Posts by admin

South Africa Launches First Islamic Bond

September 18, 2014

South Africa launched sub-Saharan Africa’s first Islamic bond, paving the way for issues by other countries in the region. National...

France: Tax Authority Released The Final Version Of Abridged Documentation Report

September 18, 2014

The tax authorities of France released the final version of the tax form No 2257-SD on 16 September 2014  which...

Czech Republic-Colombia Income Tax Treaty details

September 18, 2014

The Income Tax Treaty (ITT) between Colombia and Czech Republic has accepted Colombian Congress and it was signed on March...

China VAT changes exemptions on export services

September 18, 2014

China is to implement new categories for determining the exemption rules for export services. The changes apply from October 2014....

Turkey: Provisions in tax amnesty

September 17, 2014

The Turkish Parliament has passed a tax amnesty program as Law No. 6552 that was released on September 11, 2014....

Brazil: Reduced income tax rate on manufacturing industries

September 17, 2014

The Ministry of Finance has declared that, reduced income tax rate from 34% to 25% will impose on foreign income...

Russia: Revised version of the draft law publishes

September 17, 2014

The Ministry of Finance in Russia has released a significantly revised version of the draft law on the package of...

Slovenia: Financial administration approved to conclude advance pricing agreements

September 17, 2014

In Slovenia, the amendments to the Financial Administration Law (the Law) entered into force on 1st August 2014. This Law...

Hong Kong Signs on to New OECD Tax Info Standards

September 17, 2014

The government of Hong Kong has recently announced that it will support the Organization for Economic Cooperation and Development’s (OECD,...

OECD: released its first recommendations under BEPS project

September 17, 2014

The OECD released its first recommendations on 16 September 2014, for a coordinated international approach to combat tax avoidance by...

Cyprus agrees to exchange of information on tax with India

September 17, 2014

Cyprus has accepted a key condition put forward by India on effective exchange of information on tax avoiders, hoping its...

ASEAN: SMEs 2025 Vision

September 17, 2014

In order to building upon the policy workshop, participants reaffirmed the vision by 2025, key representatives from small and medium enterprise (SME) policy makers,...

Chile: Tax reform has approved by Chilean Congress

September 16, 2014

The bill of Law amending the tax regulations has been approved by the Chilean Chamber of Representatives on September 10, 2014. Currently,...

Romania: Government Confirms Social Security Tax Reduction

September 16, 2014

The Government of Romania has approved a reduction in the social security tax paid by employers, in defiance of the...

Norwegian Tonnage Tax Regime Tweak has been approved by EFTA

September 16, 2014

Amendment to the Norwegian Special Tax System for Shipping has been approved by the European Free Trade Association Surveillance Authority...

Turkey: Omnibus Law enters into force

September 16, 2014

The Law No. 6552 (the “Omnibus Law”) has published in the Official Gazette on September 11, 2014. The law permits...

Slovak Republic: Regulation regarding binding rulings has published

September 16, 2014

The Ministry of Finance published Regulation No. 229/2014 that gives the tax aspects for which binding rulings may be issued...

Slovak Republic: New guidance regarding transfer pricing documentation has been published

September 16, 2014

The Ministry of Finance has published new guidance on the contents of transfer pricing documentation (TPD) on August 20, 2014...