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- Intercompany Accounting to Get More Support From Many in Year Ahead
In the year ahead, 40 6% of finance and accounting professionals say their organizations will increase the time and effort put into intercompany accounting (ICA) management, according to a new Deloitte poll
- International Tax Gibraltar Tax Alert - Deloitte United States
Tax treatment of intercompany interest amended The Gibraltar government approved changes to the taxation of intercompany interest on 6 June 2013 in response to the conclusion of the EU Code of Conduct Group in November 2012 that Gibraltar’s tax treatment of intercompany interest was not in line with EU requirements The Gibraltar government has reacted quickly to amend the legislation, thus
- Brazil Tax Alert - Deloitte United States
As a result of the new decree, Brazilian companies that enter into direct loans (whether or not intercompany) or issue bonds in the market, with a maturity period of less than 180 days, will be subject to the financial transactions tax (IOF) at a rate of 6% The IOF is assessed at the time the foreign currency is converted into Brazilian Reais The new rule also applies to “simultaneous
- Deloitte Legal—Representing tomorrow
Accounting Simplified financial and intercompany reporting Reduction of business combination efforts Increased transparency for decision making
- Brazil Issues New Transfer Pricing Regulations
The key points of NR 1,312 include the following: Changes to the safe harbor rules on outbound transactions: Since the enactment of the Brazilian transfer pricing rules in 1996, the Brazilian revenue services have provided some flexibility to taxpayers that enter into eligible outbound intercompany transactions (outbound transactions carried out with parties located in jurisdictions Brazil
- OECD releases additional implementation guidance on CbC reporting
The guidance also provides that if intercompany dividends (or similar distributions) are excluded from profit loss before tax, then income taxes accrued and paid data should not include income taxes paid on intercompany dividends, and vice versa
- International Tax Norway Tax Alert - Deloitte United States
MOF issues exceptions to interest deduction limitation rules Norway’s Ministry of Finance issued regulations on 24 April 2014 that set out certain exceptions to the application of the interest deduction limitation rules The regulations apply as from fiscal year 2014, i e for the same period as the interest deduction limitation rules in general The interest deduction limitation rules
- Develop an international transfer pricing approach - Deloitte China
Automate your transfer pricing documentation through a pragmatic approach to transfer pricing technology One of the biggest challenges in transfer pricing is ensuring that your business model and transfer pricing policy translates into a simple intercompany agreement that is accurately reflected in your financial statements and statutory returns
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