Posts by admin

UK: Corporation Tax Dodge Closed by UK Government

December 27, 2012

On 27 September 2012 it was reported that the British government has used new Targeted Anti-Avoidance Rules aimed at trade...

New Tax Reform Bill for Greece

December 23, 2012

On 14 December 2012, the Greek government submitted draft legislation to parliament to simplify the tax system. According to the new...

Norway: the amount of transfer pricing adjustments doubles

December 23, 2012

On June 22, 2012 the Norwegian tax authorities (Skatteetaten) announced total transfer pricing adjustments for 2012 of NOK 16.6 billion...

Slovakia and Kuwait sign a double taxation agreement

December 23, 2012

On November 14, 2012 the Kuwait Ministry of Finance announced that Slovakia and Kuwait have signed an agreement on eliminating double taxation...

Ukraine: Proposed amendments to the Tax Code

December 23, 2012

The following proposed tax rates will be increased:  excise tax, vehicle registration charges, payment for subsoil use (if with a...

Implementation of Malaysian thin capitalization has been deferred

December 23, 2012

The Ministry of Finance announced on 11 December 2012 that the implementation of the thin capitalization rules has been deferred...

Sweden: parliament approves the Budget for 2013

December 20, 2012

The Swedish parliament approved the Budget for 2013 on 5 December 2012 together with further tax measures, presented separately by...

Uganda: Budget for Financial Year 2012-13

December 19, 2012

The Ugandan budget for 2012-13 was presented by the Minister of Finance, Planning and Economic Development on 14 June 2012....

Tanzania: Budget for 2012-13

December 19, 2012

The Budget for 2012-2013 is generally effective from 1 July 2012. The key points of the Budget are summarized below:...

Income Tax Treaty between Poland and Singapore

December 19, 2012

Poland and Singapore signed an Income Tax Treaty on 4 November 2012. The treaty which is not yet in force...

New plan for tax exemption for Argentina

December 19, 2012

Argentina’s President Cristina Fernandez de Kirchner has taken some initiatives to increase the tax-exempt personal income tax threshold. According to...

Australia: New Transfer Pricing Rules

December 19, 2012

On 22 November 2012, an exposure draft  was released introducing new Australian transfer pricing rules with significant self assessment and...

Mexico’s 2013 Revenue Decree Postpones Corporate Rate Cut

December 19, 2012

It was reported on 19 December 2012 that the first Federal Revenue Decree issued by the Mexican government to cover...

Vietnam to Cut Corporate Tax Rates in 2014

December 17, 2012

It was reported on 17 December 2012 that the Ministry of Finance is to place a draft bill before the...

Swedish Budget 2013 proposes to cut corporate tax rate

December 17, 2012

The Budget for 2013 was presented to parliament on 20 September 2012. In the Budget Bill the government proposes the...

Portugal: Budget 2013

December 17, 2012

The Portuguese National Assembly has recently adopted the Budget 2013. Under the new measures there will be a reduction in...

New Income Tax Treaty between New Zealand and Japan

December 17, 2012

New Zealand and Japan have recently signed an Income Tax Treaty which will replace the existing Japan-New Zealand Income Tax...

Revised Tax Plan by Dutch Second Chamber

December 17, 2012

The Dutch government’s 2013 tax plan has been adopted by The Dutch Second Chamber, of fiscal measures including plans to...