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Seychelles Seeks Input On Corporate Tax Regime Overhaul

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, July 16, 2019

The Government of Seychelles has launched a consultation to seek views on an overhaul to the territory's business tax regime, with a new regime proposed to be implemented from 2020. Read Full Story

 


UAE Introduces CbC Reporting, Economic Substance Rules

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, July 16, 2019

The UAE has recently passed legislation to introduce new country-by-country reporting requirements and new economic substance requirements. Read Full Story

 


Brazil To Align Transfer Pricing Rules With OECD Guidelines

by Mike Godfrey, Tax-News.com, Washington

Tuesday, July 16, 2019

The OECD and Brazil's Receita Federal issued a joint statement at an event on July 11, 2019, to present the outcomes of a 15-month work program carried out by OECD and the RFB on Brazil's transfer pricing rules and the options for aligning them with the OECD's guidelines. Read Full Story

 


Malaysia Explains New Cap On Interest Expense Deductions

by Mary Swire, Tax-News.com, Hong Kong

Tuesday, July 16, 2019

The Inland Revenue Board of Malaysia has released new guidance on restrictions to the deductibility of interest expenses. Read Full Story

 


Mauritius Overhauls Tax Regime In 2019-20 Budget

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, June 21, 2019

Mauritius announced a multitude of changes to all areas of its tax regime in its 2019-2020 Budget, including international tax reforms; value-added tax changes; new corporate tax relief measures, including a new patent box regime; a regime for peer-to-peer lending; individual tax breaks; and a tax amnesty scheme. Read Full Story

 


OECD Fleshes Out Int'l Tax Reform Plans During BEPS Webcast

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 13, 2019

During a webcast on June 11, the OECD provided a technical update on its work to develop new, modernized international tax rules for the digitalized economy. Read Full Story

 


BEPS Inclusive Framework States Agree Digital Tax Roadmap

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, June 5, 2019

The 129 member states party to the OECD's Inclusive Framework on Base Erosion and Profit Shifting has agreed a work program on how to achieve a new global agreement for taxing multinational enterprises, by resolving the tax challenges from the digitalization of the economy. Read Full Story

 


Wyden Bill Would Close US Carried Interest 'Loophole'

by Mike Godfrey, Tax-News.com, Washington

Friday, May 31, 2019

On May 23, 2019, the Ranking Member of the United States Senate Finance Committee, Ron Wyden (D-OR), introduced a bill to change the tax treatment of income earned by investment fund managers. Read Full Story

 


Switzerland Approves FTA With Indonesia

by Ulrika Lomas, Tax-News.com, Brussels

Friday, May 31, 2019

The Swiss Federal Council has issued a dispatch on the Comprehensive Economic Partnership Agreement between the European Free Trade Association states and Indonesia. Read Full Story

 


IMF Advises Luxembourg On Coping With International Tax Changes

by Ulrika Lomas, Tax-News.com, Brussels

Friday, May 31, 2019

The IMF has welcomed Luxembourg's efforts to meet international tax standards but cautioned that international tax reform could hit the country's tax base. Read Full Story

 

 

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