Posts by admin

US: IRS begins online transcript service

February 3, 2014

United States taxpayers now have the option to download their tax transcripts online from the “Get Transcript” service of the...

US: Congressional call to maintain charitable tax deduction

February 3, 2014

Two members of the Senate Finance Committee led a bipartisan group of more than 30 senators in a recent letter...

United Kingdom: Partnerships, tax policy

February 3, 2014

To inquire into the draft Finance Bill 2014 as published on 10 December 2013 the House of Lords Economic Affairs...

United Kingdom – New DTA with China effective

February 3, 2014

The Income Tax Treaty between China and the United Kingdom entered into force on 13 December 2013. The new tax...

United Kingdom – Foreign income dividend claims

February 3, 2014

In a recent ruling, the England and Wales Court of Appeal issued a decision concerning the time limits for making...

United Kingdom – Derivative contracts and anti-avoidance legislation

February 3, 2014

On 23 January 2014, draft legislation amending the rules for derivative contracts was updated by adding an anti-avoidance provision which...

Ukraine: Tax Code Changes Included in 2014 Budget

February 3, 2014

The Ukrainian President signed the law on the state budget for 2014 on January 17, 2014. The draft law on...

Sweden: Protocol to DTA with Japan signed

February 3, 2014

The Policy Research Institute of Japan’s Finance Ministry confirmed on December 5, 2013 that the governments of Japan and Sweden...

Spain – VAT changes effective in 2014

February 3, 2014

Spain’s value added tax law Changes which made by Law 14/2013, Royal Decree 828/2013, Order 2214/2013, Royal Decree 1042/2013, and...

Spain to review tax system for families

February 3, 2014

Spain’s Finance Minister has announced that the Government will review family tax reliefs ahead of the next tax reform. In...

Spain rejects call to raise VAT to 23%

February 3, 2014

The Spanish Finance Minister has rejected a call by an influential tax committee to increase its standard value added tax...

South Africa: Tax implications of assumption of contingent liabilities

February 3, 2014

The tax implications in relation to the assumption of contingent liabilities in partial settlement of the purchase price of assets...

Russia considers Tax on Foreign Online Retailers

February 3, 2014

Russia is considering whether to levy a 30 percent tax on imports from foreign online retailers and restrict the number...

Portugal: Corporate Income Tax Reform

February 3, 2014

The Corporate Income Tax Reform (“CIT Reform”) represents one of the most ambitious tax initiatives undertaken by the Portuguese Government....

Poland: 2014 VAT Law

February 3, 2014

The 2014 Poland VAT Law, which came into effect on 1 January 2014, brings about major changes to the Polish VAT compliance regime....

Poland: Amendments to input VAT deductions for automobiles

February 3, 2014

A draft modification to the rules for input value added tax (VAT) deduction for vehicles has been published, and is...

Peru: Changes to “frequent importers” regime

February 3, 2014

On 11 January 2014, the tax administration of Peru issued a resolution establishing changes to the “frequent importers” regime (Relación...

OECD Reports Higher Consumption Taxes for Latin America

February 3, 2014

The Organization for Economic Cooperation and Development (OECD) has released the latest version of its Revenue Statistics in Latin America....