Tax & Accounting Blog

European Commission Says U.S. BEAT and FDII Rules May Violate Int’l Standards

European Commission Says U.S. BEAT and FDII Rules May Violate Int’l Standards

On March 22, 2018, Pierre Moscovici, Tax Commissioner at the European Commission, said during a meeting of the European Parliament that the EU may challenge the foreign-derived intangible income (FDII) and base erosion and anti-abuse tax (BEAT) rules, introduced by the 2017 U.S. tax reform legislation (the Read More

India Signs Income Tax Treaty and Protocol with Hong Kong, Includes BEPS Measures

India Signs Income Tax Treaty and Protocol with Hong Kong, Includes BEPS Measures

On March 19, 2018, officials from India and Hong Kong signed an income tax treaty and protocol, the first between the two jurisdictions. The treaty and protocol will enter into force after both countries exchange their ratification instruments, and will apply from January 1st of the year following its entry into … Read More

Malaysia Publishes Updated TP Documentation Form

Malaysia Publishes Updated TP Documentation Form

On August 17, 2017, the Inland Revenue Board of Malaysia (IRBM) issued an updated Form MNE (PIN 1/2017) to collect certain information from taxpayers about their cross-border transactions for transfer pricing risk assessment purposes. Form MNE is Malaysia’s form of master file, covered under the OECD BEPS Action 13 recommendations. The … Read More