India: Reduces tax rate on foreign borrowings

September 27, 2012

The Indian government has lowered the taxes charged on money borrowed by Indian companies in foreign currency. The changes are included in Finance Act 2012, which amends section 115A of the Income Tax Act and inserts a new section, 194LC, in the

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DTA between Portugal and Uruguay enters into force

September 27, 2012

According to media reports, the double taxation agreement (DTA) signed between Portugal and Uruguay on November 30, 2009, entered into force on September 13,

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DTA between Czech Republic and Luxembourg under negotiations

September 26, 2012

The Czech Republic and Luxembourg are to hold a second round of negotiations towards a double taxation agreement (DTA) over a four-day period beginning on October 2,

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Isle of Man and Singapore Sign DTA

September 26, 2012

On September 21, 2012, Singapore and the Isle of Man signed a double taxation agreement which also incorporates the internationally-agreed standard for the exchange of information for tax purposes. The signing ceremony took place at the Singapore

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India: Approves investor tax relief scheme

September 26, 2012

India's Finance Minister Shri. P. Chidambaram has approved a new tax relief scheme targeted at first time retail investors in the securities market. The Rajiv Gandhi Equity Saving Scheme (RGESS) will provide tax benefits to those investing up to

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DTA between Lithuania and Qatar

September 24, 2012

According to media reports, Lithuania's President on September 7, 2012, authorized the signing of a double taxation agreement (DTA) between Lithuania and

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France Clarifies New Corporate E Filing Rules

September 21, 2012

On 21 September 2012, the French finance ministry has published details of the new Internet reporting procedures and obligations for all companies in France subject to corporation tax. Irrespective of the amount of turnover, all companies in France

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Finland: Outlines Tax Changes

September 20, 2012

On 20 September 2012 it was reported that the Finnish finance ministry has recently published the country’s 2013 budget review, detailing the government’s tax plans for next year. The government plans to implement tough tax measures to

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Brazil: Plans Tax Cuts For 2013

September 19, 2012

It was reported on 19 September 2012 that the Brazilian government has confirmed two tax measures for next year designed to reduce the tax burden on many businesses after an alarming fall in economic growth. The government has approved plans to

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Ecuador: National Assembly approves the pending DTA with Uruguay

September 17, 2012

According to media reports, the National Assembly of Ecuador approved the pending Ecuador-Uruguay double taxation agreement (DTA) and an accompanying Protocol on September 11,

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France May Ease Proposed 75% Income Tax

September 11, 2012

It was reported on 11 September 2012 that, determined to ensure that the measure does not lead to a massive exodus of top executives, the French government now plans to soften conditions for its 75% tax on top earners, although the final decisions

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South Africa Closes Loopholes in New Dividend Tax

September 06, 2012

On 6 September 2012 it has been published that South Africa’s Minister of Finance has announced the closing of tax avoidance schemes which have arisen with regard to the operation of the new dividends tax. The dividends tax came into effect on

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TIEA signed between Argentina and the Bahamas becomes effective immediately

September 03, 2012

According to media reports, the tax information exchange agreement (TIEA) signed between Argentina and the Bahamas entered into force on July 27, 2012, and became effective

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