Update – Economic Recovery Plan published in the Official Gazette
With reference to our previous HRS Headlines of 8 February 2013 and 28 May 2013, relating to the pre-draft tax bills dealing with sustainable development, we can inform you that this anticipated legislation has now been published in the Official Gazette. Among other things, it aims at affecting certain tax measures under the 2012 Economic
Proposed Bank Levies – Summary table
Following the financial crisis and the subsequent imbalances for financial institutions and even national economies, legislators all over the world have introduced various measures concerning the regulation and supervision of financial institutions and financial markets. In this context, some countries have introduced bank levies, some of which have been given the form of a tax
European Commission seeks to expand automatic information exchange between EU Member States
In brief European Union (EU) Tax Commissioner Algirdas Šemeta on June 13, 2013 presented a Proposal for a Council Directive intended to combat tax evasion by expanding the scope of the automatic exchange of information (“AEOI”) between EU Member States on “dividends, capital gains, all other financial income and account balances” and is planned to
PwC’s comments on the OECD White Paper on Transfer Pricing Documentation
In July 2013, the OECD released a White Paper on Transfer Pricing Documentation. This is a hot topic for policy makers since local pricing documentation requirements are rapidly growing, making transfer pricing increasingly complicated. The OECD invited the business community to provide input on their white paper and PwC was happy to oblige, providing detailed
UK Releases Details Outlining Implementation of FATCA
On 31 May 2013, HM Treasury and HMRC released the International Tax Compliance (United States of America) Regulations 2013 (“UK Regulations”) to implement the Agreement to Improve International Tax Compliance and to Implement FATCA and simultaneously released updated Guidance Notes. The UK Regulations and Guidance Notes provide more clarity in respect of the legislation “Draft
PwC’s comments on the OECD White Paper on Transfer Pricing Documentation
Download In July 2013, the OECD released a White Paper on Transfer Pricing Documentation. This is a hot topic for policy makers since local pricing documentation requirements are rapidly growing, making transfer pricing increasingly complicated. The OECD invited the business community to provide input on their white p aper and PwC was happy to oblige,
OECD White Paper on Transfer Pricing Documentation proposes a coordinated approach to simplification based on a two-tier structure
Download > The OECD’s White Paper on Transfer Pricing Documentation takes stock of the existing approaches to harmonising transfer pricing documentation, but goes considerably further by proposing a coordinated approach to documentation based on a two-tier structure. Building on the EU’s TPD, the paper advocates the creation of a global masterfile giving important information about
Draft Program Law of 3 June 2013 –Tax Measures following Budget Control
As expected – further to the Budget Control of March 2013 – a draft Program Law has been filed this week with the Belgian Parliament. The draft bill contains several important tax measures, especially regarding the withholding tax on dividends and liquidation bonus, as well as regarding the registration duties levied upon constitution of long-lease
