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Italy: 2014 draft Budget Law has been issued

November 3, 2013

The Italian Government approved on 15 October 2013, as part of its 2014 budget package, a Law Decree (the Decree)...

The United Kingdom and Isle of Man sign automatic exchange of information agreement

November 3, 2013

The United Kingdom and Isle of Man signed an automatic exchange of information agreement on 10 October 2013. In the...

Ireland: Budget for 2014

October 31, 2013

The Minister for Finance presented the Budget to the Parliament on 15 October 2013. The most important features of the...

India – Government has raised VAT processing charges

October 31, 2013

In India the fee for accepting and processing Indian VAT annual returns was previously a flat INR 800 irrespective of...

India – Implications of GAAR from 2015

October 31, 2013

Recently, in India general anti-avoidance rule (GAAR) has been introduced which will become effective from 1 April 2015 (Financial Year...

Iceland Releases Tax Changes in 2014 Budget Proposal

October 31, 2013

Iceland’s ministry of finance released the 2014 budget proposals, which include tax cuts for individuals and companies on 1 October...

Hungary considering 35% luxury VAT rate

October 31, 2013

In connection with drafting the 2014 budget, Hungary is still considering introducing a super VAT rate of 35% on luxury...

Germany: Additional administrative burden for VAT reporting for cross-border, intra-EU supplies

October 31, 2013

A new document has been introduced in Germany that increases the administrative burden with respect to intra-EU supplies (the cross-border...

Colombia-Israel FTA signed

October 31, 2013

Colombia and Israel has signed a Free Trade Agreement (FTA) in Jerusalem on September 30, 2013. According to Tourism and...

Chile-Thailand FTA signed

October 31, 2013

The Free Trade Agreement (FTA) has signed between Chile and Thailand on October 4, 2013. This follows a feasibility study...

France: Mandatory Online Tax Reporting Threshold

October 31, 2013

The French Finance Ministry announced on 17 October 2013 a reduction in the threshold for application of the mandatory on-line...

The Exchange of information agreement between United Kingdom and Uruguay was signed in London

October 31, 2013

The Exchange of Information Agreement between United Kingdom and Uruguay was signed in London on 14 October 2013. The exchange...

EU: New incentive limits for all European Union (EU) member states

October 31, 2013

The European Commission (EC) wants a new incentive limits for all European Union (EU) member states from 1 July 2014....

EU & Canada Free Trade Agreement

October 31, 2013

After more than four years of negotiations, the European Union (EU) and Canada have reached a political agreement on a...

DTT between Hungary and Kosovo

October 31, 2013

The government of Hungary and Kosovo signed an agreement on 3 October 2013 for the avoidance of double taxation and...

Czech Republic: Tax rates for investment funds proposed

October 31, 2013

In Czech Republic, pending legislation has approved by the Senate would give the following tax rates for investment funds: On...

Czech Republic: Income Tax Law amendment has approved

October 31, 2013

The Senate of Czech Republic has approved a special law measure on October 10, 2013 which includes a long discussed...

Czech Republic- Bahamas, Monaco TIEA Signing Approval

October 31, 2013

The Ministry of Finance of Czech Republic has declared that the government had accepted the signing of tax information exchange...