Posts by admin

Bolivia: Proposal to increase income tax for financial sector

February 25, 2017

The Finance Minister has announced a proposal on 7 February 2017 for rising income tax in the financial sector by...

Netherlands: Updated decree publishes on implication of participation exemption

February 23, 2017

Decree No. BLKB2016/803M dated 20 January 2017 has been published in Official Gazette No. 5003 on 23 February 2017 regarding...

Qatar: Draft law on selective tax on goods approved

February 20, 2017

The Finance Ministry has prepared the draft law in accordance with the GCC unified agreement for selective tax, and the...

UAE: Planning to introduce VAT by 2018

February 20, 2017

During the World Government Summit Ministry of Finance officials from the United Arab Emirates (UAE) announced they are to implement...

DTA between Macedonia (FYR) and UAE enters into force

February 20, 2017

The Income Tax Treaty of 2015 between Macedonia (FYR) and United Arab Emirates entered into force on 8th February 2017. The...

France: Amending Finance Act for 2016 adopted

February 20, 2017

The Amending Finance Law for 2016 was published in the Official Journal of 30 December 2016 after going through a...

Kazakhstan, Slovenia DTA enter into force

February 20, 2017

A Double Tax Agreement of 2016 between Kazakhstan and Slovenia has entered into force on 30th of December 2016. It...

Bolivia: Amendments in customs duties

February 19, 2017

Supreme Decree 3069 was published in the Official Gazette on 1 February 2017. The Decree changes the customs duties charged...

Chile: Tax Administration replies first query regarding GAAR

February 19, 2017

The Tax Administration has released Administrative Jurisprudence No. 261/2017 on 3rd February 2017 on its website. This addresses for the...

Brazil: MOF issues new threshold for automatic appeals

February 19, 2017

The Ministry of Finance (MOF) released a regulation 63/2017 (Portaria 63/2017) in the official journal on 10 February 2017. This...

TIEA between Chile and Uruguay enters into force

February 19, 2017

The Exchange of Information Agreement of 2014 between Chile and Uruguay entered into force on 4th August 2016 regarding tax matters...

Greece: Deadline for TP file submission for two investment projects extends

February 19, 2017

A press release has been published by the Finance Ministry on 16th February 2017. It states that the deadline for...

Puerto Rico clarifies withholding tax on payments for services rendered

February 18, 2017

The Department of Treasury issued Bulletin 17-02 on 3 February 2017 regarding payments received for services. These payments for services...

Switzerland: Tax Administration announces safe harbor inter-company interest rates for 2017

February 17, 2017

The Swiss Federal Tax Administration (SFTA) published safe harbor interest rates on intra-group loans in Swiss Franc as well as...

Saudi Arabia-Intergovernmental agreement to implement FATCA approved

February 16, 2017

The cabinet of Saudi Arabia officially approved the Intergovernmental Agreement (IGA) between Saudi Arabia (KSA) and the United States (US)...

Israel: Tax incentives on capital investment in hi-tech industry introduced

February 16, 2017

An amendment to the Law for the Encouragement of Capital Investments has been published by Israel on 29th December 2016,...

Turkey: Possibility of R&D and designing expenses deduction boosted

February 16, 2017

The regulation regarding the implementation and control of R&D and designing support was published in the Official Gazette on 14th...

Greece: Online application for filing tonnage tax returns of category A vessels issued

February 16, 2017

The Public Revenue Authority has published a press release regarding new online application for filing tonnage tax returns of category...