ITR Search | International Tax Review

Brazil makes changes to import and export pricing methods

The Brazilian Federal Revenue Secretariat has issued Normative Instruction (NI) 1,498/2014, making changes to the list of commodities for the purpose of applying the PCI (price under quotation on importation) and PECEX (price under quotation on exportation) methods.

October 27 2014

Common Reporting Standard gets partial thumbs-up from Tax Justice Network

The Tax Justice Network (TJN) has described the Common Reporting Standard (CRS) and the signing this week of the multilateral competent authority agreement to implement it as “progress” and “a good first step” towards automatic information exchange (AIE) and the elimination of illicit financial flows, but has refused to give them its unqualified support.

Ralph Cunningham, October 27 2014

Deals of the week - October 27 2014

To add your deals to our table, email Joe Stanley-Smith at joseph.stanley-smith@euromoneyplc.com.

Joe Stanley-Smith, October 27 2014

Vietnam’s Decree 91 features tax incentives for manufacturing and technology

Vietnam’s Decree 91 on VAT and corporate income tax (CIT) came into effect on October 15 2014. It includes provisions on deductible expenses, tax incentives for manufacturers and high-technology firms, a reduction in the paperwork required for tax filing and in the corporate tax rate for agricultural businesses, which are all applicable for the 2014 reporting year

October 23 2014

Kokott takes aim at Marks and Spencer exception on EU group loss relief again

Juliane Kokott, an Advocate General of the European Court of Justice (ECJ), believes the Court’s decision on group loss relief in the Marks & Spencer case should be overturned.

Joe Stanley-Smith, October 23 2014

Forum on Tax Administration unveils plan for closer coordination

The heads of tax administration from 38 countries have agreed to implement three actions which they say will help them to work closer together, coordinate their actions, share knowledge and deal with any tax administration aspects arising from the base erosion and profit shifting (BEPS) project.

Ralph Cunningham, October 23 2014

Australia’s tax evasion drama: ATO rejects widespread non-compliance as it battles Chevron in court

Industry and tax professionals have criticised the Tax Justice Network’s methodology in its report that alleges nearly one-third of the largest businesses in Australia are dodging taxes.

October 23 2014

Microsoft wins Delhi appellate decision on service tax exemption for marketing services

The third member of the Delhi Custom Excise & Service Tax Appellate Tribunal (Cestat) has sided with Microsoft Corporation Pvt Ltd, the taxpayer, in its appeal against an adjudication order from the commissioner of service tax.

October 23 2014

Nonversion: AbbVie – Shire deal falls through but inversions will continue

The impact of a US Treasury Notice to reduce the benefits of tax inversion deals is taking effect. AbbVie has scrapped its proposed $54 billion takeover of Shire, and Salix and Cosmo have decided not to combine either.

Matthew Gilleard, October 23 2014

Four East African nations to harmonise VAT regimes

Kenya, Rwanda, Tanzania and Uganda aim to synchronise their VAT regimes by April 2015.

Joe Stanley-Smith, October 23 2014

Search results for