Posts by admin

The protocol to treaty between Denmark and India has been approved

October 12, 2014

Recently, Denmark approved the amending protocol, signed on 10 October 2013, to the Denmark – India Income and Capital Tax...

Vietnam:  Modifications to personal income tax, VAT declaration and calculation

October 12, 2014

The Ministry of Finance in order to simplify the tax administrative procedures recently issued Circular No. 119/2014/TT-BTC (Circular No. 119)...

Austria: Published draft version of 2nd Tax Law Amendment Act 2014

October 12, 2014

The Ministry of Finance published a draft version of the 2nd Tax Law Amendment Act 2014 on 1 October 2014,...

Belgium: New Coalition government agreed on proposed tax changes

October 11, 2014

A proposed tax changes has been agreed by the members of Belgium’s new coalition government. They have come to a...

Iceland: Released draft regulation on transfer pricing documentation

October 11, 2014

The Icelandic Ministry of Finance released the draft regulation on transfer pricing on 13 October 2014. According to the draft...

Colombia: Issues tax heaven countries list

October 10, 2014

The Ministry of Treasury and Public Credit of Colombia issued Decree 1966 of 2014 on 6 October 2014 with a...

Cyprus: Finance Minister Declares State Budget Report 2015

October 10, 2014

In a comprehensive report, the Finance Ministry predicts that the economy’s prospects are expected to continue to gradually improve though...

Norway: Budget for 2015 cuts taxes

October 10, 2014

The new government of Norway proposes the 2015 fiscal budget on October 8, 2014 which focuses on targeted tax cuts...

US signed Intergovernmental Agreement (IGA) with Poland

October 10, 2014

The US Treasury Department has posted the official text of the intergovernmental agreement (IGA) that the United States signed with Poland on...

Malaysian 2015 budget cuts Individual and Corporate Tax rates

October 10, 2014

The Malaysian Prime Minister and Minister of Finance Najib Razak announced a cut in Individual and Corporate tax rates in...

Chile: Law No. 20.780 has enacted with different aspects

October 10, 2014

A tax reform entitled “Law No. 20.780” related to foreign investor has published on 29 September 2014 which is effective...

Colombia: Tax reform as effective from 2015

October 9, 2014

The changes of Colombian tax provisions were passed by the government in September 2014. The reform includes the provision for...

Agreement between France and China approved by French Council of Ministers

October 9, 2014

The French Council of Minister approved the Agreement between the Government of the French Republic and the Government of the...

US-EU Trade Deal Negotiators Agrees On The Same Page

October 9, 2014

EU and US officials ended a 7th round of week-long negotiations in Washington, D.C. (US) on the Transatlantic Trade and...

Tax reduction in Greece’s 2015 Budget

October 8, 2014

Greece releases its 2015 budget on October 6, 2014. The budget reduces the solidarity tax on earners and a 30...

Memorandum of understanding between Ukraine and OECD signed

October 8, 2014

The OECD and Ukraine signed a memorandum of understanding (MoU) on 7 October 2014 to help Ukraine’s efforts to tackle...

The HM Revenue And Customs (HMRC) Considers Draft Regulations For The Purposes Of The Promoters Of Tax Avoidance Legislation

October 8, 2014

The HMRC is working on draft regulations to exclude two types of persons from the definition of “promoter” for the...

South Africa: SARS Reminds Employers Of ETI Refund Process

October 8, 2014

The South African Revenue Service (SARS) has reminded employers that the legislation that set up the Employment Tax Incentive from...