Advanced Pricing Agreement Guidelines published in Russia

January 31, 2012

On January 31 2012 it has been published that, the Russian Federal Tax Service published a letter No.ОА-4-13/85 “On Conclusion of Advanced Pricing Agreements for the tax purposes” dated 12 January 2012 on its official website. The letter is a

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Malta Signs TIEA with Gibraltar

January 27, 2012

On 27 January 2012 it was reported that Malta has welcomed the signing of a Tax Information Exchange Agreement (TIEA) with Gibraltar. Under the agreement both countries will provide tax information on request when there is evidence of fiscal

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France Eyes Tougher Tax Evasion Sanctions

January 25, 2012

It was reported on 25 January 2012 that the, French finance ministry aims to toughen existing sanctions applied in the case of tax evasion to ensure that the provisions in place are sufficiently ‘dissuasive’. The ministry is said to be preparing

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Indian Service Tax regime will change from 1 July 2012

January 12, 2012

The Indian Service Tax regime will change from 1 July 2012. Currently, Service Tax, part of the Indian VAT CENVAT regime, is charged on services at varying, codified rates. This is now moving to a ‘Negative List’ system, meaning that all

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Argentina: Import Taxes on Luxury Vehicles are increased

January 11, 2012

To support its domestic car manufacturing industry the Argentine government has announced a change to the country’s customs duty regime and introduced higher taxes on imported vehicles and motorbikes. According to the statement through a

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Lithuania- APA

January 10, 2012

The amendment to the Tax Administration Law applicable from 1 January 2012, enables taxpayers to apply for advance transfer pricing agreements with the tax administrator. Agreements between taxpayers and the tax administrator on transfer pricing

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France to Hike VAT

January 06, 2012

The French President announced on January 3, 2012 that his government will hike value-added tax before the upcoming elections, to allow for a reduction in social security contributions paid by companies. The tax measures would be in place before

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DTA between Taiwan and Germany Signd

January 03, 2012

Taiwan’s Ministry of Foreign Affairs announced on 3 January 2012 that Taiwan and Germany have signed a bilateral double taxation agreement (DTA). The DTA, which is subject to ratification procedures in both countries before it enters into force,

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Japan’s Government Agrees Plan for Consumption Tax Hikes

January 02, 2012

It was reported on 2 January 2012 that Japan’s Prime Minister has been able to fulfill his government’s target to produce a detailed plan for future consumption tax rises, but only after his personal intervention at a meeting of the ruling

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