Slovak Republic: Tax law amendments approved
Suggested amendments to corporate income tax, individual income tax, transfer pricing and special levies in case of companies in regulated industries has been approved by the parliament on 23rd November 2016. The amendments have not yet been
See MoreSlovak Republic: Tax law amendments proposed
A governmental package of proposed amendments on tax law has been submitted to the parliament and the changes are suggested to become effective from 1st January 2017. These changes needs to be approved by the parliament and signed by the President
See MoreUK: Consultation on Soft Drinks Industry Levy
As part of the Budget for 2016 the UK government announced a new levy on soft drinks companies from April 2018. The Soft Drinks Industry Levy is to be charged on producers and importers of soft drinks that contain added sugar where the total sugar
See MoreRussia: Exemption from excise duties on export of excisable goods
The Russian Finance Ministry issued Letter No. 03-07-15/41049 on 16th July 2015 clarifying the application procedure for exemption from excise duties on export of excisable goods. On the basis of changes introduced by Federal Law No. 150-FZ,
See MoreSlovak Republic: Changes to law on excise duties
National Council has adopted some changes in the laws regarding excise duties on 22 October 2014. The provisions will be in effect from 1st December 2014 including with some exceptions whether the amendments are signed by the
See MoreKazakhstan-Amendment of excise tax
The president of Kazakhstan has signed Law No. 210-V due to amend the excise tax rules on June 18, 2014 and this law will be effective from January 1, 2015. Excise taxes are levied at rates applicable during import if excisable goods are both
See MoreCzech Republic: Announcement of new anti-tax evasion force
The Ministry of Interior has declared the a new anti-tax evasion unit, naming "Cobra" regarding the sign of a protocol agreement on exchange information for customs, tax, and police chiefs and promised results by the end of the year. Finance
See MorePakistan: Budget 2014/15 introduces GST and excise changes
With the Budget 2014/15 Pakistan is introducing a number of minor changes to the Goods & Services Tax (GST) and Excise Duty regimes from July 2014. Following changes will take place: Simplified GST regime introduced for the retail
See MoreLithuania – VAT and excise tax updates
Lithuania is supplying additional explanatory notes on the VAT law so as to given guidance to taxpayers involved in mixed activities and to give practical case details on derivatives. If taxpayers refer to notes provided by the tax authorities this
See MoreSouth Africa: E-Filing for Excise Duties
South Africa published Government Notice R.487 on 11 July 2013 providing for all excise accounts to be submitted on e-Filing with immediate effect. Manual submissions will only be accepted for a period of three months from 11 July 2013. After the
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