Tax & Accounting Blog

Trade Between Brazil and Canada – Past, Present and Future (Pt 3)

Trade Between Brazil and Canada – Past, Present and Future (Pt 3)

Mercosur/Canada Free Trade Agreement Mercosur and Canada held exploratory meetings in the past to assess the feasibility of opening formal FTA negotiations, after which resulted public consultations to better understand the Brazilian private sector needs. However, resistance (mainly from Argentina) prevented further serious consideration. On 16 June 1988, Canada attempted to begin negotiations with Mercosur … Read More

Geography Awareness Week

Geography Awareness Week

Happy Day of GIS! It is the third Wednesday in November which is the day on which we celebrate Geographic Information Systems within the context of Geography Awareness Week. Geography influences everything from biology to politics, from weather to tax calculations. And Geographic Information Systems (GIS), gives us a way to collect, display, and analyze … Read More

France Publishes Legislation Proposing to Introduce Public Country-by-Country Reporting

France Publishes Legislation Proposing to Introduce Public Country-by-Country Reporting

On November 8, 2016, France published the transparency and anti-corruption bill (Law No. 830). See also corresponding Explanatory Report. A key measure included in the bill is the proposed adoption of public country-by-country (CbC) reporting. See BEPS Action 13. Companies that prepare consolidated accounts with turnover of at least … Read More

Germany Implements Automatic Exchange of CbC Reporting Information

Germany Implements Automatic Exchange of CbC Reporting Information

While Germany has not yet adopted the country-by-country (CbC) reporting proposals that the Ministry of Finance (MOF) sent to Parliament for consideration on July 13, 2016, on October 25, 2016, Germany published legislation in the official gazette that  the MOF issued on April 12, 2016.  The legislation implements the OECD Multilateral … Read More

South Africa Increases Transfer Pricing Documentation Requirements

South Africa Increases Transfer Pricing Documentation Requirements

On October 28, 2016, the South Africa Revenue Service (SARS) issued Notice No. 1334 concerning additional transfer pricing documentation requirements, under Section 29 of the Tax Administration Act, for South African companies with cross-border related-party transactions that exceed R 100 million each year in the aggregate. If the threshold is met, the additional … Read More