Posts by admin

Saudi Arabia & Switzerland: DTA negotiations ongoing

December 9, 2014

According to an update published by the Swiss Federal Administration on 1 October 2014, negotiations of a Income Tax Treaty...

US And Singapore Sign FATCA Intergovernmental Agreement

December 9, 2014

An intergovernmental agreement (IGA) for the implementation of the Foreign Account Tax Compliance Act (FATCA) has signed between Singapore and...

Russia: Taxation of Controlled Foreign Companies and other anti-offshore measures

December 9, 2014

The amendments to the Tax Code on CFC, has focused on the following matters: Controlled foreign companies Beneficial ownership Tax...

Kazakhstan: President has signed a Law for amending Tax Code

December 8, 2014

The President of Kazakhstan has signed a Law No. 257-V on 28th November 2014 for introducing amendments to the Tax...

Australia & Uruguay: TIEA entered into force

December 8, 2014

The Tax Information Exchange Agreement (TIEA) (2012) between Australia and Uruguay has entered into force on 1st July 2014. This...

Venezuela: Amendments to VAT legislation

December 8, 2014

The Decree No. 1436 became publicly available on 28th November 2014. The decree introduces amendments to the VAT legislation. This...

Venezuela: Amendment in Corporate Income Tax Law

December 8, 2014

A Presidential Decree No. 1.435 changes the Income Tax Law has released in official Gazette No. 6.152 of 18th November...

US And Cyprus Sign FATCA Intergovernmental Agreement

December 8, 2014

An intergovernmental agreement (IGA) for the implementation of the Foreign Account Tax Compliance Act (FATCA) has signed between Cyprus and...

UAE: Memorandum of Understanding Signed with Free Zone

December 7, 2014

The Ministry of Finance (MoF) of the United Arab Emirates (UAE) signed a Memorandum of Understanding (MoU) with the Ras...

DTA negotiations between Turkey and Niger

December 7, 2014

On 6th November 2014, Niger and Turkey agreed to begin income tax treaty negotiations. This would be the first income...

Gambia and Qatar signed an DTA

December 7, 2014

On November 18 2014, Gambia and Qatar signed an income tax treaty. After the two countries have exchanged ratification instruments...

Iraq: Income Tax Treaties with Hungary, Sri Lanka, and Turkey

December 7, 2014

Draft income tax treaties with Hungary, Sri Lanka and Turkey have been approved by the Iraqi cabinet. The treaties will...

UAE: Complying with the United States FATCA

December 7, 2014

The Dubai Financial Services Authority (DFSA) dispensed a letter to Dubai International Financial Center (DIFC), on 1 May 2014, regarding...

Argentina: New decree creates for monitoring transfer pricing rules

December 7, 2014

Tax Authority has published Decree 2103/2014 on 17 November 2014, in order to created a special unit to monitor cross-border...

Germany approves tax break for electric vehicles purchases as company cars

December 5, 2014

The Germany Cabinet on December 3, 2014 has approved measures on allowing a tax break for purchasing electric vehicle as...

Information regarding Transfer pricing reporting requirements in Czech Republic

December 5, 2014

The General Tax Directorate has released information regarding the new transfer pricing reporting requirements on its website and confirms that...

Canada Revenue Agency’s findings on research tax credit

December 5, 2014

The tax credit program of Scientific Research and Experimental Development (SR&ED) proposes generous incentives for business undertaking eligible research or...

Romania and Jersey signed TIEA

December 5, 2014

A tax information exchange agreement (TIEA) has signed between Romania and Jersey at the Romanian Embassy in London on December...