Tax & Accounting Blog

China New Customs Inspection Changes

China New Customs Inspection Changes

Blog, Global Trade, ONESOURCE December 29, 2016

On 19 June 2016, the China State Council released the Decision of Revising Customs Inspection Rules of the People’s Republic of China (State Council Announcement [2016] No.670), which took effect on 1 October 2016. Because the last version of Customs Inspection Rules was released in 1997, the State Council spent two years trying to understand … Read More

Country-by-Country Reporting Proposals Achieve Royal Assent in Canada

Country-by-Country Reporting Proposals Achieve Royal Assent in Canada

On December 15, 2016, Bill C-29 (“Bill”) received Royal Assent by the Canadian Parliament, implementing certain proposed and confirmed provisions from the March 22, 2016 budget. The Bill includes amendments to the Income Tax Act (“Act”) with respect to CbC reporting (proposed in March 22 budget) and the common reporting standard for the … Read More

Think Outside the Box This Year!

Think Outside the Box This Year!

Author: Ankita Bajaj Every holiday season we all notice that our waist bands get a little bigger and our wallets get a little thinner. My family spends so much time feasting around the table that Christmas gift shopping becomes a last minute dash. The siblings in my home are always scurrying around trying to find … Read More

Good things come to those who wait…Arizona TPT Simplification is finally here!

Good things come to those who wait…Arizona TPT Simplification is finally here!

Years after the state of Arizona passed a Transaction Privilege Tax (TPT) Simplification bill, the Department of Revenue will soon implement its system to be the single point of contact for taxpayers to file their TPT returns. Starting in January 2017, the Arizona Department of Revenue will collect and administer all state, county, and city … Read More