What Is New In Russian Tax And Currency Control?

Towards the end of 2017, a number of exciting developments unfolded in our field. In December the Russian tax authorities have published a long-awaited list of countries with which automatic exchange of information would start in 2019 for the reporting year 2018, for example, Switzerland. Importantly, with some countries, for example, Lichtenstein, Singapore and the UK, this exchange of information will start in 2018 for the reporting year 2017.

A number of further amendments to the […]

By |March 23rd, 2018|

NJ Tax Court: Foreign-Source Income Not Taxable

Infosys is a multinational corporation headquartered and incorporated in India. It performed IT services in New Jersey and reported its CBT by including its worldwide income in the tax base. Infosys subsequently amended its CBT-100 returns to exclude its foreign-source income. (That income was not subject to federal income tax under the U.S.-India tax treaty.)

The starting point for computing a taxpayer’s CBT is federal taxable income before the net operating loss deduction and special […]

By |March 22nd, 2018|

Cyprus: Extension Of Final Date For Submission Of Tax Returns By Companies

The Cyprus Tax Department has announced on its website that the deadline by which companies and self-employed individuals who are required to submit annual accounts must file their tax returns for the year ended 31 December 2016 has been extended to 30 June 2018.

By |March 21st, 2018|