Tax & Accounting Blog

India Extends Deadline for Filing Country-by-Country Reports

India Extends Deadline for Filing Country-by-Country Reports

On October 25, 2017, India’s Central Board of Direct Taxes (CBDT) issued Circular No. 26/2017 on the deadline for submitting a country-by-country (CbC) report. See BEPS Action 13. CBDT has extended the due date for submission of the CbC report, by the parent/reporting entity that is an Indian resident, for the reporting accounting … Read More

U.S. IRS Requests Comments on Disclosure of Reportable Transactions

U.S. IRS Requests Comments on Disclosure of Reportable Transactions

On October 20, 2017, the U.S. Treasury Department and the Internal Revenue Service (IRS) published a notice in the Federal Register requesting comments on Form 13976 (Itemized Statement Component of Advisee List), which provides material advisors a format for preparing and maintaining an itemized statement with respect to a reportable transaction. The IRS … Read More