Tax & Accounting Blog

Finland Issues Guidance on Country-by-Country Reporting

Finland Issues Guidance on Country-by-Country Reporting

On December 21, 2016, the Finnish Tax Administration (VERO) issued Draft Guidance A240/200/2016 on country-by-country (CbC) reporting requirements ("Guidance"), the provisions of which entered into force on January 1, 2017. The Guidance provides information on CbC reporting requirements and deadlines, and is aligned with the OECD BEPS Action 13 final report. The first … Read More

The 10 Elements of a Powerful Email Message

The 10 Elements of a Powerful Email Message

“To delete or not to delete?” This is the question your email recipients ask themselves when scanning your email in their inbox. On average, 51.1% of readers spend less than two seconds looking at your email*. To ensure that your email isn’t sent straight to the Recycle Bin, you should employ a combination of proven … Read More

U.S. IRS Releases Information on Early Filing of Form 8975 and Schedule A

U.S. IRS Releases Information on Early Filing of Form 8975 and Schedule A

On January 19, 2017, the U.S. Internal Revenue Service (IRS) released Revenue Procedure 2017-23, which describes the process for filing Form 8975, Country-by-Country Report, and accompanying Schedule A, Tax Jurisdiction and Constituent Entity Information (collectively, Form 8975), by ultimate parent entities of U.S. multinational enterprise (MNE) groups for reporting … Read More

“Make in India” – Tread The Digital Highway to Move Forward

“Make in India” – Tread The Digital Highway to Move Forward

The supply chain management challenges affecting or likely to affect “Make in India” Initiative ’Make in India’ is  defined as a vision to transform India into a global manufacturing and export hub, but it is much more than simply that. The primary objective of this initiative is to attract foreign investments and strengthen India’s manufacturing … Read More

EU and the Possible Application of a Generalised Reverse Charge Mechanism

EU and the Possible Application of a Generalised Reverse Charge Mechanism

The European Commission has recently adopted a proposal for a Council Directive which aims to amend the VAT Directive, introducing on temporary basis a generalised reverse charge mechanism (GRCM) for the supply of goods and services above a certain threshold. The adoption of this measure is important for the Commission, as large amounts of … Read More