Posts by admin

Egypt: New Tax Law

June 2, 2013

A new tax law was signed by the Egyptian president on 21 May 2013. The new tax law cuts the...

UN: Expert Group Meeting on Extractive Industries Taxation

June 2, 2013

Revenue from minerals is one way in which a developing country can finance its national development and pursue social goals....

OECD report on Tax Administration for 2013

June 2, 2013

The document Tax Administration 2013 has been issued by the OECD Centre for Tax Policy and Administration. This report includes...

Korea: Foreign exchange profit taxable as dividend income

June 2, 2013

Korea’s high court has issued a judgment in a case where a taxpayer received an amount less than the principal...

Germany: Taxation of portfolio dividends; gain, loss on mergers

June 2, 2013

A new law concerning the taxation of portfolio dividends has been introduced in Germany. Also, some amendments to the tax...

Brazil: Increase in revenue limit to opt for presumed profit method

June 2, 2013

The government of Brazil has again increased the gross income limit for companies to opt for taxation under the presumed...

UN_ECOSOC meeting to discuss international tax issues

June 2, 2013

A meeting of the UN’s Economic and Social Council (ECOSOC) is to take place on 29 May 2013 to discuss...

OECD Approves Changes to Transfer Pricing Guidelines on Safe Harbours

June 2, 2013

The OECD has approved the amended section of the OECD transfer pricing guidelines concerning safe harbours. The draft revised guidelines...

India: Requirements For Transfer pricing’s “deemed international transaction”

May 22, 2013

India’s transfer pricing rules are designed to prevent the use of transfer prices between related enterprises to shift profits away...

Canada – Tax-related interest rates for 2014

May 22, 2013

It was announced by the Canada Revenue Agency (CRA) that tax-related interest rates for taxable credits and for tax overpayment...

Australia: Draft taxation determination on non-deductibility of support payments

May 22, 2013

The Australian Taxation Office (ATO) has discharged a draft Taxation Determination TD 2013/D3. The draft determination is appropriate to arrangements...

United States: IRS publishes quarterly list of individuals who have expatriated

May 16, 2013

The US Internal Revenue Service (IRS) has published a quarterly notice with a list of US citizens and long-term US...

UK: HMRC analyses data on tax schemes

May 16, 2013

The UK tax authority HMRC has received information indicating the extensive use of tax schemes to hide assets in overseas...

Norway : Tax Cut Plan for 2014

May 16, 2013

The Norwegian Prime Minister announced plans on 5 May 2013 for a modest tax cut for mainland businesses and for...

Canada: Reforming Temporary Foreign Worker program

May 16, 2013

Currently, Canadians have raised concerns about the Temporary Foreign Worker Program. A review of the Temporary Foreign Worker Program has...

Australia: Proposal to amend GAAR

May 16, 2013

The Australian government on 13th February 2013 introduced Tax Laws Amendment Bill 2013. According to Tax Laws Amendment Bill 2013,...

Ukraine: Draft Law amendments regarding the formation of a tax group

May 16, 2013

Draft Law No. 2737 introduces amendments regarding the formation of a tax group. On 5 April 2013, amendments to the...

Russia: Offering New Transfer Pricing Deadlines

May 16, 2013

The Russian government has sent Draft Law No. 79859-6, which offers to set new transfer pricing deadlines for taxpayers for...