News
Pillar two implementing countries agree to waive filing penalties
7+ hour, 57+ min ago (81+ words) International Tax Review International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8 ND Pillar two implementing countries agree to waive filing penalties Jurisdictions have moved to ensure that multinationals are not punished for late GIR filings due…...
A taxing week: Welcome change ahead for UK tax adviser requirements
3+ day, 7+ hour ago (87+ words) International Tax Review International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8 ND A taxing week: Welcome change ahead for UK tax adviser requirements HMRC's push for unified tax adviser registration won't prevent every instance of improper…...
This week in tax: Greenberg Traurig loses case over faulty tax advice to Dutch DJ
3+ day, 7+ hour ago (90+ words) International Tax Review International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8 ND This week in tax: Greenberg Traurig loses case over faulty tax advice to Dutch DJ Elsewhere, the UAE's tax office has issued an update…...
India's TP reset for the digital economy: safe harbour and APA reforms
3+ day, 7+ hour ago (633+ words) The case for certainty is strongest where cross-border volume is persistent and repeatable. Officially cited industry figures put India's IT sector at an estimated $283 billion in FY 202425 with exports of $224 billion, compared with $118 billion and exports of $100 billion in FY…...
TP not a mechanical compliance exercise: experts dissect Brazils Petrobras ruling
4+ day, 7+ hour ago (90+ words) International Tax Review International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8 ND TP not a mechanical compliance exercise: experts dissect Brazils Petrobras ruling The case sits within a context of Brazil signalling that it is replacing…...
Assessing the impact of Chile's proposed Investment Statute on the mining industry
4+ day, 7+ hour ago (539+ words) The Mining Royalty Law (No. 21, 591), published in 2024 by the government of President Gabriel Boric, repealed the previous specific tax on mining activity regulated in articles 64 bis and 64 ter of the Income Tax Law. The aim was to generate greater tax…...
VAT and transfer pricing: beyond the arm's-length principle
5+ day, 7+ hour ago (574+ words) For years, transfer pricing has been viewed almost exclusively through the lens of direct taxation. However, its interaction with VAT is no longer a marginal issue. The recent judgment of the Court of Justice of the European Union (CJEU) in…...
ATO to receive A$86. 3m funding over four years
5+ day, 7+ hour ago (71+ words) International Tax Review International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8 ND ATO to receive A$86. 3m funding over four years Australia's government has also announced that it will implement the pillar two side-by-side agreement To unlock…...
Charles Russell appoints partner to build Italian corporate tax practice
5+ day, 7+ hour ago (75+ words) International Tax Review International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8 ND Charles Russell appoints partner to build Italian corporate tax practice The move reinforces Milan's role as a key European hub for international business, the…...
Indonesia: Tax guidelines address shift in financial accounting standards on insurance contracts
6+ day, 7+ hour ago (268+ words) The Indonesian Directorate General of Taxes (DGT) issued Regulation No. PER-5/PJ/2026 on April 20 2026 to address the significant shift in the financial accounting standards concerning insurance contracts, which became effective for fiscal year 2025. The regulation is designed to enhance legal…...