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FATCA Agreement Signed between United States and Georgia

July 14, 2015

Georgia and the United States have signed a Foreign Account Tax Compliance Act (FATCA) agreement on 10 July 2015. This...

Turkey: Corporate income tax and VAT on electronic services by nonresident businesses

July 14, 2015

The Government is considering proposals which would permit the Turkish Revenue Administration to collect both indirect and direct taxes on the online...

Canada: Pension payroll tax will not increase

July 14, 2015

The Finance Ministry of Canada has stated that the Government will not impose an obligatory increase in Canada Pension Plan (CPP)...

Nigeria: Reverse charge does not apply where nonresident companies render services to a resident

July 13, 2015

The Tax Appeal Tribunal (TAT) in Nigeria has delivered a decision in the case “Gazprom Oil & Gas Nigeria Limited (Gazprom)...

Kenya: Finance Bill for 2015

July 10, 2015

The Finance Bill 2015 was presented to the National Assembly on 11 June 2015. The Bill contains far reaching improvements to...

Negotiations for DTA between Australia and UAE

July 10, 2015

Following a recent meeting, negotiations for a double tax agreement (DTA) between Australia and the United Arab Emirates are continuing.

UK: New budget announcements for 2015/16

July 9, 2015

On 8 July 2015 the UK government announced a further set of budget proposals for 2015/16. This summer budget 2015...

Social Security Agreement between Israel and Italy ratified

July 9, 2015

By way of Law No. 98, the Social Security Agreement (2010) between Israel and Italy has been ratified on 18th...

TIEA between Aruba and Czech Republic signed

July 9, 2015

An exchange of information agreement relating to tax matters (TIEA) between Aruba and the Czech Republic was signed on 8th...

PGA Highlights: June 2015

July 8, 2015

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

Poland: Published revised draft bill on transfer pricing documentation

July 8, 2015

Poland’s Government published the revised draft of the Personal Income Tax /Corporate Income Tax Act (Bill) concerning documentation of intercompany...

Nigeria: VAT exemption for basic food items

July 7, 2015

According to Nigeria’s tax law, basic food items are exempt from VAT. The Federal High Court (Lagos) of Nigeria has issued...

Russia: Federal Council accepts amendments on CFC rules

July 7, 2015

The Russian Federation Council has accepted draft law, No. 714002-6 on 3rd June 2015 that contains changes to the Controlled...

Social Security Agreement and protocol between Canada and Italy ratified

July 7, 2015

According to Law No. 93 as published in the Official Gazette No. 154 on 6th July 2015, the Social Security...

Canada: Corporate tax measures enacted

July 6, 2015

Bill C-59 has received its first reading on 7th May 2015 implementing certain measures announced in the 2015 federal budget. These measures...

Mexican Tax Administration Service Publishes Revised Software Version of Appendix 9

July 5, 2015

The Mexican Tax Administration Service has published on its website the revised software version of Appendix 9  “Information on operations with...

Brazil issues ruling on withholding tax rate in treaty with France

July 3, 2015

Brazil has issued confirmation that there is no withholding tax on payments for technical services and technical assistance under the...

DTA between Hong Kong and UAE ratified by Hong Kong

July 3, 2015

The Income Tax Treaty (2014) between Hong Kong and United Arab Emirates has been ratified by Hong Kong on 3rd...