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India: Publishes Circular on authorization of long-term bonds and rate of interest

November 12, 2014

With effect from 1 October 2014, the Finance (No. 2) Act 2014 has amended section 194LC (i.e. interest on a...

France: Tax Administration Publishes Guidelines On The Abridged Transfer Pricing Documentation

November 11, 2014

French tax administration published guidelines on the abridged transfer pricing documentation in the Official Bulletin for Public Finances Taxes on...

Portugal: VAT changes following 2015 Budget

November 11, 2014

The VAT regime has been changed in Portugal following the 2015 budget. The major changes are: Fees from exhibitions to...

Colombia: Foreign Ministry announces implementation of Free Trade Agreement (FTA) with the European Union (EU) and Peru

November 11, 2014

The Foreign Ministry of Colombia announced on November 6, 2014 a full implementation of free trade agreement (FTA) with the...

WTO Report Shows a Rise in Restrictive Trade Measures

November 10, 2014

A report prepared by the World Trade Organization (WTO) for the G20 and issued on 6 November 2014 indicates that...

OECD Report Examines Tax Debt Management

November 10, 2014

The OECD Forum on Tax Administration (FTA) has published a study entitled “Working Smarter in Tax Debt Management” to provide...

Ireland signs new Double Taxation Agreement (DTA) with Ethiopia

November 10, 2014

Ireland and Ethiopia has signed a new Double Taxation Agreement (DTA) on November 3, 2014. The legal procedures to bring...

Ghana: Ghana Revenue Authority Launches e-Tax Portal

November 9, 2014

The Ghana Revenue Authority (GRA) has launched an online portal to easily facilitate compliance, processing and collection of taxes by...

France and Serbia Sign Social Security Agreement

November 8, 2014

France and Serbia signed a social security agreement on 6 November 2014. After in force and effective the agreement will...

Belgium: new government agrees on VAT compliance updates

November 8, 2014

The new government of Belgium has agreed on changes of VAT compliance issues. The changes are: 6% of the reduced...

EFTA and Bosnia-Herzegovina: FTA enters into force

November 7, 2014

The multilateral free trade agreement (FTA) between Bosnia and Herzegovina and EFTA (the European Free Trade Association) states- Iceland, Liechtenstein,...

US: IRS Warns Congress To Decide On Tax Extenders

November 7, 2014

Severe delays and inconvenience for millions of taxpayers could result in 2015 if the “lame duck” U.S. Congress fails to...

South Africa: National Treasury Invites Technical Tax Proposals

November 7, 2014

South Africa’s National Treasury has invited taxpayers, tax practitioners and members of the public to submit any technical proposals in...

Estonia: publishes a new version of combined tax form to report both corporate and payroll taxes

November 7, 2014

Estonia tax authority has published a new version of combined form to report both corporate and payroll taxes and which...

Sweden: Supreme Administrative Court confirms the tax treatment of carried interest by private equity companies as capital gains

November 7, 2014

The Supreme Administrative Court has confirmed the tax treatment of carried interest by private equity companies as capital gains rather...

Denmark: Government publishes package on measures to prevent tax evasion

November 6, 2014

The Danish government published a package of measures to prevent tax evasion and the use of tax havens on 6...

UK: HMRC warns on late tax return penalty

November 5, 2014

The UK tax authority HMRC has warned that the taxpayers in UK who have not filed their 2013-2014 tax return...

Tax Treaty News: October 2014

November 5, 2014

South Korea – Andorra On October 23, 2014, The Republic of Korea signed a Tax Information Exchange Agreement (TIEA) with...