Posts by admin

Poland: Decree on information regarding transfer pricing documentation

October 30, 2017

A decree on information to be included in statutory transfer pricing documentation concerning taxpayer transactions with related parties entered into...

Philippines: Government seizes illicit cases of cigarettes without tax stamps

October 30, 2017

According to the Department of Finance (DoF) The Bureau of Internal Revenue (BIR) and the National Bureau of Investigation (NBI)...

DTA between Jersey and UAE came into force

October 30, 2017

On 15 February 2017, the Double Taxation Agreement (DTA) between Jersey and United Arab Emirates was entered into force and...

Switzerland: Automatic Exchange of country-by-country reports enters into force

October 29, 2017

On 18th October 2017 during its meeting, the Federal Council decided to bring a law on the International Automatic Exchange...

Nigeria: Alert notice for smokers

October 29, 2017

The Youth Action on Tobacco Control and Health (YATCH), an NGO, has appreciated the Federal Government’s plan to increase tobacco...

New Zealand: The Council strengthens smokefree policy

October 29, 2017

Auckland Council has strengthened their Smokefree Policy to make all al fresco dining on footpath and Beaches areas smokefree. The...

OECD: Comments published on tax challenges of digitalisation

October 27, 2017

On 27 October 2017 the OECD published comments received on the tax challenges of digitalization. A request for input had...

OECD: Implementation guidance for VAT on cross-border sales

October 27, 2017

On 24 October 2017 the OECD issued new implementation guidance on collecting consumption taxes on cross-border sales. The document is...

Italy: Cabinet approves 2018 budget bill

October 25, 2017

The Council of Ministers of Italy approved the draft Budget Law for 2018 on 16 October 2017. The main tax...

Switzerland reduces e-book VAT

October 25, 2017

As of January 1, 2018, Switzerland is to reduce the value-added tax on e-books from 8% to 2.5%. This means...

Turkey: Revenue Administration publishes draft Communiqué 3 on APAs

October 25, 2017

The Revenue Administration published draft General Communiqué No. 3 on October 24, 2017 regarding transfer pricing. This provides amendments to...

Norway: Proposal to increase VAT rate

October 24, 2017

Norway has proposed to increase the reduced rate of VAT, as from 1 January 2018 by 10% to 12%. Reduced...

UAE: MoF still works with VAT regulations

October 23, 2017

The Ministry of Finance is still in the process of preparing the executive VAT regulation, in coordination with the concerned...

Netherlands: The new Dutch Government publishes Policy Paper

October 22, 2017

The new Dutch government published its Policy Paper on 10th October 2017. The paper highlights the policy of the new...

Portugal: Budget for 2018 presented to the Parliament

October 20, 2017

The Portuguese Budget Bill for 2018 was presented to the Parliament on 13 October 2017. The most important features of...

OECD: Report on peer reviews of preferential tax regimes

October 20, 2017

A report released by the OECD on 16 October 2017 noted that countries are dismantling or amending almost 100 preferential...

Kazakhstan: DTA signs with Croatia

October 19, 2017

On 12 October 2017, the Double Taxation Agreement (DTA) between Croatia and Kazakhstan was signed for the avoidance of double...

Turkey: Social Security Agreement signs with Poland

October 19, 2017

A Social Security Agreement was signed on October 17, 2017 between Turkey and Poland. The Treaty will enter into force...