Posts by admin

Tanzania: Tax proposals for 2013 budget

June 18, 2013

The Tanzanian Budget for 2013 was presented to the National Assembly by the Minister of Finance and key changes made...

Romania: Corporate tax rate remain unchanged

June 18, 2013

The Prime Minister of Romania has confirmed that the country’s 16 percent flat rate of corporation tax will be kept...

Poland: Amendment on the Advance Pricing Agreements

June 18, 2013

Poland’s Ministry of Finance proposed changes on 11 June 2013 that might amend the provisions concerning advance pricing agreements (APAs)...

Kenya: Tax proposals in the 2013/14 budget

June 18, 2013

The National Assembly by the Cabinet Secretary to the National Treasury was presented the Budget for 2013-14 on 13 June...

India: Transfer Pricing Reporting Requirements

June 18, 2013

Recently India’s Central Board of Direct Taxes issued guidance that expands the transfer pricing reporting requirements of certain international transactions...

India: Extensive Guidance Note on APA

June 18, 2013

Recently the Central Board of Direct Taxes (CBDT) of India published a comprehensive APA Guidance Booklet concerning India’s advance pricing...

India: Listed price cannot be used under the Comparable Uncontrolled Price (CUP) method

June 18, 2013

In a recent decision, the Chennai Bench of the Income-tax Appellate Tribunal held that the list price on a manufacture’s...

France: IGF recommends strengthening control of transfer pricing

June 18, 2013

The French tax authorities released a report on 11 June 2013 regarding recommendations aimed at strengthening existing transfer pricing rules...

ECJ: Ruling on freedom of provision of services by banks

June 18, 2013

The European Court of Justice (ECJ) ruled on 6 June 2013 in Commission v Belgium (C-383/10) that Belgium had failed...

ECJ: Finland refers a question on VAT on electronic publications

June 18, 2013

The Supreme Administrative Court of Finland on 23 April 2013 asked for a ruling from the European Court of Justice...

Ukraine: Related-Party information returns to file with APA requests

June 11, 2013

The transfer pricing rules introduced by Ukraine from 1 January 2013 provide for the possibility of negotiating advance pricing agreements...

UK: Amendments to the tax treaty passport scheme

June 11, 2013

The tax treaty passport scheme was introduced from September 2010 to allow a simplified clearance scheme for taxpayers applying for...

UK: offshore employment intermediaries

June 11, 2013

A consultation document has been issued by the UK government proposing measures to deal with issues arising from the use...

UK: Consultation on loan relationships and derivative instruments

June 11, 2013

The original loan relationships rules issued by the UK government in the 1990s modernized the treatment of debt instruments by...

Spain: New forms and procedures to submit CIT tax returns approved

June 11, 2013

The Ministry of Economy and Finance has approved by Order HAP/864/2013 of 14 May 2013, the new forms, procedures and...

Slovenia: VAT rates increased

June 11, 2013

Amendments and supplements to the Act on the implementation of the Budget for the years 2013 and 2014 (the Act)...

Slovenia: Modified Corporate Income Tax Law proposed

June 11, 2013

The Ministry of Finance on 20 May 2013 published a draft law on modifications to the taxation of companies. The...

OECD: Revised Section E on Safe Harbours

June 11, 2013

The Organisation for Economic Co-operation and Development (OECD) Council approved the Revised Section E on safe Harbours in Chapter IV...