Posts by admin

South Africa: SARS Issues Tax Dispute Resolution Guide

November 1, 2014

The South African Revenue Service has released a ‘Dispute Resolution Guide’ promulgated in terms of section 103 of the Tax...

Australia: new tax treaty with Switzerland enters into force on 14 October 2014

November 1, 2014

Australia-Switzerland new tax treaty has entered into force on 14 October 2014. The treaty, which was signed on 30 July...

Luxembourg: Double Taxation Treaty (DTA) with Guernsey enters into force

November 1, 2014

The Double Taxation Treaty (DTA) between Luxembourg and Guernsey has entered into force on August 8, 2014.

Indonesia- Papua New Guinea Double Taxation Treaty (DTA) enters into force on March 5, 2014

November 1, 2014

The Double Taxation Treaty (DTA) between Indonesia and Papua New Guinea has entered into force on March 5, 2014.

Canada: Family tax cut to be effective instantly

October 31, 2014

The Prime Minister of Canada has announced tax changes on 30 October 2014 that would give tax savings to families...

Bahrain – Hungary: Treaty has been approved

October 31, 2014

The Bahrain – Hungary Income Tax Treaty of 2014 has been approved by the Hungarian parliament on 25 October 2014.Further...

Hungary-Jersey: Exchange of information agreement has been approved

October 31, 2014

The Hungary – Jersey Exchange of Information Agreement of 2014 has been approved by the Hungarian parliament on 25 October...

Slovak Republic: Tax amendments for 2015 has approved by the Parliament

October 30, 2014

The Parliament of Slovak Republic has approved the proposed changes regarding the Income Tax Act on 30th October 2014 and it...

US Signed Draft Agreement With Mexico On Sugar Trade Dispute

October 30, 2014

The draft agreement has signed between US and Mexico which aims to suspend US anti-dumping and anti-subsidy duties on Mexican...

Cyprus: Association of Cyprus Banks (ACB) Plans to Implement FATCA

October 30, 2014

In against to tax evasion, member banks of the Association of Cyprus Banks (ACB) are currently in the process of...

Romania: Prime Minister Confirms To Keep Flat Tax Regime

October 30, 2014

Prime Minister, Victor Ponta has reconfirmed that the country’s flat corporate and personal income tax rate of 16 percent will...

US: IRS Reminds To US Tax Preparers For PTIN Renewals

October 29, 2014

The Internal Revenue Service has reminded the nation’s more than 690,000 federal tax return preparers that they must renew their...

Sri Lanka: Govt. Imposes Land Transaction Tax On Foreigners

October 29, 2014

Foreigners will only be able to purchase land in Sri Lanka through long lease agreements and purchases will be subject...

OECD– Releases Comments on Discussion draft regarding “Transfer Pricing Comparability Data and Developing Countries”

October 29, 2014

The OECD invited comments on 6 June 2012 from interested parties on its Discussion Draft on Transfer Pricing Comparability Data and...

Sri Lanka: Government Intends to Reduce Tax In “2015 Budget”

October 28, 2014

Sri Lanka’s President, Mahinda Rajapaksa, in his additional role as the Minister of Finance and Planning, presented Sri Lanka’s 2015...

Nigeria: VAT free services for stock exchange commissions

October 28, 2014

According to a current order in Nigeria, stock exchange commissions are free from value added tax (VAT). The order was...

OECD: Go into French Tax improvement Debate

October 28, 2014

The Organization for Economic Cooperation and Development (OECD) has recommended a number of direct tax reforms to build on the...

OECD: 9th Meeting of Forum on Tax Administration took place in Dublin

October 28, 2014

The 9th Meeting of the Forum on Tax Administration (FTA) took place in Dublin on 23-24 October 2014 in Dublin,...