Posts by admin

Singapore agrees with WTO’s Trade Simplification Inventiveness

June 20, 2014

Under a statement from the Ministry of Trade and Industry Singapore has informed the World Trade Organization (WTO) that it...

Germany: Setting up a special unit within the tax investigation department to protect fiscal crime

June 20, 2014

A special unit has been set up by the German federal state of Baden-Württemberg within its tax investigation department to...

Brazil: Tax Credits Program for Exporters

June 20, 2014

Brazil government will renew a tax credit program for manufactured goods exporters from June 18, 2014. This program will fix...

Kazakhstan: Investor tax breaks enacts

June 19, 2014

The President has signed into law tax concessions to raise foreign investment, including an 8-year relief from property tax, a...

Canada: Filing trust elections for employee benefit, foreign is due 26 June

June 19, 2014

Employee benefit plan gives benefit to employees who render services to Canadian resident employers, or a stock plan administered through...

Canada: Indirect tax challenges for real estate sector

June 19, 2014

Industry of real estate business may face indirect tax—GST/HST and QST—challenges. The indirect tax rules specific to the real estate...

Venezuela: Customs system changes regarding foreign exchange rates

June 19, 2014

Venezuela’s tax and customs administration (SENIAT) has declared changes to both versions of its automated customs system (Sistema Aduanero Automatizado...

Brazil: Tax exemption to encourage Initial Public Offerings

June 19, 2014

On June 16 of 2014 the Ministry of Finance confirmed that the initial public offerings (IPOs) of smaller company’s investment...

France: Planning of Tax Cuts By 2017

June 19, 2014

The French Court of Auditors is estimating that the companies’ liability to mandatory levies will be cut by EUR14bn between...

Hong Kong: Advance Ruling for source of profits relating to branch’s transactions

June 18, 2014

An “advance ruling” is issued by the Inland Revenue Department addressing the locality of profits for Hong Kong tax purposes....

Israel-Panama: DTA ratified by Israel

June 18, 2014

Israel has ratified the Double taxation Agreement between Israel and Panama on May 26, 2014.

Hong Kong emphasis to conclude ASEAN FTA

June 18, 2014

Hong Kong is planning to give emphasis on finalizing the proposed Hong Kong-Association of Southeast Asian Nations (ASEAN) free trade...

OECD agrees with US tax reform

June 18, 2014

The Organization for Economic Cooperation and Development’s (OECD) chimes in on US tax reform. OECD’s Secretary-General Angel Gurría presented the...

UAE – Montenegro: DTA enters into force

June 18, 2014

Income and Capital Tax Treaty between The United Arab Emirates and Montenegro have entered into force on December 10, 2013 and generally...

France: Adopted Amending Finance Bill for 2014

June 18, 2014

The Council of Ministers of France adopted the Amending Finance Bill for 2014 on 11 June 2014. According to the...

Kenya: Presented Budget for 2014-2015

June 17, 2014

Kenya announced its budget for the year of 2014-15 on 12 June 2014. The budget has emphasized on several tax...

Singapore: Extended fund management tax incentives

June 17, 2014

Singapore’s 2014 budget proposed for the extension and enhancement of a tax incentive program for qualifying funds. Following changes are...

Uganda: Released budget for 2014

June 17, 2014

Budget for 2014 was released on 12 June 2014, which reflects the GPD growth by 5.7% for 2013/14 finance year...