Pakistan: Introduces an incentive scheme for industrial and trade sectors under no question on source of investment

23 January, 2017

The government has agreed on a new incentive scheme for industrial and trade sectors under which tax authorities will not question the source of investment, industry sources said on 22 January 2017. Sources in Federal Board of Revenue (FBR) also

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Uruguay: Fiscal benefits extended for implementation of electronic invoicing system

11 January, 2017

The Decree of 19 December 2016 adopted by the Ministry of Economic Affairs and Finance extended the benefits provided for by Regulation No 324/011 concerning the development and implementation of the system of electronic tax documents until 31

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Azerbaijan-Budget Bill for 2017 submitted to parliament

14 December, 2016

Azerbaijan’s Budget Bill for 2017 had been submitted to the parliament on 15 November 2015. The Bill specifies various measures on tax, customs and social security to be taken in 2017. According to the plans stipulated on the Budget Bill, the

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Greece: Budget 2017 has been passed

12 December, 2016

The final draft Budget 2017 has been voted and passed on 10th December 2016 and it was submitted to the parliament on 21st November 2016. Note that, the draft Budget 2017 does not contain new tax

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Greece: Final draft Budget 2017 submitted to parliament

23 November, 2016

The final draft budget for 2017 has been submitted to the parliament by the Deputy Finance Minister on 21st November 2016. It is available in Greek language. It is estimated to be passed on 10th December 2016. The proposal of draft Budget for 2017

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Greece: Draft Budget 2017 has been submitted to parliament

04 October, 2016

The draft Budget for 2017 has been submitted to the parliament (Committee of Economic Affairs) on 3rd October 2016. Now, it is available on the official website of the Finance Ministry. The following main things are enclosed with the Budget:

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Switzerland: Parliament adopted the final Corporate Tax Reform III

30 September, 2016

On June 17, 2016, the Swiss parliament adopted the final Corporate Tax Reform III package (CTR III) to strengthen Switzerland’s competitiveness as a business location. The Corporate Tax Reform III includes several notable tax reform measures

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France: Announces draft Finance Bill for 2017

22 September, 2016

The French Ministry of Finance presented, during a press conference on 28 September 2016, the main tax provisions of what will be the draft Finance Bill for 2017, prior to the bill being submitted to the French Parliament. Among the provisions that

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UK: Update on advance assurance for R&D tax relief

31 August, 2016

On 24 August 2016 HMRC held a webinar to provide an update on the advance assurance scheme for research and development (R&D) tax relief. The scheme which is aimed at small companies was launched in November 2015 and there have so far been more

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WTO: Trade Dialogue with business leaders

04 June, 2016

The World Trade Organization (WTO) Trade Dialogues event held on 30 May 2016 gave business leaders an opportunity to discuss the challenges they face and the role of the WTO in helping to overcome the problems. The business representatives noted

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OECD: Report on the role of tax service providers

23 May, 2016

A report entitled “Rethinking Tax Services: The Changing Role of Tax Service Providers in SME Tax Compliance” was published during the meeting of the OECD's Forum on Tax Administration (FTA) on 9 to 11 May 2016. The report looks at the

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Italy: Enacted New Investment Tax Ruling Procedure

20 May, 2016

The Ministerial Decree of 29 April 2016, issued by the Ministry of Economy and Finance, was published in the Official Gazette No. 110 to enact implementing rules with respect to the tax ruling procedure for new investments recently introduced by

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UK: Enterprise Investment Scheme statistics

29 April, 2016

The Enterprise Investment Scheme (EIS) and the Seed Enterprise Investment Scheme (SEIS) are two important tax advantaged venture capital schemes in the UK.  In addition to these two schemes there are other tax advantaged schemes such as the tax

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Canada: First reading of federal budget bill 2016 received

28 April, 2016

Federal budget bill 2016, Bill C-15, has received first reading on 20th April 2016 that contains some of the proposals announced by the 2016 federal budget. It also includes several measures, such as changes affecting the inter-corporate dividend

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OECD: Financing SMEs and Entrepreneurs 2016

27 April, 2016

On 14 April 2016 the OECD published Financing SMEs and Entrepreneurs 2016. The study covers 37 countries including China, Russia and many OECD member countries. The report notes that governments are looking to small and medium enterprises (SMEs) and

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Vietnam: Corporate tax incentives for regular investment activities

25 April, 2016

The Ministry of Finance on 7 April 2016, published Official Letter No. 4769/BTC-TCT which providing criteria on tax incentives for regular investment activities. As per this guidance, “regular investment activities” is defined as regular

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Turkey: Personal income tax exemption for young entrepreneurs

11 February, 2016

Law No. 6663 amending the Individual Income Tax Law (Law No. 193) was published in the Official Gazette on 10th February 2016. The law introduces a new partial tax exemption (Article 1) for young entrepreneurs. Article 1 of the Law entered into

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Thailand-Tax incentives for targeted industries

10 January, 2016

The Deputy Prime Minister of Thailand announced on 4 January 2016 some further tax incentives for targeted industries. According to the announcement 10% to 15% income tax exemption will be provided for professionals working in targeted

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