Posts by admin

Costa Rica completes ratification of the TIEAs with Nordic countries

March 9, 2014

Through a publication in the Official Gazette, bilateral Tax Information Exchange Agreements (TIEAs) with Denmark, Faroe Islands, Finland, Greenland, Iceland,...

Chile: New tax reporting format

March 9, 2014

The tax authorities have provided a new reporting format for the declaration that Chilean individuals and foreign individuals that have...

Canada: Tax Break for 2015-16 financial year

March 9, 2014

Canada’s Finance Minister has said that his “number one priority” is reducing the taxes faced by Canadian families. Tax cuts...

Canada: Insurance companies, banks, and security dealers face new indirect tax challenges

March 9, 2014

Many insurance and financial institutions have a high compliance burden from indirect taxes, owing to the need to distinguish between...

Canada: Draft Legislation Concerning Taxation of Canadian Banks With Foreign Affiliates

March 9, 2014

On February 27, 2014, Canada’s Department of Finance released draft legislative proposals relating to the taxation of Canadian banks with foreign...

Canada Highlights Trade and Investment Opportunities with Southeastern Europe

March 9, 2014

Canada’s Parliamentary Secretary to the Minister of International Trade has highlighted Canada’s growing trade relationship with Southeastern Europe during remarks...

Belgium – Resident companies must file their corporate tax returns electronically

March 9, 2014

On 14 February 2014 a royal decree was published requiring resident companies to file their corporate tax returns electronically as...

Belgium requires foreign public transporters to register for VAT

March 9, 2014

Belgium is to require foreign public transport companies to register for VAT, and charge a proportion of Belgian VAT on the...

Azerbaijan- Progress towards WTO accession

March 9, 2014

At the 11th meeting of the Working Party on February 21, 2014 Azerbaijan’s World Trade Organization (WTO) accession bid gained...

Austria: Tax Increases

March 9, 2014

The National Council of Austria has adopted with minor changes the Government’s Tax Amendment Act, providing for a number of...

Colombia: Updates on documentation threshold’s, audit penalty and APA

March 6, 2014

According to the Regulatory Decree 3030 of December 2013, transactions over 32,000 UVT by type of transaction are subject to...

United States: ADD/CVD Roundup for February 2014

March 6, 2014

Following table shows the Federal Register notices related to ADD/CVD cases for February 2014 in United States. Country Product Investigations...

Austria: Information regarding intangible property and financial services

March 6, 2014

From 1st March 2014, interest and royalty payments to certain related parties are not deductible for tax purposes if the...

PGA Highlights: February 2014

March 3, 2014

In United States, The following events have been taken place under the several PGA during the month of February 2014. Agencies...

Spain: Tax Reform Package Designed

February 25, 2014

The tax reform committee in Spain will soon present proposals for a comprehensive tax system reform. It is expected that...

New Zealand: 15 Percent Superannuation Tax Option

February 25, 2014

New Zealand resident individuals will have increased options if they decide to transfer their foreign superannuation before 1 April 2014....

Mexico: Electronic Invoicing mandatory

February 25, 2014

From 1 April 2014, individual taxpayers involved in business, providing professional services etc. must issue electronic invoices. The Mexican tax...

Cyprus and Norway: DTA signed

February 25, 2014

Cyprus and Norway have signed a Double Taxation Agreement on 24 February 2014, which will replace the current income tax...