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Special features - April 2016

Read this month's special feature for Intangibles

March 30 2016

Bulgaria: Exchange of tax and financial information in Bulgaria

Petar Varbanov On February 12 2016, Bulgaria ratified the Convention on Mutual Administrative Assistance in Tax Matters, as amended by the 2010 protocol, by way of Decree No 21 published in the Official Gazette No 14 of 19 February 2016 as well as the OECD Automatic Exchange of Information Agreement (2014), by way of Decree No 22 published in the same issue of the Official Gazette.

March 30 2016

Poland: New TP regulations on the way

Magdalena Marciniak In recent months the focus on transfer pricing as an area of fiscal policy has intensified, and legislative changes are on the way. There is an increased interest in TP issues, fueled primarily by declining budget revenues from income tax and the recent increase in the number of income taxpayers.

March 30 2016

EU: Member states agree to implement BEPS Action 13 CbCR by EU-wide Directive

Bob van der Made In the public session of the ECOFIN Council meeting of March 8 2016, the EU's 28 finance ministers reached political agreement on a Dutch EU Council Presidency draft compromise text on the EU Commission's draft Council Directive amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation (between EU tax administrations), also known as 'DAC4'.

March 30 2016

Georgia: Georgia to amend corporate tax rules

Anna Pushkaryova The Ministry of Finance of Georgia has recently initiated important changes in the system of corporate income taxation, particularly related to the moment of taxation itself.

March 30 2016

ANALYSIS: Osborne perpetuates UK core conflict on tax with Budget 2016

George Osborne, UK chancellor of the exchequer, has delivered his Budget 2016 speech, criticising “large companies that exploit loopholes” while lowering corporation tax to attract multinationals. The big ‘winners’ were small and medium-sized enterprises.

Matthew Gilleard, March 30 2016

Q&A: Rosen Group: Talking tax in turbulent times for the oil sector

Carolina Graterol, global head of tax and transfer pricing at Rosen Group, discusses boardroom expectations and the evolving role of tax across the company’s other functions.

Matthew Gilleard, March 30 2016

Treaty shopping and BEPS Action 6: An Indian perspective

On October 5 2015, the OECD released its final reports under the BEPS project, which were presented to the G20 finance ministers on October 8 2015. Action 6 identifies tax treaty abuse and, in particular, treaty shopping, as one of the most significant sources of BEPS concerns. Pritin Kumar, Vishal Palwe and Heta Jhaveri of Deloitte provide an update on action to counter treaty abuse, from an Indian perspective.

March 30 2016

How prepared are taxpayers and authorities in GCC countries for VAT?

Taxpayers in the GCC have been waiting for VAT for some time Oman's finance minister, Darwish bin Ismail Al-Balushi, appears to have confirmed that VAT in the Gulf Cooperation Council (GCC) region will be introduced in 2018, at a likely rate of 5%.

Joe Stanley-Smith, March 30 2016

Analysing Facebook’s tax fiasco

Facebook’s new ‘Like’ emoticons are receiving wide-ranging ‘reactions’ from the public, tax practitioners and NGOs On March 4, two of the major UK newspapers' online sites released two different stories about Facebook relocating its sales revenue to the UK. Differing views on the company's tax liabilities reveal that Facebook's tax hiccup isn't yet over.

Amelia Schwanke, March 30 2016

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