Tax & Accounting Blog

Nexus Considerations: Navigating the “Kill Quill” Revolt This article is authored by Rebecca Newton-Clarke, J.D. (Senior Editor, Checkpoint Catalyst). It first appeared in Thomson Reuters Checkpoint State & Local Taxes Weekly, 1/22/18 (Volume 29, No. 4) and is the first in a special series of articles dedicated to recent nexus developments. The staid and technical … Read More

On January 15, 2018, the Hong Kong Inland Revenue Department (IRD) announced that it has signed a bilateral competent authority agreement (CAA) with France for the exchange of country-by-country (CbC) reports. Hong Kong has also signed CAAs on the exchange of CbC reports with Ireland, South Africa, and the U.K. The … Read More

On December 29, 2017, the South African Revenue Service (SARS) published an external guide assisting taxpayers with the completion and submission of country-by-country (CbC) reports. See BEPS Action 13. The guide describes CbC information requirements, as well as how to submit the CbC report, master file, and … Read More

On December 29, 2017, Spain issued Royal Decree 1074/2017 (the “Decree”), introducing amendments, effective for tax periods that begin on or after January 1, 2016, to Article 13 (Information and documentation on companies and related transactions) of Decree No. 634/2015 regarding the submission of country-by-country (CbC) reports. See BEPS Action 13. Article … Read More

On December 21, 2017, Portugal published Ordinance 383-A / 2017 on approving the CbC report (Model 55). See Article 121-A of the Income Tax Code and BEPS Action 13. Also on this date, Portugal published Ordinance No. 383-B / … Read More

On December 29, 2017, Argentina published Law 27430 in the Official Bulletin. Law 27430 contains the following BEPS measures. Value Added Tax (VAT) on digital services Article 88 describes digital services, which are defined as “… regardless of the device used for download, display or use, those … Read More