Posts by admin

UK: Budget Announcements for 2015/16

March 18, 2015

The UK budget announcements were delivered on 18 March 2015. The detail of the announcements is as follows: Business tax...

UK: Pension changes for individuals who already have an annuity

March 18, 2015

The UK has announced that measures announced last year to give more choice to individuals on how to use their...

Russia: State Duma passes new tax law without extension of thin capitalization rules

March 18, 2015

The President has signed a new law on 8th March 2015 for changing article 269 of the Russian Tax Code....

UK: Launches business rates review

March 18, 2015

The UK government has published a consultation paper on the review of the business rates, the local tax on business...

ECJ requested to give a preliminary ruling on pension surtax

March 17, 2015

The European Court of Justice (ECJ) was requested by Finland’s Supreme Administrative Court (KOH) on 6 March 2015 to give...

OECD Working Paper makes recommendations on Slovak tax policy

March 16, 2015

The OECD has published a Working Paper entitled “Moving beyond the flat tax: tax policy reform in the Slovak Republic”....

Iceland: IMF makes recommendations on fiscal policy

March 16, 2015

The International Monetary Fund (IMF) has issued a report following a visit by staff to Iceland for consultations under Article...

India: Introduced rollback provisions under the Advance Pricing Agreement

March 15, 2015

The Finance (No.2) Act, 2014 introduced the rollback provisions under the Advance Pricing Agreement (APA) program. The rules have been...

ECJ: Preliminary ruling in case on VAT exemption for welfare and social work

March 13, 2015

On 12 March 2015 the European Court of Justice (ECJ) gave its preliminary ruling in the case of “go fair”...

Belgium: IMF comments on fiscal policy

March 13, 2015

The International Monetary Fund (IMF) issued a staff report on 12 March 2015 in connection with the consultations held with...

WTO panel to negotiate in China-Canada dumping dispute

March 13, 2015

The World Trade Organization (WTO) has established a panel to judge in a dispute between Canada and China over anti-dumping...

Philippines Updates Withholding Tax Guidance

March 13, 2015

The Department of Finance has released updated guidance on withholding tax – Revenue Regulations (RR) No. 2-2015. The regulation amends previous...

Egypt Proposes Reduction in Standard Income Tax Rates

March 12, 2015

The Minister of Finance announced in a press release on 10 March 2015, that the standard corporate tax rate and...

India: IMF makes recommendations on fiscal policy

March 11, 2015

On 11 March 2015 the IMF issued a press release on their consultation with India under Article IV of its...

IMF Releases Preliminary Findings from Visit to Bangladesh

March 11, 2015

An IMF mission to Bangladesh between 25 February and 10 March 2015 held discussions relating to the review of the...

Cyprus and Bahrain sign DTA

March 11, 2015

Cyprus has signed a Double Taxation Agreement (DTA) with Bahrain on 9 March 2015. The treaty will follow the OECD...

Japan: Tax Reform Plan 2015 Submitted to the Diet

March 10, 2015

The bills for the proposed changes to the tax law as announced on 30 December 2014 were submitted to the...

Japan: Trade review carried out by World Trade Organization

March 9, 2015

On 9 and 11 March 2015 the World Trade Organization (WTO) is conducting a trade review of Japan. The WTO...