Posts by admin

Malta and Turkey DTA entered into force

August 27, 2013

The Income Tax Treaty (2011) between Malta and Turkey for the avoidance of double taxation entered into force on 13...

Russia- Clarification on documentation to verify appropriate transfer pricing method

August 27, 2013

The Ministry of Finance of Russia has issued public letter No. 03-01-18/26965 in relation to transfer pricing documentation on July...

Protocol to DTA between India and Morocco signed

August 27, 2013

India and Morocco have signed a protocol to their Double Taxation Avoidance Convention.  This protocol will bring the information exchange...

Poland: Parliament rejects proposal for tax relief

August 27, 2013

The parliament of Poland voted against the proposal of changes in the Law on Freedom of Establishment exempting start-up entrepreneurs...

OECD: New reports by Global Forum on Tax Transparency

August 27, 2013

The OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes has recently issued reports resulting from peer...

India: CBDT recommends furnishing of additional information to claim tax treaty benefits

August 27, 2013

India’s Central Board of Direct Taxes (CBDT) allotted Notification No. 57 of 2013 on 1st August 2013 and this notification will...

India: Criteria for manual selection of cases for transfer pricing audit

August 27, 2013

Instruction No. 10 of 2013 has been issued by the Central Board of Direct Taxes (“CBDT”) on 5th August 2013...

Hungary: amendment to transfer pricing documentation rules

August 27, 2013

The Ministry of Finance of Hungary issued an amendment of Decree No. 22/2009 related to transfer pricing documentation requirements. The...

Finland: Budget proposal for 2014

August 27, 2013

On 8 August 2013, the Finnish Ministry of Finance published its Budget proposals for 2014. All the proposals will be...

ECJ: Referral in respect of vendor reclassified as taxable person

August 27, 2013

The Romanian Court of Appeal has referred a question to the European Court of Justice (ECJ) in respect of a...

ECJ: Advocate General issues an opinion in a case concerning discounts given by a travel agent

August 27, 2013

The Advocate General of the ECJ has given an opinion in the case of Finanzamt Düsseldorf-Mitte v Ibero Tours GmBH....

China: Introduction of VAT on transportation charges

August 27, 2013

In China freight charges are now subject to a 6 percent value-added tax (VAT) rate.  The circular Cai Shui [2013]...

Canada – Amendments in foreign income verification statement

August 27, 2013

It has been officially confirmed by the Canada Revenue Agency (CRA) that the revised Form T1135 applies to tax years...

Brazil terminates Provisional Measure 612/2013

August 27, 2013

The measure to extend the presumed profit regime and make other relevant changes to the Brazilian tax law has been...

Australia wants to expand excise duty on tobacco

August 27, 2013

The Government of Australia wants to expand excise duty on tobacco to raise an additional A$5.3 billion ($4.7 billion) in...

Argentina – Mandatory online tax return system

August 27, 2013

From 1 August 2013 is has become compulsory for every Argentine taxpayers to use the online tax return system (SIFERE)...

South Africa: Revamped Shipping Tax Regime

August 1, 2013

The South African Revenue Service (SARS) released the draft Taxation Laws Amendment Bill, 2013 on July 14, 2013. The proposed...

Singapore and Barbados sign a new DTA

August 1, 2013

Singapore and Barbados signed their first income tax treaty On 15 July 2013.The provisions of the treaty generally follow the...