Posts by admin

Russia: Law concerning notification process of CFCs adopted

April 2, 2015

The parliament has approved Law No. 667946-6 on 27th March 2015 for extending the deadline of tax resident’s notification about...

DTA between Kazakhstan and Vietnam approved by Senate of Kazakhstan

April 2, 2015

The Double Tax Agreement (DTA) between Kazakhstan and Vietnam has approved through a law adopting by Kazakhstan’s Senate (upper chamber...

Luxembourg Signed an Income and Capital Tax Treaty with Uruguay

April 1, 2015

Luxembourg and Uruguay has signed an Income and Capital Tax Treaty on 10 March 2015. The treaty was signed for...

China: Tax Authority’s Plans to Review all Outbound Payments to Overseas Related Parties

April 1, 2015

The State Administration of Taxation (SAT) has released the Public Notice on March 26, 2015 regarding  certain corporate Income Tax...

Social Security Agreement between Israel and Moldova negotiated

April 1, 2015

The negotiations of Social Security Agreement between Israel and Moldova were held on 24th March 2015 and it is wished...

Russia: State Duma considers new draft law regarding thin capitalization rules

April 1, 2015

The Russian State Duma Council accepted the decision on 17th February 2015 to incorporate a new draft of Law No....

TIEA between Czech Republic and Bahamas ratified by Czech Republic

April 1, 2015

The Exchange of Information Agreement (TIEA) between Czech Republic and Bahamas has ratified by Czech Republic on 19th March 2015.

UK Issues Guidance on the Diverted Profits Tax

March 31, 2015

The UK included legislation to introduce the Diverted Profits Tax in the Finance Bill for 2015. Guidance on the tax...

DTA between Nigeria and Korea (Rep.) entered into force

March 31, 2015

The Income Tax Treaty between Nigeria and Korea Republic has entered into force on 21st March 2015 and it will...

EFTA- Philippines: First FTA Negotiations held

March 30, 2015

The FTA (free trade agreement) negotiation (first round) between Philippines and EFTA (European Free Trade Association) – Iceland, Liechtenstein, Norway,...

Romania: IMF Comments on Fiscal Policy

March 28, 2015

The IMF issued a report on 27 March 2015 following the conclusion of Article IV consultations with the Romanian government....

Germany: New regulations approved by German Parliament on the application of the arm’s length principle to profit allocations

March 27, 2015

New regulations approved by The Upper House of the German Parliament on the application of the arm’s length principle to...

Russia: Application for participation exemption by a tax agent

March 27, 2015

The Finance Ministry (MoF) has issued Letter No. 03-03-06/1/885 on 19th January 2015 for describing the application of the participation...

UK: HMRC Publishes Departmental Improvement Plan

March 27, 2015

On 23 March 2015 HMRC published its Departmental Improvement Plan for 2014. HMRC has been given the objective of maximizing...

US: Low Income Taxpayer Clinic Grant Recipients Announced

March 27, 2015

The Internal Revenue Service awarded approximately $10.25 million in matching grants to Low Income Taxpayer Clinics (LITCs) for the 2015...

Ireland: IMF comments on fiscal policy

March 26, 2015

The International Monetary Fund (IMF) has issued a report following discussions with the Irish government under Article IV of the...

Pakistan: WTO Conducts Trade Policy Review

March 25, 2015

The World Trade Organization (WTO) is conducting a trade policy review of Pakistan on 24 and 26 March 2015. The...

Colombia: IMF makes recommendations on tax policy

March 25, 2015

The international Monetary Fund (IMF) has issued a report following a visit by staff to Colombia for discussions under Article...