Portugal implements EU Directive on Dispute Resolution

20 August, 2019

On 12 August 2019, the Portuguese Parliament has approved the bill to transpose Council Directive (EU) 2017/1852 of 10 October 2017, which includes measures to ensure effective resolution of disputes concerning the interpretation and

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Austria implements EU Directive on Dispute Resolution

29 July, 2019

On 22 July 2019, Austria has published the EU Financial Adjustment Act 2019 in the Official Gazette, which includes measures for the implementation Council Directive (EU) 2017/1852 of 10 October 2017. This includes rules to ensure effective

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World Bank approves grant to improve domestic revenue mobilization in Liberia

18 July, 2019

On 16 July 2019 the World Bank approved a grant to its International Development Association (IDA) to improve domestic revenue mobilization systems and strengthen financial control and accountability in public finances. The IDA provides grants and

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UK: Consultation on tax dispute resolution

04 July, 2019

On 2 July 2019 the UK government published for consultation draft Regulations to implement EU Council Directive 2017/1852 on tax dispute resolution mechanisms. Under the draft Regulations a stronger system of dispute resolution would be introduced

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EU: Investment protection agreement with Vietnam

23 October, 2018

On 17 October 2018 the European Commission adopted an investment protection agreement with Vietnam, at the same time as a free trade agreement. This paves the way for the final signature and conclusion of the investment protection agreement. Under

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OECD: Global Forum Issues Peer Review Reports

07 April, 2018

On 4 April 2018 the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes published peer review reports on nine countries. The reports assess the countries’ compliance with the agreed international standards in

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Pakistan and Hungary sign an agreement to promote economic cooperation

25 April, 2017

On 11 April 207, Pakistan and Hungary signed an agreement in Islamabad to enhance economic cooperation and trade ties in various areas including machine industry, electronics industry, food and agriculture, water management, environmental and energy

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Japan and Austria: Agreement in principle on tax arbitration

20 January, 2017

The Governments of Japan and Austria have agreed in principle to amend their double taxation avoidance agreement to further promote trade and investment between the two countries. The new agreement would enable arbitration under the mutual agreement

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Egypt: Parliament approves draft law on tax disputes resolution

20 September, 2016

The parliament approved a draft law on tax disputes resolution on 30 August 2016. The purpose of the law is to streamline the settlement of pending tax cases. The law covers ongoing tax disputes related to all types of taxes, including individual

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Denmark: Plans for the introduction of alternative dispute resolution for TP cases

03 May, 2016

The Minister of Taxation announced on 2 May 2016, for transfer pricing cases they are planning for the introduction of alternative dispute resolution (ADR) system. The introduction of ADR is considered essential in order to assurance that transfer

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OECD Holds Public Discussion on Dispute Resolution Mechanisms

26 January, 2015

On 23 January 2015 the OECD held a public discussion on action 14 of the base erosion and profit shifting (BEPS) action plan on how to make dispute resolution mechanisms more effective. The Chair of the Focus Group on Dispute Resolution presented to

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Economic Partnership Agreement between Japan and Australia enters into force

18 January, 2015

On January 15, 2015, the Japan-Australia Economic Partnership Agreement entered into force, opening up opportunities for increased trade and investment by Australia with Japan which is the third largest economy in the world and Australia’s second

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South Africa: SARS Issues Tax Dispute Resolution Guide

01 November, 2014

The South African Revenue Service has released a ‘Dispute Resolution Guide’ promulgated in terms of section 103 of the Tax Administration Act that was enacted on October 1, 2012. The guide confirms that when taxpayers are discontented by an

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EU-Ukraine Association Agreement Ready To Ratify

07 September, 2014

The technical preparation of the EU-Ukraine Association Agreement for its subsequent ratification by parliament will be completed in the near future, the Ukrainian Foreign Ministry has said. Both sides will progressively establish a free trade area

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France- Investment Protection Agreement with Colombia

22 July, 2014

The French-Colombian investment protection agreement was signed on 10 July 2014. The agreement will improve bilateral exchange. The agreement is expecting to give protection, clarity and a transparent legal framework for managing any capital

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Kazakhstan: Tax holiday rules for corporate investors

08 July, 2014

The president has signed Law No. 209-V on June 12, 2014 for initiating a tax holiday for corporate investors in the industrial innovation’s field and it will be effective from January 1, 2015. According to the law, the tax authorities may grant a

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Swiss Discuss Banking Sector Tax Disputes With The US

25 May, 2014

Recent discussions between the US and Switzerland have centered on a US tax dispute settlement program for category two, three, and four banks and the current US criminal investigations into category one banks that are domiciled in Switzerland. The

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EU and China sign mutual recognition agreement

25 May, 2014

A mutual recognition agreement signed by the EU and China is to simplify procedures and lower costs for many traders. The two sides agree to recognize their certified safe traders and to permit them to benefit from speedier controls and reduced

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