Posts by admin

Czech Republic ratified the DTA with Luxembourg

June 17, 2014

The Czech Republic has ratified the Income and Capital Tax Treaty between Czech Republic and Luxembourg on June 5, 2014. Once...

Switzerland–Australia: approved double taxation agreements

June 17, 2014

The lower house of parliament approved the nation’s double taxation agreement on 4 June 2014. The DTA will enter in...

Canada confirming South Korean FTA Terms

June 16, 2014

The Canadian Government has arranged the final text of its Free Trade Agreement (FTA) with South Korea and upon its...

Slovak Republic: Thin capitalization rules has considered related-party debt

June 16, 2014

The Ministry of Finance is currently considering the chance of re-initiating thin capitalization rules into Slovak tax law. With the...

Czech Republic: Income tax law changes are proposed

June 16, 2014

The Ministry of Finance has published a draft amendment to the income tax law of the Czech Republic for requiring...

United States: ADD/CVD Roundup for May 2014

June 16, 2014

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

Israel: New Case Law on Tax Residency

June 16, 2014

The High Court of Justice gave its decision on June 12, 2014, in the case of: Michael Sapir vs Kfar...

US Treasury fact sheet to support Education Tax Credit Claims

June 16, 2014

In order to raise the awareness of students and their families, the US Treasury Department has published a fact sheet...

Romania plans to cut social security contributions

June 16, 2014

The Romanian Government is planning to cut social security tax paid by the employers by five percentage points though the...

Angola introduced transfer pricing rules

June 16, 2014

Angola introduced a transfer pricing rule with a Presidential Decree n. 14713 on June 2014. According to the decree, the...

India: Refurbish Tax Treaty with Cyprus

June 16, 2014

India is seeking an amendment to its 1994 double tax agreement with Cyprus before the territory can be out as...

Luxemburg: Tax circular governing the functional currency regime

June 16, 2014

A tax circular letter containing framework of rules governing the functional currency regime (FRC) was issued by the Luxemburg Tax...

Taiwan: Recommends Tax Cuts for SMEs to raise wages

June 16, 2014

Taiwan’s Cabinet agreed an amendment to the draft law that would give corporate tax deductions to small and medium businesses...

China to cut VAT Rate to 3%

June 15, 2014

The Ministry of Finance and the State Tax Administration jointly released the “Announcement on Policy for Simplifying and Unifying VAT...

Japan: From 2015 Corporate Tax rate will decrease

June 15, 2014

From 2015, Japan’s corporate tax rate will be reduced from its current rate 36% to below 30%. Corporate tax cuts...

PGA Highlights: May 2014

June 15, 2014

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

A double tax treaty between Portugal and Senegal signed

June 14, 2014

A double tax treaty between Portugal and Senegal signed in Lisbon, on 13 June 2014, for the avoidance of double...

Greece: Guidance for transfer pricing documentation requirements

June 14, 2014

On 9 April 2014, the Minister of Finance of Greece issued a ministerial decision that provides guidance regarding the following...