Posts by admin

Ecuador: China DTA gets Parliament approval

December 6, 2013

According to media reports published on December 3 2013, Ecuador’s the double taxation agreement (DTA) and an accompanying Protocol the...

Bulgaria releases tax withheld on specific EU traded bond interest

December 6, 2013

The Bulgarian Corporate Income Tax Act amendments will take into effect on January 1, 2014. No tax at source will...

Canada: Deduction of R&D tax credit rate starting from 2014

December 5, 2013

The normal rate for tax credits under the federal government’s scientific research and experimental development (SR&ED) program will be deducted...

Belgium: EC investigates R&D incentives, tax exemption

December 5, 2013

An “in-depth investigation” is launched which will determine whether Belgium’s implementation of a system of support for innovative companies i.e.,...

Australia: Push for G20 tax action

December 5, 2013

The Australian Prime Minister has started his nation’s G20 Presidency with a call for enhanced international tax arrangements. The G20...

Luxembourg – Income tax treaty with Seychelles

December 5, 2013

The income and capital tax treaty between Seychelles and Luxembourg entered into force on August 19, 2013, and which will...

Japan: Amendments of Tax Treaty Protocol with Sweden has been Signed

December 5, 2013

It has been published on 5 December 2013 that the governments of Japan and Sweden have signed a Protocol amending...

Spanish Supreme Court allows domestic tax credit to transfer of shares by EU residents

December 5, 2013

The Spanish Supreme Court has approved the application of a tax credit to elude double taxation to capital gains derived...

Spain: Transactions exceeding €1 million need to report

December 5, 2013

Companies holding balances or conducting transactions during 2013 with foreign companies that exceed €1 million is required to report. This...

ECJ decision on the taxable amount for VAT

December 5, 2013

A decision of the European Court of Justice (ECJ) on 5 December 2013 related to the question of whether a...

Spain execute EU CRD IV and provides for monetization of certain deferred tax assets

December 5, 2013

Under the Spain’s implementation, the European Union (EU) Capital Requirements Directive 2013/36/EU (CRD IV) includes provisions that allow Spanish corporate...

TIEA between Argentina and Macedonia will enter into force

December 5, 2013

The government of Argentina and Macedonia signed a tax information exchange agreement on 26 April 2013. After completing necessary ratification...

Italy: Duration of advance payment of income tax extends

December 5, 2013

The Government of Italy increased the advance income tax payment due for fiscal year 2013 and delayed the deadline for...

Italy: No effect on inflation due to rise in VAT

December 5, 2013

The Continued fall of the last month Retail prices in spite of rise in Italy’s VAT to 22% on 1 October 2013....

Ireland -Switzerland: Protocol tax treaty signed

December 4, 2013

The Protocol to the double tax agreement (DTA) initialed between Switzerland and Ireland will be effective in Ireland from January...

Brazil:Tax authority issues guidance for transfer pricing purposes

December 4, 2013

The Brazilian tax authority has published guidance for determining the pricing of certain exports and imports of goods that are...

Netherlands Reveals 2013 Tax Take Figures

December 4, 2013

The Dutch Finance Ministry has announced that state revenue and expenditure levels for 2013 are in line with the prognosis...

Italy and Switzerland closer to resolving tax disputes

December 4, 2013

A further round of bilateral negotiations was held between Italy and Switzerland in Rome which aimed at resolving important tax...