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Denmark :Corporate income tax rate will be reduce to 22% by 2016

September 1, 2013

The Danish Parliament has recently passed two bills which are part of the government’s economic growth plan. The current corporate...

ECJ: Advocate General issues an opinion on the VAT exemption for educational services

September 1, 2013

Details of the opinion of the Advocate General of the European Court of Justice (ECJ) in respect of questions on...

France introduces bill on new tax incentives for entrepreneurs

September 1, 2013

The government of France introduced a Bill into the National Assembly on 21 August 2013 in relation to tax incentives...

France: New decree enacted regarding tax incentives audit

September 1, 2013

In France Decree No. 0189 was published in the Official Gazette on 15 August 2013. The Decree provide detail information...

France: New deductions enacted on capital gains

September 1, 2013

The government of France issued a circular on 9 August 2013 on reductions of capital gains for individual income tax...

India – CBDT Releases Drafts on Transfer Pricing Safe Harbor Rules

September 1, 2013

India’s Central Board of Direct Taxes (CBDT) released draft transfer pricing “safe harbor” rules as part of an initiative by...

India – No transfer pricing adjustment required on certain interest-free advances

September 1, 2013

Recently, Income Tax Appellate Tribunal by a ruling rejected and deleted transfer pricing adjustments proposed with respect to a taxpayer’s...

Italy: Decree on Final Exit Tax has been published

September 1, 2013

The Ministerial Decree of 2 August 2013 is implementing new rules on 12th August 2013 regarding the income tax treatment...

Luxembourg publishes Circular on Minimum Corporate Income Tax (MCIT)

September 1, 2013

The Luxembourg tax authority published a circular L.I.R. no. 174/1 on 1 August 2013. This relates to the Minimum Corporate...

New Zealand reforms the Inland Revenue Department

September 1, 2013

The New Zealand Government has announced to reform the Inland Revenue Department which intended to make it easier and less costly...

OECD issues a report on managing service demand

September 1, 2013

The OECD’s Forum on Tax Administration has published a report on Managing Service Demand. This document sets out guidance for...

OECD issues report on cooperative tax compliance

September 1, 2013

The OECD’s Form on Tax Administration has issued a report called “Cooperative Compliance: A Framework” setting out the progress made...

Philippine: Collect taxes from online sellers

September 1, 2013

The Bureau of Internal Revenue (BIR) of Philippines’ has released a memorandum, which is ensure that it will start accumulate...

Romania: Reduced VAT for bakery products

September 1, 2013

A change in the VAT rate in respect of bakery products is contained in Government Ordinance no. 16/2013 which was...

Russia- Draft amendments to Tax Code

September 1, 2013

The government of Russia has introduced Draft Law No. 330414-6 to parliament on August 10, 2013 that amends the Tax...

Russia- Guidance on filling out notification on controlled transactions

September 1, 2013

The Federal Tax Service of Russia has issued Letter No. OA-4-13/11860 clarifies the requirements for filling out the notification that...

Saudi Arabia – Procedures to claim reduced withholding tax rates under tax treaties

September 1, 2013

The tax authority of Saudi Arabia has issued guidance- Circular No. 5068/16/1434 about the procedure of claiming reduced withholding tax...

South Africa: Private ruling on capital gains tax in South Africa

September 1, 2013

A ruling has been issued that may help taxpayers to determine the tax position in a situation where a loan...