Posts by admin

OECD – Approved updated 2014 model tax convention

July 20, 2014

The OECD (Organization for Economic Co-operation and Development) recently declared that the OECD Council has approved 2014 update to the...

Chile: The Senate endorses tax reform bill

July 20, 2014

According to a statement from the Ministry of Finance, the Chilean Senate has approved tax reform bill from the President...

UK: HMRC publishes A list of tax avoidance schemes

July 18, 2014

A list of tax avoidance schemes with“accelerated payments”power has been published by HM Revenue and Customs (HMRC) and users may...

Poland – India DTA enters into force

July 18, 2014

On 1 June 2014, the double taxation agreement between Poland and India has been entered into force.

US: Four Charitable Tax Breaks for 2014

July 18, 2014

“America Gives More Act of 2014” has been passed in the House on July 17, by the vote of 277-130....

ASEAN: Common Food Control Requirements to Remove Trade Barriers

July 18, 2014

A Workshop on Review and Development of Guidelines on ASEAN Common Food Control Requirements (ACFCRs) was held on 14 –...

Slovak Republic – Amendments in VAT procedure under consideration

July 18, 2014

Draft amendments to the Slovak value added tax (VAT) law would give the following procedural changes: When claims are filed...

Czech Republic – Pending changes regarding VAT, investment fund managers

July 18, 2014

In Czech Republic, draft legislative or pending proposals contain: Revise of the income tax law proposes to allow for the...

Kenya-Seychelles signed the tax treaty

July 18, 2014

Kenya and Seychelles signed a double taxation agreement on 17 March 2014 which has been approved by the Cabinet of...

US imposes tariffs on Grain-Oriented Electrical Steel From Germany, Japan, and Poland

July 17, 2014

The International Trade Administration (ITA) of the US Department of Commerce (DOC) has issued its affirmative final determinations on July...

US: IRS Issues Final Rules On Truncated TINs

July 17, 2014

As part of efforts to reduce the risk of identity theft and tax refund fraud, the IRS released final regulations that...

US: House Passes Permanent Ban On Internet Access Taxes

July 17, 2014

The House Tuesday passed a bill that would make permanent the ban on taxing Internet access. The U.S. House of...

Iceland-United Kingdom: Ratified the tax treaty

July 17, 2014

The income tax treaty between Iceland and United Kingdom (2013) was ratified, (Double taxation relief and International Tax Enforcement of...

Slovak Republic: Amendments to the VAT Act

July 16, 2014

The VAT act amendments would generally apply with effect from January 1, 2015. The main changes are given below: The...

Qatar: An unique incentive have been introduced by the QFC

July 16, 2014

An unique and innovative incentive have been introduced by the Qatar Financial Centre (QFC) Authority as amendments to the Tax...

Poland-Slovak Republic DTT protocol enters into force

July 16, 2014

The Poland – Slovak Republic Income and Capital Tax Treaty (1994) protocol will enter into force on August 1, 2014...

Russia: Revised draft changes related to introduction of CFC rules

July 16, 2014

The Ministry of Finance has released a revised version of the draft law regarding introduction of CFC rules. The important...

BRICS nations agree to create BRICS bank

July 16, 2014

Leaders of the BRICS group of emerging powers on Tuesday created a Shanghai-based new international development bank and multi-billion emergency...