Posts by admin

Venezuela: Amendment to Income Tax Law published in official gazette

January 4, 2016

Under the Presidential Decree No. 2.163, an amendment to the Income Tax Law (ITL) was published in the Official Gazette...

Azerbaijan: Parliament Approves Tax Code Amendments to Introduce Excise Tax

January 3, 2016

Azerbaijan has introduced excise tax on precious metals, and set new tax rates for imported cars, imported yachts, and domestically...

UK: Amendment to provisions for farmers’ averaging of profits

December 31, 2015

A policy paper released by the UK government on 9 December confirms that legislation is to be included in the...

UK: Annual report on code of practice for banks

December 30, 2015

The Code of Practice on Taxation for Banks was published in December 2009. This voluntary Code of Practice was a...

Chile: IMF Working Paper considers impact of structural reforms

December 30, 2015

On 29 December 2015 the IMF published a Working Paper entitled Long-term Gain, Short-Term Pain: Assessing the Potential Impact of...

Sweden: IMF Working Paper considers effects of taxation on housing and debt

December 30, 2015

An IMF Working Paper published in December 2015 entitled Housing Price and Household Debt Interactions in Sweden makes some comments...

France: Abolition of add-back on dividends within tax-consolidated groups

December 30, 2015

An amendment was adopted by the National Assembly on 2 December 2015 to abolish the neutralization within tax consolidated groups...

ECJ Rules in Fiscale Eenheid case

December 29, 2015

On 9 December 2015 the European Court of Justice (ECJ) issued a decision in the case of Staatssecretaris van Financiën...

ECJ: Advocate General’s opinion in the Gemeente Borsele case

December 29, 2015

The Advocate General of the European Court of Justice (ECJ) has issued an opinion in the Gemeente Borsele case. This...

UK: Examples published to illustrate hybrid mismatch rules

December 29, 2015

On 22 December 2015 the UK published some examples as part of the guidance on the hybrid mismatch rules. The...

IMF: Working Paper looks at fiscal policy and institutions in Africa

December 29, 2015

The IMF has published a Working Paper entitled Exiting from fragility in sub-Saharan Africa: The role of fiscal policies and...

Pakistan: IMF comments on economic position

December 29, 2015

On 18 December 2015 the International Monetary Fund (IMF) issued a report on Pakistan’s economic position following its ninth review...

UK: Statistics for Creative Industries Tax Relief

December 29, 2015

The UK has published statistics relating to the claims made for creative industry tax relief. The statistics include data for...

Gabon: IMF comments on economic position

December 29, 2015

On 24 December 2015 the IMF issued a report following the conclusion of discussions with Gabon under Article IV of...

Ukraine: IMF Statement on the 2016 Budget

December 24, 2015

On 18 December 2015 the IMF issued a statement expressing concern that discussions in the Ukrainian parliament had effectively rejected...

Indonesia: IMF comments on fiscal position

December 24, 2015

The International Monetary Fund (IMF) has issued a report following the conclusion of discussions with Indonesia under Article IV of...

WTO: Ministers Agree Nairobi Package

December 24, 2015

A number of measures have been implemented by Ministerial Decisions issued at the Tenth Ministerial Conference of the World Trade...

US: Treasury and IRS Issued Proposed Regulations on Country-by-Country Reporting on 21 December 2015

December 24, 2015

The Internal Revenue Service (IRS) and the Treasury Department (Treasury) released proposed regulations (REG-109822-15) on country-by-country (CbC) reporting on 21...