Posts by admin

South Africa: SARS Issues Guidance on Double Taxation Relief

March 9, 2014

The South African Revenue Service (SARS) has issued a draft interpretation note for comment on the rebates and deductions available...

Singapore: over 1.2m Taxpayers Need Not File Returns

March 9, 2014

The tax filing season in Singapore started on March 1, 2014. Around 1.23m taxpayers will not need to file a...

Singapore: Budget 2014

March 9, 2014

Singapore has recently issued the 2014 budget, containing provisions related to introduction of the Productivity and Innovation Credit (PIC) Scheme...

Singapore simplifies stamp duty rate regime

March 9, 2014

The Inland Revenue Authority of Singapore (IRAS) has issued an e-Tax Guide explaining the stamp duty changes introduced in the...

Philippines: Congress to prioritize bill raising tax exemption cap on 13th-month pay

March 9, 2014

Despite objection from the Bureau of Internal Revenue (BIR), Congress will prioritize the passage of the bill raising the tax...

OECD To Engage Industry in BEPS Consultations

March 9, 2014

The Organization for Economic Cooperation and Development (OECD) has recently published a revised timetable for public consultations on Base Erosion...

New Zealand: Convention on tax assistance enters into force

March 9, 2014

From 1st March 2014, the multilateral Convention on Mutual Administrative Assistance in Tax Matters will become effective for New Zealand....

Netherlands – Advocate General’s opinion on sister company tax consolidation

March 9, 2014

The Advocate General of the Court of Justice of the European Union (CJEU) has found that the Dutch tax rules...

Netherlands Simplifies Individual Tax Filing

March 9, 2014

Commencing from March 1 2014, the Netherlands tax administration will issue approximately six million pre-completed tax forms to individuals, and...

Namibia’s Budget Recognizes Increase in Tax Revenue

March 9, 2014

Namibia’s 2014 Budget provides for a 20% increase in tax revenues. The Government recognizes that, while the domestic revenue stream...

Mexico-Peru DTA

March 9, 2014

The 2011 double taxation agreement (DTA)  concluded by Mexico and Peru entered into force on 19 February 2014 and will...

Mexico promises an unchanged tax regime until 2018

March 9, 2014

Following the completion of tax reforms, the Mexican Government has now signed a Tax Certainty Agreement under which Mexico’s tax...

Luxembourg to apply automatic information exchange in 2015

March 9, 2014

The Luxembourg Government has adopted a bill implementing its April 10, 2013, decision to apply compulsory automatic information exchange to...

Italy: Prime Minister Explains ‘Double-Digit’ Cut to Italian Taxes

March 9, 2014

The Italian Prime minister has issued a clarification about a statement made earlier in respect of a double digit reduction...

Italian Government Empowered To Push Through Tax Overhaul

March 9, 2014

The Italian parliament has now approved the “Legge Delega,” the tax reform law granting special powers to the Government to...

Italian Government Introduces Withholding Tax on Inbound Wire Transfers

March 9, 2014

Italy has recently introduced legislation instructing banks to withhold 20% on certain inbound wire transfers. The inbound wire transfers affected...

Ireland- Announcement of LPT Amnesty

March 9, 2014

Irish residential property owners who have so far failed to pay their 2012 Household Charge or 2013 and 2014 local...

Indian Government wants tax officials to be more friendly

March 9, 2014

The Indian Government has requested that tax officials act as “facilitators” rather than “administrators,” and ensure that the taxation system...