Posts by admin

Protocol to treaty between Indonesia and Mexico signed

October 22, 2013

Indonesia and Mexico signed an amending protocol to the Indonesia – Mexico Income Tax Treaty (2002) on 7 October 2013. The...

Portugal: Extraordinary tax on electricity producers

October 22, 2013

The Ministry of Environment and Energy of Portugal has affirmed arrangements to impose an “extraordinary contribution” in 2014, to empower...

Peru- Decree on VAT Collection System published

October 22, 2013

The Supreme Decree 243-2013-EF of Peru has been published which will enter into force on 30 October 2013.  The Decree...

OECD: Welcomes Japanese tax increase

October 22, 2013

Recently, the Secretary General of the Organization for Economic Cooperation and Development (OECD) has welcomed the announcement by Prime Minister...

Liechtenstein and Malta sign DTA

October 22, 2013

A bilateral double taxation agreement (DTA) between Liechtenstein and Malta in respect of taxes on income and on wealth is...

Japan: Published Fiscal Incentive Package

October 22, 2013

Japanese Prime Minister has confirmed on 4 October 2013 that, the Government is to provide a fiscal stimulus package to...

Indonesia-temporary tax payment relief

October 22, 2013

A new regulation providing a temporary cash flow relief for some taxpayers has been issued by The Ministry of Finance...

India: introducing VAT compliance with more fines

October 22, 2013

India will introduce a new range of fines to help improve the weak compliance record of many firms, following a...

India: CBDT issues rules for application of GAAR

October 22, 2013

The government of India has allotted a General Anti Avoidance Rule (GAAR) in order to combat tax avoidance. The GAAR...

Greece: Current transfer pricing legislation changes

October 22, 2013

Recently, major transfer pricing regulation changes have taken place in Greece. A bill was approved on 29 August 2013 by...

France: New 1% tax on EBITDA repealed

October 22, 2013

The French Minister of Economy officially announced on 6 October 2013 that the new 1% tax on Earnings before Interest,...

France -Revision to VAT rates

October 22, 2013

The government of France is planning to raise the current standard VAT rate from 19% to 20 % and to...

Switzerland-US: Exchange of notes to FATCA agreement

October 22, 2013

The Swiss parliament sanctions a changed Implementation Act on 27 September 2013, concerning the Switzerland and United States FATCA Agreement (2013) of...

Exchange of information agreement between Monaco and South Africa signed

October 22, 2013

Monaco and South Africa signed an exchange of information agreement, on 23 September 2013, relating to tax matters. The agreement...

Exchange of Information Agreement between Barbados and South Africa signed

October 22, 2013

On 17 September 2013 Barbados and South Africa signed an exchange of information agreement relating to tax matters, in Bridgetown....

Exchange of Information Agreement between Argentina and Aruba signed

October 22, 2013

Argentina and Aruba signed an exchange of information agreement relating to tax matters on 30 September 2013. The agreement aims...

Japan: Convention and protocol on Mutual Administrative Assistance in Tax Matters enters into force

October 22, 2013

The multilateral Convention on Mutual Administrative Assistance in Tax Matters,  as amended by the 2010 protocol on 1st October 2013 which...

Turkey-Cameroon DTA negotiations conclude

October 22, 2013

The tax authority of Turkey has announced that the government has concluded the first-round of negotiations with Cameroon for the...