Posts by admin

China: VAT refunds on e-commerce

January 20, 2014

Clarification has been issued of Chinese VAT refund processes for Chinese online retailers selling outside China.  This guidance covers enterprises selling...

France Pushes Ahead On FTT

January 19, 2014

Embarking on a lonely and uncertain course, France’s long-awaited, much debated tax on financial transactions (FTT) finally entered into force...

OECD: comments published on artificial avoidance of PE

January 19, 2014

The OECD has published on its website the comments received following a request made in October 2013 on strategies that...

WTO: Trade restrictions increased in 2013

January 19, 2014

The World Trade Organization (WTO) has reported that growth in world trade in 2013 was slower than expected in the...

India – Belize TIEA enters into force

January 19, 2014

The Indian Government notified that the tax information exchange agreement (TIEA) between India and Belize entered into force on 25...

South Korea and India will upgrade CEPA and revise DTA

January 19, 2014

South Korean President and India’s Prime Minister agreed on 16 January 2014 to upgrade their comprehensive economic partnership agreement (CEPA)...

South Africa: Tax Administration Laws Amendment Act 39 of 2013 promulgated

January 19, 2014

The Tax Administration Laws Amendment Act, 2013, has been promulgated as Act 39 of 2013 on 16 January 2014. The...

Russia: Ministry of Finance clarifies patent system taxation issues

January 19, 2014

The Ministry of Finance published Letter No. 03-11-09/55604 on 17 December 2013 which sets out the maximum and minimum thresholds...

OECD: Comments published on digital economy taxation issues

January 19, 2014

The OECD has published on its website the comments received following a request made on 22 December 2013 on tax...

New Zealand: Welfare Reforms will reduce costs

January 19, 2014

The costs to the taxpayer from benefits have fallen due to benefit reforms. The latest valuation current lifetime liability of...

Italy: Changes in international ruling procedure

January 19, 2014

Italy has modified its international tax ruling procedure, through Art. 7 of Law Decree No. 145/2013. Under this, non-resident entities...

Egypt: Introduction of VAT law

January 19, 2014

It has been reported that Egypt will introduce Value Added Tax to replace the existing General Sales Tax by the...

Cyprus: VAT rates increased

January 19, 2014

Cyprus has increased the standard value added tax rate from 18% to 19%, while the 8% reduced rate was increased...

Japan- Main corporate income tax rate

January 15, 2014

A reconstruction surcharge of 2.55% applied in 2013 but does not apply after 1 April 2014.The effective corporate tax rate...

Indonesia:Changes brought under the Circular SE-50/PJ/2013

January 15, 2014

Intra-group services Circular SE-50/PJ/2013 instructs tax auditors to check that the service has been provided and given economic benefit to...

France- Transfer Pricing Rules

January 15, 2014

Draft legislation introducing a presumption that profits are received if functions and risks are transferred to a foreign related party,...

Slovenia-Uzbekistan:DTA enters into force

January 13, 2014

The new Double Tax Agreement (DTA) between Slovenia and Uzbekistan entered into force on 8 November 2013, following publication in...

Polish 2014 VAT Law brings in widespread changes

January 13, 2014

On 13 January 2014 it has been reported that there has been a major overhaul of the Polish VAT compliance regime following...