Posts by admin

Tax credits for creating job in South Korea

December 11, 2013

The government of South Korea is planning to give more tax incentives to corporate and personal financing in culture and...

Spanish Bioindustry Welcomes R&D Tax Breaks

December 11, 2013

During a recent event organized by the Spanish Bioindustry Association Asebio, Spain’s State Secretary for Finance presented details of the...

Spain Plans to Cut Taxes in 2015

December 11, 2013

Spain is planning to cut income taxes in 2015 considering significant changes to its corporate taxes as the economy gradually...

South Africa: Technical Tax Proposals for 2014 Budget

December 11, 2013

South Africa’s National Treasury has invited taxpayers to submit any technical proposals to improve the tax legislation, including the closing...

Canada- Hong Kong tax treaty for avoiding double taxation enters into force

December 11, 2013

The agreement between Canada and the Hong Kong Special Administrative Region of the People’s Republic of China due to avoid...

Philippine: Welcome ejection from Italian ‘Black List’

December 11, 2013

The Philippines Government has signed a double taxation agreement (DTA) with Italy to taken off the “black list” of countries...

Mexico – Tax reform legislation published in official Gazette

December 11, 2013

Mexico published new tax reform provision in official gazette on 11 December 2013, which is proceeding through the legislative process....

Ireland: Revenue published details of tax settlements

December 11, 2013

Ireland’s Revenue organization has published data on 88 cases of the settlements arrived at with defaulting taxpayers throughout the last...

Germany: Proposed coalition agreement

December 11, 2013

The German Conservatives (CDU/CSU) and their ex-opposition party the Social Democrats (SPD) signed a 185 page agreement on the formation...

PGA Highlights: November 2013

December 10, 2013

In United States, following events have been occurred under the several PGA during the month of November 2013. Agencies Summary Link...

Russia-Calculate corporate property tax by using cadastral value

December 10, 2013

Russia has enacted Law No.307-FZ naming “Concerning the Use of the Cadastral Value of Real Estate for the Calculation of...

China: Extends VAT to postal services and railways

December 10, 2013

An edict recently is issued by the China’s State Council adding postal services and railway transportation to the reform of...

Philippines: Tax Exemptions for Haiyan Relief Goods

December 10, 2013

The Commissioner of the Bureau of Internal Revenue of Philippines has ensured that foreign donations and relief goods arriving for...

New Zealand: Government Releases Legislative Tax Orders

December 10, 2013

The government of New Zealand has issued two legislative orders which would ratify the Organization for Economic Cooperation and Development’s...

New Zealand – New Tax Policy Work Plan

December 10, 2013

The Inland Revenue of New Zealand released the government’s tax policy work program on 8 November 2013 that sets out...

Netherlands – Electronic filing required for VAT returns

December 10, 2013

It has been reported that  entrepreneurs subject to value added tax (VAT) but not “established”―for VAT purposes―in the Netherlands must...

Netherlands Hails Tax Amnesty A Success

December 10, 2013

On 13 November 2013 it was reported that the Dutch Financial State Secretary has hailed the Government’s temporary relaxed voluntary...

Mexico: Congress passed budget for 2014

December 10, 2013

The Mexican lower house of Congress has passed the federal budget for 2014, which proposes running a deficit in 2014...