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Transfer Pricing Brief: September 2014

October 8, 2014

Australia Transfer Pricing Documentation Requirement-Draft practice statement PS LA 3673 sets out the responsibilities in respect of transfer pricing under...

Finland: Bank account number required for tax refunds

October 7, 2014

Finish tax authorities have urged the taxpayers to inform their bank account so that they can receive tax refunds directly...

Russia: VAT free event and exhibitions for foreigners

October 7, 2014

The Finance Ministry of Russia has established that exhibition, live event and conference services provider in Russia to non-Russian customers...

Czech Republic: Expanded theory of “unreliable VAT payers”

October 6, 2014

Recently the General Tax Directorate has released the category of “unreliable VAT payers” which was effective from 1 October 2014....

China: Transfer pricing application Process

October 6, 2014

Transfer pricing adjustments may be made in accordance with Circulars 3 and 16 “Internal Working Procedure (Trial) of Special Taxation...

Chile-Hong Kong: FTA enters into force

October 6, 2014

The Free Trade Agreement (FTA) between Chile and Hong Kong will enter into force on 9 October 2014 which was...

Colombia: Court has ruled thin capitalization rule constitutional

October 4, 2014

The Constitutional Court of Colombia has ruled that the thin capitalization has been incorporated into the tax law by Article...

Finland: Companies must submit reports on construction by October 6

October 3, 2014

Businesses and self-employed operators buying construction services must file monthly reports to the Tax Administration by October 6. Companies must...

US: Cancelling Death Tax Would Induct Growth

October 2, 2014

The Heritage Foundation estimates that eliminating the federal estate tax (and related gift taxes) would boost U.S. economic growth by...

Mexico: Import VAT relief has granted

October 2, 2014

The goods importers of Mexico will be obtained an adjournment of import VAT under the measure from January 2015. Current...

Latvia undertakes more stable tax policies

October 2, 2014

The executive branch of the Government of Latvia has approved draft legislation that will impede tax rates from being altered...

South Africa and Lesotho revised Double Tax Treaty (DTA)

October 2, 2014

South Africa and Lesotho signed a double tax treaty on September 18, 2014 to replace the one that has been effective...

Finland: E-service on VAT special launched

October 1, 2014

Registration of VAT special scheme starts from 1 October 2014. Companies can submit the information through an e-service. Companies selling...

Spain: Budget Minister Presents 2015 Budget

October 1, 2014

Budget Minister Cristobal Montoro presents the Spain’s budget 2015, on September 31, 2014. There are a number of measures containing...

Thailand: Reduces tax rate for 2015

October 1, 2014

The cabinet of Thailand has approved a royal decree reducing corporate and personal income tax for the year 2015. The...

Register for and use the VAT Mini One Stop Shop

October 1, 2014

If your business has supplied digital services to consumers in the EU, you can register for HM Revenue and Customs’...

Japan-Sweden Income Tax Protocol enters into force

October 1, 2014

Japan-Sweden Income Tax Protocol which was signed on 5 December 2013 has entered into force on 12 October 2014. The...

Greek Tax Provisions has been challenged by European Union

September 30, 2014

It was asked by the European Commission to end the Greek discriminatory taxation of foreign-flagged ships and amend legislation on...