COMTAX AB
  • Home
  • Products
  • NEWS
  • Partners
  • Contact
  • Join us
  • FAQs
  • Login

International Tax News & Updates

UN releases latest transfer pricing manual for developing countries

4/27/2021

 
Picture
On April 27, 2021, the United Nations (UN) released the latest edition of its practical manual on transfer pricing for developing countries.

The manual improves existing guidance and introduces new elements in response to some of the cutting-edge issues in transfer pricing. The manual is focused on transfer pricing in a global environment, while it provides guidance on design principles and policy considerations.

The manual also addresses the practical implementation of a transfer pricing regime in developing countries and shares examples of country practices from developing countries, such as Brazil, China, India, Kenya, Mexico, and South Africa.
​
See Manual

South Africa publishes guidance on royalty, interest withholding tax

4/23/2021

 
Picture
On April 23, 2021, the South African Revenue Service published interpretation notes on withholding tax on interest and royalties.

Interpretation Note 115, on withholding tax on interest, deals with the interpretation and application of sections 50A to 50H relating to withholding tax on interest.

Interpretation Note 116, on withholding tax on royalties, provides guidance on the interpretation and application of sections 49A to 49H which relate to withholding tax on royalties.
​
See Interpretation Notes

OECD releases new MAP peer review reports for 8 countries

4/19/2021

 
Picture
On April 15, 2021, the OECD released stage 2 peer review monitoring reports for eight countries as part of its work on BEPS Action 14.

The OECD has released reports for the following eight counties: Australia, Ireland, Israel, Japan, Malta, Mexico, New Zealand and Portugal.

The reports evaluate the progress made by these eight jurisdictions in implementing any recommendations resulting from their stage 1 peer review. They take into account any developments in the period January 2018-August 2019 and build on the MAP statistics for 2016-2018.
​
See Reports

Fabrizia Lapecorella appointed next Chair of OECD's Committee on Fiscal Affairs

4/16/2021

 
Picture
The OECD's Committee on Fiscal Affairs has designated Fabrizia Lapecorella, Director General of Finance of the Italian Ministry of Economy and Finance, as the next Chair of the Committee beginning on January 1, 2022.

Lapecorella will take over from Mr. Martin Kreienbaum of Germany after his 5-year term ends on December 31, 2021.

Lapecorella will be the second female Chair of the Committee since it was created in 1971 and the second Italian to hold this position.
​
See Announcement

US Treasury invites suggestions on 2021-2022 Priority Guidance Plan

4/14/2021

 
Picture
On April 14, 2021, the US Treasury Department invited public recommendations on items to be included on the 2021-2022 Priority Guidance Plan.

The 2021-2022 Priority Guidance Plan will identify guidance projects that the Treasury Department and the Service intend to actively work on as priorities during the period from July 1, 2021, through June 30, 2022.

Recommendations must be received by May 28.
​
See Announcement

Ireland consulting on tax treaty policy

4/7/2021

 
Picture
On April 7, 2021, Ireland’s Minister for Finance, Paschal Donohoe, launched a public consultation on the country’s Tax Treaty Policy.

The public and interested stakeholders are invited to give their views on the issues detailed in the public consultation document. Responses received on the policy issues detailed in this public consultation will form part of the consideration the tax treaty policy statement, which will set out the broad parameters of Ireland’s treaty policy.

The consultation period will run until May 7, 2021.
​

​See Consultation document

India increases threshold for CbC reporting requirement

4/5/2021

 
Picture
On April 5, 2021, the Indian government notified the Income Tax (9th Amendment) Rules, 2021.

The Rules increase the country-by-country reporting threshold from INR 55 billion to INR 64 billion.

The Rules came into force on April 1, 2021.
​
See Notification

OECD releases new peer review results on BEPS Action 6

4/1/2021

 
Picture
On April 1, 2021, the OECD released the latest peer review report assessing jurisdictions' efforts to prevent tax treaty shopping and other forms of treaty abuse under Action 6 of the BEPS project.

The report reveals that a large majority of members of the Inclusive Framework on BEPS are translating their commitment on treaty shopping into actions and are modifying their treaty network.

The latest report includes the aggregate results of the peer review and data on tax treaties concluded by each of the 137 jurisdictions that were members of the Inclusive Framework on June 30, 2020. The data demonstrate that the BEPS Multilateral Instrument (MLI) has been the tool used by the vast majority of jurisdictions that have begun implementing the Action 6 minimum standard, and that the MLI has started to impact tax treaties of jurisdictions that have ratified it.

See Release
    Subscribe now!

    Archives

    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    February 2014

COMTAX AB

H3 Business Center
Biogränd 7
SE-572 30 Oskarshamn
Sweden

CONTACT

Tel.: +46 46 590 07 70
E-mail: support(@)comtaxit.com

INFORMATION

Privacy Statement
Partner Program
Picture
© COPYRIGHT 1985 - 2021 COMTAX AB.  ALL RIGHTS RESERVED.
  • Home
  • Products
  • NEWS
  • Partners
  • Contact
  • Join us
  • FAQs
  • Login