Friday, December 29, 2017
China: Guidance issued clarifying country-by-country reporting information exchange
KPMG Report: China’s tax authority recently issued an announcement clarifying that certain provisions of country-by-country (CbC) reporting requirements will not apply for the CbC report for 2016.
“The Announcement 46 clarifies that tax authorities in China…Read More
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
Friday, December 15, 2017
Cayman Islands: Country by country regulations issued.
The Cayman Islands’ Tax Information Authority (International Tax Compliance) issued Country-By-Country Reporting Regulations on 15 December 2017.
The CBCR Regulations essentially implement in the Cayman Islands the model legislation published pursuant to the OECD’s Base Erosion and…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:
Saturday, November 18, 2017
Mexico: SAT accepting submissions of newly required transfer pricing documentation
To align with the recommendations of Action 31 of the OECD’s BEPS project, the Mexican tax authority (Servico de Administracion Tributaria or SAT) new transfer pricing documentation requirements were outlined…Read More
Monday, November 13, 2017
Taiwan: OECD Action 13 recommendations now implemented
The Ministry of Finance in Taiwan announced on 13 November 2017 that it will adopt the recommendations of OECD’s Action 13 with respect to transfer pricing documentation. While Taiwan already has transfer pricing documentation requirements, adoption…Read More
Monday, November 06, 2017
The OECD has published updated versions of transfer pricing country profiles (TPCP), reflecting the current transfer pricing legislation and practices of 31 participating countries. The country profiles contain up-to-date and harmonised information on key aspects of transfer pricing legislation, provided by countries…Read More