On July 4, 2016 the OECD issued a document for Public Review which is titled: Conforming amendments to Chapter IX of the Transfer Pricing Guidelines. The OECD’s Committee on Fiscal Affairs invites interested parties to send their comments in relation to the review of the conforming changes by August 16, 2016 by e-mail to This email address is being protected from spambots. You need JavaScript enabled to view it. in Word format.

On June 27, 2016 the UK HM Revenue & Customs (HMRC) released the text of the Convention between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of Turkmenistan for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and on Capital Gains, which was signed on June 10, 2016 (Hereafter: the DTA).

On July 1, 2016 the Swiss Ministry of Finance issued a press release by which Switzerland announced that the amount of taxes it retained on behalf of the EU in 2015 amounted to CHF 169,3 million (was CHF 317 million in 2014 and CHF 510.1 million in 2013). At the same time it should be noted that in 2015 approximately 328,000 voluntary declarations to the tax authorities were received (was 150,000 in 2014).

Based on the overview of Jurisdictions Participating in the Convention on Mutual Administrative Assistance in Tax Matters as available on the website of the OECD, the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters entered into force on July 1, 2016 with respect to Bulgaria.

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