Posts by admin

Transfer Pricing Brief: August 2014

September 3, 2014

Australia Financial services-With effect from 1 July 2014 the permitted debt to equity ratio has been reduced from 3:1 to...

South Africa: E-services in South African VAT

September 3, 2014

Despite the potentially limitless scope of the VAT law, the VAT Act was recently amended to specifically include foreign suppliers...

Israel: Central Bank calls for fiscal restraint

September 2, 2014

The Central Bank in Israel has issued an economic policy due to warn to the Government, cautioning that the introduction...

Hong Kong: SFC gazette on Revised Code on Real Estate Investment Trusts (REITs)

September 2, 2014

Revised Code on Real Estate Investment Trusts (REITs) has been gazetted by the Securities and Future Commission (SFC). Hong Kong’s...

Canada: A case regarding transfer pricing adjustments

September 2, 2014

In subsection 247(2) of the Income Tax Act, the transfer pricing adjustment rules apply if transactions undertaken by non-arm’s length...

ASEAN: Comprehensive Investment Agreement (ACIA) signs to Improve Investment Regimes

September 1, 2014

ASEAN Economic Ministers signed the Protocol to Amend the ASEAN Comprehensive Investment Agreement (ACIA) last week in Nay Pyi Taw,...

UK Pension scheme administrators: New requirements to be fit and proper persons

September 1, 2014

HM Revenue & Customs (HMRC) is committed to combating pension liberation activity. To build on a number of recent changes...

OECD: Global Forum released new compliance ratings on tax transparency for 10 jurisdictions

September 1, 2014

The Global Forum on Transparency and Exchange of Information for Tax Purposes published a review reports on 4th August 2014, demonstrating...

Korea-Extending antidumping duties on Chinese products

August 31, 2014

The trade commission of South Korea has decided that the anti-dumping duties on Chinese plate glass would be imposed for...

Romania: The Ministry of Finance published new tax provision

August 31, 2014

The Ministry of Finance published drafts proposal of the Tax Code and the Fiscal Procedures Code, on 30 June 2014....

Government of Finland approves 2015 budget

August 29, 2014

After weeks of one-on-one and full-cabinet negotiations, the Government has agreed on the 2015 budget proposal. The proposal is mainly...

The amended protocol of AANZFTA has been welcomed by New Zealand

August 29, 2014

The signing of protocol to amend the Agreement Establishing the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA) has been welcomed by...

Russia: Interest derived by a foreign company is subject to CIT

August 29, 2014

The Finance Ministry has released Letter No. 03-00-08/2/29954 that describes the tax treatment applicable to interest paid by a Russian...

US: Treasury Department republishes list of boycott countries that result in restriction of US tax benefits

August 28, 2014

The list of countries that requires cooperation with, or participation in, an international boycott as a condition of doing business...

ASEAN cross-border framework launched

August 28, 2014

The ASEAN Capital Markets Forum (ACMF) announced the ASEAN Framework for cross-border offering of collective investment schemes (CIS) is now...

IRS announces the release of the 2014–2015 Priority Guidance Plan

August 28, 2014

The Treasury Department and IRS today released the IRS priority guidance plan for 2014-2015, which is intended to focus resources...

Andorra – Switzerland: Exchange of information agreement ratified

August 28, 2014

The Andorra – Switzerland exchange of information agreement of 2014 was ratified by Andorra on 24 July 2014 and after...

Hungary and US FATCA enters into force

August 27, 2014

The Foreign Account Tax Compliance Act (FATCA) agreement (2014) between Hungary and the United States entered into force on 16...