Posts by admin

Slovak Republic: Proposal for VAT due on payment from customer

February 5, 2015

A pending proposal regarding the time when the VAT is to be remitted would revise in Slovak Republic. So VAT...

South Africa: Transfer Pricing Adjustments Regarding Withholding Tax Obligations

February 5, 2015

Under the income tax act, section 31(3), South Africa provide that any adjusted amount for transfer pricing and thin capitalization...

Thailand: IMF reports on preliminary findings

February 4, 2015

The IMF has completed a mission to Thailand from 15 to 29 January 2015 to hold discussions in connection with...

Japan Publishes New Consumption Tax Plans for Foreign E-services

February 4, 2015

Japan has published new plans to subject the supply by foreign providers of electronic services to their consumers to 8%...

European Union: Anti abuse clause added to parent subsidiary directive

February 3, 2015

On 27 January 2015 the Council of the European Union (EU) amended the parent subsidiary directive to add a binding...

EU: sets up new mandate for the Joint Transfer Pricing Forum

February 3, 2015

As the previous mandate for the EU Joint Transfer pricing Forum had expired, on 26 January 2015 the European Commission...

OECD: report on encouraging entrepreneurship

February 3, 2015

In December 2014 the OECD published a study entitled “The Missing Entrepreneurs 2014: Policies for Inclusive Entrepreneurship in Europe”. This...

South Africa and India: Protocol to treaty enter into force

February 3, 2015

The amending protocol for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on...

Indonesia: Plans to Introduce VAT on E-Commerce

February 3, 2015

The Finance Minister of Indonesia has confirmed their plan to introduce value-added tax (VAT) on e-commerce. In order to implement...

Italy and Mexico: Ratification of the Double Taxation Agreement (DTA)

February 3, 2015

Italy has ratified the Double Taxation Agreement (DTA) on December 29, 2014 with Mexico.

China: SAT Improves the Enterprise Income Tax Policy for Those Enterprise Involved in the Accelerated Depreciation of Fixed Assets

February 2, 2015

Recently, the SAT made an announcement on the enterprise income tax policy for those enterprises involved in the accelerated depreciation...

UK: HMRC Seeks Feedback on Tax Penalties

February 2, 2015

HM Revenue and Customs (HMRC) is asking for views on how it might strengthen the effectiveness of its penalties regime....

Pakistan: Government states withholding tax rate for non-filers on registration of immovable property

February 2, 2015

The government announced on 14 January 2015, through Notification No. 30(I)/2015 that any non-filer (i.e. a taxpayer whose name does...

UK: HMRC Receives Biggest Digital Self Assessment Ever

February 2, 2015

HM Revenue and Customs (HMRC) oversaw the biggest digital Self Assessment event ever this year, receiving 10.24 million tax returns...

Spain: Amendment of Social Security Contribution Rules

February 2, 2015

Spain amended the social security contribution rules through the Ministerial Order ESS/86/2015 of 30 January 2015. The Order implements the...

US: Legislation to protect taxpayers from inappropriate use of Civil Forfeiture Laws

February 2, 2015

US congress has passed a bill to protect taxpayers from the inappropriate use of civil forfeiture laws. The bill would...

US: Budget for 2016 Proposes Minimum Tax on Foreign Income and One-Time Tax on Profits Stockpiled Offshore

February 2, 2015

The US Government has proposed minimum tax on foreign income and one-time tax on profits stockpiled offshore in its 2016...

Russia: Draft law on the thin capitalization rule submitted to State Duma

February 2, 2015

The Draft Law No. 675906-6 regarding the introduction of changes to article 269 of part 2 of the Tax Code...