Tax & Accounting Blog

New Zealand Publishes Guidance on Country-by-Country Reporting

New Zealand Publishes Guidance on Country-by-Country Reporting

On April 26, 2017, New Zealand Inland Revenue (“Revenue”) published guidance on country-by-country (CbC) reporting requirements under OECD BEPS Action 13. These requirements apply to corporate groups headquartered in New Zealand with annual consolidated group revenue of over €750 million. See the required CbC Report (Form IR 1032). Approximately 20 New Zealand-headquartered … Read More

Mercosur / European Union FTA: A Watershed in Brazil’s Participation in International Agreements

Mercosur / European Union FTA: A Watershed in Brazil’s Participation in International Agreements

Since 1995, when Mercosur signed a framework agreement with the European Union (EU) signaling a commitment to pursue free trade agreements between the two blocs, we have seen several failed negotiations and ultimately a postponed dream to establish one of the largest free trade agreements in the world, outside of what we recently saw with … Read More

Argentina Implements CbC Reporting Requirements

Argentina Implements CbC Reporting Requirements

On September 20, 2017, the Argentine tax authorities (Administración Federal de Ingresos Públicos or AFIP) issued General Resolution No. 4130-E to introduce country-by-country (CbC) reporting requirements that align with the BEPS Action 13 minimum standard. The measures were published in Argentina’s official gazette the same day, and entered into force accordingly. The AFIP … Read More

OECD Creates Guidance for Tax Administrations on Country-by-Country Reporting

OECD Creates Guidance for Tax Administrations on Country-by-Country Reporting

On September 29, 2017, the OECD issued a press release on the Forum on Tax Administration’s (FTA’s) recent plenary meeting in Oslo. The FTA discussed a number of issues, including the effective implementation of the BEPS project. The event produced new handbooks for tax administrations on country-by-country (CbC) reporting, specifically on effective implementationRead More

Thomson Reuters Hosts Panel on BEPS MLI and CbC Reporting at 2017 IFA Rio Congress

Thomson Reuters Hosts Panel on BEPS MLI and CbC Reporting at 2017 IFA Rio Congress

The 71st Congress of the International Fiscal Association (IFA) was held in Rio de Janeiro on August 27-September 1, 2017. Thomson Reuters was proud to be a Gold sponsor at the Congress, showcasing how we can help businesses navigate BEPS compliance. Thomson Reuters hosted an expert panel discussion during the Congress on the impact … Read More