Posts by admin

Russia: MoF clarifies income tax treatment of remuneration paid to remote employees

August 27, 2015

The Finance Ministry (MoF) issued letter No. 03-04-06/40525 on 15th July 2015 for clarifying the income tax treatment paid by a...

Canadian non-resident permitted to carry-forward of non-capital losses

August 27, 2015

The Canadian Tax Court issued a decision regarding a case entitled Hatt v. The Queen (2015 TCC 207) on 19th August 2015. The...

UAE: MoF declares a statement regarding VAT and Corporate tax

August 26, 2015

The Finance Ministry (MoF) of United Arab Emirates has published an official statement on 18th August 2015 regarding Value Added...

UK: HMRC issues updated guidance on accelerated payments

August 25, 2015

On 20 August 2015 the UK tax authority HMRC published on its website a fact sheet containing updated information on...

Bulgaria: Tax reform declared

August 25, 2015

The Finance Ministry has declared a tax reform through a press release on 22nd August 2015. The proposed tax modification...

Canada: CRA issues 2014-15 APA program report

August 24, 2015

The Canada Revenue Agency (CRA) has published a report on 17th August 2015 regarding Advance Pricing Arrangement (APA) program for...

Korea: Draft law for implementing BEPS-related transfer pricing requirements

August 24, 2015

The Ministry of Strategy and Finance of South Korea has released draft legislation for amending existing provisions of Korean law....

WTO Public Forum to discuss how to make trade work

August 21, 2015

The World Trade Organisation (WTO) Public Forum for 2015 is to be held from 30 September to 2 October 2015....

UK: Film tax credit gains EU approval

August 21, 2015

The UK’s enhanced tax relief for film production has gained EU approval under its State aid rules. This enhanced 25%...

UK: taxation of dividend income of individuals

August 20, 2015

On 17 August 2015 the UK tax authority HMRC issued a fact sheet explaining the new rules for taxation of...

Bulgaria-US: FATCA agreement entered into force

August 20, 2015

In accordance with a declaration made in the Bulgarian State Gazette on 26th June 2015, the FATCA Model 1B Agreement...

Canada: CRA releases annual MAP report

August 20, 2015

The Canada Revenue Agency (CRA) has published its 12th annual report regarding its Mutual Agreement Procedure (MAP) programme. The report...

Bulgaria-Greece: Tax dispute established

August 19, 2015

Bulgaria has greeted a pledge from Greece to revoke its tax withheld on Greek business transactions in Bulgaria. Prior this...

Spain: IMF conference call considers tax policy issues

August 18, 2015

On 14 August 2015 the International Monetary Fund (IMF) published the transcript of a conference call held to clarify issues...

UK: Increase in tax cases going to litigation

August 18, 2015

The number of tax disputes going to litigation in the UK has hit record levels, with the number of tax...

Saudi Arabia: IMF comments on economic and fiscal policy

August 18, 2015

On 17 August 2015 the International Monetary Fund (IMF) issued a report following the conclusion of consultations with Saudi Arabia...

Kazakhstan: Tax treatment liabilities provided by non-resident’s head office

August 17, 2015

The State Revenue Committee of Kazakhstan has issued a Letter No. КГД-07-3-ЮЛ-Е-14-КГД-14754 on 15th July 2015 regarding tax treatment of...

Korea- Tax Amendments of 2015 with incentives for foreign investment

August 16, 2015

The Ministry of Strategy and Finance of Korea announced on 6 August 2015 its proposed tax law amendments for 2015....