Posts by admin

Hungary: Advertisement tax rate increased

May 25, 2017

The Hungarian Parliament has approved an increase in the advertisement tax rate from 5.3 percent to 7.5 percent while overcoming...

Nigeria imposes additional 5% interest on tax defaulters from July 1

May 25, 2017

The Federal Government announced on 22 May 2017 that it would apply an additional 5 per cent charge from 1...

Hungary: CbC reporting requirements adopted

May 24, 2017

Hungary released a draft law on country-by-country (CbC) reporting on 10 March 2017 which became effective 15 May 2017. As...

UAE: DTA with Slovakia applies from January 1, 2018

May 21, 2017

The Double Tax Agreement (DTA) between United Arab Emirates and Slovak Republic was signed in 2015 and was come into...

Singapore: Cost-plus mark-up method for routine service provider companies

May 21, 2017

The Inland Revenue of Singapore has recently clarified its practice that allows service providers companies which provide “routine support services”...

Kenya: Finance Bill for 2017

May 20, 2017

The Cabinet Secretary (CS) has submitted the national budget to the National Treasury on 30 March 2017. The Finance Bill 2017 has been published...

Uzbekistan signs Decree PP-2971 to ratify amending DTA protocol with Kazakhstan

May 20, 2017

The President of Uzbekistan, Mr. Shavkat Mirziyoyev signed a Decree PP-2971 on 18th of May 2017 for ratifying the amending...

France: New tax plans by the newly elected president

May 20, 2017

French newly elected president has committed to reduce the corporate tax rate from current rate of 33.3% to 25% with...

Norway proposes changes to the earnings stripping rules

May 20, 2017

Norwegian Ministry of Finance has issued a discussion paper on 4th May 2017, that proposes changes to the earnings stripping...

Bulgaria: Government approves signing of MLI to implement tax treaty related BEPS measures

May 20, 2017

The Government on 17 May 2017, approved the signing by Bulgaria of the Multilateral Instrument (MLI) to implement into bilateral tax treaties...

Norway: Exemption from withholding tax applies

May 18, 2017

The tax authorities released a “binding advance ruling” (BFU / 17, 4 May 2017) regarding application of a domestic exemption...

Czech Republic: New withholding tax provisions

May 18, 2017

The Czech President signed some amendments to the Income Tax Act, which include the withholding tax (WHT) provisions. The amendments...

Czech Republic: Government approves signing of MLI to implement tax treaty related BEPS measures

May 18, 2017

The Czech Government recently approved the signing of the Multilateral Convention to implement into bilateral tax treaties the tax treaty-related...

Korea: Country-by-Country reporting requirements and transfer pricing rules updated

May 17, 2017

The Tax Authority of Korea introduced new forms for country-by-country (CbC) reporting and for the advance notification for recognizing the...

Singapore: IRAS launches public consultation on draft GST guide on customer accounting for prescribed goods

May 17, 2017

The Inland Revenue Authority of Singapore (IRAS) is engaging in a public consultation on the draft Goods and Services Tax...

Italy: Tax guidance clarifying patent box, R&D tax credit, business assets credit issued

May 15, 2017

The Italian Revenue on 9 March 2017 issued tax guidance, clarifying the Italian patent fund regime, the tax credit for...

New Zealand: Business organization endeavor progressive corporate tax

May 15, 2017

Small and medium measured organizations (SMEs) in New Zealand need the nation to change partnership charge in accordance with recent...

France: CbC reporting notification and filing obligation

May 15, 2017

The country reporting (CbC) obligation in France contains a notification according to which French companies subject to the notification obligation...