Posts by admin

New Zealand- Canada: Second protocol to tax treaty

September 23, 2014

New Zealand and Canada signed a second protocol to income tax treaty on 12 September 2014.  This protocol delivered specific...

OECD:  Published report on guidance on transfer pricing features of intangibles

September 22, 2014

The OECD recently released the report on Action 8 of the Action Plan on 16 September 2014 which is based...

Vietnam: Guidelines on Corporate tax incentives; VAT on export-support services

September 22, 2014

Vietnam’s tax authorities issued guidance concerning the tax treatment and the determination of increased income from expansion projects during the...

China increases VAT registration threshold from October 2015

September 22, 2014

China is to raise the VAT and Business Tax threshold from Yuan 20,000 to Yuan 30,000 from first October 2015....

Romania plans to cut VAT rate extension

September 21, 2014

The Romanian Government is planning to reduce Romanian VAT to all basic foodstuffs after the success of a trial on...

US Agreed To Extend The Internet Tax Moratorium

September 21, 2014

United States have agreed a short-term extension to the Internet Tax Freedom Act until December 11, 2014. The Republican-led House...

Ukraine agrees to tax relief to boost compliance

September 20, 2014

As part of changes to the tax regime announced by the head of authority, Ukraine intends to cut the number...

European Union adds VAT on banking and insurance financial services group charges

September 20, 2014

On 17 September 2014, the European Court of Justice (ECJ) ruled in the Skandia America Corporation vs Swedish tax authorities...

VAT changes from 2015 have been proposed in Luxembourg

September 20, 2014

Luxembourg VAT compliance changes have been proposed from 2015. The new measures aim to improve the VAT regime in tax...

Switzerland- Belgium: ICTT has been approved

September 19, 2014

The Belgium – Switzerland Income and Capital Tax Treaty (ICTT) of 1978 has been signed on 10 April 2014 and...

ASEAN Inaugurates Narcotics Cooperation Centre in Thailand

September 19, 2014

The ASEAN Narcotics Cooperation Centre (ASEAN-NARCO) was officially launched in Bangkok on 15 September to further drive regional efforts in...

OECD: proposes changes to international corporate tax rules

September 18, 2014

The OECD proposals aim to ensure that corporate profits are taxed where economic activities generating the profits are performed and...

Canada: Impact of FTOs in Brazil for Canadian companies

September 18, 2014

The tax authority for Brazil verifies how to manage foreign tax offsets (FTO) and how to apply income tax treaty...

Canada: Income tax cuts prioritization

September 18, 2014

The Prime Minister of Canada has declared that tax cuts may be feasible for families while the Government has balanced...

Luxembourg-Saudi Arabia DTA entered into force

September 18, 2014

The Double Taxation Agreement (DTA) between Luxembourg and Saudi Arabia has entered into force on September 1, 2014.

US urged Immediate Congressional Action on Tax Extenders

September 18, 2014

The American Institute of Certified Public Accountants (AICPA) has urged the US Congress “to immediately address the fifty-seven tax provisions...

Netherlands: Tax plan focuses on reducing the tax burden on labour

September 18, 2014

The 2015 Tax Plan focuses on alleviating the tax burden on labour. A sum of €1 billion has been made...

Netherlands: 2015 Budget Memorandum

September 18, 2014

The Netherlands is slowly recovering from the crisis. Exports, corporate investments and consumption are all increasing. Economic growth in 2015...