Tax & Accounting Blog

Mexico Publishes Modifications to Transfer Pricing Documentation Requirements

Mexico Publishes Modifications to Transfer Pricing Documentation Requirements

On April 3, 2017, Mexico’s Office of the Taxpayer Advocate (PRODECON) published a final report for presenting the master file, local file and country-by-country (CbC) report under Article 76-A of the Income Tax Law. These documentation requirements apply from January 1, 2016, with initial CbC reports due by December 31, 2017 … Read More

The Netherlands Issues Proposed Beneficial Ownership Register Legislation

The Netherlands Issues Proposed Beneficial Ownership Register Legislation

On March 31, 2017, the Dutch Ministry of Finance issued a public consultation (and explanatory report) on draft legislation that would introduce a beneficial ownership register (registratie uiteindelijk belanghebbenden) in the Trade Register Act 2007 via the Fourth EU Anti-Money Laundering Directive (2015/849) (the "Directive" or AMLD4) of May 20, 2015. … Read More

U.K. Issues Draft Updated Guidance on Corporate Interest Restriction

U.K. Issues Draft Updated Guidance on Corporate Interest Restriction

On March 31, 2017, the U.K. HM Revenue & Customs (HMRC) issued draft updated guidance on corporate interest restriction. The rules are contained within Part 10 of Taxation (International and Other Provisions) Act 2010. The corporate interest restriction will have effect from April 1, 2017, and all periods of account of … Read More