Posts by admin

Revision to treaty between India and Bulgaria

March 31, 2014

Bulgaria’s Ministry of Finance has been authorized to begin negotiations for a double tax treaty with India. After it has...

Portugal: Personal Income Tax System Reform

March 31, 2014

Portugal has appointed an expert committee to consider improvements to the personal tax system. Simplification of the individual income tax...

Poland – New guidelines concerning transfer pricing regulations on business restructuring

March 31, 2014

Poland has prepared guidance on some questions arising from the issue of transfer pricing regulations last year. The guidance is...

OECD – Discussion draft on neutralizing hybrid mismatch arrangements (BEPS)

March 31, 2014

The Organization for Economic Co-operation and Development (OECD) has issued discussion drafts in connection with Action Item 2 of the...

OECD – Discussion draft on digital economy tax challenges (BEPS)

March 31, 2014

The Organization for Economic Co-operation and Development (OECD) has released a discussion draft on Action Item 1 (Tax Challenges of...

New Zealand and China set new trade goals

March 31, 2014

New Zealand and China have agreed to update their free trade agreement with the objective of increasing mutual trade to...

Netherlands – Dutch taxpayer liable for Swiss captive subsidiary’s profits

March 31, 2014

A recent decision by a district Court in the Netherlands involved a Swiss captive insurance company that did not have...

Lithuania – Tax card for 2014

March 31, 2014

Lithuania has prepared a “tax card” that provides an easy-to-read overview of the tax system in Lithuania for 2014. This...

Latvia introduces Tax card for 2014

March 31, 2014

Latvia has prepared a “tax card” that provides an easy-to-read overview of the tax system in Latvia for 2014. This...

Italian Red Tape Reduction Could Fund Tax Cuts

March 31, 2014

At its 15th annual forum the President of Confcommercio, the federation representing small and medium-sized enterprises, professionals and sole traders...

Israel: High Court of Justice rejects petition to deny “foreign resident” VAT status from multinational internet companies

March 31, 2014

The High Court in Israel has rejected a petition asking the Court to order the Finance Minister and tax authorities...

Ireland – Finance Minister clarifies Corporate Tax Developments

March 31, 2014

Ireland has confirmed that the changes to residency rules that are intended to deal with the problem of mismatches between...

Ireland – Car Tax Breaks for Disabled Persons

March 31, 2014

Ireland has announced that from the end of this year it is to abolish the excise duty relief relating to...

US – Supreme Court Agrees Severance Pay Is Taxable

March 31, 2014

In the US the Supreme Court has decided in favor of the IRS in a case involving the tax status...

Indonesian tax office signs an agreement on tax revenues and data sharing

March 31, 2014

A recent memorandum of understanding (MoU) between the Jakarta city administration and the tax directorate general covers the issue of...

India: Delhi Tribunal rules on transfer pricing aspects of intra group financing transactions

March 31, 2014

In India many transfer pricing cases are heard in the Courts. These decisions can provide clarification of the operation of...

France – VAT on house improvement rises

March 31, 2014

France has confirmed that the reduced rate of VAT on home improvements is to rise from 7 percent to 10...

Ukraine – VAT bonds introduced by the parliament

March 31, 2014

Ukraine has passed a new measure to clarify the procedure for obtaining VAT refunds through VAT bonds (Law No 4575)....