Tax & Accounting Blog

Portugal Approves Country-by-Country Notification Form

Portugal Approves Country-by-Country Notification Form

On December 11, 2017, the Portuguese government issued Order 367/2017 approving the model declaration, “Communication of the Identification of the Declarant Entity – Financial and Tax Declaration by Country” (Model 54), under Article 121-A(4) of the Income Tax Code (ITC) . The declaration, which represents a notification for country-by-country (CbC) reporting … Read More

Meaningful Changes to REPETRO SPED Could Rebuild the Oil and Gas Sector in Brazil

Meaningful Changes to REPETRO SPED Could Rebuild the Oil and Gas Sector in Brazil

Brazil has several customs programs that provide incentives to the oil and gas sectors, one of which is the Special Regime of Incentives for the Development of the Oil Industry Infrastructure, better known by its Brazilian acronym – REPETRO. REPETRO is a special customs program that was designed for the export and import of goods … Read More

France Announces Transitional Measure on Country-by-Country Reporting

France Announces Transitional Measure on Country-by-Country Reporting

On December 4, 2017, France announced a transitional measure on CbC reporting. If a parent company located in a jurisdiction that does not have a CbC exchange agreement with France voluntarily submits a CbC report for a financial year beginning on January 1, 2016, and the CbC report is transmitted by … Read More

12 Rules for a Successful Global Tax System Implementation

12 Rules for a Successful Global Tax System Implementation

The world of tax automation can be a tricky place for customers rolling out a tax solution. That situation can be made even more challenging when that solution is global in nature. Here are some helpful tips to consider when embarking on the implementation journey: 1. Understand your business landscape. The first step to effectively … Read More