Posts by admin

Canada – Legislation Implementing Tax Measures from Budget Plan

November 14, 2013

The Canada’s Federal Budget Bill contains measures from the 2013 federal budget including: Introduction of new administrative financial penalties and...

Canada-Switzerland: Exchange of letters to treaty enters into force

November 14, 2013

The exchange of letters, signed by Switzerland on June 28, 2012 and by Canada on July 23, 2012, to the Canada...

Brazil’s Tax Treatment on shared costs

November 14, 2013

Brazil’s tax authorities published guidance concerning the treatment of social contributions and it related to expenses and cost shared by...

Significant Changes to Brazilian Tax Legislation

November 14, 2013

The Brazilian Ministry of Finance has announced significant changes to the way it will tax profits sourced from abroad, on...

Belgium: Tax simplification bill

November 14, 2013

The Belgian Council of Ministers has given approval of the tax simplification bill. According to the bill, any individual for...

Belgium: Audits on corporate withholding tax

November 14, 2013

The Finance Ministry of Belgium has unveiled plans to tighten the rules next year for companies which fail to settle...

Belgium – Hospitality Tax Bill

November 14, 2013

The Belgian Senate has approved the bill submitted by the Belgian Finance Minister that is designed to reduce the tax...

Azerbaijan has declared the tax Policy Priorities

November 14, 2013

Azerbaijan has declared its tax policy priorities for the next 3 years which are presently being considered by the Azerbaijani...

Austria – Legislates rapid reaction reverse charge on VAT fraud

November 14, 2013

Austria has the new mechanism to enable member states to change reporting and VAT obligations at short notice were brought...

Australia: GST fraud in gold industry is in target

November 14, 2013

The Australian Tax Office (ATO) on 30 October 2013 announced that it is investigating companies within the gold bullion sector...

Australia: Fuel tax credits and carbon pricing

November 14, 2013

The new Coalition Government of Australia discharged draft enactment regarding to the proposed nullification of the carbon pricing mechanism. This...

Argentina –Increment of Social Security Salary Thresholds

November 14, 2013

The government of Argentina has increased the salary limits on social security contributions. Effective from September 2013, the new gross...

Amendment to the Bahrain-China double tax treaty

November 12, 2013

Bahrain and China have recently amended their 2002 double tax treaty (DTT) by a protocol signed on 16 September 2013....

PGA Highlights: October 2013

November 7, 2013

In United States, following events have been occurred under the several PGA during the month of October 2013. Agencies Summary Link...

Peru- Amendments to the VAT withdrawal system

November 6, 2013

The tax authority of Peru published Resolution No. 317-2013-SUNAT on 24 October 2013. The resolution amends the Resolutions No. 183-2004-SUNAT,...

Treaty between Serbia and Vietnam enters into force

November 6, 2013

The Serbia – Vietnam Income Tax Treaty (2013) entered into force on 18 October 2013,. The treaty generally applies from 1 January...

Switzerland: Terminates Tax Rebate Committee

November 6, 2013

It has been announced that, the Swiss Federal Council has issued plans to eliminate the Federal Committee (CFR) responsible for...

Korea (Rep.) – Poland: protocol treaty signed

November 6, 2013

Korea (Rep.) and Poland signed a  protocol treaty to the Korea (Rep.) on 22 October 2013. Among other changes the protocol...