What Does Tax Reform Mean for Retail?
The federal corporate tax rate for many retailers is dropping this year from an industry effective average rate of 32.9% to 21%, as a result of changes implemented by the so-called “Tax Cuts and Jobs Act”.
Law which deals with the constitutional, common-law, statutory, tax treaty, and regulatory rules that constitute the law applicable to taxation.
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How Italian Tax Resident Can Reclaim Swiss Withholding Tax on Swiss Dividends
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Many tax payers, resident in Italy, noted that the Swiss banks, where their money was invested, applied the Swiss anticipatory tax (Imposta preventiva svizzera) equal to 35% on dividends.
News About Country-by-Country Reporting
On July 10, 2017 we summarized the provisions related the so called ‘CbC Report’. This time, we would like to update the time table related to this new transfer pricing documentation
Value Added Tax (VAT) in United Arab Emirates: What You Need to Know
Following the implementation of VAT from January 1st, 2018 in UAE, The Ministry of Finance (MoF) of United Arab Emirates has updated the Value Added Tax (VAT) FAQ section.
The European Blacklist Has Been Approved: 17 Country Included
The Council of the European Union has issued its own black list of non-cooperative states and territories. The list was constructed identifying three basic parameters relating to non-EU countries.
The Italian Tax Authorities, approved the measures to simplify the data to be communicated in the periodic European Union (EU) Intrastat returns.
The Italian Tax Authorities, approved the measures to simplify the data to be communicated in the periodic European Union (EU) Intrastat returns.
Tax Dispute Resolution Mechanisms in the European Union
The Directive EU 2017/1852 lays down a mechanism to resolve disputes between Member States when those arise from the interpretation and application of agreements and conventions that provide for the elimination of double taxation.
Old and New VAT Obligations for "Call-Off Stocks" Between Italy and Germany
Companies often need to deliver goods to their customers based in UE and adopt different solutions, one of the most widely used is the "call of stock".
Troubles with the Italian “Spesometro” Fulfilment and new Deadline for October 16th
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Italian VAT registered firms are required since 2011 to submit an annual declaration - with the data of all domestic sales and purchases - using the internet channel of the Italian Revenue Agency, the so called “spesometro”.
Transfer Pricing News
The fiscal year 2017 is full of important news related to transfer pricing rules. The 2017 edition of the Transfer Pricing Guidelines mainly reflects a consolidation of the changes resulting from the OECD/G20 BEPS Project.