Posts by admin

EU- To Cut Tariffs On Ukrainian Exports

March 23, 2014

The European Union (EU) is to temporarily cut tariffs on Ukrainian exports until November 1, 2014. The EU has announced...

EU – Frequently asked questions on EU Savings Taxation Directive

March 23, 2014

Recently the European Commission provided a discussion of frequently asked questions (FAQs) concerning the EU Savings Taxation Directive. The Savings...

EU-European Parliament Backs New Money Laundering Law

March 23, 2014

The problem of money laundering has received increasing attention in recent years. Although many countries have their own money laundering...

EU: JTPF presents comments received on the discussion paper on the Arbitration Convention

March 23, 2014

The Joint Transfer Pricing Forum (JTPF) held a meeting in Brussels on 6 March 2014at which the following items were...

Estonia – Amendments to VAT law

March 23, 2014

Estonia’s parliament (Riigikogu) has passed amendments to the value added tax (VAT) law that will be effective in 2014 or...

Ecuador: Income tax exemption on deposits and investments in securities

March 23, 2014

On 21 February 2014, the General Director of the Internal Revenue Service published Circular No. NAC-DGECCGC14-00003 in order to communicate...

China’s Finance Minister considering more tax reforms

March 23, 2014

At a press conference held at the National People’s Congress, China’s Minister of Finance suggested that there would be more...

China-ASEAN FTA Commission Meets

March 23, 2014

The Fifth Meeting of the Joint Commission of China-ASEAN Free Trade Area (FTA) was held on March 11-13 2014. Delegations...

Brazil and Norway Sign Protocol to DTA

March 23, 2014

Brazil and Norway signed a Protocol to their double tax agreement on February 20, 2014. No further details are currently...

Belgium: VAT rate change in 2014

March 23, 2014

Belgium has suggested that it plans to raise its standard VAT rate from the current rate of 21% to fund...

Belgium: Reform of taxation after the May elections

March 23, 2014

Belgium’s main political parties have agreed that a reform of taxation must be carried out after the May elections, to...

Belgium and Jersey signed a TIEA

March 23, 2014

On 13 March 2014, Belgium and Jersey signed a tax information exchange agreement (TIEA) in London. Jersey has recent concluded a...

Azerbaijan- Recounts tax reform progress in IMF meeting

March 23, 2014

On March 11, 2014, there was a meeting between an International Monetary Fund (IMF) delegation and Azerbaijan’s deputy minister of...

Australian Tax Break for Supporting Mining Activities

March 23, 2014

The Australian Government has introduced a consultation on plans to provide investors with a refundable tax offset for Greenfield mineral...

Romania: Information regarding late penalty payment provisions

March 21, 2014

After arising from 1st March 2014, the late tax payment penalty relating to liabilities is 0.03% per day of delay...

US: DTA Protocols between the United States and various countries

March 16, 2014

The US Senate Committee on Foreign Relations held talks on February 26, 2014, on the double taxation agreement (DTA) Protocols...

US: IRS publishes annual statistics on foreign tax credits

March 16, 2014

The US Internal Revenue Service (IRS) has published a statistical report with data of corporations that claim the US foreign...

US – Home Office Deduction Simplified

March 16, 2014

In the internet age the number of people able to run businesses from their home has increased. The Internal Revenue...