Tax & Accounting Blog

Singapore: Transfer Pricing Administration – Form for Related Party Transactions

Singapore: Transfer Pricing Administration – Form for Related Party Transactions

On November 3, 2016, the Inland Revenue Authority of Singapore (IRAS) said that, from Year of Assessment (YA) 2018, taxpayers must report certain details of related party transactions (RPT), if the value of RPT in the audited accounts for the financial year exceeds S$15,000,000. The Form for Reporting Related Party Transactions should be … Read More

Final Regulations Issued on U.S. Property Held by CFCs in Partnership Transactions

Final Regulations Issued on U.S. Property Held by CFCs in Partnership Transactions

Treasury and IRS issued final regulations (Final Regulations) on partnership transactions where U.S. property is held by a controlled foreign corporation (CFC). See BEPS Action 3 and Internal Revenue Code (IRC) section 956. The Final Regulations were filed on November 2, 2016 and are scheduled to be published in … Read More

Preparing for Black November: Determine Your Tax Reach

Preparing for Black November: Determine Your Tax Reach

In this blog post we will discuss the importance of determining your tax reach.  Your activities within each tax jurisdiction drive the requirements for whether you must register to collect indirect tax and correspondingly remit the tax.  The minimum activity that creates nexus and the need to register with a tax jurisdiction continues to evolve … Read More

Trade Between Brazil and Canada—Past, Present and Future (Pt 1)

Trade Between Brazil and Canada—Past, Present and Future (Pt 1)

Introduction Brazil and Canada have developed and improved their economic relationship throughout the years, particularly in the last couple of years as they’ve strengthened ties and increased the flow of goods and services. The resulting relationship is a strong and dynamic partnership.  Moreover, the numbers confirm their strong ties: in the last decade, trade between … Read More