Posts by admin

Ireland: Finance Act 2013

April 11, 2013

The Irish Finance Bill 2013, which was published on 13 February 2013, was enacted on 27 March 2013 as the...

Colombia: Introduces Corporate Tax Reforms

April 11, 2013

The Colombian Government has introduced measures relating to corporate tax changes. For the purposes of corporate tax, it redefined the...

Australia: Publication of changes in Pension Taxation

April 11, 2013

The Australian government has published a plan for the tax exemption on pension earnings in superannuation accounts to be capped at...

Andorra signs a double tax treaty with France

April 11, 2013

A double tax treaty between France and Andorra was signed on 2 April 2013. No further details of the agreement...

Korea: Update on rules for application of arm’s length standard to head office–branch transactions

April 1, 2013

Korea’s Ministry of Strategy and Finance has issued new regulations to clarify the method for calculating domestic-source income from intra-company...

Finland: Government’s 3-Year Tax Plan

April 1, 2013

The Finnish government has formed a new 3-year spending plan to respond to the current decline in the Finnish economy....

China: Non-resident enterprises – tax collection in 2012

April 1, 2013

A report on statistics compiled by China’s State Administration of Taxation (SAT) indicates that the tax paid in 2012 by...

India: Guidelines for application of the profit split method

April 1, 2013

India’s Central Board of Direct Taxes (CBDT) has issued Circular No. 2 of 2013, setting out guidelines for application of...

Netherlands: Finance Minister clarifies aspects of international taxation

April 1, 2013

A letter to the Upper House of Parliament (Eerste Kamer) from the Dutch Finance Minister has presented clarifications of the...

OECD: study of taxation of wages

April 1, 2013

The OECD Centre for Tax Policy and Administration has published as a Taxation Working Paper a study entitled: “The average...

Sweden: Record number of taxpayers filing electronically

April 1, 2013

Online individual tax returns filing, or by text message or phone is available in Sweden. This offers advantages for taxpayers...

Treaty between Albania and United Kingdom signed

April 1, 2013

On 26 March 2013, Albania and the United Kingdom signed a Double Taxation Agreement. The agreement generally follows the provisions...

UK Finance Bill 2013 published

April 1, 2013

Following the Budget announcements on 20 March, the UK published the Finance Bill 2013 on 28 March 2013. The Bill...

Canada – 2013 budget announcements

March 27, 2013

The Canadian budget proposals for 2013 were announced on March 21, 2013. The proposals include measures to combat tax evasion...

Finland Plans to Cut Corporate Tax Rate in 2014

March 27, 2013

On 21 March 2013, the government of Finland announced that it had reached an agreement on its tax plans for...

OECD: Aggressive tax planning schemes based on after-tax hedging

March 27, 2013

On 13 March 2013 the OECD released a report entitled “Aggressive Tax Planning Based on After-Tax Hedging”. This report uses...

OECD: report on aid modalities for strengthening tax systems

March 27, 2013

An OECD report entitled “Tax and development: aid modalities for strengthening tax systems” was published on 11 March 2013. This...

Russia: Clarifications regarding the advance pricing agreements

March 27, 2013

The Ministry of Finance has released Letter 03-01-18/2676 on February 6, 2013 clarifying the procedure for concluding advance pricing agreements...