Posts by admin

UK Blocks Tax Avoidance Scheme

February 28, 2012

On 28 February 2012 it was reported that the UK has taken steps to close what it calls two highly...

China to pursue tax reforms

February 20, 2012

According to a statement by China’s State Council, after a meeting chaired by Premier Wen Jiabao, the government promised to...

Ireland Unveils New Tax Incentives

February 17, 2012

On 17 February 2012 it was reported that tax reform features heavily in Ireland’s new Action Plan for Jobs, a...

China’s Tax Revenues Rise in 2011

February 16, 2012

Recently released final figures from China’s Ministry of Finance show that, in 2011, its tax revenue reached a total of...

Thailand Increases Bank Tax

February 16, 2012

From July 31, 2012, all banks in Thailand will have to pay an increased levy to help fund the public...

Russia- Introduces new Transfer Pricing Rules

February 12, 2012

New Federal Law FZ-227 of 18 July 2011 which enacted comprehensive transfer pricing rules entered into force on 1 January...

US: IRS has new online tool for “Lower-Paid Taxpayers”

February 8, 2012

As part of its effort to improve service to taxpayers, the United States Internal Revenue Service (IRS) has announced the...

FTA between Peru and Mexico Comes Into Force

February 3, 2012

An updated free trade agreement (FTA) between Peru and Mexico, which extends preferences to 12,000 tariff lines, entered into force...

Hong Kong Reduces Taxes to Support Growth

February 2, 2012

On 2 February 2012 Hong Kong’s Financial Secretary unveiled a 2012/13 Budget which proposes a wide range of tax concessions...

Italy- Tax Court Renders Decision on “Best Method” Rule

February 1, 2012

Recently Italy’s Regional Tax Court of Lazio has given an important decision regarding the selection of methods for determining inter-company...

Advanced Pricing Agreement Guidelines published in Russia

January 31, 2012

On January 31 2012 it has been published that, the Russian Federal Tax Service published a letter No.ОА-4-13/85 “On Conclusion...

Malta Signs TIEA with Gibraltar

January 27, 2012

On 27 January 2012 it was reported that Malta has welcomed the signing of a Tax Information Exchange Agreement (TIEA)...

France Eyes Tougher Tax Evasion Sanctions

January 25, 2012

It was reported on 25 January 2012 that the, French finance ministry aims to toughen existing sanctions applied in the...

Indian Service Tax regime will change from 1 July 2012

January 12, 2012

The Indian Service Tax regime will change from 1 July 2012. Currently, Service Tax, part of the Indian VAT CENVAT regime, is charged...

Argentina: Import Taxes on Luxury Vehicles are increased

January 11, 2012

To support its domestic car manufacturing industry the Argentine government has announced a change to the country’s customs duty regime...

Lithuania- APA

January 10, 2012

The amendment to the Tax Administration Law applicable from 1 January 2012, enables taxpayers to apply for advance transfer pricing...

France to Hike VAT

January 6, 2012

The French President announced on January 3, 2012 that his government will hike value-added tax before the upcoming elections, to...

DTA between Taiwan and Germany Signd

January 3, 2012

Taiwan’s Ministry of Foreign Affairs announced on 3 January 2012 that Taiwan and Germany have signed a bilateral double taxation...