Canada – Tax credits temporarily refundable in Quebec
The Quebec government declared three new temporary repayable tax credits. Individuals who investing in “eco-friendly” renovation work these temporary tax credits are for them. Certain corporations that acquire, or add to, buildings applied in
See MoreCanada – QST changes in Quebec
A business with total taxable supplies and those of the business' associates exceed $10 million for the preceding fiscal year is considered as large business. The Quebec Revenue recently published extra information regarding the upcoming repeal of
See MoreCanada – Legislation Implementing Tax Measures from Budget Plan
The Canada’s Federal Budget Bill contains measures from the 2013 federal budget including: Introduction of new administrative financial penalties and criminal offences to deter the use, possession, sale and development of electronic suppression
See MoreBrazil’s Tax Treatment on shared costs
Brazil’s tax authorities published guidance concerning the treatment of social contributions and it related to expenses and cost shared by the taxpayer groups, on 29 October 2013. It is intended to clarify the treatment and apportionment of PIS
See MoreSignificant Changes to Brazilian Tax Legislation
The Brazilian Ministry of Finance has announced significant changes to the way it will tax profits sourced from abroad, on 18 October 2013. The stated aim is to increase the competitiveness of Brazil as a business location and bring it into line
See MoreBelgium: Tax simplification bill
The Belgian Council of Ministers has given approval of the tax simplification bill. According to the bill, any individual for signing a contract last year for the construction of a low energy home will benefit from the tax reduction applicable for
See MoreBelgium: Audits on corporate withholding tax
The Finance Ministry of Belgium has unveiled plans to tighten the rules next year for companies which fail to settle their professional wage-withholding tax obligations for compensation paid out to company directors. The requirements are not being
See MoreBelgium – Hospitality Tax Bill
The Belgian Senate has approved the bill submitted by the Belgian Finance Minister that is designed to reduce the tax burden on the country's hotel and catering industry (Horeca). The bill introduces a new fiscal and social regime for occasional
See MoreAzerbaijan has declared the tax Policy Priorities
Azerbaijan has declared its tax policy priorities for the next 3 years which are presently being considered by the Azerbaijani parliament. The country intends to improve the tax system by introducing 7 new types of taxes, along with a real estate
See MoreAustralia: GST fraud in gold industry is in target
The Australian Tax Office (ATO) on 30 October 2013 announced that it is investigating companies within the gold bullion sector for a total of AU$65 million ($61.5 million) of alleged goods and services tax (GST) fraud. The investigation is a part
See MoreAustralia: Fuel tax credits and carbon pricing
The new Coalition Government of Australia discharged draft enactment regarding to the proposed nullification of the carbon pricing mechanism. This holds some key perspectives concerning fuel tax credit, customs duty and excise. Submissions are
See MoreArgentina –Increment of Social Security Salary Thresholds
The government of Argentina has increased the salary limits on social security contributions. Effective from September 2013, the new gross monthly maximum and minimum salary thresholds for calculating employees’ social security contributions are
See MoreSwitzerland: Terminates Tax Rebate Committee
It has been announced that, the Swiss Federal Council has issued plans to eliminate the Federal Committee (CFR) responsible for federal direct tax rebates. The Federal Council is establishing new provisions for federal direct tax rebates. The CFR is
See MorePortugal: Temporary tax regularization regime unveiled
For the regularization of tax debt, Portugal’s Council of Ministers has approved an “exceptional and temporary regime”. For those taxpayers who choose to regularize their tax debts by 20 December 2013, the regime accords exemption from the
See MorePeru – Due dates for submitting transfer pricing affidavits and technical studies for 2012
The Peru’s tax authorities (SUNAT) issued Resolución de Superintendencia N° 301-2013/SUNAT which became effective from 6 October 2013. The resolution has scheduled dates in November 2013 for taxpayers to submit their transfer pricing affidavits
See MoreNetherlands: Second draft Bill on other fiscal measures
A second draft Bill (No. 33753, No. 8) to amend the original Bill on other fiscal measures was published on 18 October 2013. The draft Bill provides among other measures for the implementation of the decision of the Court of Justice of the European
See MoreMexico: Proposed changes to the definition of maquiladora operations
The Chamber of Deputies passed a reviewed version of the federal government’s legislative proposals for tax reform on 17 October 2013. With respect to the maquiladoras tax regime, the definition of a “maquiladora operation” would be
See MoreMexican Chamber of Deputies approves tax reform bill
A tax reform package, presented by Mexico’s federal government in September 2013, is proceeding through the legislative process. A congressional committee (the Finance and Public Credit Committee of the Chamber of Deputies) considered the proposed
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