This issue of PKF’s Worldwide Tax Update quarterly newsletter captures tax changes and updates from around the world that are contributed by our worldwide family of member firms. At the foot of each article is a PKF comment which lends further insight into the matters discussed together with the contact details of the local PKF expert so that you may follow up with directly should you require any additional information of advice.

The articles featured in this quarter’s publication include discussions on:

• The view of the Belgium Tax Ruling Commission toward the restructuring and optimisation of salaries;
• The increased transfer pricing documentation requirements in Brazil under the Fiscal Bookkeeping (ECF) requirements;
• The intensive controls implemented in Greece which consider unexplained movements in a bank account as ‘taxable income’;
• India’s continued efforts to attract investors by increasing the level of foreign direct investment (FDI) permitted in various sectors;
• Encouragement by the Polish Ministry of Finance for tax-payers to make voluntary transfer pricing corrections in their tax returns;
• The continuing ‘nexus approach’ adoption by US State’s to impose income tax on companies without a physical presence in the State.

We hope that you will find the June 2016 PKF Worldwide Tax Update both informative and interesting and please do contact the PKF expert directly should you wish for further advice or information on any item featured or find any firm (by country) at www.pkf.com/pkf-firms.

Click below link to download PKF Worldwide Tax Update:
PKF Worldwide Tax Update - 2016 Q22016.pdf