ITR Search | International Tax Review

Garnham Abogados adds new partners

Garnham Abogados has named tax lawyer Patrick Humphreys and former executive vice-president of the Foreign Investment Committee Matías Mori as new partners.

Joe Stanley-Smith, February 02 2015

New APA regulation released in Indonesia

The release of the Indonesian Ministry of Finance’s regulation Number 7/PMK.03/2015 (PMK-07) on the implementation of advanced pricing agreements (APA) is welcome news for Indonesian taxpayers that currently have an APA in progress or are considering filing for one.

February 02 2015

New French TP provisions call for tightening up of documentation but should lower audit costs

France recently enacted transfer pricing provisions detailing penalties taxpayers can incur for noncompliance regarding documentation requirements. A regularisation procedure has also been formally implemented which should reduce the cost of transfer pricing audits.

Sophie Harding, February 02 2015

India’s CBDT asks ITAT and DRP to apply Vodafone ruling to similar transfer pricing cases

The Central Board of Direct Taxes (CBDT) has requested that Income Tax Appellate Tribunals (ITAT) and dispute resolution panels (DRP) apply the principle behind the Bombay High Court’s Vodafone ruling for similar transfer pricing cases.

Sophie Harding, February 02 2015

BEPS feedback highlights a lack of taxpayer confidence in the OECD's work on double taxation and dispute resolution

Business industry feedback on BEPS discussion drafts, including comments from BIAC, TEI, Reed Elsevier, Volvo and Siemens, suggests that the OECD has done little to quash taxpayer concerns over double taxation and dispute resolution.

February 02 2015

Finance ministers make fresh start on FTT

The 11 EU member states involved in the financial transaction tax (FTT) aim to broaden its base and lower its rates, in a bid to get the initiative back on track.

Joe Stanley-Smith, January 30 2015

Belgian stadium case throws up unusual letting of immovable property VAT issue

An ECJ case around the leasing of a football stadium could allow tenants of theatres, concert halls and other cultural or sporting venues across the EU to reclaim more input VAT in the future.

Joe Stanley-Smith, January 30 2015

UK urgently considers oil investment allowance to remedy 'hostile tax regime'

Amid collapsing oil prices, the recent 2% tax reduction for British oil exploration companies is not enough, say tax advisers and analysts. North Sea oil companies say that their ability to stay competitive in the long term will be severely shaken unless steps are taken to alleviate the tax burden.

January 30 2015

IRS announces new advisory council members

The Internal Revenue Service group which brings together officials and tax professionals to discuss key tax administration issues has eight new members for 2015.

January 30 2015

International updates - February 2015

The latest international updates from our correspondents around the world.

January 29 2015

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