Tax & Accounting Blog

Mexico Announces Release of Online Platform and Forms for Filing Transfer Pricing Documentation

Mexico Announces Release of Online Platform and Forms for Filing Transfer Pricing Documentation

On October 31, 2017, the Mexican tax authority (Servico de Administracion Tributaria or SAT) announced that its online platform and electronic forms will be ready starting on November 1, 2017, for taxpayers to file their new transfer pricing documentation (i.e., country-by-country (CbC) report, master file, and local file). Editor’s Note: This means that there … Read More

4 Tips for a Smooth Sales Tax Software Transition


4 Tips for a Smooth Sales Tax Software Transition


If you’re considering switching sales tax software systems, you’ve probably done your homework—everything from making a thorough pro-con list to performing a cost comparison. As a savvy tax professional, you’re looking for a software solution that automates every step of the transaction tax lifecycle. But switching to a new sales tax system can be intimidating, … Read More

Corrected: U.S. May Not Finalize All CbCR Exchange Agreements by 2017 Deadline

Corrected: U.S. May Not Finalize All CbCR Exchange Agreements by 2017 Deadline

On October 27, 2017, a U.S. Internal Revenue Service (IRS) Large Business and International (LB&I) official, Theodore Setzer (Assistant Deputy Commissioner – International), said during an ABA Tax Section conference in Washington, D.C. that the IRS may not be able to sign some bilateral competent authority agreements (CAAs) in 2017 with its treaty partners … Read More

Origin of Goods: Who Buys From Whom?

Origin of Goods: Who Buys From Whom?

Blog, Global Trade, ONESOURCE November 3, 2017

Globalization has caused many nations’ economies to depend heavily on globalization. Although there are different points of view, we saw the effects of this dependency on raw materials reflected during the 2010 to 2014 Euro crisis, and the slowing of the Chinese economy during 2011-2016. Understandably, countries that are open to international trade not only … Read More

India Issues Final Rules on Master File and Country-by-Country Report Requirements

India Issues Final Rules on Master File and Country-by-Country Report Requirements

On November 1, 2017, the Indian Ministry of Finance issued a press release on the Central Board of Direct Taxes (CBDT) rules regarding transfer pricing documentation (TPD) in the master file and country-by-country (CbC) report. India has implemented the OECD BEPS Action 13 recommendations on TPD and CbC reporting by adding section … Read More