Posts by admin

Russian President commands more tax intermission for LNG

December 8, 2013

Russian President has called for tax intermissions to be prolonged to more gas deposits that produce the Novatek-controlled liquefied natural...

Romania: Amendment of income tax rate for severance payments

December 8, 2013

Romania now limits the individual income tax rate of 85% with respect to only particular severance payment. Previously it was...

Portugal: Gazettes Tax Regularization Decree

December 8, 2013

Decree-Law number 151-A/2013 is published in the country’s official Gazette. To tighten sanctions, it establishes an exceptional and temporary regime...

Portuguese: New VAT measures in Finance Bill

December 8, 2013

A range of changes to the Portuguese VAT regime has been presented in the latest Finance Bill which would come...

OECD publishes paper on tax crime in the fishing sector

December 8, 2013

A report prepared by the OECD Task Force on Tax Crimes and Other Crimes entitled “Evading the net: tax crime...

OECD Forum on Tax and Crime

December 8, 2013

The Third International Forum on Tax and Crime was held in Istanbul on 7 and 8 November 2013. The Forum...

OECD consults on transfer pricing issues

December 8, 2013

The OECD held a public discussion on transfer pricing issues in Paris on 12 and 13 November 2013. The participants...

Norway – Amended 2014 budget to implement interest limitation rules

December 8, 2013

Norway’s new government on 8 November 2013 presented its “adjustments” to the 2014 budget.  The proposal to limit interest deductions...

Nigeria – New TP forms and established tax office

December 8, 2013

Nigeria’s Federal Inland Revenue Service (FIRS) has published a transfer pricing declaration and disclosure form for executing the transfer pricing...

Malta: Budget 2014

December 8, 2013

Malta’s Minister of Finance presented the government’s budget for 2014 on November 04, 2013. The 2014 budget holds various measures...

Income tax treaty between Luxembourg and Laos

December 8, 2013

An income and capital tax treaty between Luxembourg and Laos has been ratified, and awaiting the exchange of instruments of...

Latvia: Parliament amends the Micro-enterprise tax law

December 8, 2013

According to the amendments a natural or legal person who is a member of a partnership can’t be a micro-enterprise...

Latvian Parliament approves the State budget for 2014

December 8, 2013

The Latvian Parliament approved the Law on the State Budget for 2014, the Law on Medium-Term Budget Framework for 2014–2016...

Kazakhstan to Exempt EXPO-2017 Facilities from Tax

December 8, 2013

The Economy and Budget Planning Minister said that facilities for EXPO-2017 held in Astana city will be free from tax....

Italy: Extension of 2012 VAT returns submission

December 8, 2013

A further extension has been made to the deadline for filing of the annual 2012 Italian VAT filing. The new...

Italy: The confirmation of reduced tax burden in Budget

December 8, 2013

The Italian Minister of Finance and the Economy has felt to counter some comments being made in criticism on the...

Ireland: Opportunities to claim R&D tax credits

December 8, 2013

It is clear that in Ireland the research and development tax credit is not limited to research in the laboratory....

Bank of Ireland estimates cost of new levy

December 8, 2013

The presentation of an annual banking levy will cost it EUR40m (USD53.9m) a year for the following three years. This...