Posts by admin

UK: Impact of video games tax relief

July 20, 2017

Research has been conducted on behalf of HMRC to look at the impact of video games tax relief (VGTR) on...

Italy: Tax ruling on withholding tax exemption for foreign investments in real estate

July 20, 2017

The Tax Authority of Italy (Agenzia delle Entrate) has issued a tax ruling -Risoluzione n. 78/2017- on 27 June 2017....

Singapore – Agreement for automatic exchange of financial account information with Guernsey superseded

July 20, 2017

The competent authority agreement between Singapore and Guernsey for the exchange of financial account information with Singapore signed on 7...

Canada: Trudeau cautious on renegotiating NAFTA

July 20, 2017

The Canadian Prime Minister, Justin Trudeau met with Wisconsin Gov., Scott Walker at the National Governors Association meeting on 14...

Canada and EU: CETA agreement to enter into force

July 20, 2017

Recently the Prime Minister of Canada and the European Commission announced that they were agreed that the Canada-European Union Comprehensive...

Thailand: Consultation process of the draft Transfer Pricing rules

July 19, 2017

The Revenue Department of Thailand is requesting public comments with respect to the Draft Transfer Pricing Rules which were approved...

Brazil: Tax authority issues a ruling on tax rates for reinsurers

July 19, 2017

The tax authority of Brazil has issued COSIT Consultation Response no. 62/2017 (Solução de Consulta n. 62/2017) setting out views of the...

UAE: DTA signed with Cameroon

July 19, 2017

An income and capital tax treaty was signed on 15th of July 2017 by the United Arab Emirates (UAE) and...

Croatia: Finance Minister signs a DTA with UAE

July 19, 2017

The Croatian Prime Minister, Andrej Plenkovic, made a visit on 13th of July 2017 to meet the United Arab Emirates...

Korea: Recent developments on corporate taxation

July 18, 2017

With the aim of encouraging the development of new growth-engine industries, reinforcing employment-friendly tax schemes, and facilitating corporate restructuring, a...

Saudi Arabia: Shura Council approves VAT Law

July 18, 2017

Saudi Arabia’s Shura Council has approved the proposed VAT Law on 13 July 2017. The approval follows the launch of...

Estonia: key changes to corporate income tax rules enacted

July 18, 2017

The Estonian Minister of Finance submitted the Bill on Amendments to the Income Tax Act (the bill) for consultation on...

Croatia: Marija Pejčinović Burić signed a DTA with UAE

July 18, 2017

The Deputy Prime Minister and Minister of Foreign and European Affairs of Croatia, Marija Pejčinović Burić, made a visit on...

IMF issues report on economic position of Vietnam

July 17, 2017

On 5 June 2017 the IMF issued a report following the completion of discussions with Vietnam under Article IV of...

IMF deputy managing director comments on tax and economic growth in Asia

July 17, 2017

On 12 July 2017 the IMF Deputy Managing Director Mitsuhiro Furusawa, speaking in Indonesia, commented on the importance of international...

France: Planning to remove CICE Tax Credit

July 17, 2017

With the aim of creating a more business friendly environment, the French Government is planning to remove the competitiveness and...

Romania: Planning progressive Income Tax

July 17, 2017

The Government of Romania is planning to replace the flat tax on corporate income with a tax on turnover and...

France: list of cooperating jurisdictions on CbC reporting requirement published

July 16, 2017

A list of jurisdictions that have introduced Country-by-Country reporting requirements and have concluded a competent authority agreement on the automatic...