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Seychelles Seeks Input On Corporate Tax Regime Overhaul
Lorys Charalambous, Tax-News.com, Cyprus__16 July, 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

Brazil To Align Transfer Pricing Rules With OECD Guidelines
Mike Godfrey, Tax-News.com, Washington__16 July, 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

UAE Introduces CbC Reporting, Economic Substance Rules
Lorys Charalambous, Tax-News.com, Cyprus__16 July, 2019
The UAE has recently passed legislation to introduce new country-by-country reporting requirements and new economic substance requirements. Read Full Story

Malaysia Explains New Cap On Interest Expense Deductions
Mary Swire, Tax-News.com, Hong Kong__16 July, 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
Lorys Charalambous, Tax-News.com, Cyprus__21 June, 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
Ulrika Lomas, Tax-News.com, Brussels__13 June, 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
Ulrika Lomas, Tax-News.com, Brussels__05 June, 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'
Mike Godfrey, Tax-News.com, Washington__31 May, 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

IMF Advises Luxembourg On Coping With International Tax Changes
Ulrika Lomas, Tax-News.com, Brussels __31 May, 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

Switzerland Approves FTA With Indonesia
Ulrika Lomas, Tax-News.com, Brussels __31 May, 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

 

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