Tax & Accounting Blog

Denmark Updates Tax Guide Addressing Certain BEPS Provisions

Denmark Updates Tax Guide Addressing Certain BEPS Provisions

On January 29, 2016, the Danish tax authorities (SKAT) issued Legal Guidance 2016-1, which provides background information on Denmark’s tax system and its application, including its Controlled Foreign Company (CFC) rules  (OECD BEPS Action 3), transfer pricing rules (BEPS Actions 8-10), and transfer pricing documentation rules (OECD BEPS Action … Read More

Belgium Publishes Plan to Address BEPS and Combat Tax Fraud

Belgium Publishes Plan to Address BEPS and Combat Tax Fraud

On December 3, 2015, the Belgian Minister of Finance published a policy note entitled the Plan to Combat the Tax Fraud (the Plan), which addresses Belgium’s potential implementation of the OECD BEPS Project recommendations issued on October 5, 2015. The goal of the Plan is to have coordinated, as opposed to unilateral, … Read More

South Africa on Track to Implement Country-by-Country Reporting

South Africa on Track to Implement Country-by-Country Reporting

On December 23, 2014, South Africa’s Davis Tax Committee (“DTC”) released a First Interim Report on BEPS (the Report) for public comment. The DTC was formed by the Minister of Finance on July 17, 2013 to “evaluate the South African tax system against the international tax trends, principles and practices, as well as recent … Read More

Finland Requests Comments on Transfer Pricing Documentation Rules and Country-by-Country Reporting

Finland Requests Comments on Transfer Pricing Documentation Rules and Country-by-Country Reporting

On December 21, 2015, the Finnish Ministry of Finance released for public comment a draft bill (the ‘proposal’) to revise the transfer pricing documentation rules and introduce country-by-country (CbC) reporting. The proposal includes CbC, master file and local file requirements, and penalty provisions. The contents of the proposal follow the OECD … Read More

BEPS Blog Series Part 2: Determining the best data source for BEPS compliance

BEPS Blog Series Part 2: Determining the best data source for BEPS compliance

Intelligence to help MNEs choose Our three-part blog series will offer insights on BEPS compliance and country-by-country reporting for transfer pricing professionals. If you missed part 1, you can read it here. When it comes to choosing a reporting basis for Country by Country (CbC) Reporting, the OECD has stated that multinational enterprises (MNEs) … Read More

Using technology to address the challenges of BEPS

Using technology to address the challenges of BEPS

Introducing ONESOURCE BEPS Action Manager. If you’re a corporate tax professional, you know about BEPS. You know that it is transforming the global tax landscape and will bring about unprecedented change to the way you report data to taxing authorities in countries across the globe. You know that country-by-country reporting will increase scrutiny and … Read More