Posts by admin

Hungary: VAT rate increases

September 19, 2011

The Hungarian VAT rate increases 2% to 27% and will be effective from 1 January 2012.  This will give Hungary...

Finland: Budget for 2012

September 19, 2011

Finland’s government unveiled details of its 2012 budget proposal on the 19 September 2011. The budget incorporated fiscal measures aimed...

Australia: Introduced Carbon tax bill

September 15, 2011

After months of controversy the Australian government has finally introduced the carbon tax bill into parliament. The legislation will be...

Switzerland Adjusts Tax Thresholds

September 15, 2011

Switzerland’s Federal Department of Finance (FDF) has adjusted the Confederation’s direct federal tax rates and deductions for the 2012 tax...

India-Uruguay: Signed DTA

September 12, 2011

The Government of India has signed an agreement with Uruguay for the avoidance of double taxation and the prevention of...

Budget bill is changed again in Italy

September 9, 2011

Instead of the previous 5% tax to be levied on annual personal incomes higher than EUR90,000 (USD126,300),  now people have...

Italy: VAT rate increases

September 8, 2011

The Italian Parliament has agreed to an emergency 1% rise of VAT from 17 September 2011. Though the rise was...

Double Taxation Convention Signed between UK and Hungary

September 7, 2011

A new and comprehensive Double Taxation Convention was signed between the UK and the Republic of Hungary in Budapest on...

Mineral resources rent tax demanded by an Indian state

September 6, 2011

Orissa has more than 35% of India’s iron ore reserves. Considering the potentially huge amount of money to be made...

Tax exemptions for oil and gas projects granted in China

September 6, 2011

Both onshore and offshore oil and gas drilling projects have been granted import duty and value-added tax exemptions by the...

India signs DTA with Georgia

September 2, 2011

The Indian government has signed an agreement for the avoidance of double taxation and the prevention of fiscal evasion with...

Switzerland Amends Bond Withholding Tax

August 29, 2011

On 29 August 2011 it was reported that changes in withholding tax should allow Swiss companies to issue their bonds...

France Disclosed 3% Tax on High Income Earners

August 29, 2011

Despite sluggish economic growth, as part of a package of fiscal measures to meet its ambitious deficit reduction targets, the...

France: Tax measures for 2011 year-end finance bills announced

August 29, 2011

The French Prime Minister announced some budget and tax measures that aim to reduce France’s deficit, on 24 August 2011...

Luxembourg and Hong Kong DTA Protocol Enters Into Force

August 26, 2011

On 26 August 2011 the Hong Kong government announced the coming into effect of the Protocol to the bilateral agreement...

TIEA between Guernsey and China entered into force

August 24, 2011

The tax information exchange agreement (TIEA) between Guernsey and the People’s Republic of China entered into force on August 17,...

VAT cuts on new houses in Spain

August 24, 2011

The Spanish government has announced to reduce the rate at which the sales tax is applied to the sale of...

Lower Corporate Taxes Committed by the South Korean Government

August 24, 2011

The Finance Ministry of South Korea agreed to the government’s long-standing plan to reduce corporate taxes from next year. The...