Posts by admin

UK: Temporary Non-Residence Regulations 2013

August 1, 2013

A new statutory instrument SI 2013/1810 has been issued by the UK Government in relation to the temporary Non-Residents (Miscellaneous...

UK: Regulations for Annual tax on enveloped dwellings

August 1, 2013

A new statutory instrument named SI 2013/1844 has been issued by HMRC regarding the Annual Tax on Enveloped Dwellings (Returns)...

UK: HMRC guidance on creative industry tax relief

August 1, 2013

HMRC has issued guidance on access to the creative industry tax relief. In addition to Film Tax Relief introduced in...

Turkey: New e-invoice obligations

August 1, 2013

The Turkish VAT authorities have introduced a mandatory e-invoice system for all companies and individuals from September 1, 2013. An...

TIEA between Japan and Guernsey entered into force

August 1, 2013

The mutual ratification procedures  were completed for entry into force of the “Agreement between the Government of Japan and the...

Switzerland: Pay first tranche of tax on unrevealed assets

August 1, 2013

Switzerland has paid the UK tax authorities £258m in unpaid taxes on hidden assets representing the first tranche specified under...

Swiss Federal Tax Administration publishes instructions on tax agreements with Austria and UK

August 1, 2013

The Swiss Federal Tax Administration published on 16 July 2013, the latest version of the instructions on the agreements on...

Transfer Pricing Brief: July 2013

July 31, 2013

Australia TPA Rule– New subdivisions 815-B to 815-E ITAA 1997 was enacted on 2 July 2013. Brazil Applicable Methods– Updates on...

WTO: 2013 World Trade Report

July 28, 2013

The World Trade Report for 2013 issued by the World Trade Organization (WTO) emphasizes that the development of world trade...

UN releases handbook on selected issues in administration of tax treaties

July 28, 2013

The United Nations Handbook on selected issues in the administration of tax treaties was issued on 28 June 2013. This...

UK: Finance Act 2013 receives the Royal Assent

July 28, 2013

The 2013 Finance Act became law on 17 July 2013. The main provisions include a reduction of the corporate tax...

Treaty between Singapore and Barbados signed

July 28, 2013

On 15 July 2013, the Income Tax Treaty between Barbados and Singapore was signed, in Singapore. The treaty will enter into force...

India: Treaty between India and Uruguay enters into force

July 28, 2013

The Income and Capital Tax Treaty between India and Uruguay entered into force on 21 June 2013. The treaty generally applies from...

Singapore: planning changes on Exchange of Information regime

July 28, 2013

Ministry of Finance (MOF) of Singapore’s launched a public discussion regarding suggested modifications in the draft Income Tax (Amendment) Bill...

Russia: Variation in mineral tax rates

July 28, 2013

The upper chamber of Russian parliament approved draft Law No. 297807-6 on July 10, 2013 which changes the Federal Law...

Poland: Amendments on transfer pricing guidelines come into force

July 28, 2013

The amendment of the Transfer Pricing Ordinance was published in the Official Journal No. 768/2013 on 3 July 2013, in...

Philippines: New regulation on tax deduction in the event of failure to withhold tax

July 28, 2013

The Philippines issued Revenue Regulation 12-2013 (Rev. Reg. 12-2013) on 13 July 2013. Rev. Reg. 12-2013 is applicable to payments made...

OECD releases action plan on base erosion and profit shifting

July 28, 2013

Further to the previous work by the OECD in respect of base erosion and profit shifting and the consideration of...