Posts by admin

Protocol to treaty between Belgium and Japan

December 18, 2013

For the entry into force of the Protocol amending the Double Taxation Agreement (DTA) between Japan and Belgium, mutual notification...

Portuguese Parliament (AR) adopts the Budget for 2014

December 18, 2013

The country’s State Budget for 2014 (OE 2014) is adopted by the Portuguese Parliament (AR). The budget deficit is reduced...

Portugal: VAT rate need not be reduced on restaurant trade

December 18, 2013

There is no need for a cut from the standard 23% rate to the reduced 13% rate. This is indicated...

Oman: Tax remittances

December 18, 2013

Oman government shall impose tax on the remittances sent by foreign workers to their home countries. This is advised by...

Norway releases 2014 Budget

December 18, 2013

On 14 October 2013 Norway released the 2014 Budget with proposals on new interest deductibility restrictions and reduction of the...

New Zealand: Legislation Brings Clarity to Tax Rules

December 18, 2013

The Government of New Zealand has been published an omnibus tax bill intended to bring significant clarity to the tax...

Ratification of New Zealand-Canada Multilateral Tax Convention

December 18, 2013

The Multilateral Tax Convention will be entered into force from March 1, 2014 for New Zealand from March 1, 2014...

Netherlands Welcomes Court Ruling on Business Succession Tax Break

December 18, 2013

The Netherlands Supreme Court has ruled in recent proceedings that the country’s business succession rules, provided for in the inheritance...

Vietnam – Transfer pricing audits based on risk profiles

December 18, 2013

Vietnam’s General Department of Taxation published transfer pricing audits on 18 December 2013, throughout a number of provinces, and selected...

Netherlands – New transfer pricing decree unifies rules

December 18, 2013

The Dutch Deputy Minister of Finance has issued a new decree that generally unifies and clarifies prior transfer pricing guidance,...

Luxembourg: Rejection of a tax on FTT

December 18, 2013

A recent report confirmed that Luxembourg’s clear rejection of a tax on financial transactions (FTT). Luxembourg will carry on ruling...

Joining of Six More Countries with the Tax Information Exchange Pilot of G5

December 18, 2013

UK, France, Germany, Spain, and Italy (the G5) planed for a multilateral program in April which was based on the...

Switzerland: Revise withholding tax regime

December 18, 2013

It was reported that the Swiss Federal Council has introduce a consultation plans to review the imposing of withholding tax...

Malta: VAT 2014 changes approved

December 18, 2013

It was reported on 18 December 2013 that the Maltese budget for 2014 has been approved by Parliament. It includes...

Luxembourg: Automatic exchange of tax information

December 18, 2013

Jean-Claude Juncker, the prime minister of Luxembourg declared that the Grand Duchy of Luxembourg will adopt the automatic exchange of...

Hong Kong: Exchange of information for tax purposes

December 18, 2013

Hong Kong is broadly compliant in its implementation of the international standards of transparency and exchange of information for tax...

France – Status of Transfer pricing proposals in the Draft Finance Bill for 2014

December 18, 2013

The French Senate rejected part 2 of the draft finance bill for 2014 on 16 December 2014. The bill is...

Chile- Combine tax treatment of corporations and partnerships

December 18, 2013

Chile’s tax administration has issued several guidelines on December 18, 2013 for measuring income tax related to corporations and partnerships....