Posts by admin

Ecuador: Minimum monthly salary

January 20, 2013

The minimum monthly salary of Ecuador has been set to USD 318 by the Ministerial Decree 00215/2012 of the Minister...

Brazil to increase monthly minimum salary

January 20, 2013

Brazil’s government will raise the minimum monthly salary by 9% in 2013. The Official Gazette of 26 December 2012 published...

Tax amendments of Indonesia to be introduced in 2013

January 20, 2013

Number of tax amendments has been made to the tax system of Indonesia which will be introduced in 2013. One...

Vietnam: to cut CIT rate in 2014

January 6, 2013

The Ministry of Finance of Vietnam allotted a draft revision to the Law on Corporate Income Taxation on 12 December...

Nigeria introduced new TP regulations

January 6, 2013

Nigeria has announced new Transfer Pricing Regulations on October 22, 2012. This will be applicable retroactively to August 2, 2012....

Mexico: Budget for 2013 has been approved

January 6, 2013

Congress has approved the Budget for 2013 and published in the Official Gazette on 13 December 2012. In new budget some...

Income tax treaty between Portugal and Georgia

January 6, 2013

Georgia and Portugal signed an income tax treaty on 21 December 2012.

Colombian Congress Approves Tax Reform

January 6, 2013

New Colombian tax rules have come into effect from 1 January 2013. Purpose behind this tax reform was to decrease...

Amendments to Azerbaijani Tax Code

January 6, 2013

The Azerbaijani parliament adopted a draft law on amendments to the Tax Code on 21 December 2012, these came into...

Canada: CRA issues transfer pricing memoranda

January 6, 2013

The Canada Revenue Agency (CRA) has to follow the OECD Guidelines when performing transfer pricing audits.  Two new transfer pricing...

Income and Capital Tax Treaty between Saudi Arabia and Ukraine

January 3, 2013

To build tax cooperation, Saudi Arabia and Ukraine signed an Income and Capital Tax Treaty on 2 September 2011 which...

Treaty between Georgia and Slovenia signed

January 3, 2013

Georgia and Slovenia signed an Income and Capital Tax Treaty on 7 December 2012.

Hong Kong and Canada sign DTA

January 3, 2013

An extensive double taxation agreement between the Government of Canada and the Government of the Hong Kong was signed on...

DTA between Taiwan – Germany Enters Into Force

January 3, 2013

The double taxation agreement (DTA) between Taiwan and Germany entered into force on November 7, 2012.  The treaty will be...

Treaty between China (People’s Rep.) and Japan applies to new Japanese taxes

January 3, 2013

The State Administration of Taxation (SAT) stated in Gong Gao [2012] No.49, that, Chinese and Japanese tax authorities have agreed...

Double Tax Agreement between Germany and Liechtenstein

January 3, 2013

Liechtenstein and Germany signed a bilateral double taxation agreement on 2011. The treaty will become effective from 1 January 2013. As...

Denmark: New Anti-Avoidance rule approved by parliament

January 3, 2013

The Danish Ministry of Taxation approved the Bill on 14 December 2012 relating anti-avoidance rules about withholding tax on dividends....

The  Czech Republic and Denmark Income Tax Treaty enters into force

January 3, 2013

The Czech Republic and Denmark signed an Income Tax Agreement on 22 December 2012.The treaty will be applicable from 1 January...