Brazil: Tax Rules Revised
The Ministry of Finance released Ordinance No. 488/14 reducing the maximum income tax rate for categorization of a tax regime as a privileged tax regime from 20% to 17%. This tax rate was effective from November 2014. Accordance to the Ordinance,
See MoreThe Tax Information Exchange Agreement (TIEA) between Italy and Jersey Enters into Force
The Tax Information Exchange Agreement (TIEA) between Italy and Jersey has entered into force on January 26, 2015. Tax Information Exchange Agreements (TIEAs) provide for the exchange of information on request relating to a specific criminal or
See MoreDTA between Belgium and the Czech Republic enters into force
The protocol amending the DTA between Belgium and Czech Republic for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income entered into force on January 13, 2015 and will be effective from first
See MoreChile: Tax reform implications for foreign investors
Foreign investors in Chile require to consider the effect of tax reform changes. According to the prior tax regime, Chile had a combined tax system whereby the corporate income tax paid by the Chilean entity was added to the foreign shareholder tax
See MoreOECD Holds Public Discussion on Dispute Resolution Mechanisms
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
See MoreOECD holds public consultation on preventing the artificial avoidance of PE status
On 21 January 2015 the OECD held a public consultation on the artificial avoidance of permanent establishment (PE) status. This is action 7 of the action plan on base erosion and profit shifting (BEPS). The OECD Model tax treaty permits the host
See MoreSlovak Republic-Guernsey TIEA enters into force
The Tax Information Exchange Agreement (TIEA) between Guernsey and Slovakia has signed and will come into force on 26th January
See MoreFrance: National Assembly Approves The Treaty With Andorra
The French National Assembly approved the income tax treaty with Andorra on 20 January 2015. Further details of the treaty will be reported
See MoreThe United Kingdom and Croatia sign a Double Taxation Agreement (DTA) on January 15, 2015
The United Kingdom and Croatia have signed a Double Taxation Agreement (DTA) on January 15, 2015. The aim of this agreement is to avoidance of double taxation and prevention of fiscal
See MoreItaly and Switzerland Agree an Amendment to Their Existing Double Tax Agreement (DTA)
Italy and Switzerland have agreed an amendment to their existing Double Tax Agreement (DTA) to enhance tax information exchange
See MoreSixth round of trilateral FTA among China, Japan and South Korea
On January 18, 2015, the Ministry of Trade, Industry and Energy (MOTIE) of South Korea announced that the 6th round of negotiations for a trilateral free trade agreement (FTA) between China, Japan and South Korea was held in Tokyo, Japan on
See MoreCzech Republic-US: FAQs on application of FATCA agreement published
The General Tax Directorate of Czech Republic has released frequently asked questions (FAQs) about the implementation and application of the US Foreign Account Tax Compliance Act (FATCA) agreement between the Czech Republic and the United States on
See MoreThird Meeting of Second Phase of Negotiations on China-Pakistan Free Trade Area Held in Islamabad
The Third Meeting of the Second Phase of negotiations on the China-Pakistan Free Trade Area was successfully held in Islamabad on January 6-8, 2015. The two sides had talks on various topics including the implementation of reduced taxes in the first
See MoreEconomic Partnership Agreement between Japan and Australia enters into force
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
See MoreFrance and Singapore Sign Bilateral Double Tax Agreement
A revised double tax treaty was signed between Singapore and France on 15 January 2015. In the case of the Singapore, the treaty covers the income tax. In the case of France, the treaty covers the income tax, corporation tax, contributions on
See MoreChina will look to reach agreements with more nations this year
China will step up the pace of its free trade negotiations this year as it seeks to build stronger trade ties with more partners and reduce the dominance of the United States’ currency in the global trading system. Zhang Shaogang, director-general
See MoreNorway: Ratification of Double Taxation Treaty Protocol with Brazil
As per the media report, Norway has ratified its Double Taxation Treaty protocol to amend its Double Taxation Treaty (DTA) agreement with Brazil on December 4,
See MoreNorway: Ratification of Double Taxation Agreement (DTA) With Bulgaria
As per the media report, Norway has ratified its Double Taxation Agreement (DTA) with Bulgaria on December 4,
See More