EU Seeks to resume talks on a Deep and Comprehensive Free Trade Agreement with Egypt
The EU remains willing to re-launch talks with Egypt on concluding a Deep and Comprehensive Free Trade Agreement (FTA). The EU ambassador confirmed that the European Union aims to begin negotiations with Egypt on widening the free trade agreement
See MoreCzech Republic joins Convention and protocol on Mutual Administrative Assistance in Tax Matters
The multilateral Convention on Mutual Administrative Assistance in Tax Matters, as amended by the 2010 protocol, entered into force in respect of the Czech Republic on 1 February 2014. The Convention and the amending protocol generally apply in the
See MoreCroatia-Bill Ratifying Multilateral Tax Convention
The government of Croatia has sent a bill to parliament to ratify the Convention on Mutual Administrative Assistance in Tax Matters. This move forms part of the country's aims to fulfill its tax obligations on an international level. Croatia signed
See MoreEU: Uniform Customs Code effective from 1 May 2016
The European Commission has notified that the substantive provisions of the Uniform Customs Code have entered into force 30 October 2013, and will be effective from 1 May 2016. Until then, the Community Customs Code and its implementing provisions
See MoreEU: Royalties, license fees dutiable from 1 May 2016
The European Commission has pointed out that the process for determining the transaction value would be amended under the Uniform Customs Code (UCC), due to enter into force on 1 May 2016, resulting in royalties being more often included in the
See MoreEU – Forms for customs enforcement of IP rights
The European Commission has issued new forms which should be used from 1 January 2014 in order to ensure customs enforcement of intellectual property rights. The new implementing regulation that introduces such standard forms, and rules for
See MoreEU: Tackling VAT fraud with Russia and Norway
It was reported on 15 December that, in efforts to continue to contain the spread of EU VAT fraud further afield, the European Commission will commence discussions early in 2014 on fiscal co-operation with Norway and Russia. The head of the EU’s
See MoreECJ: Advocate General decision on VAT exemption for management of special investment funds
The referring Court had asked for a preliminary ruling from the European Court of Justice (ECJ) in the case ATP Pension Service A/S v Skatteministeriet. This case concerned the application of VAT exemption in the case of the management of an
See MoreECJ: Interest payable where VAT credit incorrectly refused
Recently, the European Court of Justice (ECJ) has ruled that member states may not lawfully withhold interest due on VAT credits or refunds. The ECJ held that EU member states cannot block VAT interest and has ruled that tax authorities still have
See MoreECJ decision on the taxable amount for VAT
A decision of the European Court of Justice (ECJ) on 5 December 2013 related to the question of whether a Portuguese tax known as the screening tax should be included within the taxable amount when computing the amount of VAT payable on the relevant
See MoreSpain execute EU CRD IV and provides for monetization of certain deferred tax assets
Under the Spain’s implementation, the European Union (EU) Capital Requirements Directive 2013/36/EU (CRD IV) includes provisions that allow Spanish corporate to earn certain deferred tax assets by turning them into a refundable tax credit, subject
See MoreCzech Senate approves Income Tax Law amendment
On 10 October 2013, the Czech Senate approved a special law measure that includes a long discussed Income Tax Law amendment. For this amendment to be enacted it must be approved by a new Chamber of Deputies on its first session. The main changes are
See MoreIndia: Vodafone case regarding transfer pricing
The Bombay high court directed the income-tax department to stop the proceedings of its dispute resolution panel (DRP) against the Indian subsidiaries of Vodafone Group Plc and Royal Dutch Shell plc in an alleged transfer pricing case till the court
See MoreCroatia amends the General Tax Law
Amendments to the General Tax Law have been published in Official Gazette No. 73/2013 and they entered into force on 26 June 2013.EU law with effect from 1 July 2013, Some EU directives have been implemented into Croatian legislation like- Mutual
See MoreGermany: Amendments to the taxation of portfolio dividends
A new law in respect of dividend taxation was published in the Federal Gazette on 21 March 2013. This law has been introduced following a decision of the European Court of Justice in 20 October 2011 which required a review of the taxation of
See MoreUK: the European Commission opens an investigation into the tax relief for video games
The UK is introducing tax relief for the animation, high end TV and video games industry from 1 April 2013. The relief would amount to a 25% tax reduction based on 80% of the production budget of a qualifying animation or video game relating to
See MoreEU: ECJ Rules on German foreign tax credit rules
The European Court of Justice (ECJ) issued a decision on 28 February 2013 in the case of Dr. Manfred Beker and Christa Beker v Finanzamt Heilbronn. A preliminary ruling from the ECJ had been requested by the Federal Finance Court. The case
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