Saturday, December 16, 2017
Hungary: Recent issues regarding country-by-country reporting and notifications – KPMG
In this KPMG report, certain issues regarding country-by-country (CBC) reporting and related notifications on the local 17T201T form are noted. KPMG contacted the local tax authority for some clarifications.
Read the KPMG report…Read More
Tuesday, December 12, 2017
Greece: Procedures for the submission of CBC Reports have been issued.
Law 4484/2017 approved in July provided for the adoption of Country-by-Country (CBC) Reporting pursuant to Action 13 of the OECD BEPS Plan. Procedures associated with the submission of these reports has now been…Read More
Tuesday, November 28, 2017
Italy: Guidance issued for country-by-country reports
On 28th November 2017, the Italian revenue agency issued Measure 276956 (in Italian) which provides guidelines for the preparation and implementation of country-by-country (CBC) reporting.
ACTION: If you have an obligation to provide a country-by-country…Read More
Tuesday, November 28, 2017
Russia: OECD Action 13 BEPS Project Recommendations have been adopted.
Russia: 27 November 2017 – published a federal law (with immediate effect) to adopt the three tiers of documentation pursuant to OECD’s Action 13 recommendations. The publication is available here (only in…Read More
Wednesday, November 22, 2017
Italy: Action 13 Implementation Status
Italy has been on our transfer pricing compliance agenda this week; here is a summary of what the implementation of the recommendations from OECD’s Action 13 (transfer pricing documentation) currently looks like in Italy:
Friday, October 13, 2017
Kosovo: Annual controlled transactions notification is due 30 November 2017
The Kosovo Tax Administration recently published an announcement for companies to submit their annual controlled transactions related to the 2016 fiscal year by 30 November 2017.
ACTION: If you have an affiliate…Read More
Wednesday, June 08, 2016
Monday, January 11, 2016
On 11 January 2016 the European Commission (EC) issued a press release declaring the Belgian “excess profit” tax scheme to be illegal under EU state aid rules. On this basis, an estimated €700m of unpaid taxes is to be recovered from approximately…Read More
Sunday, May 10, 2015
A Norwegian company that failed to give local tax authorities a satisfactory answer for its prices for natural gas sold to a foreign related party will now be facing punitive taxes in a controversial transfer pricing case which involved “secret comparables”.
Tax authorities are often privy to confidential information about pricing…Read More
Thursday, March 19, 2015
On 18 March 2015, the government of Spain introduced additional requirements to its transfer pricing legislation. These new regulations are essentially derived from the Organization for Economic Co-operation and Development’s (OECD’s) recent Base Erosion and Profit Shifting (BEPS) project, which focuses on transfer pricing documentation issues (among other matters).
These new…Read More