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Introduction The UAE is all set to launch VAT which will be applicable to most of the business in the country with effect from 1st January, 2018. Preparations are in full form and authorities are leaving no stone unturned for successful implementation of the law in...

Singapore has enacted legislation to automatically exchange tax-related information with other countries, under the OECD's Common Reporting Standard (CRS). The Income Tax (International Tax Compliance Agreements) (Common Reporting Standard) Regulations 2016, enacted on December 8, 2016, incorporate the requirements of the CRS into Singapore's domestic legislative...

New information on Country-by-Country reporting should give more certainty to tax administrations and multinationals on how to implement it. On 5 December 2016, the OECD released further guidance on Country-by-Country (CbC) reporting and country-specific information on implementation of the guidance. CbC reporting is linked to action...

A Free zone (FZ) entity is the UAE offers many tax and business possibilities. The establishment of free zones (FZs) in the UAE has been one of the most significant and promising initiate pursued to attract foreign investments. Dubai was the first emirate to establish a...

The European Commission has released an Action Plan on VAT, setting out plans for the next two years to modernize European Union value-added tax (VAT) rules. By the end of 2016, the Commission is to propose legislation that would extend the current One Stop Shop concept...

Background The fiscal budget was announced in India on 29 February 2016. Like every year the government released several measures to accelerate growth and development in the country. One of the most important developments from a Transfer Pricing (TP) regulations perspective was introduction of Country-by-Country (CbyC)...

31 countries have now signed a MCAA enabling the automatic exchange of CbC reports from each reporting entity between the competent authorities. The agreement handles the exchange of CbC reports as stated in BEPS action plan 13. This action plan has amended Chapter V of the...