Posts by admin

Indian Capital Gains Tax slows Saudi Investment

March 9, 2014

Concerns have been raised by foreign investors about the effect of India’s taxation system, particularly its capital gains tax, on...

India: Income Tax department identifies 2.17 million potential non-filers

March 9, 2014

After sending notices to 1.21 million Permanent Account Number (PAN) cardholders who had not filed their income tax returns, the...

Iceland enacted its own transfer pricing legislation

March 9, 2014

Iceland has recently enacted its own transfer pricing legislation, which became effective from January 1, 2014. The transfer pricing rules...

Hungary and Bahrain sign a DTA

March 9, 2014

On 24 February 2014, Hungary and Bahrain signed a Convention for the Avoidance of Double Taxation and the Prevention of...

Hong Kong: Working Group suggests Fiscal Policies are Unsustainable

March 9, 2014

The Working Group on Long-Term Fiscal Planning has suggested that a future structural fiscal gap will require the Government to...

Hong Kong – Tax provisions in budget 2014-2015

March 9, 2014

The Hong Kong budget for 2014-2015 contains tax proposals affecting the financial services sector. Among these are measures that would:...

Hong Kong – Stamp duty change for residential property transactions

March 9, 2014

Hong Kong’s Legislative Council has passed a bill to amend the stamp duty imposed on residential property transactions. The measures...

Hong Kong- Budget considers Fiscal Sustainability Over Longer-Term

March 9, 2014

Competitiveness was the theme of Hong Kong’s 2014/15 budget, but a significant portion of the budget speech looked at the...

German federal state of NRW will issue new tax assessments to taxpayers to clarify their actual tax burden

March 9, 2014

From March 2014, the German federal state of North Rhine-Westphalia (NRW) will issue new tax assessments to taxpayers to clarify...

France- Bank Account Regularization Requests

March 9, 2014

Almost 16,000 residents with undeclared foreign bank accounts have elected to regularize their tax situation in the last eight months,...

France and Germany to cooperate on tax projects

March 9, 2014

France and Germany have jointly declared that they will cooperate on key tax agendas in Europe and internationally. A working...

EU – Irish Opposition Questions EU on Corporate Tax Probe

March 9, 2014

Ireland’s Fianna Fáil party has expressed its concern over the slow progress being made by the European Commission in its...

EU: Mercosur-EU FTA Close To Completion

March 9, 2014

The Latin American economic bloc Mercosur is close to concluding a free trade agreement with the European Union (EU). Mercosur,...

EU: Parliament Backs Standard VAT Return

March 9, 2014

The EU Commissioner for Taxation has welcomed the European Parliament’s strong support, expressed on February 26, 2014, for a Standard...

DTA signed between Cyprus and Norway

March 9, 2014

The Government of Cyprus confirmed the signing of a double taxation agreement (DTA) with Norway on February 24, 2014.

DTA between India and Malta enters into force

March 9, 2014

The new Income Tax Treaty and protocol between India and Malta entered into force on 7 February 2014 and will...

Cyprus – Tax guide 2014

March 9, 2014

A tax guide for 2014 has been published in Cyprus. The Tax Guide aims to provide a comprehensive introduction on...

Cyprus to cut tax appeal waiting time

March 9, 2014

Cyprus’s Justice Minister has promised that a new Administrative Court due to open in September will cut the waiting time...