Posts by admin

Luxembourg: Government announces key fiscal policy agenda

January 13, 2014

The new Luxembourg government published components of its future fiscal policy on 2 December 2013. The government will focus on...

Austria: Special taxes increased

January 13, 2014

Austria published draft legislation to increase the tax rate for the special bank levy to 0.09% for assets above EUR...

Azerbaijan: 2013 Tax Revenues

January 13, 2014

Azerbaijan’s Ministry of Taxes has reported 2013 tax receipts to be AZN6.66bn, an increase from the AZN6.025bn collected in 2012....

Kenya: National Social Security Fund Act 2013 enacted

January 11, 2014

The National Social Security Fund (NSSF) Act was passed by Parliament on 24 December 2013 and applies from 10 January...

EU: Uniform Customs Code effective from 1 May 2016

January 10, 2014

The European Commission has notified that the substantive provisions of the Uniform Customs Code have entered into force 30 October...

EU: Royalties, license fees dutiable from 1 May 2016

January 10, 2014

The European Commission has pointed out that the process for determining the transaction value would be amended under the Uniform...

EU – Forms for customs enforcement of IP rights

January 10, 2014

The European Commission has issued new forms which should be used from 1 January 2014 in order to ensure customs...

EU: Certain reduced duty rates ending in 2015

January 10, 2014

The European Commission has notified that EU imports of goods originating from China, Ecuador, the Maldives, and Thailand will no...

Vietnam: Corporate income tax rate reductions and rule changes

January 10, 2014

The Vietnam corporate income tax rate will be reduced to 20% from 1 January 2016 (now 22%). For taxpayers with...

United Kingdom: Dispute resolution, CFC financing, investment “white list”

January 10, 2014

HM Revenue & Customs have updated some key documents regarding resolution of tax disputes, and have provided new guidance on...

Turkey: Special consumption tax changes for 2014

January 10, 2014

Turkey’s Council of Ministers have issued Resolution 2013/5761, that revises and/or specifies the special consumption tax (SCT) rates and amounts...

Nigeria: High Court affirms taxpayer appeal and orders disbandment of Tax Tribunal

January 10, 2014

Nigeria’s Federal High Court (FHC) delivered a key judgment on 30 October 2013 in a suit between TSKJ Contruces Internationals...

Italy: Financial Transaction Tax (FTT) annual return model published

January 10, 2014

The Italian tax administration has issued the final Financial Transaction Tax (FTT) annual return model and the related instructions under...

Colombia: Definitions for classification of resident individuals

January 10, 2014

Decree 3032 of 2013 has just been reported clarifying the classification of resident individuals into the employee and self-employed categories....

Belgium: New tax rules on notional interest, small companies and withholding tax

January 10, 2014

The Official Gazette issue of 31 December 2013 notifies some new tax rules. The first measure aligns the rules relating...

Austria: “Provisional” Budget submitted

January 10, 2014

The Austrian Government has submitted a provisional budget for 2014 to the Austrian National Council; the proposals broadly follow the...

Japan-Oman: Sign DTA

January 9, 2014

Japan has signed a Double Taxation Agreement (DTAA) with Oman on 09 January 2014. The agreement provides a 10% withholding...

Hong Kong: Stamp Duty Increases Affect Property Sales

January 9, 2014

Increases in the rates of existing ad valorem stamp duty for both residential and non-residential property transactions appear to have...