Posts by admin

UK: Research report on SME interaction with UK Customs

August 1, 2015

On 20 July 2015 the UK government published the results of research into the challenges faced by small and medium enterprises...

Italy and Turkey: Social Security Agreement comes into effect

July 31, 2015

The Social Security Agreement between Italy and Turkey will come into force on 1st August 2015. The agreement was signed in 2012....

Turkey-United States FATCA agreement signed

July 31, 2015

The FATCA agreement (2015) between Turkey and United States has been signed on 29th July 2015. Details of the agreement...

UK: Statistics on funds raised through the EIS and SEIS

July 30, 2015

The Enterprise Investment Scheme (EIS) and the Seed Enterprise Investment Scheme (SEIS) are two of the tax advantaged venture capital...

Changes to social security agreement between Chile and Netherlands

July 30, 2015

The amendments to the Social Security Agreement (1996) between Chile and the Netherlands were ratified by the Netherlands on 1st July...

Canada: Ontario surtax relief

July 30, 2015

The Canada Revenue Agency (CRA) has suggested to the Investment Funds Institute of Canada (IFIC) that its systems will not be updated until...

Chile: Circulars regarding tax reforms issued for corporate income tax purposes

July 30, 2015

The Internal Revenue Service has issued 7 circulars describing the changes announced by Law No. 20,780 of 29 September 2014...

UK: Changes to EIS and venture capital trusts

July 29, 2015

In the UK the Enterprise Investment Scheme (EIS), the Seed Enterprise Investment Scheme (SEIS) and the venture capital trust (VCT)...

DTA between Andorra and United Arab Emirates signed

July 29, 2015

A double taxation agreement (DTA) between Andorra and the United Arab Emirates was signed on 28th July 2015.

UK: Consultation on the taxation of termination payments

July 28, 2015

On 24 July 2015 the UK issued a consultation document in respect of the reform of income tax and national...

Peru: Notice on certificates of residence for claiming Double Tax Treaty benefits

July 28, 2015

On 3 July 2015 the Tax Authority of Peru issued Notice 094-2015 specifying certificates of residence status for claiming Double Tax...

Russia: Input VAT deductibility on imported goods

July 28, 2015

The Finance Ministry has issued letter no. 03-07-15/31200 on 29th May 2015 to clarify the deductibility of VAT input tax on goods imported...

WTO announces extension of the Information Technology Agreement

July 26, 2015

The World Trade Organization (WTO) announced on 24 July 2015 that an extension of the scope of the Information Technology...

UK ratifies DTAs with Algeria, Brazil, Bulgaria, Croatia, Senegal, and Sweden

July 26, 2015

The UK has recently released draft legislation to ratify Double Taxation Agreements (DTAs) signed with Algeria, Brazil, Bulgaria, Croatia, Senegal,...

Sri Lanka: Commissioner General of Inland Revenue publishes gazette on Transfer Pricing Regulations

July 26, 2015

The Commissioner General of Inland Revenue has published gazette no. 1907/26 dated 25 March 2015 on Transfer Pricing Regulations. It...

Greece: tax authorities issue circular to clarify transfer pricing regulations

July 26, 2015

The Greek tax authorities issued circular no. POL 1142/02.07.2015 dated July 2, 2015 to explain transfer pricing (TP) documentation issues raised...

UK: Consultation on extension of HMRC data gathering powers

July 25, 2015

On 22 July 2015 the UK tax authority HMRC issued a consultation document entitled “Tackling the Hidden Economy: Extension of...

Czech Republic: VAT reverse charge extended

July 25, 2015

The VAT reverse charge for a range of agricultural crops has been extended by the tax office. The local reverse...