Income tax treaty between Argentina and Spain entered into force
The government of Argentina and Spain signed a new income tax treaty on 11 March 2013. In Argentina’s official gazette new laws published concerning the ratification and entry into force of the new treaty. Corresponding to Ley No. 24.080 of 23
See MoreFrance-Canada DTA protocol approved
In accordance with initial media reports, France's lower house of parliament approved the protocol to the Double Tax Agreement signed with Canada on December 23,
See MoreBrazil Repeals Transitional Tax Regime and established important changes to tax system
Brazil’s Federal Government has published Provisional Measure No. 627 (PM 627) on 12 November 2013, containing a long expected set of rules that not only repeal the Transitional Tax Regime(TTR) but also added new rules aimed at permanently
See MorePeru –Amendments to the Income Tax Regulations
The department of Economy and Finance of Peru has made some modifications to the country’s existing Income Tax Regulations which are effective from 7 November 2013. According to the amendments a joint responsibility will be imposed on a Peruvian
See MoreTrilateral Cooperation on Fiscal Transparency among United States, Brazil and El Salvador
Focusing on improve tax collection, effective and efficiency of fiscal transparency, an International Initiative for Trilateral Cooperation has been announced by the Governments of El Salvador, Brazil and the United States on December 2, 2013. These
See MoreBrazil: IRS issued dispute resolution ruling on shared services
It has been published that, the latest federal administrative case law and contrasting private rulings issued by different sectors across Brazil on 26 December 2013, the General Coordination of Taxation (COSIT) issued an administrative ruling
See MoreProtocol to Canada-Barbados ITT entered into force
A Protocol amending the Canada-Barbados income tax treaty entered into force on December 17, 2013. This treaty was signed the protocol on November 2011. The Protocol, following OECD style exchange of information language, includes some significant
See MoreCanada- Compliance issues regarding indirect tax during 2013-14
Many businesses will soon have to consider current changes to the GST/HST to fulfill upcoming tax compliance deadlines such as filing returns, making elections, and remitting indirect taxes though those give taxable profits or pension plans to their
See MoreMexico: Tax Reforms bill published
According to a media report Mexico reform tax bill on 23 December 2013, which might affect the direct and indirect taxation of corporate taxpayers, has been published in the country’s Official Gazette, completing the approval procedures. The
See MoreNetherlands and the US sign FATCA Intergovernmental Agreement
The Dutch State Secretary of Finance has concluded and signed an Intergovernmental Agreement (IGA) in order to improve international tax compliance and to implement the US Foreign Account Tax Compliance Act.The agreement is designed to deal with tax
See MoreMexican Tax Reforms Gazetted
According to a media report on 23 December 2013 Mexico's tax reform bill, which includes measures affecting the direct and indirect taxation of corporate taxpayers, has been published in the country's Official Gazette, completing the enactment
See MoreUS ensure further tax benefits for same-sex married couples
The Treasury and Internal Revenue Service (IRS) have issued a further notice in response to the Supreme Court ordered that same-sex couples should be given all of the federal tax benefits that are extended to heterosexual married couples. On June
See MoreUS 2014 tax season to open on January 31
The United States Internal Revenue Service (IRS) has declared that it plans to open the 2014 tax filing season on January 31 instead of the original opening date of January 21. The new opening date for individual to file their tax returns for 2013
See MoreExtension to the temporary exemption for commodities transactions in Peru
The tax authority of Peru published Resolution No. 355-2013/SUNAT in the Official Gazette on 12 December 2013. The Resolution would extend the temporary exemption for commodities transactions from the application of the withholding income tax regime
See MoreUS – IRS Issue Guidance for Tax-Exempt Entities
The United States Department of the Treasury and the Internal Revenue Service (IRS) have announced they are issuing initial guidance regarding qualification requirements for tax-exemption as a social welfare organization under section 501(c)(4) of
See MoreUS States Cut Taxes in 2013
Eighteen US states have cut taxes in the 2013 legislative year, reflecting an emphasis, following the recession, on pro-growth reforms that encourage economic expansion and competition, according to a new report by the Center for State Fiscal Reform
See MoreUS Signs FATCA Agreements with Cayman Islands and Costa Rica
The Department of the Treasury has announced that the United States has signed intergovernmental agreements (IGAs) with the Cayman Islands and Costa Rica to implement the Foreign Account Tax Compliance Act (FATCA). FATCA, enacted by Congress in
See MoreUS: Internal Revenue Service (IRS) Prompted to Increase Online Payment Agreements
A new report from the Treasury Inspector General for Tax Administration (TIGTA), has found that, while rising numbers of taxpayers are using the internet for their tax arrangements, the United States Internal Revenue Service (IRS) has still missed
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