Tax & Accounting Blog

Italy Issues Guidance on Patent Box Election Requirements

Italy Issues Guidance on Patent Box Election Requirements

On May 6, 2016, the Italian tax authorities (ITA) issued Protocol No. 67014 concerning procedures for obtaining advance tax rulings for qualifying taxpayers electing application of the patent box regime. Starting May 6, 2016, qualifying taxpayers with turnover (or gross revenues) up to €300 million must submit their applications (and related supporting documentation) … Read More

Austrian Ministry of Finance Issues Draft Transfer Pricing Documentation Legislation

Austrian Ministry of Finance Issues Draft Transfer Pricing Documentation Legislation

On May 11, 2016, the Austrian Ministry of Finance published a draft version of the EU Tax Amendment Act 2016 (EU-Abgabenänderungsgesetz 2016) and submitted it for approval. The draft bill provides for the implementation of country-by-country reporting (CbCR), as recommended by OECD BEPS Action 13 and the implementation of the Directive … Read More

KPMG’s Manal Corwin on Companies’ Response to BEPS Action 13

KPMG’s Manal Corwin on Companies’ Response to BEPS Action 13

Manal Corwin is national leader of the International Tax practice of KPMG LLP and principal in charge of International Tax Policy in the firm’s Washington National Tax practice. She is also the former deputy assistant secretary for International Tax Affairs in the Office of Tax Policy at the U.S. Department of the Treasury. While at … Read More