Posts by admin

Cyprus and Ukraine finalize the procedures to bring new treaty into force

October 31, 2013

The Inland Revenue Department of the Ministry of Finance of Cyprus issued Circular No. 2013/16 on 23 September 2013, expressing...

Croatia: Constitutional Court decision

October 31, 2013

The Constitutional Court gave its final decision and repealed article 16(3) of the Law on the amendments to the individual...

Colombia: Low-Tax Jurisdictions

October 31, 2013

Decree 2193 issued on 7 October 2013 and applicable for income tax purposes as from 1 January 2014, establishes the...

China: Draft regulations relating labour dispatch

October 30, 2013

Recently, the government of China issued draft regulations relating to provisions of Labour Dispatch. Labour dispatch arrangements  are supplementary arrangements...

Canada: Draft proposals on character conversion transactions

October 30, 2013

Canada’s Finance Department has published draft legislative proposals for a number of the measures on September 13, 2013 that were...

Canada: Quarterly formal interest rate due to include deemed interest income

October 30, 2013

The Revenue Agency (CRA) of Canada ensured that the quarterly prescribed interest rate used to determine the deemed interest income...

Canada – Eligibility of certain retirement payments for pension income splitting

October 30, 2013

The Revenue Agency (CRA) of Canada has issued a technical interpretation addressing amounts received from “retirement compensation arrangements” eligible for...

Belgium: Transition regime related to VAT

October 30, 2013

A transition regime in relation to VAT is being extended by the Belgian authorities during 2014. The regime permits taxpayer...

Australia may limit employment-related tax benefits

October 30, 2013

Australia has made a decisive step towards imposing restrictions on certain employment-related tax benefits which may include reforms in fringe...

Australia: Documentation of R&D activities

October 30, 2013

As like other nations, Australia gives tax relief to companies taking part in research and development activities. However companies need...

Australia: Draft Bill to repeal carbon tax

October 30, 2013

The Australian Prime Minister and Environment Minister on 15 October 2013 announce that the government has released draft legislation to...

Argentina -Tax Incentives Plan for software Industry

October 30, 2013

The Argentine government issued a decree on 16 September 2013 to promote the software industry. The decree will allow tax...

Transfer Pricing Brief: September 2013

October 24, 2013

Brazil Under Ordinance 427/2013 where the taxpayer is the lending party a spread of 2.5% is to be added to...

WTO Public Forum discusses trade facilitation

October 23, 2013

The WTO Public Forum was held on 1 to 3 October 2013. The third day of the meeting was devoted...

US: IRS Corrects Final Regulations on FATCA Reporting and Withholding

October 22, 2013

In Announcement 2013-14, the Internal Revenue Service (IRS) corrected final regulations (T.D.9610) regarding information reporting by foreign financial institutions (FFIs)...

Treaty between Senegal and South Africa signed

October 22, 2013

Senegal and South Africa signed a tax treaty, in Senegal. No further details of the treaty are currently available. South...

Treaty between Estonia and Morocco signed

October 22, 2013

Estonia and Morocco signed a tax treaty on 25 September 2013 in New York. It was signed during a visit by...

Kazakhstan-Luxembourg DTT approved by Kazakhstan

October 22, 2013

Kazakhstan’s Lower House of Parliament has approved the Kazakhstan – Luxembourg Income and Capital Tax Treaty (2008) on September 25, 2013...