Posts by admin

Hong Kong: Court of Final Appeal decision on unrealized revaluation gains

January 2, 2014

Hong Kong’s Court of Final Appeal (CFA) ruled that year-end unrealized revaluation gains on listed securities held for sale were...

New Zealand: Non-residents must register for GST from April 2014

January 1, 2014

The New Zealand Inland Revenue Department has set out mandatory requirement for non-resident taxable persons to register for the Goods...

Latvia: Taxable base for social security contributions approved

January 1, 2014

The Latvian regulations that set the maximum taxable base for social security contributions, set at EUR 46,400 for 2014, entered...

Bulgaria: Tax Increase for the Wealthy

January 1, 2014

The Bulgarian Government has confirmed that it intends to introduce a higher rate of tax for the wealthy during 2015....

Ukraine: Rates and Accounting rules for Tax 2014

December 31, 2013

On 19 December 2013, the Verkhovna Rada of Ukraine passed Law No. 3757 that introduce tax rates and tax accounting...

Romania: Modify compulsory VAT cash accounting scheme to voluntary

December 31, 2013

The Romanian tax office is planning to change its controversial obligatory VAT cash accounting rule to a purely voluntary scheme....

Clarification of Russian MoF on tax withheld not in accordance with the tax treaty

December 31, 2013

Russian Ministry of Finance has published a letter no. 03-03-06/4/44331 which was issued on 23 October, 2013. This explains if...

Polish Parliament approves bill amending CIT law

December 31, 2013

The lower house of the Polish Parliament approved a bill on 8 November 2013, which enacts significant changes to the...

Norway Budget for 2014 – amendments

December 31, 2013

On 8 November 2013 the new Government presented its amendments to the Budget Bill for 2014. In general, the new...

Netherlands – Withholding tax on dividends distributed to foreign shareholders

December 31, 2013

It was reported on 31 December 2013 that the Dutch Supreme Court filed with the Court of Justice of the...

Netherlands – Reassigned authority for treaty-related LOB requests

December 31, 2013

The Netherlands has concluded a number of tax treaties containing a “Limitation of Benefits” (LOB) article that includes a “catch...

Hong Kong: Lower Tax for Captive Insurers

December 31, 2013

The amended Inland Revenue bill (No.3) 2013 has been gazetted by the Hong Kong Government, aiming to reduce by half...

France – Finance Bill 2014 enacted Transfer Pricing Provisions

December 31, 2013

The Finance Bill for 2014 of France was published on December 30, 2013. The bill contains transfer pricing provisions but...

Colombia: Proposal to Postpone the Scheduled Reduction of Financial Transactions Levy

December 31, 2013

It was published on 31 December 2013 that, during a jointly held session on 30 October 2013, the third and...

India and US considering framework for resolving tax rows

December 30, 2013

India and the US could soon unveil details of a deal designed to resolve more than 100 outstanding tax disputes....

Income tax treaty between Argentina and Spain entered into force

December 30, 2013

The government of Argentina and Spain signed a new income tax treaty on 11 March 2013. In Argentina’s official gazette...

Treaty between New Zealand and Japan entered into force

December 30, 2013

The double tax agreement (DTA) signed between New Zealand and Japan on December 10, 2012, will become effective in New...

France-Canada DTA protocol approved

December 30, 2013

In accordance with initial media reports, France’s lower house of parliament approved the protocol to the Double Tax Agreement signed...