Tax & Accounting Blog

Automatically Rehang E-File Acknowledgements with CS Connect™ Background Service

Automatically Rehang E-File Acknowledgements with CS Connect™ Background Service

When the CS Connect Background Service is enabled, it will automatically check the electronic filing status dialog for any clients with a status of Return transmitted to CS that is greater than 48 hours old—and request the automatic rehang of those clients’ acknowledgements. This helps to eliminate the need to contact our CS Support team … Read More

Chile Publishes Resolution Introducing Country-by-Country Reporting Requirement

Chile Publishes Resolution Introducing Country-by-Country Reporting Requirement

On December 27, 2016, the Chilean tax authorities (Servicio de Impuestos Internos – SII) published Resolution No. 126 (the “Resolution”). The Resolution updates the current annual transfer pricing return (affidavit) requirements to introduce an associated country-by-country (CbC) reporting requirement. See BEPS Action 13. The new CbC requirements include the following: Annual … Read More

Brazil Publishes Country-by-Country Reporting Requirements

Brazil Publishes Country-by-Country Reporting Requirements

On December 29, 2016, Brazil published Normative Instruction RFB No. 1681, requiring country-by-country (CbC) reporting. See BEPS Action 13. The ultimate parent entity, or another entity that is a Brazilian tax resident, is required to submit the CbC report. An entity other than the ultimate parent can submit the report if … Read More

Luxembourg Publishes Extended Notifications for Country-by-Country Reporting

Luxembourg Publishes Extended Notifications for Country-by-Country Reporting

On December 27, 2016, Luxembourg published a newsletter, saying that the government has implemented country-by-country (CbC) reporting and the mandatory automatic exchange of CbC information. See BEPS Action 13. On December 13, 2016, the Luxembourg Parliament adopted Law No. 7031, implementing CbC reporting and the mandatory automatic exchange of … Read More