DTA between Chile and China (People’s Rep.) initialed
The Income Tax Treaty between Chile and China (People's Rep.) has been initialed on 21st April 2015 and is being expected to be signed in May
See MoreMexico-Panama: FTA enters into force
The FTA (free trade agreement) between Mexico and Panama has entered into force on 20 April 2015, after ratification by Mexico. The FTA was signed on 3 April 2014 in Panama and on 12 March 2014 in Mexico. According to the FTA Mexico will directly
See MoreDTA between Chile and Argentina signed
The Income Tax Treaty between Chile and Argentina has signed on 22nd April 2015. Future information related to this treaty will be reported
See MoreCanada: Highlights of Pre-election Federal Budget 2015
The Finance Minister delivered the Government’s 2015 pre-election federal budget on 21st April 2015. The tax highlights in the 2015 budget are given below: From the beginning of 2015, the limit for annual contributions to a tax-free savings
See MoreUS: The Department of Treasury announces plans to implement country-by-country (CbC) reporting
The US Treasury Department has announced plans to implement a country-by-country (CbC) reporting requirement starting for fiscal years beginning in 2016 as set out in the guidance issued by the Organization for Economic Cooperation and Development
See MoreQatar ratified the DTA with Ecuador
Qatar's Emir issued an instrument of ratification approving the income tax treaty with Ecuador on 14 April
See MoreCanada: Small firms publish pre-Budget proposal
The Canadian Federation of Independent Business (CFIB) has requested the Government to cut the tax rate for small business and reestablish fairness in employer payroll taxes. A recent survey has made by CFIB said that cut down the payroll taxes
See MoreRwanda: Cabinet Approves Rwanda-Barbados DTA
The income tax treaty between Rwanda and Barbados was approved by the Cabinet of Rwanda on 20 March
See MoreUnited States: ADD/CVD Roundup for March 2015
Following table shows the Federal Register notices related to ADD/CVD cases for March 2015 in United States. Country Product Investigations Case Number Details Australia Silicomanganese Initiation of Less-Than-Fair-Value
See MoreUS: IRS issues notice setting limits on foreign housing expenses for 2014
In the US the Internal Revenue Service (IRS) has issued Notice 2014-29 providing inflation-adjusted limitations on foreign housing expenses for the 2014 tax year. The figures included in the Notice show that Hong Kong, Moscow, and Geneva are judged
See MoreNew Customs Code of Uruguay
The new Customs Code of Uruguay was enacted on 18 March 2015 .The new Code was approved by the Uruguayan Parliament on 10 September
See MoreCanada: Federal budget due 21 April 2015
Finance Minister will deliver the Conservative government’s federal budget for 2015 on 21st April 2015. It is being expected that the budget is to be balanced and will set the platform for Conservative government’s tax and financial policies due
See MoreSpain: Council of Ministers approved protocol to treaty with Canada
The Spanish Council of Ministers approved the protocol amending the income and capital tax treaty with Canada on 13 March, 2015. The protocol was signed on 18 November,
See MoreLuxembourg Signed an Income and Capital Tax Treaty with Uruguay
Luxembourg and Uruguay has signed an Income and Capital Tax Treaty on 10 March 2015. The treaty was signed for the avoidance of double taxation and prevention of fiscal
See MoreTIEA between Czech Republic and Bahamas ratified by Czech Republic
The Exchange of Information Agreement (TIEA) between Czech Republic and Bahamas has ratified by Czech Republic on 19th March
See MoreUS: Low Income Taxpayer Clinic Grant Recipients Announced
The Internal Revenue Service awarded approximately $10.25 million in matching grants to Low Income Taxpayer Clinics (LITCs) for the 2015 grant year (Jan. 1, 2015, through Dec. 31, 2015). LITCs are organizations that represent low income taxpayers in
See MoreColombia: IMF makes recommendations on tax policy
The international Monetary Fund (IMF) has issued a report following a visit by staff to Colombia for discussions under Article IV of the IMF’s articles of agreement. The recent decline in oil prices is a challenge that is affecting Colombia’s
See MoreBelarus and the United States signed a Foreign Account Tax Compliance Act (FATCA) Agreement
Belarus and the United States signed a Foreign Account Tax Compliance Act (FATCA) Agreement on 20 March 2015 More specifically, Belarus and the United States signed a Model 1 Agreement. Under the agreement, Foreign Financial Institutions (FFIs) in
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