Posts by admin

Turkey deducts VAT rate on e-books

December 17, 2013

By harmonizing the VAT rate imposed on e-books and traditional, printed books Turkey has become the updated country and it...

Norway ratifies protocol to tax agreement between Norway and Germany

December 17, 2013

According to media reports, Norway’s parliament approved a law on December 5, 2013 to ratifying the Protocol to the double...

French and Italian FTT has been challenged by the German banks

December 17, 2013

The financial transactions tax (FTT) presently levied by France and Italy on trading in French and Italian securities need to...

France-Increase of VAT rate from 1 January 2014

December 16, 2013

The government of France announced on 16 December 2013 to reduce the VAT rate from 19.6% to 20% in 2014....

Australia: ATO dispatched International Structuring, Profit Shifting field Program

December 16, 2013

The Australian Taxation Office (ATO) in accordance with current base erosion and profit shifting (BEPS) activities dispatched an “international structuring...

US: Moneyed Households Pay over 100 Percent of Income Tax

December 16, 2013

Based on a report of Distribution of Household Income and Federal Tax for 2010, Congressional Budget Office (CBO) pointed out...

Netherlands – new transfer pricing decree

December 16, 2013

The Dutch Deputy Minister of Finance in late November 2013 issued a decree that generally unifies and clarifies prior transfer...

United States and Malta sign FATCA Bilateral Agreement

December 16, 2013

The United States and Government of Malta signed an intergovernmental agreement on 16 December 2013 to implement the FATCA provisions...

EU: Tackling VAT fraud with Russia and Norway

December 15, 2013

It was reported on 15 December that, in efforts to continue to contain the spread of EU VAT fraud further...

Poland’s VAT changes effective in 2014

December 13, 2013

Poland’s value added tax (VAT) law changes that is effective from 1 January 2014. Changes to the date when VAT...

Norway Budget for 2014 enacted

December 13, 2013

The Budget Bill for 2014 was enacted on 13 December 2013 by the Parliament. The provisions include the reduction of...

Romania: comprehensive VAT deferment scheme to importers

December 13, 2013

The import VAT abeyance scheme has been extended in Romania under a Order issued by the Ministry of Finance at...

Czech Republic: Corporate tax liability is affected by regional aid rules

December 12, 2013

An essential fact that may impact indirectly the tax liability of Czech companies is the end of the seven-year (2007-2013)...

Tax treaty between India and United Kingdom – Indian decision on taxability of fees for technical services

December 12, 2013

The Indian Income Tax Appellate Tribunal (ITAT) issued its decision on 31 May 2013 in the case of Veeda Clinical...

France – “Abridged” transfer pricing documentation to be filed annually

December 12, 2013

On 12 December 2013 it was reported that recently enacted transfer pricing legislation includes a new requirement for large taxpayers...

Croatia Proposed to change VAT Rates

December 12, 2013

The Croatian Government has drawn a draft bill that was reported on 12 December 2013, which proposed multiple modifications to...

Colombia: CREE Fair Tax Decree Issued

December 12, 2013

“Fair tax” is introduced by the Decree 2701 of 2013. “Fair Tax” is a tax which is payable by resident...

Sweden: Social security contributions for employees in R&D has been reduced

December 12, 2013

A Legislation passed by the Swedish Riksdag which will enable companies with personnel working with research or development (R&D) to...