Posts by admin

Kazakhstan: Tax holiday rules for corporate investors

July 8, 2014

The president has signed Law No. 209-V on June 12, 2014 for initiating a tax holiday for corporate investors in...

US: ADD/CVD Roundup for June 2014

July 7, 2014

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

Ukraine: Tax authorities updated on certain transfer pricing issues

July 7, 2014

On 1 July 2014, the Ministry of Revenues and Levies of Ukraine has issued Order No.368 which approves an updated of...

Singapore: Planning to changes Goods & Services Tax

July 7, 2014

The G0vernment of Singapore has proposed changes to the  GST regime after an evaluation. The appraisal will last until 1 July...

Poland: Proposals for CFC regime

July 7, 2014

Poland proposed bills to changes to its controlled foreign corporation (CFC) rules and thin capitalization regime. According to the rules...

Czech Republic: New 10% reduced VAT rate approves

July 7, 2014

The Czech government has accepted a new reduced 10% VAT rate from January 1, 2015 andthis rate will be used...

India: With US reached an “agreement in substance” Status of Model 1 IGA under FATCA 

July 7, 2014

India and the United States reached an “agreement in substance” for a Model 1 intergovernmental agreement (IGA) for purposes of...

Guidelines on the France-Portugal Income Tax Treaty

July 7, 2014

The Tax Administration of France issued on 25 June 2014 guidelines for those workers who work on ships and aircraft...

Mauritius – Details of the Income Tax Treaty with Kenya

July 7, 2014

The Income Tax Treaty between Kenya and Mauritius was signed on 7 May 2012. Details of the treaty have become...

Russia: Applicability of thin capitalization rules under certain conditions

July 7, 2014

The Ministry of Finance has issued Letter No. 03-08-05/9669 on May 6, 2014 that clarifies the application of thin capitalization...

Singapore: Protocol to treaty between Kazakhstan and Singapore ratified by Kazakhstan

July 6, 2014

The President of Kazakhstan ratified the amending protocol on 1 July 2014 which was signed on 9 April 2013, to...

US: Ten IGAs Join ‘In Substance’ FATCA

July 6, 2014

At the eleventh hour another ten jurisdictions joined in FATCA after fulfilling the terms of intergovernmental agreements (IGAs). According to...

US: Re-establishes Duty-Free Aid Commitment To Africa

July 6, 2014

The Government of the USA has reviewed Madagascar’s eligibility for African Growth and Opportunity Act (AGOA) tariff benefits, effective immediately,...

Transfer Pricing Brief: June 2014

July 6, 2014

Canada Penalty for documentation failurePenalties may apply if the taxpayer does not make reasonable efforts to arrive at the arm’s...

Uruguay and Guernsey signed Exchange of Information Agreement

July 6, 2014

Uruguay and Guernsey signed an Exchange of Information Agreement on 2 July 2014. The agreement will enter into force after...

Peru-New Resolution on VAT Withholding rate

July 6, 2014

The Tax Administration of Peru approved Resolution No. 203-2014/SUNAT on 27 June 2013. According to the Resolution, the VAT withholding...

Gulf States FTA with EFTA states has been entered into force from 1 July 2014

July 4, 2014

The FTA between the Cooperation Council for the Arab States of the Gulf (GCC) comprising Bahrain, Kuwait, Oman, Qatar, Saudi...

Duty-Free export of petroleum products and gas from Russia

July 4, 2014

The President of Russia has signed into law a cooperation agreement with Armenia that approves duty-free export of petroleum products,...