New Zealand will bring digital services tax if global agreement fails
August 30, 2023New Zealand will implement a digital services tax in 2025 if international agreement on the issue fails to pass through, Finance Minister Grant Robertson has said.
Indonesia calls global minimum tax a ‘trick’ by developed nations
August 24, 2023Indonesia’s Minister of Investment has dismissed the global minimum tax proposal as a self-serving ‘trick’ being pulled by developed nations.
UK tax advisers hail transfer pricing, diverted profits tax reform
August 22, 2023The Chartered Institute of Taxation (CIOT) has welcomed proposed reforms to the UK legislation on transfer pricing, permanent establishments, and diverted profits tax.
Legal challenge to EU directive on global minimum tax dismissed
August 14, 2023The General Court of the European Union has dismissed a legal challenge to EU Directive 2022/2523 of 14 December 2022, on ensuring a global minimum taxation for multinational enterprise (MNE) groups.
Australia asks MNEs for views on global minimum tax rules
August 11, 2023Australia is inviting multinational enterprises (MNEs) to share their views on the implementation of the global minimum tax rules.
Bermuda to levy corporate tax on MNEs from 2025
August 8, 2023Bermuda is consulting stakeholders on a new corporate tax regime from 2025 in view of the OECD’s proposed global minimum tax rules.
Japan’s global minimum tax law: long road ahead
July 18, 2023Takato Masuda of Nishimura & Asahi, Tokyo, provides an overview of what Japan has done so far, and what remains to be done on implementing the global minimum tax, especially in light of the guidance issued by the OECD on July 17, 2023.
Transfer Pricing Reform in Brazil and ‘Options Realistically Available’: New Tax Disputes Ahead?
July 4, 2023Law No. 14596/2023 introduced new transfer pricing rules in the Brazilian tax system, in line with the arm’s length standard.
By Ramon Tomazela, Partner, Mariz de Oliveira & Siqueira Campos Advogados
So you dislike the OECD global minimum corporate tax? Tough. The UK now has to implement it, or we’ll lose out.
June 27, 2023So you dislike the OECD global minimum corporate tax? Tough. The UK now has to implement it, or we’ll lose out. By: Dan Neidle, Tax Policy Associates
Panama Supreme Court on tax arbitration
November 22, 2022By Rafael Rivera Castillo (Managing Partner, BDO, Panama)
Pakistan court rules on taxability of EPC contracts
July 14, 2022Muzammal Rasheed is Chief Executive Officer of Enfoque Consulting (Private) Limited, Pakistan, a member firm of WTS Global.
Implemented modifications to the German Transfer Pricing Legislation
March 2, 2022By Dr. Björn Heidecke, (Director, Transfer Pricing, Deloitte, Germany) & Neeraj-Kumar Popat (Senior Manager, Transfer Pricing Deloitte, Germany)
What is Transfer Pricing, Definition, Overview under Indian law
August 10, 2021By CA. Akshay Kenkre (Founder and Practice Lead, TransPrice Tax Advisors LLP, India)
Indian tax authority signs record number of bilateral APAs
September 1, 2023Indian tax authority has signed a record number of bilateral advance pricing agreement (APAs) in the 2022-23 financial year.
India sets up Advance Tax Rulings Boards
August 25, 2023India’s tax authority, the Central Board of Direct Tax, has issued a handbook setting out guidance on issuing advance tax rulings under the Indian Income Tax Act.
Australia to publish corporate tax transparency report in November
August 25, 2023The Australian Taxation Office will publish, in early November, the income tax information of large companies for the income year 2021–22.
New Zealand passes Taxation Principles Reporting Bill
August 25, 2023New Zealand has passed a tax bill to make the country’s tax system more open and transparent.
Germany to update tax treaties with Austria, Switzerland
August 22, 2023Germany has signed protocols to amend its tax treaties with Austria and Switzerland.
Kenya consulting on tax treaties with Belgium, Egypt
August 18, 2023The Cabinet Secretary of the National Treasury of Kenya is seeking public comments on draft tax treaties with Belgium and Egypt.
UAE tax treaties with Gabon, Rwanda, Zambia in effect
August 17, 2023UAE tax treaties with Gabon, Rwanda, and Zambia have entered into force.
Taiwan goes soft on residency rules while granting treaty benefits
August 16, 2023Taiwan will apply the country’s tax residency rules leniently while granting tax treaty benefits, the Finance Ministry has said.
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