Posts by admin

US: Issues final regulation TD 9707 to provide guidance on the requirements to file IRS Form 5472

January 6, 2015

Final regulations TD 9707 provide guidance on the filing requirements for Form 5472 which is the information return for a...

Tax Treaty News: December 2014

January 6, 2015

Canada – UK On December 18, 2014, the amending protocol of the Income Tax Treaty between Canada and United Kingdom...

Taiwan: Income tax treaty with Austria enters into force

January 6, 2015

The Double Tax Agreement (DTA) between Taiwan and Austria entered into force on 20 December 2014. Most of the treaty...

Cyprus: Double Tax Agreements With Spain And Norway Come Into Effect

January 5, 2015

Cyprus’s double tax treaties with Spain and Norway come into effect as of January 1, 2015.  All of the new...

Malaysia: IRB Issues Public Ruling On Qualifying Plant And Machinery For Claiming Capital Allowances

January 5, 2015

The Inland Revenue Board of Malaysia (IRBM) released a public ruling (No.12/2014) on qualifying plant and machinery for claiming capital...

Canada-Korea (Rep.) Free Trade Agreement enters into force

January 2, 2015

The Free Trade Agreement (FTA) between Canada and Korea (Rep.) has entered into force on 1st January 2015 and signed...

Azerbaijan: approves tax code amendments to introduce excise tax and to set new tax rates

January 2, 2015

The Parliament of Azerbaijan has approved amendments of tax code introducing excise tax on precious metals, and setting new tax...

Mexico: Developments of non-oil tax revenue

January 2, 2015

The Secretariat of Finance and Public Credit (SHCP) recently released statistics about Mexico’s non-oil tax revenues. According to the statistics...

Bulgaria: Budget for the year 2015 adopts

January 2, 2015

The Bulgarian parliament has adopted the Budget Bill on 19th December 2014 for the year 2015 and this Bill applies...

Transfer Pricing Brief: December 2014

January 2, 2015

Argentina Compliance-Decree 2103/2014 created a special unit to monitor cross-border trade and coordinate the work of the various government bodies...

World Tax Brief : December 2014

January 1, 2015

China Incentives on Industry/manufacturing : Circular Cai Shui [2014] no 59 has extended the 15% tax rate to Technologically Advanced...

Finland: Publishes Its Decision Regarding Obligation To Disclose Tax Information

January 1, 2015

The Finish tax administration published its decision regarding the formal obligation to disclose information to the tax administration, on December...

Saudi Arabia: Investors look to new free zone in Oman

January 1, 2015

In accordance with the feedback received at a current event, Saudi investors are wished for setting up operations in the...

Colombia: Congress passed tax reform

January 1, 2015

On December 15, 2014, The Colombian lower house of Congress approved a tax reform that is take effect from first...

UK: Stamp Duty Reforms on Residential Property

January 1, 2015

UK has cut stamp duty for the majority of homebuyers to make it fairer. The new rules have started on...

Malaysia: IRB Issues Public Ruling On Small Asset Tax Allowance

January 1, 2015

The Inland Revenue Board of Malaysia (IRBM) has issued a new public ruling providing guidance on the 100 percent special...

Canada: Taxpayers to be better off in 2015

January 1, 2015

As a result of tax reforms initiated by the Canadian Taxpayers’ Federation (CTF), Canadian families will have more money in...

GCC: The International Monetary Fund (IMF) Recommends Diversifying Tax Bases of the States of Gulf Cooperation Council

January 1, 2015

The International Monetary Fund (IMF) has recommended diversifying tax bases of the states of Gulf Cooperation Council (GCC). It wants...