Posts by admin

Kazakhstan: IMF report comments on economic and fiscal position

November 25, 2015

The IMF staff issued a report on the conclusion of discussions in Kazakhstan under Article IV of the IMF’s articles...

UK: Autumn Statement Includes Measures Effective from 25 November 2015

November 25, 2015

The Chancellor of the Exchequer delivered his Autumn Statement to Parliament on 25 November 2015. The measures with immediate effect...

Uruguay-Decree and Resolution published on new tax benefits for investments in electronic invoicing systems

November 25, 2015

The Ministry of Economy and Finance of Uruguay issued Decree No. 274/2015 which was published in the Official Gazette on...

Luxembourg: Circular on Reduction of Net Worth Tax

November 25, 2015

The Luxembourg administration for direct taxes published Circular on 19 November 2015 regarding the reduction of the net worth tax....

Israel signs convention and protocol in tax matters

November 25, 2015

Israel joined the Multilateral Convention on Mutual Administrative Assistance in Tax Matters on 24th November 2015. The Convention came into existence  on 25th January...

Italy: Draft Budget Law for 2016 Considered in Parliament

November 25, 2015

The Italian draft budget law for 2016 is currently under discussion. It is expected to be approved by 31 December...

Mexico: The tax reform package for 2016 published in the Official Gazette

November 25, 2015

Mexico published the tax reform package for 2016 including amended Federal Tax Code and Income Tax Law in the Official...

OECD: Institutions of Intergovernmental Fiscal Relations

November 24, 2015

A new publication in the series of OECD Fiscal Federalism Studies was issued on 18 November 2015 dealing with institutions...

OECD: Mutual Agreement Procedure Statistics for 2014

November 24, 2015

On 24 November 2015 the OECD released the statistics on the Mutual Agreement Procedure (MAP) for the 2014 reporting period....

OECD: Latin America and Caribbean Countries Discuss BEPS

November 24, 2015

A regional meeting was held in Costa Rica on 17 and 18 November 2015 to discuss the outcomes of the...

UK: Finance (No 2) Act 2015 Receives Royal Assent

November 24, 2015

The Finance (No. 2) Act 2015 received the Royal Assent on 18 November 2015. The Act provides that the basic,...

Russia: FATCA compliance for national banks

November 24, 2015

The Central Bank of Russia has published a letter No. 12­4­5/2568 on 13th November 2015 for describing the process of...

DTA between South Africa and UAE signed

November 23, 2015

A tax treaty between South Africa and United Arab Emirates has been signed on 23rd November 2015 in Pretoria.

Czech Republic: Ministry of Finance holds conference on countering tax evasion

November 23, 2015

The Finance Ministry held a conference on 18th November 2015 regarding tax evasion and measures taken to counter it. It...

Israel: Draft amendment to the ITO published for public comments

November 23, 2015

The Finance Ministry has published a draft amendment to the Income Tax Ordinance (ITO) on 22nd November 2015 for public...

IMF reports on economic and fiscal policy of Bangladesh

November 21, 2015

On 17 November 2015 the IMF issued a report following the completion of discussions with Bangladesh under Article IV of...

UK: Autumn Statement May Include Measures to Combat Tax Avoidance

November 21, 2015

On 25 November 2015 the UK Chancellor of the Exchequer is to announce fiscal measures for 2016/17 in the annual...

Finland: IMF comments on economic and fiscal policy

November 20, 2015

On 11 November 2015 the IMF completed its consultations with Finland under Article IV of its articles of agreement. The...