Category: Taxation
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Section 29b of the Corporate Income Tax Act (Wet op de Vennootschapsbelasting 1969)
Section 29b of the Dutch Corporate Income Tax Act (Wet op de Vennootschapsbelasting 1969) relates to transfer pricing documentation requirements in the Netherlands. Specifically, it is part of the legislation that implements Country-by-Country (CbC) reporting, Master File, and Local File requirements for multinational enterprises (MNEs).Key points about Section 29b include: These requirements are part of the…
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Act on Special Measures Concerning Taxation (Japan)
The Act on Special Measures Concerning Taxation is an important piece of legislation in Japan that provides special tax measures and regulations. Here are the key aspects of this act: Purpose and Scope The Act on Special Measures Concerning Taxation (Act No. 26 of 1957) is a Japanese law that establishes special provisions related to…
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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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Convention on combating bribery of foreign public officials in international business transactions
PREAMBLE The Parties, Considering that bribery is a widespread phenomenon in international business transactions, including trade and investment, which raises serious moral and political concerns, undermines good governance and economic development, and distorts international competitive conditions; Considering that all countries share a responsibility to combat bribery in international business transactions; Having regard to the Revised Recommendation on Combating…
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What is TicketBAI & BATUZ
If your company conducts operations in the Spanish autonomous community of the Basque Country, you must be aware of an important development in administrative regulation: TicketBAI (and BATUZ in Bizkaia). What is BATUZ The strategy for controlling the taxation of businesses and self-employed individuals, regardless of their size, by the Provincial Council of Bizkaia is…
CbC Reporting 