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Sweden: Tax Hikes in Spring Budget

April 30, 2015

On 15 April 2015 the Swedish Government presented to Parliament its proposed Spring 2015 Budget to balance increased spending on...

Bulgaria: National Revenue Agency issues 2015 manual on personal and corporate income tax

April 30, 2015

The National Revenue Agency (NRA) has issued the 2015 manual on corporate and personal income tax on 28th April 2015....

Slovak Republic: Proposed amendments to tax legislation

April 30, 2015

The Slovak Republic has proposed changes in the tax legislation including corporate income tax, personal income tax and value added tax. The...

Argentina – new installment plan for settling tax debts

April 30, 2015

The tax authority of Argentina (AFIP) has introduced a special installment plan through General Resolution No. 3727/2015 with the aim of helping...

OECD releases discussion draft on cost contribution arrangements

April 30, 2015

On 29 April 2015 the OECD released a discussion draft on cost contribution arrangements. The draft is part of action...

DTA between Czech Republic and Iran signed

April 30, 2015

The Income Tax Treaty between Czech Republic and Iran has been signed on 30th April 2015. Future information of the...

Chile: Tax administration clarifies tax treatment of gains from exclusion of shares

April 30, 2015

Tax administration has issued Ruling 1016 of 14th April 2015 which explains the tax treatment of gains from the alienation...

Peru: Amendments to income tax regulations related to financial derivatives and tax basis on indirect transfers of Peruvian shares

April 29, 2015

In Peru changes have been made to the income tax regulations regarding financial derivatives and the tax basis on indirect...

Turkey: Draft guidance on APA applications

April 29, 2015

The Turkish revenue administration released draft guidance in early April 2015 on advance pricing agreements (APAs). The guidance sets out the information that may be requested by...

OECD: Further BEPS discussion drafts planned for May 2015

April 28, 2015

Further discussion drafts are to be issued in May 2015 as part of the OECD/G20 action plan on base erosion...

Nigeria: Budget proposal 2015 passed by parliament

April 28, 2015

The parliament has passed 2015 Budget proposal on 28th April 2015. There was a proposal in Budget to raise VAT...

Uzbekistan and the United States signed a Foreign Account Tax Compliance Act (FATCA) Agreement

April 27, 2015

Uzbekistan and the United States signed a Foreign Account Tax Compliance Act (FATCA) Agreement on 3 April 2015. More specifically,...

US Double Taxation Agreement Protocol with Mexico Entered into Force

April 27, 2015

The Protocol amending Mexico’s DTA with the United States has entered into force on April 16, 2015.

EU JTPF Considers the Arbitration Convention and EU Transfer Pricing Documentation

April 25, 2015

The EU Joint Transfer Pricing Forum (JTPF) met on 12 March 2015. Following the consideration of information from the European...

ECJ rules on VAT exemption for postal services

April 25, 2015

The European Court of Justice (ECJ) has ruled in the case of European Commission v Sweden in respect of the...

ECJ ruling on exemption from capital duty under the Capital Duty Directive

April 24, 2015

On 22 April 2015 the European Court of Justice (ECJ) delivered its ruling in the case of Drukarnia Multipress. Drukarnia...

UK: Main Rate of Corporation Tax Falls to 20% and is Unified

April 24, 2015

The main rate of Corporation Tax for 2015 is 20% (With the exception of oil and gas companies with ring...

Ghana: IMF supports fiscal reforms

April 24, 2015

The IMF has approved a USD918 million loan in support of Ghana’s economic reform program. Ghana is described as one of...