Posts by admin

China: VAT rates reformed

August 8, 2014

The Standard VAT rate levied on the import or sale of goods and the condition of processing, installation services and...

Taiwan:  With China agreed to continue trade talks

August 7, 2014

Recently, Taiwan and China have agreed to continue discussions on  goods tariff reductions within their economic cooperation framework agreement (ECFA),...

Lithuania: Approved notification form for investment projects

August 7, 2014

The head of the State Tax Inspectorate under the Ministry of Finance approved the form PLN210 and its appendices by...

Czech Republic-Luxembourg ICTT enters into force

August 7, 2014

The Income and Capital Tax Treaty (ICTT) between Czech Republic and Luxembourg has entered into force on July 31, 2014...

Canada: Interest rates of prescribed income tax unchanged for Q4 2014

August 7, 2014

The Canada Revenue Agency has declared that the interest rates of prescribed income tax for taxable benefits overpaid and underpaid...

United States: ADD/CVD Roundup for July 2014

August 6, 2014

Following table shows the Federal Register notices related to ADD/CVD cases for July 2014 in United States. Country Product Investigations Case...

Uruguay- reduction of VAT rate on electronic purchases

August 6, 2014

In Uruguay the Vat rate applicable on purchases of goods and services acquired by bank debit cards, credit cards and...

FATCA between Germany and USA has come into force

August 6, 2014

It was announced by the German Ministry of Finance that a law enabling the implementation of the United States’ Foreign...

Estonia- Amendments to the Value Added Tax Act

August 6, 2014

The President of the Republic of Estonia announced on 3 July 2014 amendments to the Value Added Tax Act of...

German Government has refused for a reform of the income tax system to eliminate “cold progression”

August 6, 2014

The German Government has refused calls for a reform of the income tax system to eliminate so-called “cold progression” before...

Estonia- New Double Tax Treaty with Luxembourg

August 6, 2014

Estonia and Luxembourg signed a double tax treaty on 7 July 2014. According to the new agreement reduced rates would...

Transfer Pricing Brief: July 2014

August 6, 2014

Brazil Financial Service– a tax on financial transactions also applies in the case of foreign exchange transactions. Germany Transfer Pricing...

OECD:  releases public request for input on BEPS Action 11

August 6, 2014

The OECD released a public request for input on the base erosion and profit shifting (BEPS) action plan Action 11 on...

TIEA between Ecuador and Honduras

August 6, 2014

On July 31, 2014, Foreign Affairs Ministry of Honduras announced the signing of a Tax information exchange agreement (TIEA) with...

US: No Need to Price Oil Rig Transaction Says IRS

August 5, 2014

In order to use an oil rig, the drilling service provider does not require the kind of special measure for...

South Africa: Tax authority proposes to revise “secondary adjustment” treatment

August 5, 2014

South African tax authority has been proposed that South Africa’s transfer pricing legislation relating to “secondary adjustments” be amended. The...

FATCA agreement between US and Czech Republic signed

August 5, 2014

United States and the Czech Republic signed a Foreign Account Tax Compliance Act (FATCA) Agreement, on 4 August 2014. Under...

FATCA between US and Isle of Man enter into force

August 5, 2014

Isle of Man and the United States Foreign Account Tax Compliance Act (FATCA) Agreement entered into force on 30 June...