Posts by admin

Sweden: Tax hikes in proposed budget for 2015

October 24, 2014

Finance Minister of Sweden, Magdalena Andersson presented the 2015 budget on October 23, 2014 with the increase of taxes on...

South Africa: Finance Minister is Looking At Tax Rises Next Year

October 24, 2014

When presenting the Medium-Term Budget Policy Statement on 22 October 2014 South Africa’s Finance Minister gave a warning that, with...

US: Inland Revenue Service (IRS) Announces 2015 Pension Plan Limitations

October 24, 2014

The Internal Revenue Service announced the cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax...

Uruguay-Romania: Income and Capital Tax Treaty entered into force

October 23, 2014

The Income and Capital Tax Treaty between Romania and Uruguay has entered into force on 22 October 2014. The treaty...

Kenya ratifies the Double Tax Treaty with South Africa

October 22, 2014

The Income Tax Treaty between Kenya and South Africa has been ratified on the basis of Legal Notice No. 141...

Germany: Receives tax warning from EU on the discriminatory taxation of legacies to foreign charities

October 22, 2014

Germany receives tax caution from EU on the discriminatory taxation to foreign charities. The European Commission warns Germany to amend...

Czech Republic: Second phase of Transfer pricing questionnaires

October 22, 2014

A Transfer Pricing (TP) questionnaire in August 2014 has circulated by the special tax authority of the Czech Republic. The...

India: Service Tax on Bank Fees and Commission

October 22, 2014

Non-Resident Indians (NRIs) will have to pay more to remit money to India as the government of India has imposed...

Indonesia: Tax Information Exchange Agreement (TIEA) with the Isle of Man enters into force

October 21, 2014

The Tax Information Exchange Agreement (TIEA) between Indonesia and the Isle of Man entered into force on 22 September 2014....

Nigeria: Tax Authority imposes interest on unpaid taxes

October 21, 2014

The Federal Inland Revenue Service (FIRS) has issued a public notice entitled “Administration of penalty and interest rate regimes under...

European Commission warns Romania on taxation of foreign companies

October 21, 2014

The European Commission has formally asked Romania to stop the discriminatory tax treatment of foreign legal entities. According to Romanian present...

Belgium: VAT office guideline on the issue of invoice before taxable supplies

October 21, 2014

The Belgium VAT office has issued a guidelines regarding VAT treatment for the issuance of invoices before providing taxable supply...

UK: Tax avoidance demands top £250m

October 21, 2014

HM Revenue and Customs has sent notices to tax avoidance scheme users to pay over £250 million of disputed tax...

Spain: Tax Authority Launches Modernization Strategy In the management of VAT

October 20, 2014

The Inland Revenue of Spain has launched a modernization strategy in the management of Value Added Tax which will expedite...

Canada: New business tax reminder mobile app introduces

October 20, 2014

The Canada Revenue Agency (CRA) has created new business tax reminder mobile app by which small and medium-sized businesses get...

Austria:  Gets an extra year to fully comply with Automatically Exchange Tax Data

October 19, 2014

The EU’s council in Luxembourg on 16 October 2014 at a meeting the finance ministers decided that Austria being granted...

Czech Republic: Issues transfer pricing form

October 19, 2014

From October 2014 a transfer pricing form has been introduced for submission to the tax authorities annually with the tax...

Ecuador: Imposition of electronic invoices on tax registered business

October 19, 2014

Tax registered business in Ecuador are obliged to maintain electronic invoices. This measure is imposed to reduce VAT fraud in...