Posts by admin

South Africa Launches Tax Ombud

April 16, 2014

The Ministry of Finance in South Africa has officially launched a service known as the Tax Ombud, whose main aim...

Russian Appeal Court rules on thin capitalization

April 16, 2014

Russia’s Arbitration Court of Appeal issued a decision on 24 February 2014 holding that a loan from a foreign related...

Russia-Malta DTA ratified

April 16, 2014

On 2 April 2014 Russia ratified the double taxation agreement (DTA) signed with Malta. The tax treaty between Malta and...

OECD – Update on transfer pricing documentation

April 16, 2014

The OECD’s Centre for Tax Policy and Administration held a webcast on 2 April 2014 at which an update was...

New Zealand’s opposition party welcomes the launch of FTA talks with the EU

April 16, 2014

In New Zealand an opposition party has welcomed the launch of free trade talks with the EU but has called...

New treaty between Hungary and US submitted to US Senate for ratification

April 16, 2014

The US Senate Foreign Relations Committee gave its approval to the new Hungary-United States double tax agreement (DTA) on 1...

Mexico and Panama Sign Free Trade Agreement

April 16, 2014

Mexico and Panama signed a free trade agreement (FTA) on April 3 2014. The conclusion of this agreement is an...

Malta Enhances Financial Sector Oversight

April 16, 2014

Malta’s Financial Services Authority (MFSA) has announced further cooperation with the Maltese Financial Intelligence Analysis Unit (FIAU). The announcement on...

Malaysia – Steep Penalties in GST Bill

April 16, 2014

Malaysia is to introduce a new Goods and Services Tax (GST) Act to replace a draft Act originally put forward...

Luxembourg Confirms 2015 VAT rise

April 16, 2014

The Luxembourg government is to raise the rate of VAT 15% to 17% on 1 January 2015. The lower VAT...

Luxembourg – Capital Flight Expected

April 16, 2014

Luxembourg’s intention to begin automatic exchange of information from January 1, 2015, is considered likely to have a significant impact...

Lithuania – VAT and excise tax updates

April 16, 2014

Lithuania is supplying additional explanatory notes on the VAT law so as to given guidance to taxpayers involved in mixed...

Italy receives further Financial Transaction Reports

April 16, 2014

As part of efforts by the Italian Revenue Agency to increase the scrutiny of tax compliance reports by banks and...

Ireland – Taxation of Termination Payments Challenged

April 16, 2014

European Commission has requested Ireland to change its legislation on termination payments paid to individuals when their employment contracts end,...

Ireland Launches Tax Relief Review

April 16, 2014

As part of a review of tax relief the Irish Government has launched public consultations on certain tax relief. The...

Ireland and the UK levy the highest rates of inheritance or estate tax

April 16, 2014

A recent report published by a firm of accountants has found that Ireland and the UK levy the highest rates...

Hong Kong – 2013-14 Tax Returns Issued

April 16, 2014

On April 1 2014 the Hong Kong Inland Revenue Department issued the 2013/14 tax returns in respect of profits tax,...

Hong Kong signs tax information exchange agreement with the US

April 16, 2014

Hong Kong signed a tax information exchange agreement (TIEA) with the US on 25 March 2014. This agreement will strengthen...