Posts by admin

Argentina: Tax reform approved

December 14, 2016

The lower house of the Federal Congress has passed a tax reform on 6th December 2016. The most relevant provisions...

Montenegro: Lump-sum taxation of business and professional income

December 13, 2016

The Tax Administration published a declaration reminding taxpayers of the likelihood of lump-sum taxation of business and professional income under...

Taiwan: Individual income tax rates for 2017

December 13, 2016

The Ministry of Finance declared the allowances, normal inferences, the particular deduction for salary and wages, as well as the...

Croatia: Tax reform package has been gazetted

December 13, 2016

The amendments to the Corporate Income Tax Law, Individual Income Tax Law, and VAT law has been gazetted on 12th...

Czech Republic: Proposed VAT rate change for magazines and newspapers

December 12, 2016

The parliament has approved a change of the VAT rate for newspapers and magazines on 9th November 2016 in which...

Singapore- Implementation of common reporting standard (CRS) and related guidance issued

December 12, 2016

In Singapore, the Income Tax Regulations of 2016 (dated 8 December 2016) incorporated the obligations of the common reporting standard...

Exchange of letters to DTA between Morocco and Spain entered into force

December 12, 2016

The exchange of letters to the Morocco – Spain Income and Capital Tax Treaty (1978) has been entered into force on...

DTA between Morocco and Zambia initialed

December 12, 2016

An Income Tax Treaty between Morocco and Zambia has been initialed on 9th December 2016 in Lusaka for avoiding double...

Greece: Budget 2017 has been passed

December 12, 2016

The final draft Budget 2017 has been voted and passed on 10th December 2016 and it was submitted to the...

Saudi Arabia-new requirements regarding tax and zakat returns of Saudi listed companies

December 11, 2016

The General Authority for Zakat and Tax (GAZT) of Saudi Arabia published Circular Number 6768/16/1438 (the Circular) on 4 December...

Singapore: Competent authority agreement on automatic exchange of information agreement with Netherlands signed

December 11, 2016

The Singapore – Netherlands Competent Authority Agreement on Automatic Exchange of Information (2016) was signed on 24 November 2016. The...

UK: New tax measures announced in autumn statement

December 10, 2016

The autumn statement delivered by the Chancellor on 23 November 2016 provided for new tax measures, many of which will...

Hungary-amendments to the Tax Law submitted to the parliament

December 10, 2016

The Tax amendments announced by the Minister of Economy of Hungary were submitted to the parliament on 5 December 2016....

DTA between Romania and UAE enters into force

December 10, 2016

The Income Tax Treaty (2015) between Romania and United Arab Emirates (UAE) will be entered into force on 11th December...

Mexico: Miscellaneous tax resolution for 2017

December 10, 2016

The Tax Administration Service released the draft rules including in the Miscellaneous Tax Resolution for 2017 (RMF 2017) on its...

Canada: CRA updates a publication about non-Resident tax withholding and remitting

December 9, 2016

The Canada Revenue Agency (CRA) has updated its publication, T4061 NR4 entitled ‘Non-Resident Tax Withholding, Remitting, and Reporting 2016’ on...

Bulgaria: Amendments to Personal Income Tax Act has been gazetted

December 8, 2016

The amendments to the Personal Income Tax Act has been published in the Official Gazette on 6th December 2016 and...

Bulgaria: Amendments to VAT has been gazetted

December 8, 2016

The amendments to the Value Added Tax (VAT) Act has been published in the State Gazette on 6th December 2016....