Posts by admin

Nigeria: Tax implications for adopting IFRS

July 28, 2013

Under the IFRS regime, the circular proposes clarifications as to how specific assets, expenses, and income will be acted for...

New Tax Treaty between China and Netherlands

July 28, 2013

The People’s Republic of China and the Netherlands signed a new tax treaty on 31 March 2013, which is expected...

Netherlands: Guidance on application of bonus deprecation rules (2013)

July 28, 2013

The Dutch tax authorities have given a clarification and cases showing examples of the new rules on “free depreciation” (or...

Tax treaty signed between Malta and Macau

July 28, 2013

The governments of Malta and Macau recently signed an agreement to work together to prevent tax evasion and tax avoidance....

Luxembourg’s AIFM Directive-Bill adopted

July 25, 2013

The European Union’s Alternative Investment Fund Managers Directive has been amended by the draft legislation into Luxembourg law which was...

Japan: Changes in customs Valuation regulations

July 25, 2013

The customs valuation regulation has been changed in Japan. The valuation is based on the transaction value in line with...

India: Decision on benchmarking international transactions

July 25, 2013

Recently the Income Tax Appellate Tribunal (“ITAT”) provides their decision regarding “standard analysis that every international transaction will have to...

Income Tax Treaty between Philippines and Thailand

July 25, 2013

The governments of Philippines and Thailand signed a new Income Tax Treaty on 21 June 2013. After completing necessary ratification procedures...

Hong Kong: Continue to increase company registrations

July 25, 2013

The Hong Kong Special Administrative Region (SAR) operates as a separate tax jurisdiction from mainland China and retains popularity as...

China and Switzerland Free Trade Agreement signed

July 25, 2013

A bilateral free trade agreement was signed on 6 July 2013 between China and Switzerland in Beijing. It is expected...

France: Greater transfer pricing documentation burden on taxpayers

July 25, 2013

The government of France has introduced a new bill with an effort to prevent tax evasion. The bill is expected...

France: Carbon tax to be included in budget 2014

July 25, 2013

The committee for ecological taxation (CFE) of France emphasized that a carbon tax is an effective instrument to modify production...

France is looking to review transfer pricing provisions

July 25, 2013

A report published by the Inspectorate General for Finance (IGF) on 6 June indicates that France is looking to review...

France Begins Tax Break Simplification

July 25, 2013

The French Government has announced a number of tax simplification measures. The aim is to simplify administrative procedures in respect...

Malta and US FATCA negotiations oncluded

July 25, 2013

Recently negotiations concerning an Intergovernmental Agreement (IGA) relating to US FATCA regulations (FATCA) have been concluded between Malta and the...

ECJ: Decision on state aid and Finland’s tax loss carry forward rules

July 25, 2013

A case was brought before the European Court of Justice (ECJ) concerning the question of whether Finland’s rules for carrying...

EU: ECJ Rules on Denmark’s exit tax rules

July 25, 2013

The European Court of Justice (ECJ) on 18 July 2013 issued a decision in a case concerning Denmark’s exit tax....

Chile: Circular notifying transfer pricing changes

July 25, 2013

The Chilean Internal Revenue Service (IRS) has released Circular No. 29 on June 14, 2013 that includes instructions regarding the...