Posts by admin

Hungary dismisses OECD Tax Advice

January 29, 2014

The Hungarian government has rejected OECD proposals for major tax reforms, covering a new property tax as well as energy,...

Canada: Lower Tax Rates demanded for Small Businesses

January 29, 2014

The Canadian Federation of Independent Businesses (CFIB), in presenting budget requests to the Finance Minister, has recommended a gradual reduction...

Portugal: Parliament adopts Retroactive Budget for 2014

January 28, 2014

The Parliament has adopted the Retroactive Budget for 2014, this widens the base of the Portugal’s “Extraordinary Solidarity Contribution” (CES)...

ECJ to investigate Portuguese exit tax

January 28, 2014

The European Court of Justice (ECJ) will investigate tax residency rules in Portugal; this results from a referral by the...

Spain: Further VAT Rises Unlikely

January 27, 2014

The Finance Minister has confirmed that further VAT rises will not take place in the near future. The Advisory Committee...

Turkey: Specific Transfer Pricing Compliance

January 26, 2014

An annual transfer pricing report must be prepared by the date of the annual tax return. The transfer pricing rules...

Slovenia- Audits time limits

January 26, 2014

There is no fixed time limit within which a tax audit may take place. The statute of limitations is normally...

Russia- Financial Services

January 26, 2014

Under Federal Law 39-FZ and 420-FZ, from 1 January 2015 interest on related party loans should be charged at market...

Malaysia: Audits process

January 26, 2014

Under the transfer pricing audit framework for transfer pricing audit effective from 1 April 2013, a taxpayer may be selected...

Indonesia: VAT registration threshold increased

January 26, 2014

Indonesia has increased its VAT registration threshold from IDR 0.6bn to IDR 4.8bn per year in taxable turnover with effect from 1...

China: Tax Revenues grew in 2013

January 26, 2014

Total tax revenue in China increased by 9.8% in 2013; VAT revenue rose by 9% to nearly RMB2.9 trillion, while...

United States: Technology Industry Lobbies for expanded Research Tax Credit

January 24, 2014

TechAmerica, a technology industry group, has asked that the tax credit for research and development (R&D) should become permanent, and...

European Commission: Belgian taxation rules for credit institutions need reform

January 24, 2014

The European Commission has requested Belgium to amend its law on the taxation of transactions in specific securities. Belgian law...

EU: Digital economy taxation expert group

January 24, 2014

The high-level expert group on digital taxation of the EC met for the second time on 14 to 15 January...

EU: VAT pilot project on international SME transactions

January 24, 2014

The European Commission has announced a one year extension of the pilot project that seeks to improve certainty for small...

India and Macedonia sign DTA

January 23, 2014

India has signed a Double Taxation Agreement (DTA) with Macedonia. The agreement provides a 10% withholding rate on dividends, interest...

Germany: Taxable Pension Threshold Lower

January 23, 2014

The taxable pension threshold in Germany has been reduced; tax will be due in 2014 on gross monthly pension income...

EU: VAT rates changes for 2014

January 23, 2014

The European Commission has issued the report on value added tax (VAT) rates applicable in EU Member States for 2014:...