Posts by admin

Belgium: Royal Decree on tobacco tax rise

December 9, 2013

A draft Royal Decree, regarding tax rise on tobacco is approved by the Belgian Council of Ministers. As a result,...

Belgium: Enhancement of employers’ social security tax break

December 9, 2013

A draft Royal Decree is approved by the Council of Ministers of Belgium with a purpose to strengthen the structural...

Belgium confirms withholding tax rate changes

December 9, 2013

Belgium has decided to reduce the rate of withholding tax levied on small- and medium-sized enterprise (SME) dividends from 25...

Australia: Transfer Pricing being referred as “Profit Shifting”

December 9, 2013

In Australia, the recent introduction of subdivision 815 has given the Commissioner more extensive powers to transfer pricing adjustments. Subdivision...

Australia: Carbon tax repeal Bill tabled

December 9, 2013

The Prime Minister of Australia on 13 November 2013 tabled a bill canceling controversial carbon tax throughout the first session...

Interest income under the income tax treaty between Vietnam and France

December 9, 2013

The income tax treaty between Vietnam and France does not provide any provisions for the taxation of interest derived from...

Russia- Court rules for establishing thin capitalization to a sister company loan

December 9, 2013

Russia’s Federal Arbitration Court of the North-West region has issued Ruling No. А52-4072/2012 on September 18, 2013 concerning the establishment...

Australia: The Authority extends review of income tax rules

December 9, 2013

It was proclaimed by the Assistant Treasurer of Australia that the Australian on 8 November 2013, Board of Taxation will...

Nigeria – Authorities highlights tax revenue collection

December 9, 2013

It has reported that Nigeria’s state internal revenue authorities are to be more invasive in current trading with taxpayers. For...

Japan – Early repeal of special reconstruction corporation tax

December 9, 2013

The Japanese government has announced an economic stimulus package that includes a statement that “special reconstruction corporation tax (i.e., a...

US: FATCA reporting – Draft Version of Form 1042-S

December 8, 2013

On 4 November 2013, the Internal Revenue Service has released new draft instructions for the 2014 Form 1042-S, Foreign Person’s...

US: District of Columbia Introduces Prepaid Card Option For Tax Refunds

December 8, 2013

The District of Columbia Office of Tax and Revenue (OTR) has announced a new option taxpayers can choose to receive...

US Bill Introduced To Simplify Mobile Workers’ Taxation

December 8, 2013

United States businesses have welcomed the introduction into the Senate of a bill, the Mobile Workforce State Income Tax Simplification...

United Kingdom: UK High Court decision on portfolio dividend tax

December 8, 2013

UK High Court decision concerns the portfolio dividend tax (holdings of less than 10%) under the previous tax law which...

Tax Devolution process for Wales has been confirmed by the UK Government

December 8, 2013

The UK Prime Minister has confirmed in a press release on 7 November 2013 that the Government intends to devolve...

Sweden has signed Double Taxation Avoidance Agreement with Georgia

December 8, 2013

Georgia and Sweden signed an agreement on 6 November 2013, on avoidance of double taxation and the prevention of tax...

Property tax cut of South Korea

December 8, 2013

The government of South Korea has decided that the tax cut on home purchases will become effective from 28 August...

South African Employment Tax Incentive

December 8, 2013

The Employment Tax Incentive (ETI) has been approved by the South African Parliament. The purpose of incentive is to alter...