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SAT Bulletin [42/2016] (China)
SAT Bulletin [2016] No. 42, issued by China’s State Administration of Taxation (SAT) on June 29, 2016, introduced significant changes to China’s transfer pricing compliance requirements. Here are the key aspects of this bulletin: New Documentation Framework Bulletin 42 established a three-tiered documentation structure, aligning with the OECD’s BEPS Action 13 recommendations: This replaced the…
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What is ADE COCAD No. 9/2017 (Brazil)
ADE COCAD No. 9/2017 is an important regulation in Brazil related to the disclosure of beneficial ownership information. Here are the key points about this regulation: Purpose and Scope ADE COCAD No. 9/2017 (Executive Declaratory Act – Registration Management General Coordination) was published on October 23, 2017, in Brazil’s Official Gazette. It establishes rules for…
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What is Normative Instruction (IN) No. 1,681 (Brazil)
Normative Instruction (IN) No. 1,681, issued on December 28, 2016 by the Brazilian Federal Revenue Service, established the rules for Country-by-Country (CbC) reporting in Brazil. This instruction implemented Action 13 of the OECD’s Base Erosion and Profit Shifting (BEPS) Project, which aims to enhance transparency in international taxation. Key Aspects of IN 1,681/2016 Reporting Obligation…
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The importance of building a high-quality, extensive mailing list for businesses
In the world of digital marketing, building a mailing list is one of the most effective and essential strategies for businesses of all sizes. A well-curated and expansive mailing list allows companies to maintain direct communication with their customers, foster brand loyalty, and drive sales. In this article, we will discuss why building a high-quality,…
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Create and Grow Law
The Crea y Crece Law is an important legislative reform approved in Spain in September 2022, aimed at promoting the creation and growth of businesses, particularly small and medium-sized enterprises (SMEs). Here are its main features: Main Objectives Key Measures Simplified Business Creation Combatting Payment Delays Reducing Administrative Barriers Boosting Alternative Financing Mandatory Electronic Invoicing Effective Date…
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Spain’s Anti-Fraud Law
Spain’s Anti-Fraud Law, officially known as Law 11/2021 on measures to prevent and combat tax fraud aims to: Changes to Cash Payments The law introduces new limits on cash payments: Billing Software Requirements One of the most significant aspects of the law is the regulation of billing software: Requirements for Billing Software Billing programs must…
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Immediate Supply of Information (SII)
The Immediate Supply of Information (Suministro Inmediato de Información – SII) is an electronic system developed by the Spanish Tax Agency (AEAT) for the digital management of Value Added Tax (VAT). This system allows businesses to fulfill their VAT-related tax obligations more efficiently and in real time. Key Features of the SII Objectives of the…
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Country-by-Country Reporting (CbCR) Regulation in the Canary Islands
The Canary Islands, an autonomous community of Spain with a unique fiscal regime, are subject to Spain’s national laws on tax matters while benefiting from specific incentives as part of their Economic and Fiscal Regime (REF). However, when it comes to international tax compliance, including Country-by-Country Reporting (CbCR), multinational enterprises (MNEs) operating in or through…
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Country-by-Country Reporting (CbCR) Regulation in Navarra
Navarra, an autonomous region in Spain with its own fiscal autonomy, implements international tax regulations in line with the Organisation for Economic Co-operation and Development’s (OECD) Base Erosion and Profit Shifting (BEPS) Action Plan, specifically Action 13, which focuses on Country-by-Country Reporting (CbCR). The CbCR regime requires large multinational enterprise (MNE) groups to disclose detailed…
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Country-by-Country Reporting (CbCR) Regulation in Araba
Araba, one of the three provinces in the Basque Country in Spain, has its own fiscal system, which operates under the local autonomy granted by Spanish law, while also adhering to international tax transparency standards such as the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13. This regulation includes the Country-by-Country Reporting (CbCR) regime,…
CbC Reporting
Country-by-Country Reporting requirements, solutions, FAQs and general info.
CbC Reporting 