Posts by admin

Turkey: Notional interest deduction as incentive for capital

April 14, 2015

The Parliament has accepted a law 6639 entitled “notional interest deduction” on 7th April 2015. This new law gives a...

DTA between Nigeria and Spain enters into force

April 13, 2015

The Income and Capital Tax Treaty between Nigeria and Spain will enter into force on 5th June 2015. 

Brazil: IMF report assesses fiscal policy

April 11, 2015

The International Monetary Fund (IMF) has issued a press release following the consultation with Brazil under Article IV of the...

Canada: Small firms publish pre-Budget proposal

April 10, 2015

The Canadian Federation of Independent Business (CFIB) has requested the Government to cut the tax rate for small business and...

Tax Treaty News: March 2015

April 6, 2015

Sweden  United Kingdom On March 26, 2015, the DTA between Sweden and United Kingdom was signed, in Stockholm. Once in...

ECJ: Advocate General issues an opinion in a case concerning VAT groups

April 5, 2015

The Advocate General of the European Court of Justice (ECJ) has published an opinion in the case of Beteiligungsgesellschaft Laurentia...

US: IRS issues notice setting limits on foreign housing expenses for 2014

April 5, 2015

In the US the Internal Revenue Service (IRS) has issued Notice 2014-29 providing inflation-adjusted limitations on foreign housing expenses for...

Hungary: IMF report makes recommendations on fiscal policy

April 5, 2015

The IMF issued a report on 3 April 2015 following the conclusion of discussions with the government of Hungary under...

Transfer Pricing Brief: March 2015

April 5, 2015

  Australia  Transfer pricing rule-The practice statement (PS LA 2015/3) issued on 26 February 2015 sets out a new internal...

OECD releases discussion draft on CFC rules

April 4, 2015

Action 3 of the OECD/G20 action plan on base erosion and profit shifting (BEPS) is concerned with taking action on...

OECD releases discussion draft on mandatory disclosure rules

April 3, 2015

On 31 March 2015 the OECD released a discussion draft in respect of Action 12 of the action plan on base...

UK: New version of company tax return form introduced

April 3, 2015

HM Revenue and Customs (HMRC) has introduced a new version of the tax return form for companies. Form CT600 version...

Nigeria: IMF comments on fiscal policy

April 3, 2015

The International Monetary Fund (IMF) has concluded bilateral discussions with Nigeria under Article IV of the IMF’s articles of agreement....

Qatar: IMF makes recommendations on fiscal policy

April 2, 2015

On 2 April 2015 the IMF published on its website a staff report and selected issues paper in respect of...

Lithuania: IMF comments on fiscal policy

April 2, 2015

The IMF has published a report of its preliminary findings following a visit to Lithuania for consultations on economic policy....

Switzerland: Completes corporate tax reform III

April 2, 2015

The Swiss Federal Council issued its parameters for the dispatch on the Corporate Tax Reform III on 2 April 2015...

New Customs Code of Uruguay

April 2, 2015

The new Customs Code of Uruguay was enacted on 18 March 2015 .The new Code was approved by the Uruguayan...

Canada: Federal budget due 21 April 2015

April 2, 2015

Finance Minister will deliver the Conservative government’s federal budget for 2015 on 21st April 2015. It is being expected that...