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Turkey and Malta sign new double taxation treaty

August 22, 2011

On 14 July 2011, the governments of Malta and Turkey signed a new income tax treaty for the avoidance of...

Income tax cuts suspended in Sweden

August 18, 2011

Due to the uncertainty surrounding the euro zone the Swedish government set aside on hold the planned tax cuts. According...

New transfer pricing form issued by Malaysia’s tax authority

August 17, 2011

Malaysia’s Inland Revenue Board (IRB) has issued a new form to collect information on transfer pricing compliance, and enforce transfer...

Transfer pricing gets intensive focus in Vietnam’s General Department of Taxation

August 15, 2011

During the late July 2011 Vietnam’s General Department of Taxation (GDT) and HCM tax authorities took several activities on transfer...

Indian coal mining industry faces tax hit

August 1, 2011

Indian draft Mines and Minerals (Development and Regulation) Act added  new provisions requiring non-coal mining companies to contribute 100% of...

UK-Belize Tax Information Exchange Agreement entered into force

August 1, 2011

From the 1 August 2011, a Tax Information Exchange Agreement between the UK and Belize entered into force. The agreement...

Tax rebate on cotton exports in India

July 29, 2011

Fall in both domestic and international prices of cotton led the Indian government to review the industry which has been...

DTA between India and Lithuania

July 28, 2011

In order to avoid the double taxation and prevention of fiscal evasion, an agreement and protocol has been announced by...

Propensity to increase tax revenue: Philippines parliament

July 27, 2011

Instead of enacting new laws, the Speaker of the Philippines House of Representatives, Feliciano Belmonte, urged to prioritize measures that...

Insurance and VAT exemptions are modified in Philippines

July 14, 2011

The Philippines Bureau of Internal Revenue (BIR) issued clarifications regarding the income tax deductibility of insurance contributions, and to the...

Australia:Proposal to reduce tax savings

July 13, 2011

Australian government has published a discussion paper on the proposal to reduce the taxation on the interest income on savings...

Tax Simplification Projects Announced in UK

July 13, 2011

In order to improve and simplify the tax system, the government of UK declared two new projects as part of...

Canada promotes fire-fighter tax credit

July 11, 2011

Canada’s Ministry for National Revenue has highlighted a new tax credit targeting volunteer fire-fighters. This is a part of their...

Canada: New tax credit highlights

July 7, 2011

In the recently reintroduced 2011 federal Budget the Canadian government has announced its new children’s arts tax credit. According to...

VAT Amnesty Launched in UK

July 7, 2011

UK is continuing its concentrated efforts to solve the issue of tax evasion. In this regard, UK is launching a...

UAE and Kenya Sign DTA

July 7, 2011

On 7 July 2011 it was reported that the United Arab Emirates Ministry of Finance has announced the signing of...

Italian business against VAT rate hikes

July 6, 2011

Rete Imprese Italia, representing artisans, traders, the tourist sector and other services in Italy, has emphasized to stop penalizing consumer...

France’s Draft Finance Act with 2011 Amendments

July 6, 2011

The French government has recently published the 2011 Amended Draft Finance Act. The significant changes to the legislation that may...