United Kingdom and Anguilla sign protocol to TIEA
An exchange of letters and amending protocol to the Anguilla - United Kingdom Exchange of Information Agreement (2009) was signed between Anguilla and the United Kingdom on 13 December 2013 in London and on 20 December 2013 in Anguilla. The
See MoreGermany and Costa Rica signed a DTA
Costa Rica has signed an agreement for the avoidance of double taxation with Germany. The agreement aims to eliminate situations of conflicting double taxation between the two jurisdictions to provide greater legal certainty for investors in making
See MoreColombia – New form for reporting withholding tax information
Colombia’s tax administration has recently released a new form to be used to make monthly information reporting of withholding tax. Form 350 reflects changes from the prior version of the form. Changes contained in the new form include a
See MoreColombia – New criteria for determining large taxpayer issued
Colombia’s tax administration has issued guidance establishing new criteria for determining who qualifies as a “large taxpayer”. Being identified as a “large taxpayer” may affect specific arrangements for paying taxes, and may affect both
See MoreCanada: GST compliance changes
The Canadian budget for 2014 includes a range of changes to the Canadian Goods and Services Tax (GST) and Harmonized Sales Tax (HST) regime. The tax changes include the following: Extension of the GST exemption on certain health and disability
See MoreCanada: 2014 Budget introduces no new taxes
The Canadian 2014 Budget introduces “no new taxes” on families or businesses, but does crack down on aggressive tax avoidance and overhauls a number of tax credits. The Finance Minister’s Economic Action Plan 2014 contains a series of reforms
See MoreArgentina: Income tax changes relating to share transfers and dividends
Changes have been made in Argentina to the income tax treatment of securities, the transfer of shares and dividend distributions. On 7 February 2014, Decree 2334 was published in the official gazette. This Decree implements income tax changes as
See MoreArgentina reduces Tobacco Tax rate for the year 2014
Under Decree No 111/2014 of January 29, 2014, Argentina is keeping cigarillo excise duties at 7 percent, instead of the usual 21 percent rate. The reduced rate is applicable with retroactive effect from January 1, 2014, and is scheduled to expire on
See MoreColombia: Filing deadlines for large taxpayers
Colombia has issued Decree 214/2014, under which taxpayers qualifying as large taxpayers as of 31 January 2014 (previously, 31 December 2013) must file their income tax returns between 1 March 2014 and 24 April 2014 within the deadlines established
See MoreCanada: No tax rate changes in Quebec’s budget for 2014
On 20 February 2014, Quebec's Minister of Finance and the Economy, delivered the 2014 Québec budget. The budget does not include any general corporate or individual (personal) income tax rate
See MoreUS – Increase in Tax Return Filings
The Internal Revenue Service (IRS) has announced that filings of tax returns in the United States 2014 individual income tax season have increased by comparison to filings for the same period in the previous year. As of February 7, the IRS had
See MoreGermany and Costa Rica sign a double tax agreement
On February 13, 2014, the Costa Rican government announced that it has signed an agreement for the avoidance of double taxation on income and capital with Germany. The agreement aims to eliminate situations of conflicting double taxation between the
See MoreCanada: Tax provisions in British Columbia’s 2014 budget
On 18 February 2014, British Columbia’s Finance Minister delivered the province’s 2014 budget. The British Columbia 2014 budget: Does not propose any general corporate or individual (personal) income tax rate changes; Would extend the
See MoreUS: IRS Publishes Updated Tax Guide for Aliens
The US Internal Revenue Service has released a revised United States Tax Guide for Aliens, providing guidance for resident and nonresident aliens for use in preparing their 2013 tax returns, and, in particular, how to determine their residence
See MoreUS: IRS Apologizes To Taxpayers for Poor Service
With its funding restricted within the 2014 Appropriations Bill, the United States Internal Revenue Service (IRS) Commissioner has indicated that taxpayers will have to exercise patience when trying to contact the agency. Among other problems the
See MoreUS signs an IGA with Canada to implement the FATCA
The United States signed an intergovernmental agreement (IGA) with Canada on 5 February 2014 to implement the Foreign Account Tax Compliance Act (FATCA). In 2010, the U.S. passed the Foreign Account Tax Compliance Act, to target non-compliance
See MoreUS Lawmakers Plead for Sales Tax Deduction Renewal
A bipartisan group of 57 Members has, in a letter to the House of Representatives Ways and Means Committee, sought a renewal of the United States state and local sales tax deduction, which expired on January 1, 2014. The state and local sales tax
See MoreUruguay: Extension of tax refund for exports
Uruguay has extended the 4% tax refund for exports of specific products to 30 June 2014 through Executive Decree 393/013. The aim of the measure is to protect different industries that were negatively affected by the decrease in international demand
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