Posts by admin

UK: Consultation on strengthening sanctions for tax avoidance

July 24, 2015

On 22 July 2015 the UK government issued a consultation document containing detailed proposals for strengthening the penalties for tax...

UK: Consultation on improving large business tax compliance

July 23, 2015

On 22 July 2015 the UK tax authority HMRC launched a consultation on improving large business tax compliance. In the...

Germany plans to adopt BEPS guidance on transfer pricing documentation and CbC reporting requirement

July 23, 2015

The German government has announced plans to incorporate guidance on transfer pricing documentation and country-by-country (CbC) reporting) in line with the OECD’s...

DTA between Turkey and Senegal initialed

July 23, 2015

Following a successful second round of negotiations held from 8th July 2015 to 10th July 2015, a double taxation agreement...

Irish Revenue clarifies effect of ECJ decisions on VAT rules

July 22, 2015

On 17 July 2015 the Irish Revenue issued eBrief 73/15 outlining the practical implications of certain decisions of the European...

FATCA Agreement Signed between United States and Philippines

July 22, 2015

The Philippines and the United States have signed a Foreign Account Tax Compliance Act (FATCA) agreement on 13 July 2015....

DTA between Mexico and Turkey enters into force

July 22, 2015

The Double Tax Agreement (DTA) between Turkey and Mexico signed in 2013 will enter into force on 23rd July 2015. Mexico published the...

Income Tax Treaty Signed between Luxembourg and Brunei

July 21, 2015

Luxembourg and Brunei have signed an Income Tax Treaty on 14 July 2015. The purpose of the agreement between the...

Czech tax authorities clarify implications of ECJ Skandia decision

July 20, 2015

A clarification was recently issued by the Czech Republic tax administration in relation to the implications of the Skandia America...

DTA between Bulgaria and Norway ratified by Bulgaria

July 20, 2015

The Income Tax Treaty (2014) between Bulgaria and Norway has been ratified by the Bulgarian parliament on 8th July 2015....

UK: HMRC issues consultation document on intermediaries legislation

July 18, 2015

On 17 July 2015 HMRC issued a consultation document on the intermediaries legislation (IR35). The intermediaries legislation was first introduced...

World Bank and IMF announce further support for developing country tax administrations

July 17, 2015

The World Bank and the IMF announced on 10 July 2015 that they are launching an initiative to support developing...

UK: HMRC launches consultations on penalties for offshore non-compliance

July 17, 2015

On 16 July 2015 the UK tax authority HMRC launched consultations on penalties for non-compliance in relation to offshore income...

UK: HMRC publishes research report on use of offshore disclosure facilities

July 16, 2015

On 15 July 2015 HMRC published a research report on behavioral factors influencing the use of offshore disclosure facilities. The...

UK: HMRC publishes report on small business and tax decisions

July 15, 2015

The UK tax authority HMRC has published a research report entitled Small Business and Choice, reflecting interviews held with small...

Canada: Tax treaty, TIEA updates

July 15, 2015

The Finance Ministry has announced that the Double Tax Treaty (DTA) between Canada and New Zealand entered into force on...

Uruguay: New rules for depreciating intangible assets

July 15, 2015

The government of Uruguay has modified the rules for depreciating intangible assets through Decree No. 181/015 of 6 July 2015. The...

FATCA Agreement Signed between United States and India

July 14, 2015

India and the United States have signed a Foreign Account Tax Compliance Act (FATCA) agreement on 09 July 2015. This...