Posts by admin

Australia: Taxation Ruling 2014/8 introduces by the Australian Taxation Office (ATO)

December 23, 2014

Taxation Ruling 2014/8 gives outlines on what needs to be included in the documentation if the taxpayer is to meet...

Korea: Unilateral APA program introduced

December 22, 2014

A simplified APA (Advance Pricing Agreement) program is to be introduced from 2015 for the conclusion of unilateral APAs by...

US & Mexico finalize agreement on sugar import investigations

December 22, 2014

The U.S. Department of Commerce announced on December 19, 2014 that it had finalized agreements with the Government of Mexico...

Denmark & Ghana DTA ratified by Denmark

December 22, 2014

The Danish government ratified the Denmark-Ghana Double Tax Treaty (DTA) on 19 December 2014, which was signed on March 24,...

TIEA between Indonesia and Bermuda ratified by Indonesia

December 22, 2014

Indonesia has ratified its Tax Information Exchange Agreements (TIEA) with Bermuda and it was published in the official gazette on...

Japan: Consumption Tax on nonresident providers of electronic services from 1 October 2015

December 22, 2014

Japan is moving forward with proposals to subject sales by non-resident providers of electronic services to consumers to the 8%...

Spain: Modified legislation on transfer pricing published

December 22, 2014

On 28 November 2014, Laws 26/2014 and 27/2014, which modify the most important Spanish tax laws were published in the...

Canada & UK: Protocol to DTA entered into force

December 22, 2014

The amending protocol of the Income Tax Treaty (1978) between Canada and United Kingdom has entered into force on 18th...

Greece: Released templates and guidelines for APA Negotiations

December 22, 2014

The Greek Ministry of Finance has recently released template application forms for preliminary consultations and formal negotiations, as well as...

Finland: Parliament approves Budget Bill For 2015

December 21, 2014

The Finnish Parliament approved the Budget of around 53.9 billion euros for 2015 on 19 December, 2014. A summary of...

Exchange of Information on Taxation between Indonesia and Singapore

December 20, 2014

In a meeting on 15 December 2014, Singapore Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam and Indonesia’s Finance...

India & Japan: First bilateral APA signed

December 20, 2014

The Central Board of Direct Taxes (CBDT) signed a bilateral Advance Pricing Agreement (APA) with a Japanese company on 19...

EU Parliament approves Budget for 2015

December 20, 2014

On December 17, 2014, at its plenary session Members of the European Parliament (MEPs) approved the draft EU budget for...

OECD Releases Discussion Draft on Revisions to Transfer Pricing Guidelines

December 19, 2014

A discussion draft was released by the OECD on 19 December 2014 setting out revisions to the OECD transfer pricing...

OECD Publishes Discussion Drafts on VAT and BEPS Issues

December 19, 2014

On 18 December 2014 the OECD published discussion drafts on the international VAT/GST guidance and on aspects of the action...

Latvia: Parliament adopts the State Budget for 2015

December 19, 2014

The Latvian Parliament adopted the state budget for 2015 on 17 December, 2014. The state budget for 2015 preserves the...

Turkey & Faroe Islands: Free Trade Agreement signed

December 18, 2014

The Free Trade Agreement (FTA) between Faroe Islands and Turkey has signed on 16th December 2014 in Ankara. Further details...

DTA between Qatar and Japan initialed

December 18, 2014

The Government of the State of Qatar and the Government of Japan have agreed in principle on the Agreement between...