Finnish: Parliament adopts a draft bill of new mining tax

November 25, 2022

On 18 November 2022, the Finnish Parliament has approved a draft bill which proposes the implementation of royalty-type taxes on minerals extracted in Finland. The draft bill proposed a royalty of 0.6% to be imposed on the taxable value of a

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Italy announces statutory interest rate for 2022

December 25, 2021

On 15 December 2021, Italy has published the Ministerial Decree that increases the statutory interest rate to 1.25% with effect from 1 January 2022. Previously, the statutory interest rate was

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South Africa: SARS issues tax interpretation note on lease premiums

March 27, 2019

On 7 February 2019, South African Revenue Service (SARS) has issued Interpretation Note 109, which clarifies the rules on the tax treatment of lease premiums. The Note explains that, in the earlier year of assessment of receipt or accrual, lessor

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Spain publishes budget act of year 2018

August 03, 2018

On 4 July 2018, the Spanish Government published Law 6/2018 (the Budget Law 2018) in the Official Journal. The law implementing the fiscal measures from the fiscal year 2018 entered into force on 5 July 2018. Budget contains changes to the patent

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Malaysia: IRB issues practice note on tax treatment of digital advertising for non-resident

April 18, 2018

On 16 March 2018, the Malaysian Inland Revenue Board (IRB) published Practice Note No. 1/2018, which describes the tax implications of income received by a non-Malaysian taxpayer from the provision of digital advertising. The Notice briefly

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Argentina: Decree 279/2018 was published in the official gazette

April 16, 2018

The Decree 279/2018 was published on April 9, 2018 in the Official Gazette. The provisions of this decree effects from April 10, 2018. This Decree regulates the scope of the Income Tax of the financial income in order to achieve a correct

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Iceland: Parliament adopts increased withholding tax rates for 2018

January 31, 2018

The parliament has approved the Budget for 2018 and it has implemented an overall increase in withholding tax rates effective 1 January 2018 as follows: the standard rate of withholding tax on Icelandic interest, capital gains and dividend income

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Luxembourg: Government announces new intellectual property tax regime

August 14, 2017

Luxembourg has announced a new regime that offers a special tax incentive for certain income from intellectual property rights. On 7 August 2017, a bill of law proposing the introduction of a new Luxembourg intellectual property (IP) tax regime was

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Brazil: Tax exemption to encourage Initial Public Offerings

June 19, 2014

On June 16 of 2014 the Ministry of Finance confirmed that the initial public offerings (IPOs) of smaller company’s investment will be cut from the capital gain tax by 15% and the capital gains tax will not have an effect on infrastructure

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Taiwan Approves 45 Percent Top Income Tax Rate

May 25, 2014

Tax reforms passed in Taiwan include a 45% rate of income tax on incomes above TWD 10 million per annum. Also included in the reform is an increase in the basic income tax threshold to TWD 90,000 for single taxpayers and TWD 180,000 for married

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