Canada: The province budget 2017 for Quebec delivered
The Finance Minister and the Economy of Quebec presented the province budget 2017 on 28th March 2017. It provides for no changes in income taxes, taxes or rates. The main tax amendments contained in the budget include the tax burden reduction in
See MorePGA Highlights: March 2017
In the United States the following events have taken place under the several PGA during the month of March 2017. Agencies Summary Federal Register Importing lemons from Northwest Argentina: The Animal and Plant Health Inspection Service
See MoreJersey: Inviting comments for proposed new tax penalties
A public consultation has been announced on 27th March 2017 by the Treasury and Resources department to request comments on proposed new tax penalties. The Taxes Office is asking for public views on proposed new financial penalties. This would be
See MorePoland: Important tax changes for 2017
A number of major tax changes have been introduced as of 1 January 2017. The changes are given below: Personal income tax: Personal income tax has a major change on the tax-free amount that is based on the tax base. In accordance with the new
See MoreBulgaria: Proposed bill about CbC reporting requirements published
The Finance Ministry has published a revised draft bill on 21st March 2017 that amends the Tax and Social Security Procedure Code (TSSPC) with regard to the new country-by-country (CbC) reporting requirements. It is proposed that the amendments will
See MoreNetherlands releases explanation on dividend withholding tax exemption for exempt companies
The Dutch Tax and Customs Administration has issued an explanation on 30 March 2017 regarding dividend withholding tax exemption for exempt companies. According to the explanation domestic and foreign entities which are exempt from corporate income
See MoreDealmaking in Central & Eastern European Real Estate
Investing, Developing, and Leasing in Central & Eastern Europe A two-hour webinar, May 9, 2017, from 11am -1pm NYC time Sponsored by Emerging and Frontier Markets Association This webinar will not only cover investing in
See MoreCanada: The Province Budget 2017-18 for Saskatchewan issued
The Minister of Finance has presented the province’s fiscal 2017–18 budget for Saskatchewan on 22nd March 2017. This budget meets the challenge the Government of Saskatchewan is facing by controlling and reducing spending, modernizing and
See MoreIceland updates regulation on CbC reporting
The Ministry of Finance and Economic Affairs issued Regulation No. 245/2017 amending Regulation No. 1166/2016 regarding country-by-country (CbC) reporting on 24 March 2017. The amendment aligns the wording of article 4 of the model provision related
See MoreTIEA between Anguilla and New Zealand enters into force
The Anguilla - New Zealand Exchange of Information Agreement (TIEA) of 2009 has been entered into force on 6th January 2017 regarding tax matters. The TIEA will be applicable from 1st April
See MoreTax agreements between British Virgin Islands and New Zealand enter into force
The two tax related agreements between the British Virgin Islands and New Zealand was signed on 14 August 2009 and it has been entered into force on 23 December 2016. The effective dates are given below: The British Virgin Islands - New Zealand
See MoreTIEA between New Zealand and Vanuatu enters into force
The New Zealand - Vanuatu Exchange of Information Agreement (TIEA) of 2010 has been entered into force on 27 October 2016 regarding tax matters. Generally the agreement applies from 1 January
See MoreTIEA between New Zealand and Turks and Caicos Islands enters into force
The New Zealand - Turks and Caicos Islands Exchange of Information Agreement (TIEA) of 2009 has been entered into force on 23 December 2016 regarding tax matters. The TIEA will be applicable from 1st April
See MoreTIEA between New Zealand and St. Vincent and the Grenadines enters into force
The New Zealand - St. Vincent and the Grenadines Exchange of Information Agreement (TIEA) of 2010 has been entered into force on 17 October 2016 regarding tax matters. Generally the agreement applies from 1 January
See MoreUAE: Information regarding proposed VAT regime reveals
The Finance Ministry (MoF) presented a value added tax (VAT) briefing session for advisors on 21st March 2017. The session expected to send a message to the market that VAT is approaching and businesses must start to prepare immediately. The
See MoreCanada: The Federal Budget 2017 announced
The Canadian government presented the 2017 federal budget on 22nd March 2017 in Ottawa. The main highlighting points of this budget are given below: The budget dedicates $11.2 billion to cities and provinces for affordable housing over 10 years
See MoreNigeria: Proposal in tax policy measures published
The Economic Growth and Recovery Plan for 2017 to 2020 has been published on 7th March 2017 by the Ministry of Budget and Economic Planning. It made a proposal on VAT rate in case of luxury goods increases to 15% from 5% and it will effect from
See MoreNetherlands amendments to bill on country-by-country reporting
The State Secretary for Finance has submitted an amended bill to the lower house of the parliament regarding country-by-country reporting on 21 March 2017. The bill implementing Council Directive (EU) 2016/881 of 25 May 2016 amending Directive
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