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Australia: Changes to unfair dismissal related thresholds

September 9, 2013

Changes to numerous employment related financial thresholds which are listed every year have been proclaimed by the Australian Government. These...

Australia: Liabilities classification for Thin Capitalization

September 9, 2013

As a consequence of changes to Australia’s thin capitalization rules taxpayers may need to review their thin capitalization position. Now...

Australia: Prepare for an Australian Taxation Office (ATO) review

September 9, 2013

Australia is increasingly giving attention to transfer pricing issues and has recently introduced changes in the law to align the...

Canada – New withholding rules and information collecting rules under the FATCA

September 9, 2013

Under the U.S. Foreign Account Tax Compliance Act (FATCA), Canadian banks and certain other non-U.S. entities must allow with new...

Canada: New exempt life insurance policy rules proposals

September 9, 2013

A number of amendments that would implement changes to the elimination test and other life insurance policy holder taxation rules...

China: Tax exemption for small and micro-sized enterprises

September 9, 2013

The Chinese Finance Ministry (MOF) and the State Administration of Taxation (SAT) have announced VAT and business tax exemptions for...

France announces plans for a Carbon Tax

September 9, 2013

The government of France has announced to initiate a “climate energy contribution”. The new plans will fall within the framework...

France updates list of tax havens

September 9, 2013

France has revised its list of tax havens to include Jersey, Bermuda and the British Virgin Islands as tax havens,...

Germany: Draft regulation for the profit attribution to PEs issued for public discussion

September 9, 2013

The draft version of a new Regulation on the attribution of profits to permanent establishments (PE Regulation) has been issued on...

India – Indian government set up its first Tax Administration Reform Commission

September 9, 2013

The Indian government set up its first Tax Administration Reform Commission on 26 August 2013. The seven-member panel is being...

Kenya: The Revenue Authority adduces “force of attraction” rule

September 9, 2013

Kenya’s tax treaties generally follow the provisions of the OECD Model Tax Convention. However despite the expectation under the OECD...

Lithuania: Real estate tax exemption relating to agricultural activities

September 8, 2013

The tax law of Lithuania has been modified to arrange for an exemption from real estate tax for an entity’s...

Income and capital tax treaty between Saudi Arabia and Luxembourg

September 8, 2013

The income and capital tax treaty between Saudi Arabia and Luxembourg was signed on 7 May 2013. The text of...

Malaysia: Hike in Property Gains Tax

September 8, 2013

Malaysia is considering a hike in the real property gains tax (RPGT), which is imposed on the profits from the...

Mexican Tax Authority increases focus on auditing supply chain structures

September 8, 2013

Recent developments within the Mexican Tax Administration Services (SAT) demonstrate an increased focus on auditing supply chain restructurings. This is...

Nigeria: Installment payments against lump-sum tax payment

September 8, 2013

Nigeria’s tax authority has published in a local newspaper a request to taxpayers to submit their tax return for 2013...

OECD: Mutual agreement procedure statistics

September 8, 2013

Each year the OECD makes available statistics on the mutual agreement procedure (MAP) cases in member countries and in some...

Portugal: Extraordinary investment tax credit to boost investment is introduced

September 8, 2013

The Portuguese government introduced an extraordinary investment tax credit with effect from 17 July 2013. The special tax credit will...