Posts by admin

Ireland – Corporate Tax Rate Effectively Below 11 Percent

April 20, 2014

A recent technical note issued by the Department of Finance indicates that Ireland has maintained an effective corporate tax rate...

India: Hyderabad Tribunal rules on transfer pricing aspects of corporate guarantee

April 20, 2014

The Hyderabad Income Tax Appellate Tribunal (ITAT) has issued a ruling that concerns certain transfer pricing issues from a corporate...

Hong Kong – Urged To Retain Prudent Fiscal Policies

April 20, 2014

The IMF has expressed support for the work of Hong Kong’s Working Group on Long-Term Fiscal Planning, which is looking...

Germany and the EU Agree Energy Tax Break Revision

April 20, 2014

Germany is being allowed by the European Commission to continue to give energy tax incentives to 65 sectors under the...

France’s FTT Experience Should Warn Europe of Risks

April 20, 2014

France’s financial market regulator AMF has calculated that the introduction of a financial transactions tax (FTT) in 2012 led to...

France Confirms EUR10bn Tax Cuts For Corporates

April 20, 2014

The French Prime Minister has set out plans for reducing wage costs for businesses in addition to the CICE tax...

EU – VAT refund claims are due by 30 June 2014

April 20, 2014

Businesses incurring costs in many EU countries may recover the VAT on those costs even if they are not registered...

EU – Changes to VAT place-of-supply rules in 2015

April 20, 2014

There will be a change to the EU VAT place-of-supply rules, which determine where VAT is collected and remitted for...

EU Tackles Single Market Tax Obstacles

April 20, 2014

The European Commission has begun two public consultations, on discriminatory tax rules that my affect the position of individuals in...

EU: Court of Justice decision affecting US regulated investment companies

April 20, 2014

On 10 April 2014, the Court of Justice of the European Union (CJEU) ruled in case C-190/12 concerning the Emerging...

Egypt issues VAT reform plans 2014

April 20, 2014

Egypt has issued plans to replace the existing general sales tax (GST) with a full Value Added Tax. This move...

DTA between Portugal and Peru enters into force

April 20, 2014

It is reported that on April 12, 2014, the double taxation agreement (DTA) concluded between Portugal and Peru entered into...

Cyprus – Company incorporated, but not tax resident of Cyprus

April 20, 2014

Circular 2014/3 of March 2014 gives guidance in respect of the tax return requirements in the situation where a company...

China ‘Open-Minded’ on Trans-Pacific Partnership

April 20, 2014

The Chinese Premier has declared that China remains open towards the Trans-Pacific Partnership (TPP) trade negotiations that are currently being...

Chile proposes tax reform

April 20, 2014

Chile is embarking on a tax reform that will affect both direct and indirect taxes. A Bill is under discussion...

Cayman Islands-Malta TIEA

April 20, 2014

The bilateral agreement for the exchange of tax information concluded by the Cayman Islands and Malta entered into force on...

Bulgaria’s Finance Ministry to draft Tax Fraud Prevention Strategy

April 20, 2014

Bulgaria is to produce a tax fraud prevention strategy. The Finance Ministry is combining its efforts with those of other...

Brazil- Taxes on Drinks Ahead Of World Cup Increases

April 20, 2014

To take full benefit from the large number of visitors to the country this year, Brazil is to increase taxes...