Posts by admin

Brazil: Superior Court Rules in Vale CFC Appeal

May 25, 2014

The Superior Court of Justice in Brazil has arrived at a decision in relation to the mining company Vale. The...

Australia Confirms Superannuation Tax Changes

May 25, 2014

A reform is to be undertaken of the taxation of excess superannuation contributions. Some taxpayers are paying contributions at a...

EU: Issues opinion regarding cross-border intra-company transactions within a VAT group

May 25, 2014

On 8 May 2014, the Advocate General (AG) of the Court of Justice of the European Union (CJEU) issued an...

EU Member States React To EU FTT Declaration

May 25, 2014

Some EU member states have commented on the intention of a number of member states to go ahead with the...

EU and China sign mutual recognition agreement

May 25, 2014

A mutual recognition agreement signed by the EU and China is to simplify procedures and lower costs for many traders....

Colombia: Rulings regarding the application of CREE tax to companies in liquidation

May 25, 2014

Colombia’s National Tax Authority (Dirección de Impuestos y Aduanas Nacionales – DIAN) has explained through Ruling No. 23001 that when...

Brazil – Tax Hike on Drinks Postponed

May 25, 2014

Brazil is delaying until September 2014 a proposed rise in indirect tax on certain types of drink. The original proposal...

Azerbaijan – Singapore: Approves DTA

May 25, 2014

Azerbaijan’s lower house of parliament approved a Protocol to the double taxation agreement (DTA) with Singapore on May 14, 2014....

Azerbaijan -Saudi Arabia: Protocol to DTA

May 25, 2014

Azerbaijan and Saudi Arabia signed a double taxation agreement (DTA) on May 13, 2014. No further details of the agreement...

Vietnam: Expanding Tourist VAT Refund Incentive

May 18, 2014

Vietnam is widening its special value-added tax (VAT) scheme for exports by temporary visitors to the country. This scheme will...

US: New treaty delayed in Senate due to renewed opposition

May 18, 2014

Based on privacy concerns Senator  is opposing the ratification of some US tax treaties including the Hungary – United States...

US – IRS to Restructure Services for Small Businesses

May 18, 2014

The IRS is considering a project to reorganize operations at its two largest business units, Wage and Investment (W&I) and...

US: IRS eases enforcement for FATCA compliance for some taxpayers

May 18, 2014

In Notice 2014-33, the IRS has announced that it will treat calendar years 2014 and 2015 as a transition period...

UK: Tax Reform Has Boosted UK’s Appeal to Business

May 18, 2014

The UK’s Exchequer Secretary has suggested that there is currently high business confidence in the tax system. One reason for...

Turkey: Improves VAT compliance procedures

May 18, 2014

Turkey is to make a number of changes aimed at improving the value added tax (VAT) compliance regime. These changes include the...

Switzerland to Retain Flat Tax For Wealthy Expatriates

May 18, 2014

Switzerland’s National Council has voted against the proposed withdrawal of the flat tax regime for high wealth foreigners. The Council...

Swiss Bankers Ask France to Increase Amnesty Uptake

May 18, 2014

The President of the Swiss Bankers Association (SBA), has suggested that France should extend and enhance its tax regularization facility...

South Africa: Issues new VAT rules

May 18, 2014

The South African Revenue Service (SARS) has on 2 May 2014 issued a new regulation setting out the circumstances under...