Posts by admin

France: Extension Of Electronics Audit File To Non-resident VAT Companies

November 17, 2014

All non-resident or foreign French VAT registered companies are required to prepare and submit their accounting statement in a prescribed...

Switzerland- China (People’s Rep.): Treaty enters into force

November 16, 2014

The China (People’s Rep.) – Switzerland Income and Capital Tax Treaty of 2013 enters into force on 15 November and...

Japan Seeks Corporate Tax Cut In 2015

November 16, 2014

Japan’s Minister of Economy, Trade and Industry has stated that his objective is to reduce the country’s corporate income tax...

OECD: Discussion Draft on Low Value-Adding Services

November 15, 2014

The OECD issued a discussion draft on 3 November 2014 in connection with Action 10 of the BEPS project. This...

South Africa: National Treasury Publishes Regulations For Tax-Free Savings

November 15, 2014

National Treasury has published the draft Notice and Regulations required to allow the introduction of tax free savings accounts from March...

U.S. Chamber of Commerce Strengthens Commitment to U.S.-Brazil Relationship

November 15, 2014

The United States Chamber of Chamber (USCC)-affiliated Brazil-US Business Council (BUSBC) signed a Cooperation Agreement with the Brazilian National Confederation...

South Africa: National Treasury Spell out Foreign Pension Tax Exemption

November 15, 2014

The South African Service (SARS) has clarified the foreign pension tax exemption system relating to foreign pension payments that are...

OECD Strategy for Developing Country Involvement in BEPS

November 14, 2014

The OECD/G20 project on base erosion and profit shifting is important not just to developed countries but to the developing...

Switzerland-Cyprus Treaty Approved By Swiss Federal Council

November 14, 2014

The Swiss Federal Council approved the Cyprus-Switzerland Double Tax Treaty on 12 November 2014 which was signed on 25 July...

US: IRS Issues Guideline On Individual Retirement Arrangement (IRA) Rollover Rule

November 14, 2014

The Internal Revenue Service (IRS) has issued guidance regarding clarification of the impact of a rollover from one Individual Retirement...

Spain: EU Court Backs Spanish Tax Breaks For Foreign Acquisitions

November 14, 2014

Spain has won against European Union for tax breaks intended to help its companies buy stakes in foreign firms, where...

Switzerland- Hungary: Treaty enters into force

November 14, 2014

The Hungary – Switzerland Income and Capital Tax Treaty of 2013 entered into force on 9 November 2014 and this...

US and Hong Kong Sign Model 2 Intergovernmental agreement (IGA)

November 14, 2014

The United States and Hong Kong signed a Model 2 IGA, on 13 November 2014, to implement the US Foreign...

Cyprus and Iceland sign Double Taxation Agreement

November 14, 2014

The Republic of Cyprus and the Government of Iceland signed a Double Taxation Avoidance Agreement, on 13 November 2014, concerning...

UK-Japan: Protocol to existing treaty enters into force very soon

November 13, 2014

The existing Income Tax Treaty between Japan and the UK will enter into force on December 12, 2014 followed by...

Taiwan: Proposes Tax Breaks In Return for Wage Hikes

November 13, 2014

A modification to the Statute for Developing Small- and Medium-Sized Enterprises (SMEs) in Taiwan, which will provide corporate income tax...

Uruguay: Tax exemption for income regarding some investments

November 13, 2014

A new law permits a freedom from tax for income regarding certain investments. Ley N° 19.289 offers an income tax...

Bulgaria: New Government break on flat tax

November 12, 2014

A high level member of Bulgaria’s new coalition Government has said that his alternative Party will oppose the Government’s plans...