Posts by admin

Spain: Supreme Court rules certain provisions of the transfer pricing regulations

August 14, 2014

The Spanish Supreme Court issued its final judgment regarding challenges the constitutionality of specific provisions of the transfer pricing regulations on 14 July,...

Free trade agreement between EFTA and Central American states set to enter into force

August 14, 2014

The free trade agreement between EFTA states (European Free Trade Association) – Iceland, Liechtenstein, Norway and Switzerland and the Central...

Mexico-UAE ITT effects and FATCA updates

August 14, 2014

The Income Tax Treaty (ITT) between the United Arab Emirates and Mexico has been ratified and entered into force in...

Mexico-Panama: Shared transfer pricing regime

August 13, 2014

The National Revenue Authority of Panama and Mexico’s Tax Administration Service (SAT’s) shared transfer pricing experience in order to  know...

Czech Republic – Excise duty on diesel and VAT on electronic services

August 13, 2014

Changes to the tax procedure and rules income tax law have passed through the first reading. At the third reading,...

Russia: MoF declares tax treatment of royalties when paid to a partnership

August 13, 2014

According to the Germany-Russia Income and Capital Tax Treaty, the Finance Ministry has declared a Letter 03-08-RZ/38351 describing the tax...

Canada-US FATCA constitutional challenge

August 13, 2014

A constitutional challenge has brought against the Canadian government over its Foreign Account Tax Compliance Act (FATCA) agreement with the...

Sri Lanka: Central Bank sets out FATCA compliance

August 12, 2014

The Central Bank of Sri Lanka set out measures to relax the foreign exchange control rules. The government of Sri...

Latvia proposed a twelve month tax break for Latvian Sanction-Hit Companies

August 12, 2014

In response to the Russian embargo on most food products imported from the European Union, Latvia’s Economy Minister, Vjaceslavs Dombrovskis,...

Colombia: National Tax Authority publishes rules on requirements to benefit from Law 1429/2010

August 12, 2014

The National Tax Authority has recently published (Ruling 34166/2014), referred to the requirements that small enterprises must comply with in...

Australia – Reduces safe harbor for thin capitalization

August 12, 2014

Australia recently reduced the safe harbor rule for thin capitalization limit from 75% to 60%, corporate groups may want to...

FATCA agreement between US and Sweden signed

August 12, 2014

Sweden and the United States signed a Foreign Account Tax Compliance Act (FATCA) Agreement, on August 08, 2014. Under the...

Czech Republic: Obligatory reporting on related-party transactions

August 11, 2014

The Czech Tax Administration has declared a new reporting obligation for all entities accountable for corporate income tax in the...

Singapore: SMU launches first Tax Research Center

August 10, 2014

In association with the Tax Academy of Singapore (TA), and with the backing of the Inland Revenue Authority of Singapore...

Lithuania: modified VAT registration rules

August 10, 2014

The Ministry of Finance amended the Rules on Registration to the VAT Register/Deregistration from the VAT Register by way of...

Uruguay-Tax authorities rule on application of transfer pricing study

August 10, 2014

The tax administration of Uruguay issued Ruling No. 5,975 on 18 June 2014.  According to the ruling transfer pricing study...

China: General tax audit on service fees and royalties payment

August 9, 2014

The State Administration of Taxation (SAT) has urged the tax authorities at all levels to carry out general tax audits...

Greek PM Tackles Property Tax Mess

August 8, 2014

It has been decreed by the Greece’s Prime Minister, Antonis Samaras that this year’s property tax bills will be based...