Posts by admin

Peru :Amendments to Transfer Pricing rules

January 10, 2017

In Peru, Law Decree No. 1312 was published on 31 December 2016. The Decree amended the existing Transfer pricing reporting...

Peru-FTA with Honduras entered into force

January 10, 2017

The Free Trade Agreement (FTA) between Peru and Honduras entered into force on 1 January 2017. The new trade agreement...

Argentina: New special CIT rate for gambling

January 10, 2017

Law 27,346 amends article 69 of the Income Tax Law (LIAG). It establishes a 41.5 per cent new proportional tax...

Philippines: New tax reform packages presented

January 10, 2017

The Department of Finance submitted tax reform packages to the Congress on 29th of September 2016. Under the tax reform...

DTA between Albania and Iceland enters into force

January 10, 2017

The Icelandic tax authorities announced the Albania – Iceland Income Tax Treaty of 2014 entered into force on 6 January...

Exchange of information agreement between Grenada and Switzerland enters into force

January 10, 2017

The Grenada – Switzerland Exchange of Information Agreement of 2015 entered into force on 21 December 2016 and the agreement...

Philippines passed national budget for 2017

January 10, 2017

The House of Representatives and the Senate has approved the National Budget for 2017 on 13 and 14 December 2016.

Slovenia: DTA between Slovenia and Morocco ratified

January 10, 2017

The Income Tax Treaty of 2016 between Morocco and Slovenia was ratified on 15th December 2016 by Slovenia and published...

Argentina: Tax modifications and VAT collection system enacted

January 10, 2017

Law No. 27,346 was enacted on 27th December 2016 by Argentina through publication in the Official Gazette. The Law makes...

Canada and Peru: Social Security Agreement enters into force

January 9, 2017

The Social Security Agreement between Canada and Peru will enter into force on 1st March 2017. It will be effective from...

Saudi Arabia-Circular on rules for determining Zakat and income tax liabilities for listed companies

January 9, 2017

The General Authorities for Zakat and Tax (GAZT) amended the determination procedure for the Zakat and income tax liability of...

Taiwan: Ministry of Finance issues amendment to guidelines on enterprise income tax audit

January 9, 2017

Ministry of Finance issued an amendment to the guidelines on Enterprise Income Tax Audit (EITAG) on 4 January 2017. According...

Nigeria: Finance Ministry issues amended regulation to reinstate WHT rate

January 9, 2017

The Finance Minister of Nigeria has issued amended regulations to increase the withholding tax (WHT) rate from 2.5% to 5%...

Azerbaijan: Published Amendments to Tax Code relatinged to withholding tax regime

January 8, 2017

In Azerbaijan, Law No. 454-VQD of 16 December 2016 (the Law) introducing certain amendments to the Tax Code has been published in...

Italy-published FTT return model

January 8, 2017

The Tax Authority of Italy, as the approval to the new financial transaction tax (FTT) return model published Protocol No.2169...

Protocol to the treaty between India and Singapore signed

January 8, 2017

An amending protocol to the India – Singapore Income Tax Treaty (1994) was signed on 30 December 2016. The treaty...

Azerbaijan-Published amendments to the Tax Code related to Transfer Pricing rules

January 8, 2017

The new amendments to the Azerbaijani Tax Code were published on 25 December 2016. The amendments introduced new Transfer Pricing...

Turkey: General Communiqué No. 11 on CIT Law gazetted

January 6, 2017

General Communiqué No. 11 regarding the Corporate Income Tax Law (Law No. 5520) was gazetted on 31st December 2016 and amends General Communiqué...