Brazil: Auto Tax is Suspended by Court
It has been published on 24 October 2011 that the tax hike proposed by the Brazilian government on the manufacture of foreign cars has been suspended. The Brazilian Supreme Court has ruled the planned tax increase to be unconstitutional due to its
See MoreCanada: Budget to be implemented for 2011
A motion to implement Budget 2011 has been tabled on October 3, 2011, by the Canadian Minister for Finance. The Notice of Ways and Means Motion includes the previously announced tax measures referenced in Budget 2011 to implement. The Ministry
See MoreTax Treaty Amended between Mexico and Singapore
Amendments in the Mexico-Singapore Tax Treaty has been approved by the Mexican Senate and published in the Federal Official Gazette. It is expected that these amendments will increase cooperation between the two countries for sharing information on
See MoreIndia-Uruguay: Signed DTA
The Government of India has signed an agreement with Uruguay for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital (DTA). According to the DTA the business profits will be taxable in
See MoreUK-Belize Tax Information Exchange Agreement entered into force
From the 1 August 2011, a Tax Information Exchange Agreement between the UK and Belize entered into force. The agreement was signed in London on 25 March
See MoreCanada promotes fire-fighter tax credit
Canada’s Ministry for National Revenue has highlighted a new tax credit targeting volunteer fire-fighters. This is a part of their ongoing promotion of the government’s Budget measures. Speaking at a fire station Canada’s Minister for National
See MoreCanada: New tax credit highlights
In the recently reintroduced 2011 federal Budget the Canadian government has announced its new children’s arts tax credit. According to that parents can claim money spent on programmes focusing on fine arts, music, performing arts, outdoor
See MoreFTA with Peru has been approved by the South Korean Parliament
South Korea’s National Assembly has ratified the bilateral free trade agreement (FTA) between South Korea and Peru after previously being passed by the foreign affairs and trade committee. It was signed on March 21 in Seoul. Except for a few
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