Posts by admin

OECD Publishes Comments on Transfer Pricing for Low Value Adding Intragroup Services

January 23, 2015

Intragroup services would include centralized services such as administration, accounting, legal, computer, staff matters and training, which are all considered...

African Tax Research Network to Hold its First Annual Congress

January 23, 2015

The first Annual Congress of the African Tax Research Network (ATRN) is to take place in Zimbabwe on 2 to...

Slovak Republic-Guernsey TIEA enters into force

January 23, 2015

The Tax Information Exchange Agreement (TIEA) between Guernsey and Slovakia has signed and will come into force on 26th January...

France: National Assembly Approves The Treaty With Andorra

January 22, 2015

The French National Assembly approved the income tax treaty with Andorra on 20 January 2015. Further details of the treaty...

Canada: Exemption limit on capital gains for 2015

January 22, 2015

The Economic Action Plan 2013 offers to raise the Lifetime Capital Gains Exemption (LCGE) to CAD800,000 from CAD750,000 for the...

Hong Kong: Government Intends To Extend Offshore Fund Exemption Regime

January 22, 2015

New rules in Hong Kong are being planned to exempt offshore private equity funds from tax in Hong Kong with...

The United Kingdom and Croatia sign a Double Taxation Agreement (DTA) on January 15, 2015

January 22, 2015

The United Kingdom and Croatia have signed a Double Taxation Agreement (DTA) on January 15, 2015. The aim of this...

France: Increases Transfer Pricing Documentation Penalties

January 21, 2015

France’s 2015 Finance Bill, enacted on December 29, 2014, increased the penalties applicable in cases of failure to comply with...

Nigeria: The Budget Proposal 2015 presents

January 21, 2015

The Coordinating Minister for Economy and Finance in Nigeria has presented the Budget proposal for the year 2015 to the...

Vietnam – Publishes Guidance on Corporate Income Tax Incentives

January 20, 2015

Vietnam publishes guidance on corporate income tax incentives for enterprises that rearrange or with respect to incentives granted on a...

Italy and Switzerland Agree an Amendment to Their Existing Double Tax Agreement (DTA)

January 20, 2015

Italy and Switzerland have agreed an amendment to their existing Double Tax Agreement (DTA) to enhance tax information exchange provisions.

Sixth round of trilateral FTA among China, Japan and South Korea

January 20, 2015

On January 18, 2015, the Ministry of Trade, Industry and Energy (MOTIE) of South Korea announced that the 6th round...

UK: Legislation to Implement Country-By-Country Reporting

January 20, 2015

The Government of UK has published draft legislation to implement country-by-country reporting (CbCR) based on a template developed by the...

Ukraine: Tax Compromise Law Comes into Effect

January 19, 2015

The State Fiscal Service of Ukraine has released a report stating that the law on tax compromise took effect on...

Czech Republic-US: FAQs on application of FATCA agreement published

January 19, 2015

The General Tax Directorate of Czech Republic has released frequently asked questions (FAQs) about the implementation and application of the...

Czech Republic: Information on mandatory electronic submissions for VAT purposes

January 19, 2015

The General Tax Directorate of Czech Republic has released information regarding compulsory electronic submissions in VAT proceedings on its website....

France: VAT Regime Modified

January 18, 2015

The French VAT authority has issued a number of decrees regarding modifications to the VAT regime. The modifications, effective on...

US: IRS Opens 2015 Tax Filing Season

January 18, 2015

The Internal Revenue Service (IRS) has announced the opening of the 2015 tax filing season and has highlighted a growing...