Posts by admin

Japan’s Government Agrees Plan for Consumption Tax Hikes

January 2, 2012

It was reported on 2 January 2012 that Japan’s Prime Minister has been able to fulfill his government’s target to...

Japan: Raise of consumption tax rate

December 31, 2011

It was published on 31 December 2011 that, the Japanese coalition government has put forward long awaited plans to raise...

UK: Latest Transfer Pricing Statistics Released

December 30, 2011

HM Revenue and Customs (HMRC) settled the UK’s Transfer Pricing rules such a way that the pricing of transactions between...

Settlement of Small Tax Debts by 120,000 Italians

December 29, 2011

120,000 taxpayers have taken the opportunity to settle their small tax debts with the Revenue Agency In accordance with the...

Budget deficit is shrinking in Canada

December 29, 2011

According to the latest Fiscal Monitor published by the Canadian Ministry of Finance the Canadian monthly budgetary deficit has fallen...

Reduced VAT in 2013 in Bulgaria

December 29, 2011

The Bulgarian government announced that it will reduce the nation’s value-added tax by 1% in 2013 with a target of...

Austria – Mulls wealth-related taxes in EUR10bn package

December 29, 2011

Austrian Chancellor Werner Faymann and Vice Chancellor Michael Spindelegger recently united on plans for a five-year budgetary consolidation package, amounting...

2012 Budget issued by the Japanese government

December 28, 2011

The Government of Japan has approved and submitted a JPY90.3 trillion budget for the next fiscal year, beginning on April...

“Save Italy” Budget is approved

December 27, 2011

The Italian government has finally approved the “Save Italy” budget with few modifications, except for those previously agreed by the...

Revised DTA between Germany and Switzerland entered into force

December 27, 2011

The revised double taxation agreement (DTA) between Switzerland and Germany has now entered into force following a recent exchange of...

Philippines: Increase in individual income tax revenue from 2012

December 27, 2011

In order to increase the collection of individual income tax by some 15%, the Philippines’ Bureau of Internal Revenue (BIR)...

TIEA between UK and Dominica in forced

December 25, 2011

A Tax Information Exchange Agreement between the United Kingdom and Dominica entered into force on 23 December 2011. The agreement...

Belgian Rules on import warehouse fiscal representatives

December 20, 2011

Thes European Court of Justice recently reviewed the VAT liability of fiscal representative to any VAT default by their clients. The Belgian VAT authorities...

2012 Budget has been restored by the French Deputies

December 20, 2011

In order to achieve its ambitious deficit reduction targets, the French National Assembly has essentially restored the initial bill proposed...

Canada: Corporate tax filing rules amended

December 19, 2011

The tax deferral rules are to be amended in Canada’s corporate partnership to extend the time available to companies to...

DTA with Taiwan has been recognized by Switzerland

December 16, 2011

Switzerland’s Federal Council has recently recognized the double taxation agreement (DTA) of October 8, 2007 with Chinese Taipei (Taiwan). The...

Luxembourg: Crisis contribution repealed

December 15, 2011

Draft law n°6350 on the State budget for 2012 has been voted by Parliament on 8 December 2011. Although a...

UK: VAT registration threshold drops for foreign businesses

December 11, 2011

Following a recent European Court of Justice Case, Schmez C 97/09, the Value Added Tax registration threshold for foreign businesses...