BEPS News by region
BEPS-news-by-region
KPMG's reports of the latest tax developments from across the globe.
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BEPSNewsFlash-Taiwan
2015/3/23 - Amendments to Transfer Pricing Rules
BEPS-NewsFlash-Asia Pacific
2016/8/17 - Israel: Country-by-country reporting, transfer pricing documentation in budget plan
2016/8/8 - Asia Pacific: Country-by-country reporting, status update for region
2016/8/5 - Australia: Review of transfer pricing developments since 2012; plans for more changes
2016/8/1 - Korea: Revised legislation, transfer pricing and country-by-country reporting
2016/7/14 - China: Transfer pricing documentation, related-party reporting guidance from BEPS project
2016/7/11 - Hong Kong: BEPS participation, recommendations pending government action
2016/7/6 - Hong Kong: Transfer pricing and BEPS considerations—intangible property and R&D
2016/7/4 - Japan: Guidance under new transfer pricing documentation rules
2016/6/28 - New Zealand: Recommendations for foreign trusts, inbound investment, BEPS proposals
2016/6/24 - Singapore: Country-by-country reporting
2016/5/25 - Australia: Country-by-country, final Local files released
2016/5/21- China: Participation in global tax initiatives (BEPS, CRS)
2016/5/19 - Austria: Proposed legislation, transfer pricing documentation and country-by-country reporting
2016/4/27 - Japan: Country-by-country reporting requirements
2016/3/31 - Korea: Master file and local file templates are released
2016/3/19 - Turkey: Draft communiqué on transfer pricing documentation, country-by-country reporting
2016/3/17 - Indonesia: FAQs on transfer pricing
2016/3/10 - Australia: Costs of non-compliance with country-by-country reporting requirements
2016/3/2 - India: Country-by-country reporting, transfer pricing documentation rules in budget 2016
2016/2/22 - New Zealand: Implementing AEOI regime, exchange of transfer pricing rulings
2016/2/12 - Australia: Consultation on BEPS-related transfer pricing recommendations
2016/2/2 - India: Bilateral APAs with UK, concerning management charges, brand royalty
2016/1/25 - Singapore: New, updated transfer pricing guidance
2016/1/14 - Australia: Prepare now for country-by-country reporting
2016/1/5 - Korea: Master file and local file; “full” transfer pricing reporting
BEPS-NewsFlash-Europe
2016/8/30 - Ireland: EC state aid investigation, “illegal tax benefits” to multinational company of €13 billion
2016/8/22 - Liechtenstein: Automatic exchanges of CRS, country-by-country reporting
2016/8/19 - Czech Republic: Automatic exchange of APAs, country-by-country reporting proposals
2016/8/5 - Luxembourg: Automatic exchange of country-by-country reports among EU Member States
2016/8/3 - Country-by-country reporting
2016/7/25 - Austria: New transfer pricing documentation, country-by-country rules effective for 2016
2016/7/5 - Belgium: Country-by-country reporting, transfer pricing documentation; new law is published
2016/7/1 - Germany: Country-by-country reporting, BEPS items in draft bill
2016/6/21 EU: Agreement on directive reached, new tax avoidance rules
2016/6/20 Finland: Transfer pricing documentation, country-by-country reporting draft legislation
2016/6/13 Luxembourg: Tax ruling in EC state aid investigation is published
2016/6/7 EU: Council approves country-by-country reporting, mandatory automatic exchanges of tax information
2016/5/25 Norway: Transfer pricing documentation, country-by-country reporting
2016/5/24 Netherlands: Proposed “innovation box” changes, align with BEPS recommendations
2016/5/19 Denmark: New transfer pricing documentation requirements
2016/5/16 Belgium: Draft law, country-by-country reporting and transfer pricing documentation requirements
2016/5/14 UK: Restrictions on tax deductibility of corporate interest expense, consultation
2016/5/13 Norway: Proposed legislation to implement country-by-country reporting rules
2016/5/4 Sweden: Proposed legislation, transfer pricing documentation and country-by-country reporting
2016/4/21 Switzerland: Country-by-country reporting, implementing legislation advances
2016/4/12 EU: “Public” country-by-country reporting for multinational enterprises advances
2016/4/4 UK: Discussion of BEPS-related measures in 2016 budget, Finance Bill
2016/4/1 Italy: New guidelines for international tax rulings and APAs
2016/3/28 UK: BEPS items included Finance (No. 2) Bill 2016
2016/3/24 EU: Draft proposal on “public” country-by-country reporting
2016/3/17 UK: Tax proposals in 2016 budget; timetable for BEPS implementation
2016/3/11 Luxembourg: Tax reform, addressing BEPS recommendations
2016/3/11 UK: Preparing for country-by-country reporting
2016/3/9 EU: Automatic exchange of country-by-country reporting by multinational companies
2016/3/5 Poland: Enhanced tax audit focus on transfer pricing
2016/3/4 UK: Final country-by-country reporting regulations
2016/3/4 EU: State-aid investigations of “tax rulings,” response to US concerns
2016/2/26 EC roadmap on BEPS
2016/2/26 Jersey opens consultation on Country by Country reporting
2016/2/18 EU: Double taxation, dispute resolution mechanisms consultation
2016/2/12 Belgium: New wave of transfer pricing audits
2016/1/29 EU: New anti-tax avoidance package focused on corporations
2016/1/21 France: Country-by-country reporting, transfer pricing declaration
2016/1/13 Finland: Transfer pricing documentation rules, country-by-country reporting proposal
2016/1/13 EU: Action plan for corporate tax, 2016
2016/1/11 Belgium: “Excess profit” tax advantages to be recovered from multinationals
2016/1/11 EU: Initiatives on corporate tax avoidance, scheduled for 27 January
2016/1/6 Norway: Country-by-country reporting proposal, public consultation
2016/1/6 Netherlands: New transfer pricing documentation rules enacted; country-by-country reporting
BEPS-NewsFlash-Americas
2016/8/25 - U.S. Treasury, EC’s state aid investigations of transfer pricing rulings
2016/8/9 - Canada: Discussion, observations about country-by-country reporting proposal
2016/8/4 - Canada: Country-by-country reporting requirements in draft legislative proposals
2016/6/30 - Final regulations: Country-by-country reporting
2016/5/24 / US: Senators again express concerns about EC state-aid investigations
2016/4/20 Canada: Procedures for exchange of tax rulings under BEPS rules
2016/4/20 Bermuda: Country-by-country reports, automatic exchange agreement signed
2016/4/5 Canada: Country-by-country reporting in 2016
2016/4/1 US: APMA program, APA statistics for 2015
2016/3/24 Canada: Country-by-country reporting, transfer pricing proposals in 2016 federal budget
2016/3/21 IRS “practice unit” on inbound resale price method, routine distributor
2016/3/14 LB&I practice unit: Interest expense limitation, section 163(j)
2016/3/7 US: Treasury responds to Congress, EU state-aid “tax ruling” investigations
2016/3/5 LB&I practice units: Transfer pricing documentation, outbound services provided CFCs
2016/2/22 KPMG report: Initial analysis of 2016 U.S. model treaty
2016/2/17 New U.S. model income tax treaty (2016) is released
2016/2/12 US: Treasury letter to EC on state aid investigations
2016/2/5 LB&I practice units: Intercompany interest rates, cost sharing arrangements
2016/2/2 US: Bilateral APAs with India being accepted, beginning 16 February
2016/1/16Finance members urge Treasury intensify efforts, EU state aid investigations
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