Posts by admin

Canada: Newfoundland and Labrador budget for 2014

March 28, 2014

In Canada the Finance Minister of the province of Newfoundland and Labrador has issued the budget proposals for 2014. Under...

Bulgaria: Information regarding Transfer Pricing Documentation

March 28, 2014

An Appendix 4 has been added to the return in accordance with commencing on the tax return for 2013, to...

US – IRS Issues Virtual Currency Tax Guidance

March 28, 2014

The IRS has published guidance in respect of the use of Bitcoin and similar digital currencies. These are to be...

US – IRS Extends Colorado Storm 2012 Tax Relief Deadline

March 28, 2014

The deadline for taxpayers in Colorado to make a decision on claiming disaster losses has been extended to 15 October...

UK Court of Appeal rules on payment of corporation tax on VAT repayments

March 28, 2014

In a case concerning an online retail group in the UK the Court of Appeal has determined that the taxpayer...

Spain – New tax measures for corporate debt refinancing and restructuring

March 28, 2014

Royal Decree Law 4/2014 which is effective from 9 March 2014 contains provisions in respect of corporate debt restructuring. Among...

US: IRS has released its annual report for 2013 on APAs

March 27, 2014

The annual report on the advance pricing and mutual agreement (APMA) program was issued by the IRS on 27 March...

Philippines Legislates To Cut Back Income Tax Relief

March 27, 2014

In the Philippines there is some concern in the Department of Finance (DOF) that tax relief is being granted to...

Switzerland – Peru DTA

March 27, 2014

The double taxation agreement (DTA) between Switzerland and Peru which was originally signed on 12 September 2012 entered into force...

Switzerland – Kazakhstan DTA Protocol

March 27, 2014

On March 25, 2014 Switzerland confirmed that the protocol to the double taxation agreement (DTA) with Kazakhstan has entered into...

South Korea to Rein In Tax Relief to Fund Welfare Reform

March 27, 2014

Under the Framework Plan for Tax Expenditures for the year 2014 South Korea is committed to amending the system of...

EU Leaders Reach Deal on Savings Tax Directive

March 26, 2014

The revised Savings Tax Directive has been formally adopted by the EU member states. This amended Directive helps to combat...

United Kingdom – Conservatives keen to ease IHT

March 26, 2014

The UK Prime Minister has confirmed that his party still holds the view that the inheritance tax threshold should be...

South Africa – tax guide for 2014 / 2015

March 26, 2014

South Africa has prepared a “tax guide” that includes, among other discussions, an analysis of tax changes for individual and...

Singapore – 2014 budget analysis published

March 26, 2014

Following the Singapore’s 2014 budget statement (presented 21 February 2014), Singapore has prepared an analysis of changes and initiatives in...

Canada: No tax rate changes in 2014 budget

March 25, 2014

In Canada the 2014 budget for Saskatchewan was published on 19 March 2014. There is no increase in the general...

Russia Plans Crimean Special Economic Zone

March 25, 2014

Russia has confirmed that the process of making the Crimea a part of Russia is likely to require amendments to...

US: Important information regarding intra-group services

March 25, 2014

The regulations of Treasury and IRS final intercompany service were issued on 31 July 2009. Some permitted transfer pricing methods...