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Australian Board of Taxation Consulting on Corporate Tax Residency
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September 13th, 2019
The purpose of the review is to ensure the corporate tax residency rules are operating appropriately in light of modern, international, and commercial board practices and international tax integrity rules.
In particular, the Board is asked to consider whether the existing rules:.
European Fiscal Board Publishes Assessment Of EU Fiscal Rules
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September 13th, 2019
On 11 September 2019, the European Fiscal Board published an assessment of the current EU fiscal rules, asked by the President of the European Commission by a letter of 28 January 2019, with a particular focus on the six and two-pack legislation. The assessment includes a backward-looking part reviewing the effectiveness of the current set of EU fiscal rules and a forward-looking part with ideas on how the rules could evolve.
The Audit Trail of Financial Technology
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September 12th, 2019
Financial technology (FinTech) is a hot topic today. Open a newspaper or check the headlines on internet and there is an article concerning FinTech, whether it is the trends on cryptocurrency, online investing or new technological ways to pay (i.
Hong Kong Government Updates Guideline To Specify Transfer Pricing Documentation Requirements
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September 11th, 2019
Hong Kong has published a guidance page on Transfer Pricing Documentation – Master File and Local File, which provides an overview of the requirements, the relevant thresholds/exemptions, the required content, the timing for preparation, etc.
Overview of Transfer Pricing Documentation .
Transfer Pricing Aspects Of Financial Transactions – Replacing LIBOR And High FX Risks And Impact
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September 9th, 2019
1. The LIBOR is replaced at the end of 2021
The London Interbank Offered Rate ( LIBOR ) is the global benchmark for financial transactions with an estimated volume of USD 370 trillion. The discontinuation of LIBOR at the end of 2021 requires market participants to use alternative key interest rates from 1.
Ireland Pitches Updated Transfer Pricing Rule To Be Aligned With Latest OECD Guidelines
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September 6th, 2019
The Irish Department of Finance published a Feedback Statement to modify the transfer pricing rules applicable to businesses in Ireland. It summarizes the proposed updated TP legislation and provides a final short window to seek input from stakeholders.
Indonesia Publishes Regulation on Tax Incentive for Upstream Oil and Gas Sector
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September 3rd, 2019
The Indonesian government recently issued the Regulation of the Ministry of Finance (PMK) No. 122/PMK.03/2019 (the regulation) which provides exemptions for oil and gas operators (relating to upstream oil and gas business activities) from value added tax (VAT) or VAT and sales tax on luxury goods, land and building tax, and from the tax treatment of charging of joint facility operating costs and head office indirect cost allocation expenditure.
How SAT Changes Your Tax Bill With Blockchain & AI Technology
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August 29th, 2019
You must have heard about the famous ' Blockchain ' concept and may have benefited from the altcoin transactions. You must have also learned about the poor performance by tax authorities to data management and identify tax fraud, in particular, fraud pertaining to value added tax.
US And France Reach A Compromise Over Digital Services Tax
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August 27th, 2019
During a joint press conference with U.S. President Donald Trump, French President Emmanuel Macron announced that a compromise has been reached regarding the French Digital Services Tax (DST), which has been strongly opposed by the U.S. as unfairly targeting U.S. companies.
French tax on tech giants .
Guinea, Namibia and Honduras join the fight against tax evasion
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August 27th, 2019
Guinea, Namibia and Honduras have joined the Global Forum on Transparency and Exchange of Information for Tax Purposes as its 155th, 156th and 157th members. By joining the Global Forum they are announcing their commitment to implement both the international standard of exchange of information on request and the standard on automatic exchange of financial account information .
SARS - Withdrawal of Practive Note 2 / Income Tax Update / Tax Guide for Small Businesses 2019
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August 26th, 2019
Withdrawal of practice note 2 of 1996 | income tax: determination of taxable income where financial assistance has been granted by a non-resident of the Republic to a resident of the Republic.
withdrawn on 5 August 2019 with effect from years of assessment commencing on or after 1 April 2012.
Let's Talk Business - Join our September Events Today!
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August 26th, 2019
We would like to invite you to join our upcoming September (web) events about Tax Risk Management, BEPS, Value Chain Analysis and Global Tax Controversy:
Webinar | September 19, 2019 - "How To Do A Beps Compliant Qualitative And Quantitative Value Chain Analysis" .
CFO's Journey from 'Staying Out Of Trouble' to being 'Fully In Control'
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August 26th, 2019
TPA Global has developed a practical roadmap of 6 steps meant to guide CFOs in their Journey of rising above troubles to reach a situation of full control. These steps are presented in a series of short video clips (3-5 minutes):
The Philippines Corporate Tax Reform Contains Favorable Measures
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August 23rd, 2019
According to a release from the Philippines Department of Finance, the House Ways and Means Committee has approved the Corporate Income Tax and Incentive Rationalization Act (CITIRA) Bill, which includes favorable measures on corporate income tax rate and fiscal incentive regime. The corporate tax reforms are as enacted as part of the second package of the government's comprehensive tax reform program.
Analyzing Value Chains in Business Models Impacted by the Digital Economy
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August 22nd, 2019
Digitization has given rise to new firms and industries, besides altering the traditional business models and reshaping the global economy. That is a reasonable reason why companies have to evolve the way they conduct a Value Chain Analysis (VCA), in order to be streamlined for digital businesses.
Tax Technology - Exchange Of Information And Data Analytics
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August 21st, 2019
Exchange of information implies achievement of global tax co-operation through the implementation of international tax standards and other instruments to tackle tax evasion. 1
As the OECD pulls out international efforts to effectively promote information exchange and tax transparency across the globe, tax authorities are faced with the vast amount of data on Country-by-Country Reporting (“CbCR”), Master Files, Local Files and TP forms.
Ireland To Shift Its Tax Allure To Non Tax Feature After BEPS 2.0, Group Warns
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August 21st, 2019
The Organisation for Economic Cooperation and Development (OECD) announced a new programme of work, which described as BEPS 2.0. It introduces further reforms to the framework for international taxation.
Bulgaria Publishes Law for TP Documentation Requirements and Implementation of EU Tax Dispute Directive
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August 15th, 2019
Bulgaria introduced its law for Transfer Pricing documentation requirements and implementation of EU tax dispute directive which incorporated under the Tax and Social Security Procedure Code. The main amendments include: introduction of mandatory transfer pricing documentation requirements and implementation of the EU Tax Dispute Resolution Directive.
US Ride-Hailing Company Creates a $6.1 Billion Dutch Tax Deduction to Reduce Paying Taxes
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August 13th, 2019
Uber Technologies Inc. created a $6.1 billion Dutch tax deduction that will help the company reduce its global tax bill for years to come. Uber generated the outsized deduction by moving some of its offshore subsidiaries to different countries as a result of new European Union rules governing multinational companies.
China Plans Shanghai Free Trade Zone To Feature 15% Income Tax Rate
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August 8th, 2019
The Chinese State Council set out a new reform plan for the Shanghai Pilot Free Trade Zone (FTZ), which may also indicate the direction of future nationwide reform efforts. Prior to this, the Shanghai FTZ reform efforts were set out in a general plan in 2017 including puts forward some innovative measures, inter alia, in relation to: (i) cross-border services and trade management; (ii) free trade port areas; (iii) financial services supporting the “Belt and Road” initiative; and (iv) offshore tax structuring.
Let's Talk Business!

Webinar | September 19, 2019 - "How To Do A Beps Compliant Qualitative And Quantitative Value Chain Analysis"
Webinar | October 10, 2019 - "Global Tax Controversy Management - Focus: Digital Economy"

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