Tax & Accounting Blog

India Issues Consultation on Master File and Country-by-Country Report

India Issues Consultation on Master File and Country-by-Country Report

On October 6, 2017, the Indian Central Board of Direct Taxes (CBDT) issued a consultation on updates to the rules on country-by-country (CbC) reporting and the master file. See BEPS Action 13. Comments are due by October 16, 2017. Section 286 of the Income-tax Act, 1961 (the “Act”)  requires the submission of … Read More

New Zealand Publishes Guidance on Country-by-Country Reporting

New Zealand Publishes Guidance on Country-by-Country Reporting

On April 26, 2017, New Zealand Inland Revenue (“Revenue”) published guidance on country-by-country (CbC) reporting requirements under OECD BEPS Action 13. These requirements apply to corporate groups headquartered in New Zealand with annual consolidated group revenue of over €750 million. See the required CbC Report (Form IR 1032). Approximately 20 New Zealand-headquartered … Read More

Mercosur / European Union FTA: A Watershed in Brazil’s Participation in International Agreements

Mercosur / European Union FTA: A Watershed in Brazil’s Participation in International Agreements

Since 1995, when Mercosur signed a framework agreement with the European Union (EU) signaling a commitment to pursue free trade agreements between the two blocs, we have seen several failed negotiations and ultimately a postponed dream to establish one of the largest free trade agreements in the world, outside of what we recently saw with … Read More

Argentina Implements CbC Reporting Requirements

Argentina Implements CbC Reporting Requirements

On September 20, 2017, the Argentine tax authorities (Administración Federal de Ingresos Públicos or AFIP) issued General Resolution No. 4130-E to introduce country-by-country (CbC) reporting requirements that align with the BEPS Action 13 minimum standard. The measures were published in Argentina’s official gazette the same day, and entered into force accordingly. The AFIP … Read More