Posts by admin

Treaty between Luxembourg and Singapore signed

November 4, 2013

The Luxembourg – Singapore Income and Capital Tax Treaty (2013) was signed on 9 October 2013 in Washington DC. The treaty is...

In the Case of ADIT vs. Clifford Chance, the Tribunal ruled that professional services fees would be taxable in India

November 4, 2013

On 13 May 2013, the Special Bench of the Income Tax Appellate Tribunal issued its judgment in the case of ADIT...

Treaty between Germany and Luxembourg enters into force

November 4, 2013

The Income and Capital Tax Treaty between Germany and Luxembourg entered into force on 30 September 2013. The treaty generally applies from...

Thailand- Plans to Delay FATCA Deadline by Six Months

November 4, 2013

Thailand will postpone its deadline to become compliant with the U.S. Foreign Account Tax Compliance Act by six months, which...

China-Switzerland: Initialed tax treaty agreements

November 4, 2013

A new agreement had been signed between China and Switzerland for the avoidance of double taxation on 25 September 2013....

Guernsey and Poland: Signed a tax agreement

November 4, 2013

The Guernsey – Poland Individual Income Tax Agreement (2013) was signed, in London, on 8 October 2013. This agreement relates to certain...

Switzerland: Signs multilateral convention against BEPS

November 4, 2013

Switzerland signed the multilateral convention on mutual administrative assistance in tax matters on the 15 October. This agreement is seen as...

Sweden –tax audits require due process

November 4, 2013

In a recent ruling, the Administrative Court in Stockholm held that it was the duty of Swedish tax agency to...

Spain –Proposal to bring VAT provisions in line EU rules

November 4, 2013

Recently, Spain has suggested some changes to its VAT provisions so that they are more in line with those of...

Spain: New Law to Support Entrepreneurs

November 4, 2013

The government of Spain recently enacted a law which is commonly known as the “Entrepreneurs Law.” The main objective of...

Spain – Cash accounting to be introduced

November 4, 2013

Spain will introduce an optional VAT cash accounting scheme for businesses with turnover less than EUR 2 million effective from...

South Africa Signs Multilateral SADC Agreement on Assistance in Tax Matters

November 4, 2013

During the Southern African Development Community (SADC) Summit of Heads of State and Governments, held on 17 to 18 August...

The United Kingdom and South Africa set to work together to tackle offshore tax avoidance

November 4, 2013

The Ministry of Finance of South Africa issued a media statement on 12 October 2013, stating that United Kingdom and...

Slovak Republic: Changes to Tax Procedure Code

November 4, 2013

On the basis of the recent amendments to the Tax Procedure Code, new rules related to the communication and submission...

Tax Certificates for residence issued by Czech tax authorities should have an apostille

November 4, 2013

The Russian Ministry of Finance has published Letter No. ОА-4-13/7891 on October 14, 2013, issued on April 29, 2013, clarifying...

Russia: Deductibility of taxes, duties and other charges paid by Russian taxpayers in other states

November 4, 2013

The Russian Ministry of Finance has issued a Letter No. N 03-03-06/2/41278 regarding the deductibility of taxes, duties and other...

Romania: Negotiation of Tax Agreement with Bermuda

November 4, 2013

Recently the Romanian government has announced its intention to commence negotiations for a tax information exchange agreement with Bermuda.  This...

Protocol to treaty between Iceland and Poland enters into force

November 4, 2013

The amending treaty protocol signed on 16 May 2012, to the Iceland and Poland Income and Capital Tax Treaty (1998) entered into...