Tax & Accounting Blog

South Africa Increases Transfer Pricing Documentation Requirements

South Africa Increases Transfer Pricing Documentation Requirements

On October 28, 2016, the South Africa Revenue Service (SARS) issued Notice No. 1334 concerning additional transfer pricing documentation requirements, under Section 29 of the Tax Administration Act, for South African companies with cross-border related-party transactions that exceed R 100 million each year in the aggregate. If the threshold is met, the additional … Read More

The Value of Creativity in Marketing (Plus 5 Inspiring and Tweetable Quotes)

The Value of Creativity in Marketing (Plus 5 Inspiring and Tweetable Quotes)

According to Forbes, getting the word out about your company is a constant challenge, but not impossible when done creatively. In order to win, your brand marketing must be so compelling that it cannot be ignored. Marketing isn’t just about fonts and colors. There is a high value placed on creativity in marketing. How … Read More

Brazil Publishes Consultation on Implementation of Country-by-Country Reporting

Brazil Publishes Consultation on Implementation of Country-by-Country Reporting

On November 7, 2016, Brazil’s Ministry of Finance and the Brazilian IRS published Public Consultation RFB No.11/2016 to implement annual country-by-country (CbC) reporting in Brazil. See BEPS Action 13. The consultation runs from November 7 to November 21, 2016. The consultation says that if Brazil does not implement CbC reporting, then … Read More

10 Inspirational Thanksgiving Quotes to Fuel Your Holiday

10 Inspirational Thanksgiving Quotes to Fuel Your Holiday

Thanksgiving Day can be an emotional holiday. You may have a hilarious list of Thanksgiving quotes from prior family dinners that aren’t quite suitable for publishing. Those are memories you get to keep forever. But if you’re looking for a little help to make it through the day, here are 10 of my personal favorite inspirational Thanksgiving … Read More

Singapore: Transfer Pricing Administration – Form for Related Party Transactions

Singapore: Transfer Pricing Administration – Form for Related Party Transactions

On November 3, 2016, the Inland Revenue Authority of Singapore (IRAS) said that, from Year of Assessment (YA) 2018, taxpayers must report certain details of related party transactions (RPT), if the value of RPT in the audited accounts for the financial year exceeds S$15,000,000. The Form for Reporting Related Party Transactions should be … Read More

Final Regulations Issued on U.S. Property Held by CFCs in Partnership Transactions

Final Regulations Issued on U.S. Property Held by CFCs in Partnership Transactions

Treasury and IRS issued final regulations (Final Regulations) on partnership transactions where U.S. property is held by a controlled foreign corporation (CFC). See BEPS Action 3 and Internal Revenue Code (IRC) section 956. The Final Regulations were filed on November 2, 2016 and are scheduled to be published in … Read More