Australia Passes Law to Give Force to BEPS Convention
August 20, 2018The Australian Parliament on August 16 passed a legislation to give the force of law to the OECD’s Multilateral Convention to implement tax treaty-related measures to tackle BEPS.
Country by Country Reporting Guidance Updated in Bermuda
August 15, 2018The Government of Bermuda has issued an updated tax guidance to assist businesses on complying with Bermuda’s country-by-country reporting requirement.
Tax Bill Seeks to Improve Australia’s Thin Capitalization Regime
August 2, 2018The Australian Treasury has published for comments a draft tax Bill that would implement two key changes to improve the country’s thin capitalization regime. The changes – first proposed in the 2018-19 Budget – are intended to apply from income years beginning on July 1, 2019.
UK Raises £388 million from Diverted Profits Tax Law in 2017-18
August 1, 2018The UK tax authority, HMRC, raised GBP388m from the diverted profits tax legislation in 2017-18, according to the Transfer Pricing and Diverted Profits Tax Statistics published on July 31.
Malaysia Revising Tax Rules to Adopt BEPS Action 5 Minimum Standard
July 26, 2018The Government of Malaysia has said that it will not grant new approvals to companies in respect of tax incentives provided under MSC Malaysia Bill of Guarantee No.5.
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Tax Treaty between Switzerland, Saudi Arabia to Enter Into Force
August 16, 2018The Swiss Federal Council on August 15 adopted the dispatch on the tax treaty with Saudi Arabia.
Tax Treaty between Japan, Colombia: Negotiations Completed
August 4, 2018Japan and Colombia have completed tax treaty negotiations, Colombia’s Finance Minister, Mauricio Cárdenas, announced on July 30.
Tax Treaty between Singapore, Nigeria: Read Key Provisions
August 4, 2018The tax treaty between Singapore and Nigeria will enter into force on November 1, 2018, and will take effect on January 1, 2019.
Guernsey Signs New Tax Treaty With UK
July 4, 2018Guernsey has signed a new tax treaty with the UK. The new tax treaty replaces the one that has been in force since 1951.
