Posts by admin

Lithuania: Introduces new immovable Property Tax rates for 2013

February 5, 2013

Lithuanian new immovable property tax rates were introduced by the municipalities from 1 January 2013. The new rates vary from...

Slovakia: Amendments to the Income Tax Act

February 5, 2013

Slovakia’s Parliament has passed legislation raising corporate and personal taxes from the beginning of 2013. The rate of corporate income...

Treaty between Liechtenstein and United Kingdom enters into force

February 5, 2013

The first Double Taxation Convention between the UK and Liechtenstein entered into force on 19 December 2012, which was signed...

Treaty between Barbados and United Kingdom enters into force

February 5, 2013

The Double Taxation Agreement between Barbados and the United Kingdom entered into force on 19 December 2012 which was signed in...

Tax treaty between Hong Kong and Italy has been signed

February 5, 2013

Hong Kong has signed an agreement on 14 January 2013 with Italy for the avoidance of double taxation and the...

Pakistan: the FBR issues a Circular clarifying withholding tax provisions

February 5, 2013

The Pakistan Income Tax Ordinance 2001 (ITO) was amended by Finance Act 2012 to consolidate all withholding tax provisions regarding...

China and Ethiopia income tax treaty enters into force

February 5, 2013

The income tax treaty between China and Ethiopia, which was signed on 14 May 2009, entered into force on 25...

Important tax amendments in Greece in 2013

January 24, 2013

A very important tax amendment has been passed by Greece’s Parliament regarding income and corporate tax. In the new tax...

New Tax Breaks for SMEs in Thailand

January 24, 2013

The government of Thailand has reduced the corporate tax rate from 23% to 20% this year. No further help will...

New Swiss tax assistance law in effect

January 24, 2013

The Swiss Federal Council has announced that the new Tax Administrative Assistance Act (TAAA) will come into force on 1...

Malta: Taxation of directors’ fees clarified

January 24, 2013

The tax authority of Malta clarifies the tax treatment of fees received by non-resident directors from companies resident in Malta....

Malaysia has passed the budget for 2013

January 24, 2013

The Government of Malaysia has passed the Budget for 2013, on 10 January as the Finance Act 2013.

Colombian Tax Reform

January 24, 2013

The Colombian tax system is reformed by the Law No. 1607 of 2012 and it took effect from 2013. The...

Brazil: Withholding Tax Changes on Profit-Sharing Payments

January 24, 2013

Provisional Measure No 597 of December 26, 2012 came into effect on 1 January 2013.This introduces a new regime for...

Treaty between Finland and Cyprus signed

January 21, 2013

Finland and Cyprus signed an agreement on 15 November 2012 in Nicosia for the avoidance of double taxation, with both...

Spain’s Budget for 2013

January 21, 2013

The Spanish Government approved the Budget for 2013 as law 17/2012 on 28 December 2012. The Law generally applies from...

Peru and Portugal signed a DTA

January 21, 2013

Peru and Portugal signed an agreement on 19 November 2012 to avoid double taxation and prevent fiscal evasion. No further...

Malaysia: Gazette publishes regarding tax deduction at source

January 20, 2013

Monthly tax deduction at source by the employer on income from employment has been published as gazette on 27 December...