Posts by admin

Australia: Public disclosure of taxable income & tax payments

July 25, 2013

According to the provisions of legislation enacted in late June 2013, the Australian tax authorities will have to disclose publicly...

Argentina: New investment regime for the oil and gas industry

July 25, 2013

The Executive power of Argentina issued Decree N° 929/2013 to encourage investments in the oil and gas regime through new...

WTO: Global Review of Aid for Trade

July 21, 2013

The fourth global review of Aid for Trade was held between 8 and 10 July 2013. The closing remarks by...

Vietnam: Preferential customs treatment made more accessible

July 21, 2013

Under business policy in force in Vietnam since 2011 companies have had access to preferential customs treatment only if they...

Ukraine: penalty for failure to submit a controlled transaction report

July 21, 2013

From 1st September 2013, under the new transfer pricing law introduced in Ukraine, certain transactions between related and unrelated parties will...

UK: VAT changes for telecommunications, broadcasting and e-services

July 21, 2013

The UK tax authority HMRC has issued a briefing on changes to the VAT place of supply rules affecting telecommunications,...

Half-Year Tax Revenues Fall in Taiwan

July 21, 2013

Taiwan’s Ministry of Finance has announced a 5.2 percent fall in revenue in June 2013 due to a fall in...

South Africa: proposal to limit interest deductions involving cross-border related party debt

July 21, 2013

The South African National Treasury released proposed legislation, on 4 July 2013, that seeks to limit interest deductions relating to...

South Africa: E-Filing for Excise Duties

July 21, 2013

South Africa published Government Notice R.487 on 11 July 2013 providing for all excise accounts to be submitted on e-Filing with immediate...

South Africa Consults On Budget Tax Reform Bill

July 21, 2013

On 4 July 2013 the National Treasury published the 2013 draft Taxation Laws Amendment Bill (TLAB) and the Tax Administration...

Portugal: Madeira’s International Business Center regime transfer pricing deadline

July 21, 2013

Among other tax incentives, the new Madeira International Business Centre (MIBC) regime introduced by Portugal provides reduced corporate income tax...

Peru: Changes to transfer pricing documentation requirements

July 21, 2013

The Resolution 175-2013 of Peru sets out regulations concerning new transfer pricing documentation requirements which have become effective from 1...

New Zealand sets strategy for ASEAN Trade and Investment

July 21, 2013

As part of the new ASEAN strategy, New Zealand has made up an aspirant investment, trade and economic goals. Total...

Netherlands: Increased depreciation allowed for second half of 2013

July 21, 2013

In Netherlands an amendment to the depreciation rules is effective from 1 July 2013 allowing entrepreneurs to immediately deduct from...

Netherlands: Additional Bill on taxation of rental income passed

July 21, 2013

The additional Bill on the taxation of rental income for 2013 was published in the Official Gazette on 12 July...

Malaysia: Deduction for Acquisition of Foreign Owned Company Rules

July 21, 2013

The Income Tax (Deduction for Cost of Acquisition of Foreign Owned Company) Rules 2013 were published in the official gazette...

Italy: Approval of new nonresident forms for mitigation of withholding taxes

July 21, 2013

The Italian tax authorities released revised and updated versions of forms on 11 July 2013 which is to be used by...

India: Documentation rules for transactions with “notified jurisdictional areas”

July 21, 2013

Section 94A to the Income Tax Act, 1961 empowers the Indian Government to blacklist certain jurisdictions which do not effectively...