TIEA between Aruba and Czech Republic signed
An exchange of information agreement relating to tax matters (TIEA) between Aruba and the Czech Republic was signed on 8th July
See MorePGA Highlights: June 2015
In United States, the following events have been taken place under the several PGA during the month of June 2015. Agencies Summary Link Federal Register Hazardous Materials Safety Permit (HMSP) program implemented: The Secretary of the U.S.
See MoreUnited States: ADD/CVD Roundup for June 2015
Following table shows the Federal Register notices related to ADD/CVD cases for June 2015 in United States. Australia Silicomanganese Postponement of Preliminary Determination of Antidumping Duty Investigation A-602-808 See the Federal Register
See MoreSocial Security Agreement and protocol between Canada and Italy ratified
According to Law No. 93 as published in the Official Gazette No. 154 on 6th July 2015, the Social Security Agreement (1995) between Canada and Italy and its amending protocol has been ratified by Italy on 16th June
See MoreCanada: Corporate tax measures enacted
Bill C-59 has received its first reading on 7th May 2015 implementing certain measures announced in the 2015 federal budget. These measures will not be applicable until after the upcoming federal election expected in October 2015. The enacted
See MoreMexican Tax Administration Service Publishes Revised Software Version of Appendix 9
The Mexican Tax Administration Service has published on its website the revised software version of Appendix 9 “Information on operations with foreign related parties,” of the Multiple Disclosure Return. This is an informational
See MoreChile and China sign DTA
The Double Tax Agreement (DTA) between Chile and China was signed on 25th May 2015. The treaty follows OECD guidelines. Article 5 of the treaty defines a permanent establishment and article 10, 11, 12 and 13 allocate taxing rights for dividends,
See MoreFATCA Agreement Signed between United States and South Korea
South Korea and the United States have signed a Foreign Account Tax Compliance Act (FATCA) agreement on 10 June 2015. This is a Model 1 Agreement. Under this reciprocal agreement, financial institutions in South Korea will report the information
See MoreUS Signs FATCA Agreement with UAE
The United States and the United Arab Emirates have signed their Foreign Account Tax Compliance Act (FATCA) intergovernmental agreement, the text of which was initialed in May last year. FATCA is intended to ensure that the US obtains information on
See MoreBrazil: Issues new Normative Instruction
The Brazilian Federal Revenue Department issued Normative Instruction (NI) 1568/15 on June 8, 2015. This has restricted the application of the cost adjustments in the calculation of the transfer price based on the Brazilian commodities methods
See MoreUnited States: ADD/CVD Roundup for May 2015
Following table shows the Federal Register notices related to ADD/CVD cases for May 2015 in United States. Belgium Stainless Steel Plate in Coils Antidumping or Countervailing Duty Order, Finding, or Suspended Investigation; Opportunity To
See MorePGA Highlights: May 2015
In United States, the following events have been taken place under the several PGA during the month of May 2015. Agencies Summary Link Federal Register Notice of intent to distribute offset for Fiscal Year 2015: According to the continued
See MoreArgentina: New tax treaty with Chile
The governments of Argentina and Chile signed a new treaty for the Avoidance of Double Taxation with respect to Taxes on Income and on Capital and to Prevent Fiscal Evasion and Tax Avoidance in accordance with the OECD Model Convention on 15 May
See MoreFATCA Agreement Signed between United States and Romania
Romania and the United States have signed a Foreign Account Tax Compliance Act (FATCA) agreement on 28 May 2015. This is a Model 1 Agreement. Under this reciprocal agreement, Romania will report the information required under FATCA about U.S.
See MorePeru: New law on tax incentives for medium-sized, small and micro enterprises
In Peru, Law 30327 providing tax incentives for medium-sized, small and micro enterprises was published in the Official Gazette on 21 May 2015. According to the new law medium-sized, small and micro enterprises are now subject to tax under the
See MoreUS: Legislation on Permanent Research and Development Tax Credit
The US House of Representatives has passed legislation that would simplify and strengthen the research and development tax credit and has included the provision in the US tax code. Companies conducting their development programs will be able to
See MoreChile: Circular 30 regarding administrative interpretation published
A Circular 30 of the tax administration (Servicio de Impuestos Internos, SII) about SII's administrative interpretation concerning amendments introduced by Law 20,780 to the Income Tax Law and specifically, it contains the new article 41 G on CFC
See MoreCanada: Notice to implement tax provisions in Economic Action Plan 2015 and other tax measures
The Ministry of Finance has scheduled a complete notice of ways and means motion to implement certain tax provisions in Economic Action Plan 2015 and other tax measures on 5th May 2015. This notice contains the following measures and specific
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