Posts by admin

Changes in e-Filing Tax Payments in South Africa

September 19, 2013

E-filing on debt pull transactions will be eliminated from September 4. The SARS disclosed that the procedure will take place...

Portugal: Corporate income tax proposals for 2014

September 19, 2013

Currently, Portugal thinking to take initiatives that would reform the corporate income tax law. The Corporate Income Tax (“CIT”) 2014...

Relaxation of VAT penalties in Peru

September 19, 2013

The Peruvian tax authority published Resolution No. 277-2013/SUNAT which became in force from 8 September 2013. The resolution has relaxed...

Italy: Update on new VAT declaration

September 19, 2013

Italy has provided detailed requirements for the new Italian VAT declaration (Spesometro) providing detailed analysis of VAT transactions above €3,600....

OECD: Engaging and involving SME taxpayers

September 19, 2013

The OECD recently published a paper entitled “Together for Better Outcomes” dealing with the issue of how to involve and...

Netherlands: Voluntary disclosure relief system relaxed

September 19, 2013

The Dutch Finance Ministry has announced plans that for those taxpayers who have undeclared assets disclosure system between September 2,...

Netherlands: Tax Plan 2014

September 19, 2013

The Tax Plan 2014 will be presented to the Lower House of parliament (Tweede Kamer) by the Minister of Finance...

 Japan: Planning to relax the Corporate Tax Relief Measures

September 19, 2013

Japan’s Prime Minister has requested that his Government should take account of tax incentives for the corporate part along with...

Italy: VAT registration threshold has been raised for SME

September 19, 2013

Governing body of the member states’ VAT system, the EU VAT Directive has offered the scope for countries to increase...

Israel – Government Approves Budget 2013-2014

September 19, 2013

The Budget for the fiscal year 2013-2014 has been accepted by the Israeli government initiating important changes to both individual...

India: CBDT amends rules relating to furnishing information on payments to nonresidents

September 19, 2013

India’s Central Board of Direct Taxes (CBDT) allotted Notification No. 67/20131 on 2 September 2013, revising the existing Rule 37BB...

Greece: New tax crime sheet

September 19, 2013

A new tax crime sheet was introduced on 12th September 2013, aimed at streamlining fines enforced by tax agencies. For...

French Tax Bills for 2014 announced

September 19, 2013

On 11 September 2013 the French Finance Ministry finalized its 2014 finance bill. The tax burden on the wealthiest individuals...

Cyprus amends Property Tax

September 19, 2013

The Government of Cyprus has declared details plans to amend the country’s Immovable Property Tax (IPT), exempting the lowest-valued properties....

Canada: Insurance premium rate for employment

September 19, 2013

Canada’s Finance Minister has announced the employment insurance premium rate for employees that will be fixed for 3 years. According...

Brazil: Determination of capital gains for non-residents

September 19, 2013

The Resolution Ruling COSIT 16/2013 was issued by the Federal Revenue Office on 9 September 2013 and published in the...

Income Tax Treaty between Belgium and Uruguay signed

September 19, 2013

The Income Tax Treaty between Belgium and Uruguay was signed on 23 August 2013. Under the treaty the definition of...

Belgium: Notional interest deduction rate

September 19, 2013

June 2013 Legislation modifies the method which is used to calculate and determine the rate of the notional interest deduction....