Posts by admin

Russia: Zero VAT rate applicable to freight services provided by certain vessels

September 16, 2014

The Finance Ministry (MoF) has issued Letter No. 03-07-РЗ/32218 on July 3, 2014 describing the VAT rate applicable to the...

CGT Provisions in DTA has been amended by Luxembourg & France

September 15, 2014

Capital gains tax provisions on real estate have been amended by Luxembourg & France and this is for a fourth...

Kazakhstan-Singapore ITT protocol enters into force

September 15, 2014

The amended protocol to Income Tax treaty (ITT) between Kazakhstan and Singapore has entered into force on September 12, 2014...

UK: Pension statements and the annual allowance to be sent soon

September 15, 2014

Pension providers will soon be sending annual allowance pension statements for the 2013 to 2014 tax year to all pension...

Czech Republic-Singapore ITT protocol enters into force

September 15, 2014

The amending protocol to the Czech Republic – Singapore Income Tax Treaty (ITT) has entered into force on September 12,...

Turkey -Moldova FTA signed

September 15, 2014

The Free Trade Agreement (FTA) between Moldova and Turkey has signed on September 11, 2014. Further details will be reported...

OECD Urges Spain To Reduce Tax Exemptions

September 13, 2014

The Organization for Economic Cooperation and Development (OECD) has advised Spain to further broaden its corporate tax base, reduce the...

Albania-UAE Income and Capital Tax Treaty has been ratified

September 12, 2014

The Income and Capital Tax Treaty between Albania and United Arab Emirates has been ratified on June 19, 2014 by...

Malaysia clarified tax treatment of income received by a foreign fund management company

September 11, 2014

A public ruling has been issued by the Inland Revenue Board of Malaysia explaining the tax treatment of income received...

HMRC will introduce Penalties For Real Time PAYE Errors from October 2014

September 11, 2014

HMRC will introduce penalties for late real-time pay-as-you-earn (PAYE) returns from October, 2014. Companies employing 50 or more people will...

Greece: Tax cuts initiative will take place by Greek PM in the months ahead

September 11, 2014

Details of a “road map” for reducing taxes will be unveiled by Greece’s Prime Minister, Antonis Samaras and which will...

China: Termination of Anti-dumping Measures Applicable to Imports of Pyrocatechol originated in the EU

September 11, 2014

On August 25, 2009, the Ministry of Commerce issued Announcement No.53 of 2009, deciding to continue to impose anti-dumping measures...

China: Termination of Anti-dumping Measures against Imports of Phthalic Anhydride Originated in ROK, Japan and India

September 11, 2014

On August 30, 2009, Ministry of Commerce of the People’s Republic of China (hereinafter referred to as the “Ministry of...

Russia: Simplification in VAT invoice

September 10, 2014

Businesses those are VAT registered in Russia will no need to deliver consumers along with full VAT receipts from 1st...

Slovak Republic: Proposals on transfer pricing and thin capitalization

September 9, 2014

A draft amendment to income tax law in Slovakia contains provisions regarding changes to the rules for transfer pricing and...

Croatia: New tax measurement has been announced by government

September 9, 2014

The government has declared new tax measure on VAT, personal allowance, Employment earnings and others in order to enhance the...

Brazil: Provisional Measure 644/2014 was terminated by National Congress

September 8, 2014

Brazil was issued Provisional Measure 644/2014 in order to introduce individual income tax legislation for 2015 (tax year) and this...

Canada: Legislative proposals regarding thin-capitalization, loans, other items

September 8, 2014

The Finance Department has published a draft legislative proposal to implement certain exceptional measures actually declared in the 2014 federal...