plus DTAs in existence are set for update.
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Andra Casu Recently, the Romanian tax authorities have been scrutinising taxpayers' situations very closely. Also, it is worth mentioning that currently, the tax authorities are mainly focused on the large taxpayers, as well as on certain industry areas (such as oil & gas and financial services).
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Dajana Topic The Law on financial business activities in Bosnia and Herzegovina (FBiH) was published in the Official Gazette of FBiH No. 48/16 in June 2016, while it became effective as of December 30 2016.
