Posts by admin

Netherlands: New income tax allowances and tax rates for 2013 published

February 24, 2013

The 2013 income tax rates and allowances which apply at the BES Islands were published In the Official Gazette of...

Korean government releases revised tax reforms enforcement ordinance

February 24, 2013

The Ministry of Strategy and Finance (MOSF) on 17 January 2013 announced that the revised tax reforms enforcement decree would...

India: General Anti-Avoidance Rule For 2014

February 24, 2013

The General Anti –Avoidance Rule (GAAR) of India had been scheduled to be implemented from April 2014. After further consultation...

OECD: Treaty Relief and Compliance Enhancement (TRACE) system released

February 24, 2013

In 2006 the OECD’s Committee on Fiscal Affairs and the Business and Industry Advisory Committee (BIAC) set up an informal...

OECD invites comments on the draft International VAT Guidelines

February 24, 2013

The OECD has issued a draft consolidated version of the international VAT/GST Guidelines with an invitation for public comment on...

OECD publishes comments on the revised discussion draft on beneficial ownership

February 24, 2013

The OECD has published the comments received from interested parties on its revised proposals in respect of the meaning of...

OECD issues report on base erosion and profit shifting

February 24, 2013

A report on base erosion and profit shifting (BEPS) commissioned by the G-20 has been published by the Organization for...

OECD publishes comments received on the revised emissions trading discussion draft

February 24, 2013

On 19 October 2012 the OECD released a discussion draft on tax treaty issues relating to emissions permits and credits....

OECD publishes comments on permanent establishment discussion draft

February 24, 2013

The OECD has published comments received in respect of the revised discussion draft on proposed changes to Article 5 (permanent...

Tax treaty signed between Germany and Oman

February 17, 2013

A double taxation treaty between Germany and Oman was signed in Muscat on 15 August 2012. This follows the conclusion of...

New Tax fraud prevention Law enters into force in Spain

February 17, 2013

The new criminal code was introduced by Organic Law 7/2012, published in the Official Gazette on 28 December 2012. The...

Greece: New Transfer Pricing Documentation Rules

February 17, 2013

The Greek Parliament passed Income Tax amendments in January 2013 which changes to the transfer pricing provisions have been included....

Latvia –Mexico: Treaty enter into force

February 17, 2013

The treaty between Latvia and Mexico for the avoidance of double taxation which was signed on 20 April 2012 is...

Azerbaijan: Exemption of interest from individual income tax on savings deposits

February 17, 2013

The Parliament of Azerbaijan approved Law No. 542-IVD on 28 December 2012. According to this law interest paid on saving...

Croatia-Georgia:Double Tax Treaty signed

February 5, 2013

Croatia and Georgia signed a Double Taxation Agreement on January 18, 2013.

Philippines: Transfer Pricing Regulations

February 5, 2013

On 23 January 2013, the Philippines Secretary of Finance issued transfer pricing regulations (Revenue Regulation (RR) No. 02-2013). The regulations...

Portugal: New withholding tax rates

February 5, 2013

The Official Gazette of Portugal published Order 796-B/2013 of the Ministry of Finance on 14 January 2013. Order 796-B/2013 approved...

Ecuador: New transfer pricing reporting requirements

February 5, 2013

The Internal Revenue Service of Ecuador published Resolution NAC-DGERCGC13-00011 on 24 January 2013. Resolution NAC-DGERCGC13-00011 modifies Resolution NAC-DGER2008-0464 on transfer...