Posts by admin

Switzerland- EU: Signed an agreement on tax reform

October 16, 2014

Switzerland and EU have signed an agreement on 14 October 2014 in order to eliminate disputed corporation tax regimes. According...

Brazil: Amendments on Controlled Foreign Corporations (CFC) Rules

October 15, 2014

A deemed tax credit of 9% under CFC rules for Brazilian companies with foreign investment in some predefined industrial sector...

Malaysian Prime Minister Defends the Introduction of a Goods And Services Tax

October 15, 2014

The Malaysian Prime Minister has defended the introduction of a goods and services tax (GST) in Malaysia with effect from...

Russia: VAT treatment of electronic services

October 15, 2014

The Finance Ministry (MoF) has issued a Letter No. 03-07-08/35579 on 21 July 2014 clarifying the VAT treatment of services...

Nigeria: Notice for taxation of investment income gained by pioneer companies

October 15, 2014

The Federal Inland Revenue Services (FIRS) in Nigeria has issued a clarification notice regarding the taxation of investment income in...

Nigeria: Preparing for transfer pricing audit

October 15, 2014

A transfer pricing declaration and disclosure form will be the first returns filed in compliance with Nigeria’s transfer pricing regulations...

Belgium: Confirmation to increase VAT registration threshold from 2015

October 15, 2014

The tax authorities of Belgium confirm its plan to increase VAT registration threshold from 2015. The companies having taxable supplies...

Saudi Arabia: Electronic filing update

October 15, 2014

Monthly withholding tax return (Form Q7), will no longer be accepted at the Department of Zakat and Income Tax (“DZIT”)....

Ireland: Changes of tax rules in Budget 2015

October 14, 2014

The Ireland’s Ministry of Finance announced tax rules changes on 14 October 2014 with the plan to attract foreign investment...

Ireland: 2015 budget amendments and revocation of “double Irish” structure

October 14, 2014

Ireland presents 2015 budget on October 14, 2014 with some proposals concerning amendments of provisions for business and corporate taxpayers....

ECOFIN: Extension of an automatic exchange of tax information agreement by the EU Council

October 14, 2014

A reviewed “administrative cooperation directive” agreement have been agreed by the EU Council of Economic and Finance (ECOFIN) Ministers on...

Korea: Announces Tax Revision Proposal for 2015

October 14, 2014

The 2015 Tax Revision Proposal which was announced in August 2014 by the Ministry of Strategy and Finance, again updated...

Canada: Relief for US persons with Canadian retirement plans

October 13, 2014

The Internal Revenue Service (IRS) has issued direction announcing that it is removing the official requirements that U.S. taxpayers had...

Croatia – Luxembourg: DTA approved by Croatia

October 13, 2014

Croatia approved the Income and Capital Tax Treaty between Croatia and Luxembourg of 2014 on 25 September 2014 and the treaty...

Uruguay: Instructions for using tax administration’s website

October 13, 2014

The tax administration in Uruguay has declared that tax payment certificates may only be submitted electronically under its new online...

UK: Amended corporation tax regulations enters into force

October 13, 2014

According to the corporation tax regulations SI 2014/2409, from 1 April 2015 all companies will be subject to the 15%...

Denmark: Ministry of Taxation publishes its law programme for 2014-2015

October 12, 2014

The Ministry of Taxation published its law programme for 2014 and 2015 on 7 October 2014 and the main measures...

US: IRS redefines its small business compliance operations

October 12, 2014

Starting Oct. 20, the United States Internal Revenue Service (IRS) is realigning its tax compliance organizations serving individual and small...