Double Taxation Agreement between Qatar and Latvia
Latvia signed a Double Taxation Agreement (DTA) with Qatar on September 26, 2014. Furthermore, on 10 September 2014, the cabinet of Qatar authorized the signing of the initialed income tax treaty between Qatar and Latvia and it have initialed on 24
See MoreU.A.E-Japan Income Tax Treaty ratified
The Income Tax Treaty between Japan and United Arab Emirates has been ratified by way of Decree No. 70/2014. Further details of the treaty will be reported
See MoreSlovenia-U.A.E Income Tax Treaty ratified
The Income Tax Treaty between United Arab Emirates and the Slovenia has been ratified by the way of Decree No. 72/2014. Further details of the treaty will be reported
See MoreUAE-Hungary Income Tax Treaty ratified
According to the Decree No. 73/2014, the Income Tax Treaty between United Arab Emirates and Hungary has been ratified. The treaty has entered into force on 4 October 2014 and this will be effective from 1 January 2015. The further detail information
See MoreUAE-Benin Tax Treaty ratified
According to Decree No. 71/2014, the tax treaty between United Arab Emirates and Benin has been signed on 4 March 2013. Detail information of the treaty will be reported
See MoreNigeria: Interests on inter-company loans are tax-deductible
The Tax Appeal Tribunal held that Nigerian company prepared interest payments on its inter-company loans are tax deductible, given that the loans were got at arm’s length. In Nigeria, the taxpayer of Nigerian company was occupied in petroleum
See MoreUAE-Barbados Income Tax Treaty signed
The Income Tax Treaty between Barbados and the United Arab Emirates has been signed on 24 September 2014. Further details of the treaty will be reported
See MoreSouth Africa: SARS Issues Draft Guide On Special Trust Taxation
The South African Revenue Service (SARS) has published a draft guide on the taxation of "special trusts," which has been prepared to helps users in gaining a more in-depth understanding of their taxation, with particular reference to income and
See MoreLuxembourg-Saudi Arabia DTA entered into force
The Double Taxation Agreement (DTA) between Luxembourg and Saudi Arabia has entered into force on September 1,
See MoreSouth Africa Launches First Islamic Bond
South Africa launched sub-Saharan Africa's first Islamic bond, paving the way for issues by other countries in the region. National Treasury has announced that, following the entry into force of tax provisions for Islamic financing at the beginning
See MoreTurkey: Provisions in tax amnesty
The Turkish Parliament has passed a tax amnesty program as Law No. 6552 that was released on September 11, 2014. Generally, this program under the new law permits taxpayers with unpaid tax debts and associated penalties and interest to give these
See MoreTurkey: Omnibus Law enters into force
The Law No. 6552 (the "Omnibus Law") has published in the Official Gazette on September 11, 2014. The law permits granting a 50% decrease on penalties derived from infractions of process and will apply to unpaid fiscal debts and penalties that were
See MoreTurkey -Moldova FTA signed
The Free Trade Agreement (FTA) between Moldova and Turkey has signed on September 11, 2014. Further details will be reported
See MoreAlbania-UAE Income and Capital Tax Treaty has been ratified
The Income and Capital Tax Treaty between Albania and United Arab Emirates has been ratified on June 19, 2014 by the Albanian Parliament by way of Law No. 61/2014 as released in the Official Gazette No. 109 of July 11, 2014. Further details will be
See MoreSwitzerland – Ghana: Protocol treaty signed
The protocol to Ghana - Switzerland Income and Capital Tax Agreement of 2008 has been signed on 22 May 2014 and this protocol provides an exchange of information provision (article 26 of the OECD Model).Further details of the treaty will be reported
See MoreJapan: Details of the Japan and Oman DTT Agreement available Now
Japan and Oman Income Tax Treaty (2014) has been signed on 9 January 2014 and details of the treaty available now. The treaty generally follows the OECD Model (2010). The maximum rates of withholding tax are: 10% on dividends (5% if the
See MoreSouth Africa: SARS Issues Tax Incentive Guide On UDZ
The South African Revenue Service (SARS) has published a tax guide regarding Urban Development Zone (UDZ) tax incentive. In 2003, the UDZ incentive was announced in the form of an accelerated depreciation allowance under the income tax code to
See MoreSouth Africa: E-services in South African VAT
Despite the potentially limitless scope of the VAT law, the VAT Act was recently amended to specifically include foreign suppliers of “electronic services” as subject to South African VAT. South Africa will apply VAT to supplies of electronic
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