Mauritius deposits MLI ratification instrument; Keeps India out of covered list

Mauritius deposits its instrument of ratification for MLI on 18th October, 2019; Identifies 44 agreements it wishes to be covered by the MLI convention, excludes India from the said list;

Oct 23, 2019

UAE releases 25 CbCR FAQs; Local legislation to prevail upon conflict with OECD-guidance

Pursuant to introduction of CbC reporting (CbCR) requirements through Cabinet Resolution on April 30th, 2019, United Arab Emirates (UAE) publishes 25 FAQs on General CbC reporting considerations, CbC report filing

Oct 22, 2019

Australia issues draft guidelines on Arm's Length Debt Test for thin capitalization

Australian Taxation Office (‘ATO’) issues Draft Practical Compliance Guidelines for applying the arm's length debt test (to establish an entity’s maximum allowable debt for thin capitalisation purposes) to be read

Sep 19, 2019

China’s 10th APA Annual Report reiterates increased future APA-requests citing BEPS implementation uncertainty

Chinese State Administration of Taxation (STA) publishes its 10th Advance Pricing Arrangement (APA) Annual Report (2018) pertaining to the period between January 1, 2005 to December 31, 2018 to describe latest

Jun 21, 2019

Singapore releases e-Tax Guide providing TP-guidelines for commodity marketing/ trading activities

Inland Revenue Authority of Singapore (IRAS) releases TP guidelines for commodity marketing and trading activities (e-Tax Guide), provides guidance on how to analyze the economic value of commodity marketing and

Jun 14, 2019

EU Joint TP-Forum’s paper addresses challenges on when/ how to use PSM

EU Joint Transfer Pricing Forum (JTPF) publishes paper on ‘Application of the Profit Split Method within the EU’ to take stock of how PSM is applied within the EU and

Apr 03, 2019