OECD releases the United States peer review report on implementation of BEPS Action 14 minimum standards
|
|
- Muriel Wilson
- 5 years ago
- Views:
Transcription
1 2 October 2017 Global Tax Alert OECD releases the United States peer review report on implementation of BEPS Action 14 minimum standards EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: Executive summary On 26 September 2017, the Organisation for Economic Co-operation and Development (OECD) released the first batch of peer review reports relating to the implementation of the Base Erosion and Profit Shifting Project (BEPS) minimum standards on Action 14 on improving tax dispute resolution mechanisms by Belgium, Canada, the Netherlands, Switzerland, the United Kingdom and the United States. 1 The reports are divided into four parts: namely (i) preventing disputes; (ii) availability and access to Mutual Agreement Procedure (MAP); (iii) resolution of MAP cases; and (iv) implementation of MAP agreements. Each of these parts addresses a different component of the OECD s minimum standard. Overall the reports conclude that these jurisdictions meet most of the elements of the Action 14 Minimum Standard. In the next stage of the peer review process, each jurisdiction s efforts to address any shortcomings identified in its Stage 1 peer review report will be monitored. Twenty peers provided input to the United States (US) peer review report, consisting of countries that represent 100% of MAP cases in process by the US at the end of Input was also received from taxpayers. This Alert summarizes highlights from the US report.
2 2 Global Tax Alert Detailed discussion Preventing disputes In the US Advance Pricing Agreement (APA), rollbacks are generally available and may be required as a condition of obtaining an APA. The US Competent Authority generally provides for APA roll-backs upon request. For the years , the United States received 107 requests for bilateral APAs with rollbacks. As of 31 December 2016, 89 of those requests were still pending. Availability and access to MAP The US reported, and peers and taxpayers agreed, that since 1 January 2014 it has not denied access to MAP in transfer pricing cases or cases involving the application of a treaty and/or domestic anti-abuse provision. The report noted that the US does not preclude access to MAP where the taxpayer has reached an audit settlement with the Internal Revenue Service (IRS), but in cases where the taxpayer enters into a closing agreement with the IRS examination function, the US will only endeavor to obtain a correlative adjustment with the treaty partner. It will not undertake any actions that would change the determination of taxable income reflected in the audit settlement. Peers generally indicated not being aware that audit settlements may preclude access to MAP in the US. MAP cases submitted that required additional information were not denied access but taxpayers were afforded opportunities to provide the missing information. Resolution of MAP cases The US failed to meet the OECD MAP resolution timeframe of 24 months from start to finish for a case and reported an average resolution time of 31 months. 2 Transfer pricing cases were reported generally to take slightly more time to resolve than non-transfer pricing cases. All peers that provided input reported a good working relationship with the US competent authority. One peer particularly noted that the US competent authority is very responsive to communication, that there is a constructive and positive cooperation to resolve MAP cases and that it is willing to discuss and conduct negotiations via teleconferencing. Apart from the positive experiences, one peer noted that it experienced miscommunication, as the peer s competent authority was not promptly notified of changes in the team handling MAP cases with them. One element of procedural delay noted by a peer was due to confidentiality requirements in place in the US requiring that taxpayer identification data can only be exchanged by mail or fax. In addition another peer mentioned that in some cases it experienced delays in receiving communication from the US competent authority that a MAP case was submitted. This peer suggested enhancing the response and communication time to prevent delays in solving MAP cases within the average of 24 months. On the material side of handling MAP cases, all peers reported that the US is cooperative, constructive and solution-oriented and has the intent to resolve MAP cases in a timely, effective and principled manner. The US reported that there are a variety of reasons why cases were not resolved within the 24 month timeframe. It indicated that although resources for the competent authority function might partly explain the overstep of the 24-month average, other reasons such as delays in correspondence, communication difficulties and fundamental differences with treaty partners on points of law or there application to facts are also responsible for lengthy resolution times. Implementation of MAP Agreements The US reported that all MAP agreements, once accepted by taxpayers, have been implemented and that it is not aware of any MAP agreements that were not implemented since 1 January It, however, has not implemented a mechanism to keep track on whether all MAP agreements reached are actually implemented. Two peers specifically mentioned that the US competent authority is very efficient in implementing MAP agreements. The US does not have in place a timeframe for implementation of mutual agreements reached. This regards both the situation in which the MAP agreement leads to additional tax or a refund of tax in the US. Best practice peer review reports Each assessed jurisdiction can provide information and request feedback from peers on how it has adopted the 12 best practices contained in the Action 14 final report. All of the jurisdictions in the first batch of the peer review reports requested that the OECD provide feedback concerning their adoption of the best practices contained in the Action 14 final report, including the US. However, for most of the best practices, the peers provided only limited input.
3 Global Tax Alert 3 The comments provided by the peers confirm they have a good working relationship with the US in discussing and negotiating APAs. One peer noted that the US allows taxpayers to request, in certain cases for the multi-year resolution of recurring issues through MAP, if the relevant facts and circumstances of the case under review are the same. Peers did not provide any input relating to other best practices. Next steps The six jurisdictions assessed in the first batch of the peer review are already working to address deficiencies identified in their respective reports and are moving to Stage 2. In Stage 2 of the peer review process, a jurisdiction s efforts to address any shortcomings identified in its Stage 1 peer review report will be monitored. Assessed jurisdictions shall submit an update report to the Forum on Tax Administration MAP Forum within one year of the OECD Committee on Fiscal Affairs adoption of the Stage 1 Peer Review report. Implications The peer review process is a welcome development to improve global consistency and efficiency in resolving tax disputes through the MAP. Notwithstanding the sources like-minded tax administrations with mature MAP programs - the peer review process has indicated that the US competent authority overall is performing well in its administration of the MAP. Nonetheless, it has identified several areas where improved guidance and process could be implemented. We look forward to implementation of these improvements in the US. Endnotes 1. For a detailed background, please see EY Global Alert, OECD releases first batch of peer review reports on Action 14, dated 27 September Case completion statistics were reported for two separate measurement periods pre-2016 and post In the latter period an anomalous result was reported of an average time to resolution of 4.4 months for 8 MAP cases submitted and completed in We presume this anomaly likely resulted from a unique situation such as group of related cases submitted to MAP for an audit period subsequent to a preceding audit cycle that had previously been resolved in MAP, and the resolution of these cases was made on the same basis as for the prior cycle.
4 4 Global Tax Alert For additional information with respect to this Alert, please contact the following: Ernst & Young LLP, US Transfer Pricing Controversy Services David Canale, Washington DC Richard McAlonan, Washington DC Craig Sharon, Washington DC Miller Williams, Washington DC Fred C. Johnson, San Francisco Ameet Kapoor, San Jose Carlos Mallo, Washington DC Ernst & Young LLP, Global Tax Desk Network, New York Jose Bustos David Corredor-Velásquez
5 EY Assurance Tax Transactions Advisory About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com EYGM Limited. All Rights Reserved. EYG no Gbl NY ED None This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice. ey.com
OECD releases Germany peer review report on implementation of Action 14 Minimum Standards
21 December 2017 Global Tax Alert OECD releases Germany peer review report on implementation of Action 14 Minimum Standards EY Global Tax Alert Library Access both online and pdf versions of all EY Global
More informationOECD releases Switzerland s peer review report on implementation of BEPS Action 14 minimum standards
19 October 2017 Global Tax Alert OECD releases Switzerland s peer review report on implementation of BEPS Action 14 minimum standards EY Global Tax Alert Library Access both online and pdf versions of
More informationOECD releases the United Kingdom peer review report on implementation of Action 14 minimum standards
26 October 2017 Global Tax Alert OECD releases the United Kingdom peer review report on implementation of Action 14 minimum standards EY Global Tax Alert Library Access both online and pdf versions of
More informationOECD releases France peer review report on implementation of Action 14 Minimum Standards
26 December 2017 Global Tax Alert OECD releases France peer review report on implementation of Action 14 Minimum Standards EY Global Tax Alert Library Access both online and pdf versions of all EY Global
More informationOECD releases Italy peer review report on implementation of Action 14 Minimum Standards
22 December 2017 Global Tax Alert OECD releases Italy peer review report on implementation of Action 14 Minimum Standards EY Global Tax Alert Library Access both online and pdf versions of all EY Global
More informationOECD releases Luxembourg peer review report on implementation of Action 14 Minimum Standards
22 December 2017 Global Tax Alert OECD releases Luxembourg peer review report on implementation of Action 14 Minimum Standards EY Global Tax Alert Library Access both online and pdf versions of all EY
More informationOECD launches International Compliance Assurance Programme pilot
26 January 2018 Global Tax Alert OECD launches International Compliance Assurance Programme pilot EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into
More informationOECD releases 2013 Mutual Agreement Procedure statistics
2 December 2014 Global Tax Alert News from Transfer Pricing and Controversy EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: http://www.ey.com/gl/en/
More informationOECD releases first annual peer review report on Action 5
5 December 2017 Global Tax Alert OECD releases first annual peer review report on Action 5 EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web
More informationIreland s Country-by- Country reporting notification deadline is 31 December 2016
12 December 2016 Global Tax Alert News from Transfer Pricing Ireland s Country-by- Country reporting notification deadline is 31 December 2016 EY Global Tax Alert Library Access both online and pdf versions
More informationOECD releases interim report on the tax challenges arising from digitalization
16 March 2018 Global Tax Alert OECD releases interim report on the tax challenges arising from digitalization EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts.
More informationOECD updates its guidance on Country-by- Country Reporting
7 April 2017 Global Tax Alert OECD updates its guidance on Country-by- Country Reporting EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web
More informationIMF and OECD deliver report addressing Tax Certainty, including practical recommendations for countries
27 March 2017 Global Tax Alert IMF and OECD deliver report addressing Tax Certainty, including practical recommendations for countries EY Global Tax Alert Library Access both online and pdf versions of
More informationEuropean Commission announces proposal on double taxation dispute resolution mechanisms in the European Union
26 October 2016 Global Tax Alert European Commission announces proposal on double taxation dispute resolution mechanisms in the European Union EY Global Tax Alert Library Access both online and pdf versions
More informationEU Council publishes updated Draft Directive on implementation of country-by-country reporting
23 March 2016 Global Tax Alert News from EU Tax Services EU Council publishes updated Draft Directive on implementation of country-by-country reporting EY Global Tax Alert Library Access both online and
More informationOECD, UN, IMF and World Bank issue toolkit for addressing difficulties in accessing comparable data for transfer pricing analysis
6 July 2017 Global Tax Alert OECD, UN, IMF and World Bank issue toolkit for addressing difficulties in accessing comparable data for transfer pricing analysis EY Global Tax Alert Library Access both online
More informationUS taxpayers seeking unilateral APAs with Mexico for maquiladoras will not be subject to double taxation as long as certain requirements are met
20 October 2016 International Tax Alert News from Transfer Pricing US taxpayers seeking unilateral APAs with Mexico for maquiladoras will not be subject to double taxation as long as certain requirements
More informationOECD releases Singapore s peer review report on implementation of Action 14 minimum standard
Transfer Pricing Alert Issue 18 04 April 2018 OECD releases Singapore s peer review report on implementation of Action 14 minimum standard Executive summary On 12 March 2018, the Organisation for Economic
More informationIndia introduces secondary adjustment and interest limitation rules
6 April 2017 Global Tax Alert News from Transfer Pricing India introduces secondary adjustment and interest limitation rules EY Global Tax Alert Library Access both online and pdf versions of all EY Global
More informationBelgium introduces 100% participation exemption
20 March 2018 Global Tax Alert Belgium introduces 100% participation exemption EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: www.ey.com/taxalerts
More informationTurkey amends transfer pricing legislation
19 August 2016 Global Tax Alert News from Transfer Pricing Turkey amends transfer pricing legislation EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into
More informationJapan and Chile sign income tax treaty
28 January 2016 Global Tax Alert Japan and Chile sign income tax treaty EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: www.ey.com/taxalerts
More informationGlobal Tax Alert. Spain proposes amendments to the Spanish ETVE and participation exemption regimes. Executive summary. Detailed discussion
12 September 2014 EY Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: http://www.ey.com/gl/en/ Services/Tax/International- Tax/Tax-alert-library#date
More informationUS IRS limits use of mandatory transfer pricing IDR and instructs examiners on penalties in transfer pricing cases
24 January 2018 Global Tax Alert News from Transfer Pricing US IRS limits use of mandatory transfer pricing IDR and instructs examiners on penalties in transfer pricing cases EY Global Tax Alert Library
More informationHong Kong and India sign income tax treaty
28 March 2018 Global Tax Alert Hong Kong and India sign income tax treaty EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: www.ey.com/taxalerts
More informationInland Revenue Authority of Singapore releases 2016 Transfer Pricing Guidelines
11 January 2016 Global Tax Alert News from Transfer Pricing Inland Revenue Authority of Singapore releases 2016 Transfer Pricing Guidelines EY Global Tax Alert Library Access both online and pdf versions
More informationIreland publishes Independent Review of Irish Corporate Tax Code
14 September 2017 Global Tax Alert Ireland publishes Independent Review of Irish Corporate Tax Code EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into
More informationG20 Leaders communiqué demonstrates continued support on tax issues, highlights new developments
10 July 2017 Global Tax Alert G20 Leaders communiqué demonstrates continued support on tax issues, highlights new developments EY Global Tax Alert Library Access both online and pdf versions of all EY
More informationCouncil of the EU reaches an agreement on new mandatory transparency rules for intermediaries and taxpayers
14 March 2018 Global Tax Alert Council of the EU reaches an agreement on new mandatory transparency rules for intermediaries and taxpayers EY Global Tax Alert Library Access both online and pdf versions
More informationUK s bilateral APA program for financial transactions is in line with growing global approach
5 November 2018 Global Tax Alert News from Transfer Pricing UK s bilateral APA program for financial transactions is in line with growing global approach NEW! EY Tax News Update: Global Edition EY s new
More informationEuropean Parliament votes in favor of public Country-by- Country reporting in first reading
7 July 2017 Global Tax Alert European Parliament votes in favor of public Country-by- Country reporting in first reading EY Global Tax Alert Library Access both online and pdf versions of all EY Global
More informationBarbados conducting review on OECD-designated preferential regimes
26 October 2017 Global Tax Alert News from Americas Tax Center Barbados conducting review on OECD-designated preferential regimes EY Global Tax Alert Library The EY Americas Tax Center brings together
More informationNew Zealand s incoming Government to prioritize International tax reforms
30 October 2017 Global Tax Alert New Zealand s incoming Government to prioritize International tax reforms EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy
More informationThe Netherlands and Switzerland sign agreements providing tax certainty for funds and investors
17 June 2016 Global Tax Alert The Netherlands and Switzerland sign agreements providing tax certainty for funds and investors EY Global Tax Alert Library Access both online and pdf versions of all EY Global
More informationCyprus Tax Authority issues guidance on revised transfer pricing framework for intra-group financing activities
5 July 2017 Global Tax Alert News from Transfer Pricing Cyprus Tax Authority issues guidance on revised transfer pricing framework for intra-group financing activities EY Global Tax Alert Library Access
More informationSouth African Revenue Service releases public notice on recordkeeping for transfer pricing transactions
9 November 2016 Global Tax Alert News from Transfer Pricing South African Revenue Service releases public notice on recordkeeping for transfer pricing transactions EY Global Tax Alert Library Access both
More informationIndia releases Annual Report covering transfer pricing and international tax developments
5 September 2014 Global Tax Alert News from Transfer Pricing EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: http://www.ey.com/gl/en/
More informationSpanish Tax Authorities deny withholding tax exemption on Spanishsourced. on lack of business purpose at EU parent entity level.
17 October 2016 Global Tax Alert Spanish Tax Authorities deny withholding tax exemption on Spanishsourced dividends based on lack of business purpose at EU parent entity level EY Global Tax Alert Library
More informationOECD s Forum on Tax Administration agrees on BEPS implementation, digital and capacity building
16 May 2016 Global Tax Alert OECD s Forum on Tax Administration agrees on BEPS implementation, digital and capacity building EY Global Tax Alert Library Access both online and pdf versions of all EY Global
More informationRussian Government issues bill for implementation of Automatic Exchange of Financial Account Information
19 September 2016 Global Tax Alert Russian Government issues bill for implementation of Automatic Exchange of Financial Account Information EY Global Tax Alert Library Access both online and pdf versions
More informationUK CFC rules: European Commission publishes opening decision on State aid
20 November 2017 Global Tax Alert UK CFC rules: European Commission publishes opening decision on State aid EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts.
More informationIRS issues annual APA report for 2013
31 March 2014 International Tax Alert News from Transfer Pricing EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: http://www.ey.com/gl/en/
More informationDutch Government launches internet consultation to amend the Dividend Withholding Tax Act
17 May 2017 Global Tax Alert Dutch Government launches internet consultation to amend the Dividend Withholding Tax Act EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax
More informationPakistan implements formal transfer pricing documentation and Country-by- Country Reporting requirements
7 August 2017 Global Tax Alert News from Transfer Pricing Pakistan implements formal transfer pricing documentation and Country-by- Country Reporting requirements EY Global Tax Alert Library Access both
More informationNew Australia- Germany Tax Treaty enters into force
12 December 2016 Global Tax Alert New Australia- Germany Tax Treaty enters into force EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser:
More informationAustralia s proposed Diverted Profits Tax to affect many multinational businesses
2 December 2016 Global Tax Alert Australia s proposed Diverted Profits Tax to affect many multinational businesses EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts.
More informationNorway to impose new tax liability rules and requirements for applying reduced withholding tax rate on dividend payments to foreign shareholders
28 March 2017 Global Tax Alert Norway to impose new tax liability rules and requirements for applying reduced withholding tax rate on dividend payments to foreign shareholders EY Global Tax Alert Library
More informationOECD releases draft changes to be incorporated in 2017 update to OECD Model Tax Convention
28 July 2017 Global Tax Alert OECD releases draft changes to be incorporated in 2017 update to OECD Model Tax Convention EY Global Tax Alert Library Access both online and pdf versions of all EY Global
More informationHong Kong-India income tax treaty enters into force
6 December 2018 Global Tax Alert Hong Kong-India income tax treaty enters into force NEW! EY Tax News Update: Global Edition EY s new Tax News Update: Global Edition is a free, personalized email subscription
More informationExecutive summary. Detailed discussion. EY Global Tax Alert Library
22 December 2016 International Tax Alert US final regulations retroactively eliminate Section 367(d) s exception for foreign goodwill and going concern value and narrow Section 367(a) s active trade or
More informationOECD invites comments on discussion draft on treaty residence of pension funds
4 March 2016 Global Tax Alert OECD invites comments on discussion draft on treaty residence of pension funds EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts.
More informationUS Tax Court holds IRS was arbitrary, capricious and unreasonable in determining Amazon subsidiary s buy-in payment
28 March 2017 International Tax Alert News from Transfer Pricing US Tax Court holds IRS was arbitrary, capricious and unreasonable in determining Amazon subsidiary s buy-in payment EY Global Tax Alert
More informationLuxembourg explains its positions on Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS
13 June 2017 Global Tax Alert Luxembourg explains its positions on Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS EY Global Tax Alert Library Access both online and pdf
More informationDutch Government releases fiscal policy agenda
26 February 2018 Global Tax Alert Dutch Government releases fiscal policy agenda EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser:
More informationIndonesia releases implementing regulations on Country-by- Country Reporting
24 January 2018 Global Tax Alert News from Transfer Pricing Indonesia releases implementing regulations on Country-by- Country Reporting EY Global Tax Alert Library Access both online and pdf versions
More informationSpain to require electronic records and submission for VAT books starting July 2017
12 December 2016 Indirect Tax Alert Spain to require electronic records and submission for VAT books starting July 2017 EY Global Tax Alert Library Access both online and pdf versions of all EY Global
More informationChina s SAT issues new guidance on administration of advance pricing agreements
21 October 2016 Global Tax Alert News from Transfer Pricing China s SAT issues new guidance on administration of advance pricing agreements EY Global Tax Alert Library Access both online and pdf versions
More informationThe Netherlands publishes 2018 Budget Proposals including changes to Dutch Dividend Withholding Tax Act
19 September 2017 Global Tax Alert The Netherlands publishes 2018 Budget Proposals including changes to Dutch Dividend Withholding Tax Act EY Global Tax Alert Library Access both online and pdf versions
More informationUK launches review of corporate intangible fixed assets regime
20 February 2018 Global Tax Alert UK launches review of corporate intangible fixed assets regime EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your
More informationSpain proposes to strengthen CFC rules
5 November 2014 EY Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: http://www.ey.com/gl/en/ Services/Tax/International- Tax/Tax-alert-library#date Spain
More informationEU Finance Ministers reach conclusions on new rules for Code of Conduct
14 March 2016 Global Tax Alert News from EU Tax Services EU Finance Ministers reach conclusions on new rules for Code of Conduct EY Global Tax Alert Library Access both online and pdf versions of all EY
More informationEU AG issues opinion on Danish withholding tax on dividends and interest
2 March 2018 Global Tax Alert EU AG issues opinion on Danish withholding tax on dividends and interest EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy
More informationUS IRS concludes gain recognition agreements and related filings not affected by short tax years
30 November 2017 Global Tax Alert US IRS concludes gain recognition agreements and related filings not affected by short tax years EY Global Tax Alert Library Access both online and pdf versions of all
More informationDutch Government publishes 2017 Budget Proposal
20 September 2016 Global Tax Alert Dutch Government publishes 2017 Budget Proposal EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser:
More informationDutch Government releases proposed amendments to interest limitation provisions for consultation
23 June 2016 Global Tax Alert Dutch Government releases proposed amendments to interest limitation provisions for consultation EY Global Tax Alert Library Access both online and pdf versions of all EY
More informationIRS issues guidance on treatment under Sections 482 and 901 of transactions with foreign branches or disregarded entities
12 December 2013 International Tax Alert News from Transfer Pricing EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: http://www.ey.com/gl/en/
More informationNew Protocol to Mexico-Spain Treaty to enter into force
24 July 2017 Global Tax Alert News from Americas Tax Center New Protocol to Mexico-Spain Treaty to enter into force EY Global Tax Alert Library The EY Americas Tax Center brings together the experience
More informationGlobal Tax Alert. Spain releases second draft bill amending Spanish tax system. Executive summary. Detailed discussion
7 August 2014 EY Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: http://www.ey.com/gl/en/ Services/Tax/International- Tax/Tax-alert-library#date Spain
More informationOECD releases final report on preventing the artificial avoidance of permanent establishment status under Action 7
19 October 2015 Global Tax Alert EY OECD BEPS project Stay up-to-date on OECD s project on Base Erosion and Profit Shifting with EY s online site containing a comprehensive collection of resources, including
More informationNorway signs Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS
18 August 2017 Global Tax Alert Norway signs Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS EY Global Tax Alert Library Access both online and pdf versions of all EY Global
More informationAustria publishes draft regulation for implementation of Transfer Pricing Documentation Law
3 June 2016 Global Tax Alert News from Transfer Pricing Austria publishes draft regulation for implementation of Transfer Pricing Documentation Law EY Global Tax Alert Library Access both online and pdf
More informationHong Kong introduces legislative bill for corporate treasury center incentives
11 December 2015 Global Tax Alert Hong Kong introduces legislative bill for corporate treasury center incentives EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts.
More informationExecutive summary. EY Global Tax Alert Library
20 December 2016 Global Tax Alert Germany publishes draft bill to restrict deduction of royalties to affiliated foreign entities that benefit from IP regimes without substantial local R&D activities EY
More informationRussian Finance Ministry communications clarify imposition of withholding tax on international transportation services
5 March 2018 Global Tax Alert Russian Finance Ministry communications clarify imposition of withholding tax on international transportation services EY Global Tax Alert Library Access both online and pdf
More informationDanish Government publishes report on dividend withholding tax
29 September 2015 EY Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: http://www.ey.com/gl/en/ Services/Tax/International- Tax/Tax-alert-library#date
More informationGerman Ministry of Finance publishes draft bill to implement countryby-country. other measures against base erosion and profit shifting
2 June 2016 Global Tax Alert German Ministry of Finance publishes draft bill to implement countryby-country reporting and other measures against base erosion and profit shifting EY Global Tax Alert Library
More informationEgypt implements new transfer pricing guidelines
7 November 2018 Global Tax Alert News from Transfer Pricing Egypt implements new transfer pricing guidelines NEW! EY Tax News Update: Global Edition EY s new Tax News Update: Global Edition is a free,
More informationUS IRS issues examination guidelines on Form 1120-F filing deadline waivers
2 March 2018 Global Tax Alert US IRS issues examination guidelines on Form 1120-F filing deadline waivers EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy
More informationUS Treasury intends to delay application of final regulations under Section 987 by one year
4 October 2017 Global Tax Alert US Treasury intends to delay application of final regulations under Section 987 by one year Immediate pre-transition considerations remain for taxpayers EY Global Tax Alert
More informationNew Zealand to implement wide ranging international tax reforms
15 August 2017 Global Tax Alert New Zealand to implement wide ranging international tax reforms EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your
More informationIndian Tax Administration releases draft rules on Country-by-Country reporting and Master File implementation for public comment
10 October 2017 Global Tax Alert News from Transfer Pricing Indian Tax Administration releases draft rules on Country-by-Country reporting and Master File implementation for public comment EY Global Tax
More informationIndonesia releases amendments to the anti-tax treaty abuse rules
6 December 2018 Global Tax Alert Indonesia releases amendments to the anti-tax treaty abuse rules NEW! EY Tax News Update: Global Edition EY s new Tax News Update: Global Edition is a free, personalized
More informationSpain to require maintenance and submission of VAT books by electronic means
24 November 2015 Indirect Tax Alert Spain to require maintenance and submission of VAT books by electronic means EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts.
More informationUS: Forthcoming proposed regulations will offer some clarity on Section 163(j) business interest expense limitation
9 April 2018 Global Tax Alert US: Forthcoming proposed regulations will offer some clarity on Section 163(j) business interest expense limitation EY Global Tax Alert Library Access both online and pdf
More informationSingapore enacts transfer pricing documentation requirements and publishes updated transfer pricing guidelines
26 March 2018 Global Tax Alert News from Transfer Pricing Singapore enacts transfer pricing documentation requirements and publishes updated transfer pricing guidelines EY Global Tax Alert Library Access
More informationKenya Revenue Authority issues guidelines on tax amnesty on foreign income
15 March 2017 Global Tax Alert Kenya Revenue Authority issues guidelines on tax amnesty on foreign income EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy
More informationSouth African Tax Authority clarifies corporate tax classification of risk policies and once-off election for long-term insurers
17 February 2017 Global Tax Alert South African Tax Authority clarifies corporate tax classification of risk policies and once-off election for long-term insurers EY Global Tax Alert Library Access both
More informationItaly issues additional clarifications on Patent Box regime
8 April 2016 Global Tax Alert Italy issues additional clarifications on Patent Box regime EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web
More informationOECD meets with business on base erosion and profit shifting action plan
4 October 2013 OECD meets with business on base erosion and profit shifting action plan Executive summary On 1 October 2013, the Organisation for Economic Cooperation and Development (OECD) held a meeting
More informationSouth African Revenue Service issues Country-by Country reporting, master file and local file guidance
26 June 2017 Global Tax Alert News from Transfer Pricing South African Revenue Service issues Country-by Country reporting, master file and local file guidance EY Global Tax Alert Library Access both online
More informationDutch Lower Court requests Dutch Supreme Court to reconsider its case law on withholding tax reclaim requests filed by foreign investment funds
6 September 2016 Global Tax Alert Dutch Lower Court requests Dutch Supreme Court to reconsider its case law on withholding tax reclaim requests filed by foreign investment funds EY Global Tax Alert Library
More informationIndian Tax Administration releases final rules on Country-by-Country reporting and Master File implementation
6 November 2017 Global Tax Alert News from Transfer Pricing Indian Tax Administration releases final rules on Country-by-Country reporting and Master File implementation EY Global Tax Alert Library Access
More informationSouth Africa proposes amendments to hybrid debt and hybrid equity instrument legislation
12 July 2016 Global Tax Alert South Africa proposes amendments to hybrid debt and hybrid equity instrument legislation EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax
More informationUK publishes draft legislation on restrictions for UK interest deductions
12 December 2016 Global Tax Alert UK publishes draft legislation on restrictions for UK interest deductions EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts.
More informationPuerto Rico extends automatic extension period for filing a 2017 tax return from three months to six months
17 April 2018 Global Tax Alert News from Americas Tax Center Puerto Rico extends automatic extension period for filing a 2017 tax return from three months to six months EY Global Tax Alert Library The
More informationIsrael reduces limitations on tax free reorganizations
24 August 2017 Global Tax Alert Israel reduces limitations on tax free reorganizations EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser:
More informationUS IRS suspends application of new Section 1446(f) withholding requirement on dispositions of publicly traded partnership interests
12 January 2018 Global Tax Alert US IRS suspends application of new Section 1446(f) withholding requirement on dispositions of publicly traded partnership interests EY Global Tax Alert Library Access both
More informationHong Kong releases new practice note on concessionary tax regime for qualifying aircraft leasing activities
10 November 2017 Global Tax Alert Hong Kong releases new practice note on concessionary tax regime for qualifying aircraft leasing activities EY Global Tax Alert Library Access both online and pdf versions
More informationCanada: Ontario Ministry of Finance seeks input on proposals to facilitate compliance with the Land Transfer Tax Act
24 July 2017 Indirect Tax Alert News from Americas Tax Center Canada: Ontario Ministry of Finance seeks input on proposals to facilitate compliance with the Land Transfer Tax Act EY Global Tax Alert Library
More informationUS Treasury grants yet another extension of time for reporting signature authority (FBAR, Form 114) over certain foreign financial accounts
11 January 2018 Global Tax Alert US Treasury grants yet another extension of time for reporting signature authority (FBAR, Form 114) over certain foreign financial accounts EY Global Tax Alert Library
More information