This content is from: Transfer Pricing Transfer pricing and related parties disclosures To ensure the respect of the arm’s length principle, Italian Law mandates that companies’ financial statements include proper disclosures regarding transactions with related parties. Piergiorgio Valente, managing part... By ITR Correspondent July 31 2013
This content is from: Transfer Pricing OECD’s plan to simplify documentation requirements could have the opposite effect The OECD has released a white paper on transfer pricing documentation, which proposes a two-tier approach that would require taxpayers to submit a global master file along with country-specific transaction information... By Emma Powell July 31 2013
This content is from: United States How to build a simpler and more harmonised operational transfer pricing system Taxpayers are demanding better automated and centralised systems for calculating their transfer pricing. However there is still some way to go before the use of harmonised operational models become standard within bus... By Emma Powell July 29 2013
This content is from: Transfer Pricing Ghana Revenue Authority to launch TP unit The Ghana Revenue Authority (GRA) is planning to launch a transfer pricing unit within its large taxpayers office. The launch had been scheduled for the end of June but no new configuration date has yet been issued. By Emma Powell July 25 2013
This content is from: South Africa SARS increases challenges to transfer pricing of intercompany services The South African Revenue Service (SARS) is challenging more taxpayers on their intercompany services. South African taxpayers must consider whether the services they provide to foreign related parties have a real com... By Emma Powell July 23 2013
This content is from: Russia OECD reveal BEPS action plan at G20 finance ministers' Moscow meeting The OECD Action Plan for tackling base erosion and profit shifting (BEPS) was unveiled this morning at the G20 meeting of finance ministers in Moscow. The plan discusses a timeframe of between 12 and 24 months for imp... July 18 2013
This content is from: Indonesia How to survive a transfer pricing audit in Indonesia New guidelines for Indonesian officials conducting transfer pricing audits are now in force. The guidance puts pressure on taxpayers to provide more detailed evidence about their related-party transactions when subjec... By Emma Powell July 15 2013
This content is from: Greece New Greek tax law grants extension for the compilation of the TP documentation and modi... A new law passed by the Greek parliament on July 2 2013, extends the deadline for the compilation of the transfer pricing documentation file for intra-group transactions and the filing of the summary information table... By ITR Correspondent July 10 2013
This content is from: France How the French tax administration is selecting transfer pricing cases for audit The French Directorate for Public Finance has published its 2012 activity report, which shows tax and penalties gained after audit have risen by 10%. Greater efficiency when conducting audits and more aggressive targe... By Emma Powell July 10 2013
This content is from: Denmark Quantera Global boosts Dutch practice with two senior partners July 08 2013
This content is from: Greece Greece introduces TP reforms after IMF and EU demands tighter regulation The Greek Ministry of Finance has issued a public consultation on amendments to the transfer pricing rules, following a change in the definition of associated enterprises (AE) by the Greek government. By Emma Powell July 08 2013
This content is from: India India relaxes its stance on contract R&D centres, to relief of multinationals Rules imposed on contract R&D centres earlier this year by the Indian government have been relaxed and amended after it transpired foreign multinational companies would incur a tax liability for outsourcing more of th... By Sophie Ashley July 04 2013
This content is from: Brazil Non-OECD approach to digital PEs While the OECD is tackling base erosion and profit shifting (BEPS), with a strong focus on e-commerce, its project will still have an impact on non-OECD countries, whether they choose to implement its recommendations ... By Sophie Ashley July 01 2013
This content is from: France Compliance burden to increase for French taxpayers if draft law passed French taxpayers will need to update their transfer pricing documentation more frequently if a draft law, requiring companies to submit and file their documentation reports at the same time as their annual corporate i... By Emma Powell July 01 2013
