Posts by admin

UK Explains VAT Changes Following the Skandia Decision

October 30, 2015

The UK has issued Revenue and Customs Brief 18 (2005) explaining VAT grouping rules and the Skandia judgment. The VAT...

Argentina-Double Tax Treaty with Switzerland enters into force

October 30, 2015

The new Double Taxation Treaty between Switzerland and Argentina will enter into force on 27 November 2015. The new treaty...

DTA between Czech Republic and Pakistan enters into force

October 30, 2015

The Income Tax Treaty (2014) between Czech Republic and Pakistan entered into force on 30th October 2015 and it generally...

Bosnia: IMF Report Suggests Reforms to Taxation and Social Security

October 29, 2015

Following consultations in Bosnia by IMF staff under Article IV of the IMF’s articles of agreement a staff report and...

UK: Two year plan to increase SME awareness of R&D tax relief

October 29, 2015

Following a consultation on research and development tax relief the UK government has announced a two-year plan to make it...

Bulgaria: Budget for 2016 published

October 29, 2015

The Finance Ministry (MoF) has published the Budget for 2016 on 26th October 2015. The MoF included the following measures...

Luxembourg: Electronic filing for company income tax return

October 29, 2015

Electronic filing is now available for Luxembourg resident company. On 29 October 2015, the Finance Minister declared a new e-filing...

Poland: The President of Republic amends rules on transfer pricing documentation

October 29, 2015

The President of Republic of Poland signed an Act amending the Corporate Income Tax (CIT) Act, the Personal Income Tax (PIT) Act on 27 October 2015....

Greece: Enacted Rules on Transfer Pricing Penalties and Issued Guidance on TP Documentation

October 29, 2015

Greece enacted changes to the applicable transfer pricing (TP) documentation rules based on Law 4337/17.10.2015 on 17 October 2015 and...

Canada: Alberta fiscal budget for 2015-2016 issued

October 28, 2015

The Finance Minister of Alberta has presented the Province’s fiscal budget for 2015-2016 on 27th October 2015. The budget contains...

Russia: A draft order regarding tax exchange information published

October 28, 2015

The Federal Tax Service (FTS) has released a draft order on 26th October 2015 that contains a list (in Russian) of...

Hungary: Draft bill for tax law changes in 2016

October 28, 2015

The government of Hungary recently presented to the Parliament a draft bill with proposals for tax law changes which would...

Kazakhstan: Amendment to the deductibility of charitable donations

October 28, 2015

The Senate has passed a bill on 22nd October 2015 that changes the deductibility of charitable donations. In accordance with...

World Customs Organization Discusses the Future of Customs

October 27, 2015

The Permanent Technical Committee of the World Customs Organization (WCO) discussed the Future of Customs at its meeting of 14...

Mali: IMF Report on Local Taxation

October 27, 2015

Following the conclusion of the work of a technical assistance mission on fiscal policy the IMF has compiled a report...

WTO: World Trade Report for 2015 looks at benefits of Trade Facilitation Agreement

October 27, 2015

On 26 October 2015 the World Trade Organization (WTO) published its World Trade Report for 2015. This report looks at...

Kenya submits Memorandum of Economic and Financial Policies to the IMF

October 26, 2015

A Memorandum of Economic and Financial Policies prepared by Kenya on 31 August 2015 in connection with a request for...

DTA between Chile and Italy signed

October 26, 2015

A Tax Treaty between Chile and Italy has been signed on 23rd October 2015.