Posts by admin

France: Considers EU Data Transfer Tax

October 6, 2013

Reports suggest that France aims to put forward the idea of a tax to be imposed on data transfers outside...

China: New rules on entry, exit of foreign individuals

October 6, 2013

In China, with respect to the administration of the entry and exit of foreign individuals new rules and processes are...

China: Resident certificate procedure for tax arrangement with Hong Kong

October 6, 2013

There was an announcement by the State Administration of Taxation (SAT) of China. And it was announced that the tax...

China: Exemptions from VAT for exported services

October 6, 2013

Recently China’s State Administration of Taxation issued guidance on the rules for value added tax (VAT) exemptions for exported services....

Canada: Tax cuts for Manufacturers

October 6, 2013

The Ministry of Finance of Canada has declared the tax deductions provided to the manufacturing and processing sector on September...

Canada – New way of voluntary disclosure in Quebec

October 6, 2013

New Voluntary Disclosure (LM-15-V) application has been introduced by the Revenue Quebec for taxpayers who want to justify their tax status on...

Canada – Evaluation of GST/HST information

October 6, 2013

The Canadian Revenue Agency has began to judge the “hefty penalties” regarding the GST/HST annual information return that many large...

Brazil: Tax Earnings Up on Income Tax Collection

October 6, 2013

Brazil’s tax administration, the country’s federal tax revenue rose 2.68% year-on-year to BRL 83.2bn in August 2013, has released on...

Australia: Profit shifting through the artificial loading of debt

October 6, 2013

Two key issues have emerged for taxpayers, with the arrival of an Australian Treasury Paper, addressing profit shifting through the...

PGA Highlights: August 2013

September 25, 2013

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

US – Final regulations on determining amount of tax paid for purposes of the foreign tax credit

September 19, 2013

Final regulations (T.D. 9634) providing guidance on determining the amount of taxes paid for purposes of the foreign tax credit...

UK: Judicial decisions on capital allowances

September 19, 2013

The Upper Tribunal rejected an appeal from HMRC against a capital allowance claim in a recent decision involving Lloyds TSB...

Income and Capital Tax Treaty between Luxembourg and Tajikistan entered into force

September 19, 2013

The Income and Capital Tax Treaty between Luxembourg and Tajikistan entered into force on 27 July 2013. The treaty will applicable from...

Income and Capital Tax Treaty between Luxembourg and Seychelles entered into force

September 19, 2013

Income and Capital Tax Treaty between Luxembourg and Seychelles entered into force on 19 August 2013. The treaty will applicable from 1...

Kenya-Nigeria:Signed tax treaty

September 19, 2013

Kenya and Nigeria has signed a tax treaty on September 6, 2013. No further details are currently available.

New Income and Capital Tax Treaty between Hungary and Switzerland

September 19, 2013

The Income and Capital Tax Treaty between Hungary and Switzerland was signed on 12 September 2013. After entering into force...

Thailand Scraps Luxury-Goods Tax

September 19, 2013

The government of Thailand had announced to eliminate import duties on luxury watches, clothes and cosmetics. Accordingly by the end...

Thailand raised alcohol excise taxes

September 19, 2013

In Thailand the excise taxes on liquor, beer and wine will increase by 7 -15% effective on 4 September 2013....