Posts by admin

Austria publishes revised draft bill amending tax acts

February 17, 2014

A revised draft bill of the 2014 Tax Amendment Act (Abgabenänderungsgesetz 2014; AbgÄG 2014) was forwarded to the Austrian Parliament...

Greece- Transfer Pricing Requirements regarding Financial Services and APA

February 16, 2014

The following requirements relative to financial services and Advance Pricing Agreement (APA) are described below: Financial Services: Financial services must...

United Kingdom – Tax compliance by suppliers under government contracts

February 14, 2014

The Cabinet Office has published a slightly revised version of the UK government’s procurement policy note, with measures to promote...

Peru – Resolution changes withholding rate for VAT

February 14, 2014

On 1 February 2014 Peru’s tax administration issued a resolution concerning changes to the withholding rate for value added tax...

Slovenia – Constitutional Court Suspends Real Estate Tax

February 13, 2014

Slovenia’s Constitutional Court has suspended property tax assessments. The tax imposes a charge based on property value of between 0.15...

Brazil – Tax authority revises position on cross-border reimbursement arrangements

February 13, 2014

Brazil’s tax authority has issued a ruling to a taxpayer reflecting a change of position concerning cross-border cost reimbursement arrangements....

Brazil – Ruling permits taxpayers to align their transfer pricing policies

February 13, 2014

According to a recent ruling by the Brazilian tax authority taxpayers should be able to better align their transfer pricing...

Slovakia – Reduced corporate income tax rate

February 12, 2014

Slovakia’s Parliament has reduced the corporate income tax rate from 23% to 22% with effect from 1 January 2014. The...

Netherlands – Dividend withholding tax when companies located in Curaçao

February 12, 2014

The Advocate General of the Court of Justice of the European Union (CJEU) issued an opinion in two joined cases...

Netherlands – Distinction between loan interest and dividend

February 12, 2014

The Netherlands Supreme Court (Hoge Raad) on 7 February 2014 issued two decisions affecting taxpayers. The first decision related to...

Belgium: Transfer pricing audits process

February 9, 2014

Likely high-risk targets for audits are highly leveraged companies, those with large tax losses carried forward, and those with fluctuating...

Transfer Pricing Brief: January 2014

February 9, 2014

Argentina From 3 January 2014 there is a monthly reporting requirement for certain domestic transactions on the Argentinian market using...

WTO panel mediates US-Korea Trade Dispute

February 9, 2014

One of the important functions of the World Trade Organization (WTO) is to provide a means of settling trade disputes...

Vietnam negotiates DTA with Cambodia

February 9, 2014

Officials from Vietnam and Cambodia have expressed their intentions to negotiate a  double tax agreement. On 13 January 2014, a...

US: Senate democrat leader opposes Trade Promotion Authority renewal

February 9, 2014

The US Senate Majority Leader has expressed his opposition to the Trade Promotion Authority (TPA), despite the intention of President...

US: Republican Obama Care Abolition Plan Includes New Tax Credit

February 9, 2014

The recent healthcare reforms of the Affordable Care Act, known colloquially as Obama care, have been vehemently opposed by some...

US: publication on foreign tax credit for individuals

February 9, 2014

The US Internal Revenue Service (IRS) has released the 2014 revision of Publication 514 (Foreign Tax Credit for Individuals). The...

US: Internal Revenue Service (IRS) opens 2014 Tax Season

February 9, 2014

The US Internal Revenue Service (IRS) opened the 2014 United States filing season for individuals on January 31, highlighted a...