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ECJ: Interest payable where VAT credit incorrectly refused

December 10, 2013

Recently, the European Court of Justice (ECJ) has ruled that member states may not lawfully withhold interest due on VAT...

France – Arm’s length indemnification for unfair termination of contracts

December 10, 2013

In two court cases of France it was reported on 9 January 2013 that a failure to provide the required...

France – Transfer pricing adjustments been recognized by the Appellate courts

December 10, 2013

The Administrative Courts of Appeal of France recently issued decisions affirming transfer pricing adjustments which are as follows: Lyon court...

France – Administrative Court of Appeal of Paris denies use of secret comparables

December 10, 2013

The Administrative Court of Appeal of Paris gave its decision in Nestlé Entreprises v. Minister of Economy and Finances (No....

Canada-Luxembourg: DTC Protocol Entry into force

December 10, 2013

The Protocol amending the double taxation Convention between Canada and Luxembourg has entered into force on December 10, 2013 and...

Signing of Protocol to DTA between Philippines and Italy

December 10, 2013

The Government of the Philippines confirmed on December 9, 2013 regarding the signing of a Protocol to the double taxation...

Switzerland: Flat’s Tax support to SMEs

December 10, 2013

It was reported that SGV (Switzerland’s main trade association), represents small- and medium-sized enterprises (SMEs) in Switzerland, has accepted the...

India: Determines arm’s length price of share transfers

December 10, 2013

The Income-tax Appellate Tribunal has held that the discounted cash flow method was preferable over the “yield” method or “net...

Switzerland: Tax burden remain stable in 2014

December 10, 2013

According to a media report, the Swiss Federal Department of Finance has issued its tax exploitation index for 2014 on...

China: Financial sector faces issues on transition to VAT

December 9, 2013

In the transition to a value added tax (VAT) system, the financial services sector in China will need to consider...

DTA between Cyprus and Portugal

December 9, 2013

The Cyprus and Portugal signed a double taxation agreement and this agreement will become effective from January 1, 2014, after...

Czech Republic – Changes regarding tax and insurance premiums

December 9, 2013

In the Czech Republic, under changes that are effective in 2014, employers will need to ready new rules regarding the...

Cyprus – Effort to Resolve India Tax Treaty Suspension

December 9, 2013

The government of Cyprus is taking the initiative to resolve matters regarding the suspension of provisions within the tax treaty...

Chile- New Bill is proposed to limit taxation of Senior Citizens

December 9, 2013

The Finance Minister of Chile proposed a new bill on November 8, 2013 for limiting the amount of tax payable...

Canada -Partnership information return for 2013

December 9, 2013

The Canadian Revenue Agency (CRA) has issued revised guidance for partnership information returns (Guide T4068), Guide for the Partnership Information...

Canada – Making Declaration of proposed tax changes in Ontario

December 9, 2013

The Finance Ministry in Ontario has declared proposed measures to increase the tax rate on “non-eligible dividends” of up to...

Canada will balance budget in 2015 without raising taxes

December 9, 2013

The Finance Minister of Canada released economic and fiscal projections annual update on that reports that the government is on...

Brazil established new tax accounting rules

December 9, 2013

A provisional measure was published in Brazil on 15 November 2013, to establish new tax accounting rules which rescinds the...