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Greece: Amendments to Income Tax Code, VAT Code and tonnage taxation

December 20, 2016

Three amendments to the law that amends the Income Tax Code, VAT Code and tonnage tax regime have been submitted...

Netherlands: Proposes withholding tax on profit distributions

December 20, 2016

The Deputy Minister of Finance presented a bill to the Parliament regarding to a proposal for changes to the tax...

Italy-Ministerial Decree published on statutory interest rate

December 20, 2016

The Ministry of Economy and Finance of Italy issued Ministerial Decree on 7 December 2016 which was published in the Official...

Georgia-Amendments to the Tax Code related to VAT rules

December 20, 2016

The government of Georgia submitted a draft law to the parliament on 5 December 2016 addressing certain amendments to the...

DTA between Chile and Japan approved

December 20, 2016

The Income Tax Agreement (2016) between Chile and Japan has been approved by the Chilean Senate on 14th December 2016...

DTA between Chile and Italy approved

December 20, 2016

The Income Tax Treaty (2015) between Chile and Italy has been approved by the Chilean Senate on 14th December 2016...

DTA between Chile and Czech Republic approved

December 20, 2016

An Income and Capital Tax Treaty (2015) between Chile and Czech Republic has been approved by Chilean Senate on 14th...

Canada: Income Tax Folio on capital dividends published

December 20, 2016

The Canada Revenue Agency (CRA) has published an Income Tax Folio on 15th December 2016 regarding capital dividends (S3-F2-C1). The...

Argentina: Income tax deduction allowance increased

December 20, 2016

An executive Branch’s Decree 1,253/2016 establishes a one-off ARS 15,000 increase in the individual income tax deduction allowance. It was...

Poland: Parliament approves bill to apply simplified accounting

December 20, 2016

The parliament approved a draft law which aims at facilitate business in Poland on 16 December 2016. Along with other...

OECD: Inclusive Framework holds regional meeting in Europe

December 18, 2016

On 14 to 16 December 2016 the OECD’s Inclusive Framework held a regional meeting for Eastern Europe and Central Asia....

Korea-Tax Bills for 2017 passed by the National Assembly

December 18, 2016

The Korean National Assembly passed the Tax Bills for 2017 on 2 December 2016 which was announced by the Ministry...

Portugal- Extension of the deadline for filing Country-by-Country reporting notification

December 18, 2016

The Secretary of State for Tax Affairs’ Office of Portugal published Decree no.254/2016-XXI (dated 12 December 2016) on 15 December...

Uruguay- DTA with Singapore approved

December 18, 2016

The Parliament of Uruguay accepted the treaty with Singapore for the avoidance of double taxation on 24 November 2016 through...

Italy- Senate approved the draft Budget Law for 2017

December 18, 2016

The draft Budget Law for 2017 was approved by the senate on 7 December 2016. As per the approved draft...

Hungary-Amendments to the Tax law amendments adopted by the parliament

December 18, 2016

The amendments to the Hungarian Tax Law submitted by the Minister of Economy of Hungary were accepted on 12 December...

New Zealand: New GST refund procedure

December 16, 2016

The Tax Administration Order 2016, which specifies that, goods and services tax (GST) refunds must be paid by direct credit...

Taiwan: Finance minister announces pension income

December 16, 2016

The Ministry of Finance declared modification to the amounts of exempt pension income in 2017 on 12 December 2016. The...