Posts by admin

Russian Parliament adopts Law to permit FATCA Disclosures

June 25, 2014

The Russian parliament has allowed a bill to permit financial institutions to observe with the United States’ Foreign Account Tax...

France Reveals Revised HGV Tax

June 25, 2014

The French Ministry of Ecology has announced that the plans for a heavy goods vehicle (HGV) “eco” tax will be...

Argentina-UAE: Tax Treaty under negotiations

June 25, 2014

The Ministry of Finance of the United Arab Emirates has released negotiations for a tax treaty between Argentina and the...

Canada: CRA publishes “PTM-05R” on requests for contemporaneous documentation

June 25, 2014

The Canada Revenue Agency (CRA) has issued a memo on transfer pricing on applications for contemporaneous documentation of the auditor...

Withholding tax rates within DTA between Mexico and UAE

June 24, 2014

The DTA between Mexico and UAE of 2012 have signed on November 20, 2012. The maximum withholding tax rates are 4.9% on interest paid...

France: Withdraws IHT Agreement with Switzerland

June 24, 2014

The government of France has announced to withdraw the 1953 inheritance tax (IHT) agreement with Switzerland effective from 31 December...

Canada – Uruguay: TIEA ratified by Uruguay

June 23, 2014

According to the way of Law No. 19.223, Uruguay has ratified the Canada – Uruguay Tax Information Exchange Agreement (TIEA)...

Slovak Republic: IMF advises to keep current VAT rate

June 23, 2014

International Monetary Fund’s (IMF) advice to Slovakia to preserve the 20% VAT rate and focus more on boosting state revenues...

WTO: G-20 forces on Free Trade, despite New Duties

June 23, 2014

Though there was a net fall in trade-restrictive measures, in accordance with a new report from the World Trade Organization,...

Czech Republic: Announcement of new anti-tax evasion force

June 23, 2014

The Ministry of Interior has declared the a new anti-tax evasion unit, naming “Cobra” regarding the sign of a protocol...

Italy: Simplification of Individual Tax Filing by incorporating the provision of pre-compiled tax returns

June 23, 2014

Italian cabinet approved a draft tax simplification law decree on June 20, 2014. It was confirmed by the Minister of...

Kazakhstan – Singapore DTA ratified by Kazakhstan

June 23, 2014

The upper house of parliament in Kazakhstan has ratified the Double Taxation Agreement (DTA) with Singapore on June 19, 2014.

Russian banks help IRS after new FATCA law passed

June 22, 2014

The State passes legislation allowing Russian banks to pass information on their U.S. clients to the IRS, as demanded by the Foreign Account Tax Compliance Act...

Qatar: Tax Exemption rejected for overseas Investors

June 22, 2014

Advisory Council of Qatar has rejected a proposal to exempt foreign investors from income tax and capital gains on local...

Pakistan: Budget for 2014-2015 has been presented to the parliament

June 22, 2014

The Pakistan Government has presented to parliament the nation’s 2014-2015 Budget, which includes proposals aimed increasing tax compliance rates, increasing...

Peru: Extension of VAT withdrawal regime on certain construction activities

June 22, 2014

The Peruvian tax office has confirmed that the VAT regime of Peru will be extended to cover activities like installation...

Peru: New tax stability contracts for large scale mining projects

June 21, 2014

The government of Peru has proposed a new tax stability contract for large scale mining projects. The tax stability contract would...

Canada: Decision in Marzen Aluminum transfer pricing case has released

June 20, 2014

The Tax Court of Canada has published its judgment in Marzen Artistic Aluminum Ltd. v The Queen (2014 TCC 194) on 10...