South Africa: SARS issues tax exemption guide for public benefit organization
The South African Revenue Service (SARS) has issued a tax exemption guide on the income tax exemption for a public benefit organization (PBO) carrying on a public benefit activity (PBA). The guide provides general guidance on approval and taxation
See MoreNigeria: FIRS issues new TP declaration and disclosure forms
The Federal Inland Revenue Service (FIRS) of Nigeria published new transfer pricing (TP) forms (TP Declaration Form and TP Disclosure Form). This is aimed at improving disclosure and transparency by taxpayers in their TP Returns, and providing FIRS
See MoreSouth Africa-Zimbabwe DTA enters into force
The Double Tax Agreement (DTA) between South Africa and Zimbabwe entered into force on 1 December 2016, following publication in the Official Gazette of the Republic of South Africa on 27 January 2017. The agreement will be applied from 1 January
See MoreTunisia-Morocco: Social Security Agreement approves
The Social Security Agreement of 2015 between Tunisia and Morocco has been approved on 17th January 2017 by the Tunisian National Assembly (House of People's
See MoreOman: CIT rate may hike in 2017 Budget
On 1 January 2017, the Ministry of Finance of Oman issued a statement on the State’s General Budget for the Fiscal Year (FY) 2017. The budget sets forth prospects for revenue collection from tax and other similar sources. CIT laws are expected to
See MoreKenya: Government has banned the exportation of maize
The Kenya Revenue Authority has been issued a public notice on 26 January 2017 to inform all exporters, customs agents and the general public that the government prohibited the exportation of maize until further
See MoreSaudi Arabia- Initiating Income and Capital tax treaty with Latvia
Following the conclusion of the negotiation process in Riga from 16 to 19 January 2017, the government of Saudi Arabia and Latvia will initiate an income and capital tax
See MoreTIEA between Argentina and UAE enters into force
The Exchange of Information Agreement regarding tax matters (TIEA) of 2016 between Argentina and United Arab Emirates has been entered into force on 17th January 2017 and it also effects from 17th January
See MoreUAE ratifies TIEA with Colombia
On 15 January 2017, the United Arab Emirates (UAE) ratified the Tax Information Exchange Agreement (TIEA) with Colombia by way of Decree 227-2016. Furthermore, this Agreement provides for the effective exchange of information regarding tax matters
See MoreAlgeria ratifies FATCA agreement with United States
Algeria has ratified an intergovernmental agreement signed on October 2015 with the United States by way of Presidential Decree No. 16-328, as published in Official Gazette No. 74 of 18 December 2016. The US-Algeria IGA is based on the
See MoreTIEA between Finland and UAE ratified
The Exchange of Information Agreement of 2016 regarding tax matters (TIEA) between Finland and United Arab Emirates (UAE) has been ratified on 15th January 2017 by United Arab Emirates. The treaty has been ratified by the way of Decree No.
See MoreIran ratifies the income tax treaty with Cyprus
The President of Iran signed a law, on 3 January 2017, ratifying the Cyprus - Iran Income Tax Treaty (2015). The treaty was signed on 4 August 2015. The DTT is based on the OECD Model Tax Convention on Income and on Capital of 2010 (the “OECD
See MoreUAE ratified TIEA with Norway
The tax information exchange agreement (TIEA) between Norway and the United Arab Emirates has been ratified by the United Arab Emirates on 15 January 2017 according to the Decree No.
See MoreUAE ratified TIEA with Iceland
The tax information exchange agreement (TIEA) between Iceland and the United Arab Emirates has been ratified by the United Arab Emirates on 15 January 2017 according to the Decree No. 223/2016.This TIEA was signed on 12 April
See MoreSocial security agreement between Bulgaria and Tunisia approves
The Social Security Agreement of 2015 between Bulgaria and Tunisia has been approved on 17th January 2017 by the Tunisian National
See MoreDTA between UAE and UK entered into force
The Income Tax Agreement between the United Arab Emirates (UAE) and the United Kingdom (UK) has been come into force on 25th December 2016 for avoiding double taxation and it was signed on 12th April 2016. In accordance with article 26, the
See MoreMoldova and Turkey: Social Security Agreement initialed
In accordance with a press release published by the Moldovan Ministry, a Social Security Agreement between Moldova and Turkey has been initialed in Chisinau. This treaty has expected to be signed later this
See MoreUAE: DTA signed with Paraguay
An Income Tax Treaty between United Arab Emirates (UAE) and Paraguay was signed on 16th January 2017 in Abu Dhabi for avoiding double
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