Posts by admin

Canada-India: Social Security Agreement entered into force

August 10, 2015

A Social Security Agreement between Canada and India enter into force from 1st August 2015 that was signed on 6th...

US: IRS Issues Notice 2015-54 Limiting Ability to Transfer Property to a Partnership Tax Free

August 9, 2015

The IRS and Treasury published Notice 2015-54 on August 6, 2015 modifying the rules applicable to the contribution of built-in...

US Treasury to develop regulations implementing CbC reporting requirement

August 9, 2015

US Treasury announced on 31 July 2015 that the US government intends to develop regulations implementing the OECD/G20 base erosion and...

Chile: Taxation of foreign investors and change of residence

August 7, 2015

The tax authority in Chile has issued Circular No. 1985 in relation to the taxation of Chilean-sourced investment income of foreign investors....

Slovak Republic: VAT rate on meat products reduced

August 7, 2015

Slovakia cut 10% VAT rate on fresh meat products from the standard rate of 20%. Hopefully, this new rate will...

UK: HMRC comments on reduced VAT rate for installation of energy saving materials

August 6, 2015

On 31 July 2015 the UK tax authority HMRC published Revenue and Customs Brief 13 (2015) on the reduced rate...

Kazakhstan: President signs a Law on pensions

August 6, 2015

The President has signed a law on 4th August 2015 to amend the process of obligatory pension contributions and budget...

FATCA Agreement Signed between United States and Slovakia

August 6, 2015

Slovakia and the United States have signed a Foreign Account Tax Compliance Act (FATCA) agreement on 31 July 2015. This...

IMF comments on fiscal and tax policy in Kazakhstan

August 5, 2015

The International Monetary Fund (IMF) has concluded discussions with Kazakhstan under Article IV of its articles of association and on...

IMF report contains tax recommendations for the UAE

August 5, 2015

The International Monetary Fund (IMF) has concluded discussions with the United Arab Emirates (UAE) under Article IV of its articles of...

Poland: Amending bill adopted by government

August 5, 2015

The Council of Ministers adopted a bill amending the Corporate Income Tax Law and Individual Income Tax Law on 21...

PGA Highlights: July 2015

August 5, 2015

In the United States the following events have taken place under the several PGA during the month of July 2015. Agencies...

Chile: Guidance on statement needed to benefit from a tax treaty

August 4, 2015

The Internal Revenue Service has issued Resolution No. 48 along with instructions on 25th May 2015 regarding the contents of...

Canada: Draft legislation released implementing events from Economic Action Plan 2015

August 4, 2015

The Finance Minister has published draft legislative proposals on 31st July 2015 that would implement certain tax measures from the...

Canadian parties announce election campaigns

August 4, 2015

The Prime Minister of Canada has declared election campaign for his party with a statement that the Internship Job Creation...

Kazakhstan Joins Multilateral Convention on Mutual Administrative Assistance in Tax Matters

August 3, 2015

The Multilateral Agreement regarding mutual administrative assistance in tax matters has entered into force in respect of Kazakhstan on 1st...

Transfer Pricing Brief: July 2015

August 3, 2015

India: Comparable data range: The Punjab and Haryana High Court confirmed a judgment in the case of CIT-I v. DSM Anti Infectives...

ECJ: Advocate General’s opinion on whether units of a municipality can be taxable persons

August 2, 2015

The Advocate General of the European Court of Justice (ECJ) has delivered an opinion in the case of Gmina Wroclaw....