Corporate tax treatment of bad debt incurred before 2018 (1/24/18) (0)

14.06.2018

Practice

This article offers an interpretation of the Corporate Income Tax (CIT) Act stating that where a bad debt incurred before 2018 is written off and deducted from taxable income, the company should meet requirements laid down by section 9 of the CIT Act. However, those requirements don’t apply to bad debts incurred before 2018 that are written off without reducing the company’s tax base. Read more..

Estonia transposing Anti Tax Avoidance Directive into national law (2/24/18) (0)

14.06.2018

Draft

The Estonian Ministry of Finance has submitted a new bill for amending the Income Tax Act to transpose the provisions of the Anti-Tax Avoidance Directive (EU) 2016/1164 into Estonian legislation with effect from 1 January 2019. Read more..

Safe harbours in transfer pricing (3/24/18) (0)

14.06.2018

Practice

The process of determining and administering arm’s length transfer pricing (TP) often takes a lot of effort, time and money. Safe harbour rules applicable in certain circumstances can ease some of those burdens and give the taxpayer more certainty. Read more..

Transfer pricing validation requirements to be relaxed (1) (1/23/18) (0)

08.06.2018

Draft

This article provides an overview of alternative ways of obtaining market comparables, relaxed requirements for transfer pricing (TP) validation, and safe-harbour solutions recommended by the OECD guidelines, as well as their practical application in countries that have adopted such rules for TP analysis. Read more..

Advance pricing agreement with tax authorities (2/23/18) (0)

08.06.2018

Practice

Nowadays more and more multinational enterprises decide to enter into an agreement with tax authorities for setting the price of a transaction between related parties in advance (Advance Pricing Agreement or APA). This article explores the Latvian practice of entering into an APA. Read more..

 

 
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