Posts by admin

Malta ratifies Protocol signed with South Africa

December 10, 2013

Malta finished its domestic ratification of the Protocol signed with South Africa on November 8, 2013 and published the Double...

Luxembourg: New circular declares VAT exemption for risk management services

December 10, 2013

“Administration de l’Enregistrement et des Domaines”, the Luxembourg VAT Authorities issued a Circular (Circular n° 723 ter) on 7th November...

Luxembourg wants acceleration of negotiation on Savings Tax

December 10, 2013

Luxembourg has called on the European Commission (EC) to accelerate negotiations with third party countries, to make sure that progress...

Argentina-Introduces surcharge on foreign currency

December 10, 2013

The Argentine Federal Tax Authorities (AFIP) issued General Resolution No. 3550/2013 which has become effective on 3 December 2013. The...

Luxembourg Considers Tax Rise

December 10, 2013

The assessment of current negotiations on the formation of a new Government of Luxembourg is that there is a pledge...

Ireland: Tax hike hits Irish savings

December 10, 2013

According to one well known financial institution (the Nationwide Building Society), the Irish Finance Minister has decided to raise the...

Technical services fees under treaty between India and Germany

December 10, 2013

It was held by the Agra Bench of the Income-tax Appellate Tribunal of India that leather testing charges were taxable...

Hungary Signs OECD Multilateral Tax Assistance Treaty

December 10, 2013

Hungary has become the 61st jurisdiction to sign the Organization for Economic Cooperation and Development’s multilateral treaty on multilateral tax...

United States: ADD/CVD Roundup for November 2013

December 10, 2013

Following table shows the Federal Register notices related to ADD/CVD cases for November 2013 in United States. Country Product Investigations...

Hungary- Amendments to Corporate Law

December 10, 2013

Hungary is going to modify its civil code by making significant changes to the corporate law which is likely to...

France – reform to the tax procedure of life insurance contracts

December 10, 2013

The French Ministry of Finance presented the year-end supplementary finance bill of 2013 to the Council of Ministers. The bill...

Russia–Readjusting the taxable base for transfer pricing purposes may impact on the VAT base

December 10, 2013

The Russian Ministry of Finance has made public Letter No. 03-01-18/19214 clarifying the rights of tax authorities to readjust the...

Russia – Controlled transaction is classified as transactions within individuals

December 10, 2013

The Russian Ministry of Finance (MoF) has issued Letter No.03-01-18/38106 on September 16, 2013 that explains whether transactions with individuals...

Russia-Applicable fields for applying thin capitalization rules

December 10, 2013

The Ministry of Finance has published Letter No. 03-08-05/23521 regarding the applicability of the thin capitalization rules to interest payments...

Finnish Administrative Supreme Court Order to pay interest on refunds of withholding tax collection

December 10, 2013

According to the Finnish Supreme Administrative court decision, Finland tax authority must pay interest on refunds of withholding tax collected...

France and the US signed FATCA Intergovernmental Agreement

December 10, 2013

On 14 November 2013, the US and France signed an Intergovernmental Agreement (IGA), in order to improve international tax compliance...

EU: Planning to change the intrastate reporting process

December 10, 2013

The European Commission is plans to changes the Intrastate reporting process which is the month to month reporting procedure for...

Egypt: Forbidden Progressive Tax Plans

December 10, 2013

Recently, the Egyptian committee has forbidden plans to include an article in the country’s basic law providing that progressive taxation...