Posts by admin

Taiwan increases business tax rate for financial services

March 31, 2014

Taiwan has amended the laws on income tax, VAT and business tax with an effective date of 1 January 2015...

Switzerland – Upper House passes China FTA

March 31, 2014

The Free Trade Agreement (FTA) between Switzerland and China has been adopted by the Swiss Council of States. The agreement...

Switzerland – new agreements for the exchange of tax information

March 31, 2014

Switzerland signed tax information exchange agreements with Greenland and Andorra in March 2014. These accords provide for the exchange of...

Switzerland signs new DTA with Argentina

March 31, 2014

Switzerland and Argentina have signed a new double taxation agreement (DTA). When it enters into force this agreement will replace...

Switzerland Plans Stricter Rules for Biofuel Tax Breaks

March 31, 2014

The Swiss Council of States has given its approval to a bill strengthening the provisions on the eligibility of enterprises...

Switzerland Adopts Anti-Tax Evasion Bill

March 31, 2014

The Swiss Council of States has approved a Bill in respect of the revised recommendations of the Financial Action Task...

Swiss Parliament rejects French IHT agreement

March 31, 2014

The Swiss Council of States has not accepted the text of a revised inheritance tax (IHT) agreement with France and...

Sweden to Investigate Tax Incentives for SMEs

March 31, 2014

Sweden is looking at the tax treatment of entrepreneurs, start ups and small businesses with a view to improving the...

Spain’s Prime Minister Considers Cultural VAT Cut

March 31, 2014

The Prime Minister of Spain has suggested that the standard rate of value added tax (VAT) applied to goods and...

Spain- Industry Comments on Tax Reform Proposals

March 31, 2014

The Spanish Confederation of Business Organizations (CEOE) has given a mixed response to the tax overhaul proposed by Spain’s Expert...

South Korea and US Agree on Text Of FATCA Agreement

March 31, 2014

South Korea has announced that it has agreed to the regular exchange of information with the US from next year...

Singapore- issues e-Tax Guide on GST Advance Ruling System

March 31, 2014

An updated e-Tax Guide has been published by the Inland Revenue Authority of Singapore (IRAS) to give guidance on aspects...

Singapore Arranges First Wage Credit Payments

March 31, 2014

Singapore is paying out the first tranche of the payments under the Wage Credit Scheme (WCS) by 31 March 2014....

Saudi Arabia and Hungary sign a DTA

March 31, 2014

Saudi Arabia and Hungary signed a double taxation agreement (DTA) on 24 March 2014. No further details of the agreement...

Russia: treaty between Russia and Italy clarified by the Ministry of Finance

March 31, 2014

Letter No. 03-08-РЗ/10213 published by the Russian Finance Ministry explains the position with respect to dividends paid by Russian companies...

Russia Clarifies transfer pricing for Domestic Transactions

March 31, 2014

Letter No 03-01-18/2080 issued by the Russian Finance Ministry on 22 January 2014 clarifies that some domestic transactions are to...

Romania: New tax law to conform to EU rules

March 31, 2014

Romania has passed Law No 8/2014 to bring the tax low into line with EU provisions. The Law provides for...

Romania will not reduce VAT rate yet

March 31, 2014

Romania has announced that it cannot lower the current 24% VAT rate unless economic growth of more than 3 percent...