Tax & Accounting Blog

Will US Country-by-Country Voluntary Filing Offer A Reasonable Alternative to Fulfill 2016 Tax Year Obligations?

Will US Country-by-Country Voluntary Filing Offer A Reasonable Alternative to Fulfill 2016 Tax Year Obligations?

BEPS, Blog, ONESOURCE November 3, 2016

The US regulations provide that Country-by-Country (“CbC”) Reporting for US HQ MNEs must be filed with the ultimate parent entity’s income tax return for the taxable year beginning on or after June 30, 2016. In contrast, pursuant to the OECD guidance, CbC reporting is to become effective for fiscal years starting on or after January … Read More

Hong Kong Launches Consultation on Implementation of OECD BEPS Measures

Hong Kong Launches Consultation on Implementation of OECD BEPS Measures

As a major trading centre, Hong Kong's commitment to, and implementation of, the OECD/G20 BEPS measures is of considerable interest. Hong Kong is an Associate in the inclusive framework established by the OECD for implementing the BEPS package. In a significant development, the Hong Kong Government on October 26, 2016 launched a consultation … Read More

The sales tax busy season begins with Black November! Are you ready? (Part 2)

The sales tax busy season begins with Black November! Are you ready? (Part 2)

In our previous post we reviewed the need for an accurate and fast sales transaction solution for your business to handle any increase in sales traffic you may experience during Black November, holidays and throughout the year. In this post we will review more of the details of what you can do to fulfill … Read More

IMMEX: Cross-Border Opportunities

IMMEX: Cross-Border Opportunities

By November 1st 2006, the Mexican Government had established the IMMEX Program[1] which offers incentives for companies manufacturing and exporting goods in Mexico. The program provides the participants with IVA/IEPS Certification[2] the ability to temporarily import, free of duties (IGI) and VAT (IVA), the necessary production inputs and assets for use … Read More

The sales tax busy season begins with Black November! Are you ready?

The sales tax busy season begins with Black November! Are you ready?

A common theme among business owners is to ramp up in October to meet the demands of Black Friday and the following busy holiday shopping season.  However, recent surveys are pointing to an increasing trend of shoppers starting well before Black Friday, the traditional start of the holiday retail season. Today, the holiday season begins with … Read More