French Senators Axe Tax Break for Overtime Hours

July 30, 2012

It has been published on 30 July 2012 that, within the framework of its examination of the country’s second 2012 supplementary finance bill, the French Senate has abolished the tax exemption applicable to overtime hours in France, a measure

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Hungarian government approves a draft DTA with Bahrain

July 27, 2012

According to media reports, the Hungarian government on July 19, 2012, announced that it has approved a draft double taxation agreement (DTA) with

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Draft DTA between Germany and the Philippines agreed

July 26, 2012

The government of the Philippines has confirmed that a draft double taxation agreement (DTA) between Germany and the Philippines was agreed at a fourth round of negotiations held on July 20, 2012. It has been agreed the pact will be signed in early

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Singapore: Strengthen DTA Network

July 25, 2012

In a speech on 25 July 2012, at the international tax forum organized by the Tax Academy and CPA Australia, Singapore's Minister of State for Finance and Transport disclosed that Singapore was looking to strengthen its network of double taxation

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Belgium: Parliament has approved five DTA protocols

July 20, 2012

The Belgian parliament has approved five protocols to double taxation agreements signed between Belgium and Luxembourg, Denmark, France, the United Kingdom and France, as part of the country's ratification

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China:Clarifies withholding tax on dividends paid abroad

July 18, 2012

China's State Administration of Taxes (SAT) has announced a relaxation of the rules governing the withholding tax that foreign investors have to pay on dividends repatriated from their share of investments in Chinese companies. Companies and

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Sri Lanka and India will soon sign a DTA

July 17, 2012

Sri Lanka and India will soon sign a double taxation agreement (DTA), an official from the Sri Lanka government said on July 12, 2012, following approval of a draft agreement by Sri Lanka's

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China and Hong Kong Special Administrative Region (SAR) update

July 16, 2012

According to an announcement made in October 2011, a Value-Added Tax (VAT) pilot program will be introduced in Shanghai in January 2012, replacing the business tax in selected industrial sectors. Following the early success of that pilot, it looks

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South Africa: Introduces Tax Amendment Bills

July 11, 2012

It was published on 11 July 2012 that the South African National Treasury has released, for public comment prior to their formal introduction in parliament, the draft 2012 Taxation Laws Amendment Bills which give effect to most of the 2012

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Liechtenstein and Japan Sign TIEA

July 10, 2012

It was reported on 10 July 2012 that Liechtenstein’s Prime Minister and Japan’s ambassador have recently signed in Vaduz a bilateral tax information exchange agreement (TIEA) in accordance with the Organization for Economic Cooperation and

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Thailand Refuses To Give Foreign Dividend Tax Exemption

July 09, 2012

It was published on 9 July 2012 that the Deputy Prime Minister and Finance Minister have immediately rejected a call from Thailand’s business sector for a tax exemption on dividends received from overseas investments. The Thai Chamber of Commerce

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Argentina notified Chile to terminate the bilateral DTA

July 05, 2012

Argentina notified Chile on July 1, 2012, that it wishes to terminate the bilateral double taxation agreement (DTA) in place between the two countries. The agreement will be repealed on December 31,

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New Zealand and Japan have agreed to update their existing bilateral DTA

July 03, 2012

New Zealand and Japan have agreed in principle to update their existing bilateral double taxation agreement (DTA), the New Zealand government announced on June 29,

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Canada: welcomes IRS tax return help

July 02, 2012

Canadian Finance Minister has welcomed the US government's decision to help dual citizens residing in Canada deal with their US tax filing obligations. The Internal Revenue Service (IRS) will also offer assistance to those with Canadian retirement

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