Posts by admin

Iceland Modifies Transfer Pricing Rules

June 25, 2015

Iceland’s Parliament has approved a Bill on 15 June 2015 amending article 57 of the Icelandic Income Tax Act No....

Switzerland- Cyprus: Swiss parliament approves the treaty

June 25, 2015

The Swiss parliament approved the Cyprus – Switzerland Income and Capital Tax Treaty of 2014 on 19 June 2015.

Slovak Republic: New transfer pricing documentation guidance

June 25, 2015

The Finance Ministry has issued new guidance on transfer pricing documentation. This guidance creates three categories of documentation based on...

IMF comments on Australian fiscal policy

June 24, 2015

On 24 June 2015 the International Monetary Fund (IMF) issued a concluding statement at the end of discussions with Australia...

Australia publishes reports on international tax issues

June 24, 2015

On 4 June 2015 the Australian Treasurer published certain reports on international tax issues for comment. These cover potential areas...

Cyprus outlines tax reforms in letter of intent to the IMF

June 23, 2015

The International Monetary Fund (IMF) has published on its website a Letter of Intent from Cyprus, together with a Memorandum...

Hungary: Parliament approves tax laws for 2016

June 20, 2015

The Parliament of Hungary approved a package of previously announced tax law changes for 2016 on 16 June 2015. According...

UK: HMRC issues PAYE penalty notices

June 19, 2015

The UK tax authority HMRC announced on 17 June 2015 that it has issued the first in-year PAYE penalty notices...

Belgium referred to ECJ on property tax rules

June 19, 2015

The European Commission has referred Belgium to the European Court of Justice (ECJ) on the grounds that its property tax...

EU: action plan for fair and efficient corporate taxation

June 19, 2015

On 17 June 2015 the European Commission presented an Action Plan for fair and efficient corporate taxation in the EU....

Uganda: Budget for 2015

June 19, 2015

Uganda’s Finance Minister has presented the Budget for 2015. The Budget proposes raising the presumptive tax threshold from UGX 50 million to...

WTO reports on G20 trade measures

June 19, 2015

The World Trade Organization (WTO) issued its thirteenth trade monitoring report on G20 trade measures on 15 June 2015. The...

IMF issues concluding statement on consultations with the Netherlands

June 18, 2015

On 15 June 2015 the International Monetary Fund (IMF) published a concluding statement following consultations with the Netherlands government under...

UK extends range of eligible investments for ISAs

June 16, 2015

With effect from 1 July 2015 the UK has extended the list of investments that can be held in an...

IMF discussion note on causes of income inequality

June 16, 2015

A staff discussion note was published on the IMF website on 15 June 2015 with the title “Causes and Consequences...

OECD issues progress report on BEPS project

June 14, 2015

The OECD held a webcast on 8 June 2015 to provide another update on progress on the action plan on...

UK: HMRC issues draft guidance on Scottish taxpayer status

June 11, 2015

The UK tax authority HMRC has issued for consultation draft technical guidance on the definition of a Scottish taxpayer for...

OECD/ G20 action plan on BEPS supported by G7 summit

June 10, 2015

The Leaders’ Declaration issued at the end of the G7 summit on 8 June 2015 reaffirmed the commitment of the...