Posts by admin

Chile: Exemption from Least Developed Countries’ exports

July 4, 2014

The World Trade Organization (WTO) has said that Chile has joined a number of developing countries that have opened their...

IRS Warns To Expire Individual Taxpayer Numbers

July 4, 2014

IRS has announced that Individual Taxpayer Identification Numbers (ITINs) will be expired, effective from 2016, if the numbers have not...

Russia: MoF clarifies tax agents’ obligations of the securities depositories

July 4, 2014

The Ministry of Finance (MoF) has issued Letter No. 03-08-13/22654 on May 14, 2014 for clarifying the tax agents’ responsibilities...

Peru-Guidance on reporting of stocks and shares

July 4, 2014

The tax administration of Peru issued in June 2014 guidance-Resolución Superintendencia No. 169/2014/SUNAT giving approval for an electronic form for...

Malaysia-Poland: Ratified the income tax treaty

July 4, 2014

The income tax treaty between Malaysia and Poland (2013) was released on 23 June 2014 after sanctioned by Malaysia this...

Norway : Indirect tax has been Amended

July 4, 2014

Norway indirect tax has been amended in the revised budget which will be effective from 1st July 2014. Amendments regarding...

Deriving income tax by non-residents from contracts with Nigerian companies

July 4, 2014

The Federal High Court gave its decision in the case of Saipem Contracting Nigeria, Saipem (Portugal) Commercio Maritimo Su LDA...

New Zealand: Amendments to the tax pooling rules

July 4, 2014

Government intends to introduce rules to amend the current tax pooling rules and it will be applicable from 3 July...

US: FATCA comes into force

July 3, 2014

The United States Foreign Account Tax Compliance Act (FATCA) came into force on July 1 to prevent institutions hiding money...

Saudi Arabia- Draft regulations concerning the computation and collection of Zakat

July 3, 2014

The Saudi Shura Council has approved on 9 June 2014 draft regulations concerning the computation and collection of Zakat on commercial...

Nigeria: Customs starts 35% tariff on imported vehicles

July 3, 2014

Based on the new fiscal policy on imported vehicles as instructed by the Federal Government, the Nigeria Customs Service (NCS)...

Switzerland – China: Free trade agreement comes into force

July 3, 2014

A free trade agreement between Switzerland and China came into effect on 1 July 2014 with some reduction on industrial...

PGA Highlights: June 2014

July 3, 2014

In United States, The following events have been taken place under the several PGA during the month of June 2014. Agencies...

Malaysia: Inclusion of the new check-the-box requirements and its consequences

July 3, 2014

A new check-the-box named “Box R4” has been inserted on the 2014 tax return form (Form C) of Malaysia to...

Nigeria: New system regarding pension plan has enacted

July 3, 2014

The Legislation has signed into law that provides new measures for a contributory pension plan system in Nigeria. The new...

Russia: Relief from tax liability and non-payment of withholding tax due on dividends

July 3, 2014

The Federal Law No. 167-FZ that amended tax code has entered into force with effect from June 24, 2014. On...

Singapore: The 5th negotiations for the proposed Regional Comprehensive Economic Partnership (RCEP) held in Singapore

July 3, 2014

Recently, the fifth round of negotiations for the proposed Regional Comprehensive Economic Partnership (RCEP), between the Association of Southeast Asian...

UK: Tax credits renewal warning has been issued by HMRC

July 3, 2014

HM Revenue and Customs (HMRC) have warned the UK residents those Up to 1.5 million tax payer who receive tax...