Posts by admin

Slovak Republic: VAT changes approved

July 16, 2014

The parliament of Slovak Republic has accepted some changes to the VAT Act: VAT rate increase to 20% and will...

Switzerland-Kazakhstan: Revised tax treaty agreements

July 16, 2014

By exchange of letters on 9 July 2014, Kazakhstan and Switzerland signed an, extended Income and Capital Tax Treaty which...

South Africa: Davis Tax Committee Proposes Tax Reforms For SMEs

July 16, 2014

The Davis Tax Committee (DTC), which was set up by the South African Ministry of Finance in July 2013 to...

US: Government tends to curb on Offshore Deals

July 16, 2014

The Obama administration called for immediate congressional action to stop U.S. companies from using cross-border mergers to avoid the country’s...

Cyprus signs the OECD Convention on Mutual Administrative Assistance in Tax Matters

July 16, 2014

Cyprus signed the CoE-OECD Convention on Mutual Administrative Assistance in Tax Matters and its Protocol on 10 July 2014. The...

Taiwan: Ministry of Finance improved business tax for banks, insurance companies

July 16, 2014

Taiwan’s Government has increased business tax for banking and insurance industries from 2% to 5%, which will be effective on...

France-Ratification of FATCA pact with the United States

July 16, 2014

The French Minister of Foreign Affairs has presented a draft bill to ratify the intergovernmental agreement (IGA) between France and...

Czech Republic-Kyrgyzstan Income Tax Treaty signing authorizations

July 16, 2014

The Government of the Czech Republic has authorized the signing of the initialed income tax treaty between the Czech Republic...

Canada:The Court of Appeal’s decision regarding penalties in transfer pricing case

July 16, 2014

The decision regarding the case of The Minister of National Revenue v. Sifto Canada Corp has given by the Federal...

Vietnam-Turkey DTA signed

July 16, 2014

The Double Taxation Agreement (DTA) between Vietnam and Turkey has signed during four days of meetings concluding on July 9,...

France- Deadline for filing additional Transfer Pricing Statement

July 16, 2014

The French Government adopted a new additional transfer pricing documentation requirement codified under Article 223 quinquies B of the French...

Pakistan: Planning to raise further tax to 2%

July 15, 2014

The Federal Board of Revenue (FBR) is planning to raise ‘further tax’ from existing 1 % to 2%  in budget...

India: Tax benefits could be available for certain CSR activities

July 15, 2014

Recently with the Union budget the government has provided simplicity on tax aspects of corporate social responsibility (CSR). Clarifying the...

Uruguay- TIEA with Canada entered into force

July 15, 2014

Canada and Uruguay signed a tax information exchange agreement on 5 February 2013. The agreement entered into force on 27...

Argentina-Signed TIEA with Armenia

July 15, 2014

Argentina and Armenia signed a tax information exchange agreement (TIEA) on 7 July 2014. The TIEA provides bilateral assistance by...

Argentina- Membership status on OECD Committee on Fiscal Affairs

July 15, 2014

Argentina signed an agreement on 26 June 2014 to become an associated member of the Organization for Economic Co-operation and...

Vietnam: Issues new Circular on Corporate Income Tax

July 15, 2014

The Ministry of Finance published Circular No. 78/2014/T-BTC (Circular No. 78) on 18 June 2014, which provides additional execution guidance...

Canada – Hiking individual income tax rate in Ontario budget

July 15, 2014

The Ministry of Finance in Ontario has announced plans to hike the provincial personal income tax rate, as part of...