Posts by admin

Greece Defines “Related Persons” for Transfer Pricing Purposes

January 14, 2015

The Public Revenue Administration issued a letter ruling on 9 January 2015 to define a “related person” for transfer pricing...

Mexico: Plan to remove fiscal deficit by 2017

January 14, 2015

Mexican Government has decided not to come up with new taxes or even increase existing taxes in this current 2015...

Italy: E-Invoicing Requirements for Suppliers of Goods and Services

January 14, 2015

The suppliers of goods and services in Italy will be required to submit electronic invoices through Italy’s online platform to...

US: IRS Launches International Data Exchange Service For FATCA

January 14, 2015

The US IRS on January 12 2015 announced that its international data exchange service (IDES) website is open for enrollment....

Philippines: Personal income tax reforms

January 13, 2015

The Tax Management Association of the Philippines (TMAP) has raised a concern to revamp the Personal Income tax threshold and...

Azerbaijan: Tax Code Amendments Comes into Force From 1 January 2015

January 13, 2015

President of Azerbaijan has approved and published the amendments to the Tax Code, which have already come into force. Individuals...

Canada: Comments for OECD discussion draft on international VAT-GST guidelines

January 13, 2015

The Organization for Economic Co-operation and Development (OECD) has published a discussion draft on 18th December 2014 entitled “Guidelines on...

France-China Income Tax Treaty Enters Into Force

January 13, 2015

The income tax treaty between France and China became effective from January 1, 2015. The treaty was signed on November...

Austria: Ministry of Finance publishes report from Tax Reform Commission

January 13, 2015

The Austrian Ministry of Finance published a report by the Tax Reform Commission on 12 January 2015. The Tax Reform...

Kazakhstan: DTA between Kazakhstan and Qatar Approved

January 12, 2015

On December 24, 2014, Kazakhstan’s lower house of Parliament the income tax treaty signed with Qatar for the avoidance of...

Japan: Plans for an increase in Consumption Tax from April 2017

January 12, 2015

The government has confirmed that Japanese consumption tax will rise from 8% to 10% from 1 April 2017. This latest...

Nigeria: Reduction of taxes on transfer of property

January 12, 2015

The Lagos State Governor has issued Executive Order No. EO/BRF/001 of 2015 on 5th January 2015, which decreases taxes on...

Japan: Honda Succeeds in Transfer Pricing Case

January 11, 2015

The Tokyo District Court in the case of: Heisei 23 (2011) gyou-u No. 164 ruled on 28 August 2014 that,...

Protocol to treaty between Austria and Tajikistan approved by Tajikistan

January 11, 2015

Tajikistan’s parliament approved the amending protocol on 7 January 2015 which was signed on 13 March 2013, to the Austria...

Malta: Tax Rates for Basis Year 2015

January 11, 2015

Malta’s income tax rates for the basis year 2015 are as follows: Chargeable Income (€) Single Rates From To Rate...

South Africa: Information Exchange Agreement With Cook Islands Enters Into Force

January 11, 2015

The exchange of information agreement relating to tax matters between Cook Islands and South Africa entered into force on January...

Spain and Andorra Sign Double Tax Agreement

January 11, 2015

Spain and Andorra have signed an agreement on January 8, 2015, by which both countries pledge to end double taxation...

Azerbaijan: Tax Withholding On Income from Bank Deposits Needs To Take Into Account the Relevant Rebate

January 10, 2015

Senior officials of Ministry of Taxes and banks in Azerbaijan held a meeting on January 9. It was decided in...