French Senators Axe Tax Break for Overtime Hours
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
See MoreHungarian government approves a draft DTA with Bahrain
According to media reports, the Hungarian government on July 19, 2012, announced that it has approved a draft double taxation agreement (DTA) with
See MoreDraft DTA between Germany and the Philippines agreed
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
See MoreSingapore: Strengthen DTA Network
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
See MoreBelgium: Parliament has approved five DTA protocols
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
See MoreChina:Clarifies withholding tax on dividends paid abroad
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
See MoreSri Lanka and India will soon sign a DTA
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
See MoreChina and Hong Kong Special Administrative Region (SAR) update
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
See MoreSouth Africa: Introduces Tax Amendment Bills
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
See MoreLiechtenstein and Japan Sign TIEA
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
See MoreThailand Refuses To Give Foreign Dividend Tax Exemption
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
See MoreArgentina notified Chile to terminate the bilateral DTA
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,
See MoreNew Zealand and Japan have agreed to update their existing bilateral DTA
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,
See MoreCanada: welcomes IRS tax return help
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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