Tax & Accounting Blog

CbC Reporting in Countries without a BCAA with the US-Surrogate or Local Filing

CbC Reporting in Countries without a BCAA with the US-Surrogate or Local Filing

The IRS has announced that they will not be able to execute bilateral competent authority agreements (BCAA) with all countries expecting a CBC report for 2016. Should impacted US Multinational Enterprises (MNEs) file locally or use a surrogate? At play are four countries, France, Indonesia, Jersey, and Spain [1] — all of … Read More

Three Long-Term Trade Trends, From Leading Trade Practitioners

Three Long-Term Trade Trends, From Leading Trade Practitioners

The macro environment that underpins our third annual global trade survey, which will be released shortly, is increasingly uncertain and complex. The long-term consequences of protectionism; the fate of proposed and existing free trade agreements; and general technological developments in manufacturing are themes that are creating uncertainty. Added to these themes is the increasing regulatory … Read More

Belgium Extends Filing Deadline for Country-by-Country Report, Notification and Master File

Belgium Extends Filing Deadline for Country-by-Country Report, Notification and Master File

On November 28, 2017, the Belgian tax authorities announced that they would extend the filing deadline to March 31, 2018 for the country-by-country (CbC) report (Form 275 CBC), CbC notification (Form 275 CBC NOT), and the master file (Form 275 MF). These forms were initially due by the … Read More