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US: IRS Gives Bonuses to Tax-Delinquent Employees

April 27, 2014

In the US the Treasury Inspector General for Tax Administration (TIGTA) provides independent oversight of the activities of the Internal...

Mexican tax reform of 2014 imposes deadlines for Maquiladora companies

April 27, 2014

The Mexican tax reform of 2014 has introduced a number of important changes for maquiladora enterprises. The changes apply to...

Malta and Moldova Sign DTA

April 27, 2014

Malta and Moldova signed a double taxation agreement (DTA) on 10 April 2014. This is the first DTA signed between...

Japan – Corporate income tax rate reduction effective April 2014

April 27, 2014

Following the enactment of Japan’s 2014 tax reform a decrease of the effective corporate income tax rate is in force...

Italy Introduces e-advertising Tax Legislation

April 27, 2014

Italy has introduced a tax measure under which foreign companies must apply for a VAT number if they intend to...

Italy: Cabinet Approves Tax Cuts

April 27, 2014

The Italian government has approved tax cuts that are aimed at lifting some of the tax burden from individuals and...

Hong Kong and Malaysia Discuss Islamic Finance

April 27, 2014

The Hong Kong Monetary Authority (HKMA) and Bank Negara Malaysia (BNM) took part in a meeting on 14 April 2014...

FATCA agreement between Belgium and the US

April 27, 2014

An intergovernmental agreement (IGA) between Belgium and the US is to be signed on 23 April 2014 in relation to...

European Commission Asks Hungary to End Excise Restrictions

April 27, 2014

Hungary has been asked by the European Commission to change the excise rates currently charged on liquor and tobacco products....

EU Joint TP Forum Publishes Member States’ Profiles

April 27, 2014

The European Union Joint Transfer Pricing Forum (JTPF) has issued descriptions of the transfer pricing systems of European Union (EU)...

Egyptian Government to widen the income tax base and introduce VAT

April 27, 2014

Egypt’s Finance Minister has announced that the interim Government is in the process of drawing up amendments to the tax...

Czech Republic – Tax change for investment funds and individuals

April 27, 2014

It is reported that the Czech Minister of Finance has abandoned plans to unify by 2015 the tax collection in...

Chinese exporters gain VAT refund

April 27, 2014

The Chinese State Administration of Taxation (SAT) has given more time to exporters to make an application for a VAT...

Austria Focuses on Income Tax Reform

April 27, 2014

The Austrian Government intends to go ahead with proposals to simplify the income tax system by the second half of...

Australia: Draft ATO guidance on new transfer pricing rules

April 27, 2014

New draft tax Rulings and draft Practice Statements outline the Australian Tax Office’s approach to transfer pricing and the standards...

Saudi Arabia issues new Ministerial Resolution amending tax by-laws

April 27, 2014

Saudi Arabia issued Ministerial Resolution No 1776 on 19 March 2014 to give effect to changes in some of the...

Italy Consults on FATCA Agreement with US

April 27, 2014

Italy commenced a consultation on 23 April 2014 on the content of the inter-governmental agreement (IGA), concluded on 10 January...

US: IRS Should Improve Efficiency to Counteract Reduced Funding

April 25, 2014

The United States Government Accountability Office (GAO) is an independent agency that reports to the Congress and is often referred...