Germany-Israel details of ICTT publishes
The Income and Capital Tax Agreement (2014) between Germany and Israel has published in detail. The treaty was accomplished in the German, Hebrew and English languages and it follows the OECD Model. The maximum 10% withholding rates are applied on
See MoreVenezuela-Palestinian Autonomous Areas ITA ratified
The Income Tax Agreement (ITA) between Venezuela and Palestinian Autonomous Areas has ratified on August 21, 2014. Further details of the agreement will be reported
See MoreRwanda and Singapore Sign bilateral Double Tax Agreement
In order to avoid double taxation and the prevention of fiscal evasion with respect to taxes on income, Rwanda and Singapore signed an agreement on 26 August 2014. The treaty will enter into force after the two countries exchange ratification
See MoreASEAN: Reviews ongoing negotiations of FTAs with China, Japan and S Korea
The Economic Ministers of ASEAN met with the representative of China, S Korea and Japan to discuss and review the ongoing negotiations to upgrade their respective ASEAN+1 trade treaties. ASEAN and China presented the progress made in implementing
See MoreIndia: LinkedIn profiles can be used as evidence for determination of permanent establishment
The Income Tax Appellate Tribunal (ITAT) delivered its decision in the case of GE Energy Parts Inc. v. ADIT (ITA No. 671/Del/2011) dated 4 July 2014 that, from now LinkedIn profiles of employees of overseas entities working in India can be used to
See MoreSingapore: e-Tax Guide on Tax Deduction for Borrowing Costs other than Interest
The Inland Revenue Authority of Singapore (IRAS) delivered the second edition of the e-Tax Guide on Tax Deduction for Borrowing Costs other than Interest Expenses on 18 August 2014. The previous edition was published on 21 June 2007. The e-Tax Guide
See MoreVietnam: Published a new Circular on foreign contractor tax
The Ministry of Finance issued Circular 103/2014/TT-BTC (Circular 103) on foreign contractor tax (FCT) on 6 August 2014. FCT is the method by which enterprise income tax (EIT) and value added tax are imposed on foreign companies and individuals that
See MoreHong Kong signed exchange of information agreement with Norway
The Government of the Hong Kong Special Administrative Region of the People’s Republic of China and the Government of the Kingdom of Norway signed an agreement regarding exchange of information relating to tax matters on 22 August 2014. Under the
See MoreHong Kong signed exchange of information agreement with Sweden
The Government of the Hong Kong Special Administrative Region of the People’s Republic of China and the Government of the Kingdom of Sweden signed an agreement regarding exchange of information relating to tax matters on 22 August 2014. Under the
See MoreHong Kong signed exchange of information agreement with Iceland
The Government of the Hong Kong Special Administrative Region of the People’s Republic of China and the Government of Iceland signed an agreement regarding exchange of information relating to tax matters on 22 August 2014. Under the agreement,
See MoreHong Kong signed exchange of information agreement with Greenland
The Government of the Hong Kong Special Administrative Region of the People’s Republic of China and the Government of Greenland signed an agreement regarding exchange of information relating to tax matters on 22 August 2014. The Government of
See MoreHong Kong signed exchange of information agreement with Faroe Islands
The Government of the Hong Kong Special Administrative Region of the People’s Republic of China and the Government of the Faroes signed an agreement regarding exchange of information relating to tax matters on 22 August 2014. The Faroes concludes
See MoreHong Kong signed exchange of information agreement with Denmark
The Government of the Hong Kong Special Administrative Region of the People’s Republic of China and the Government of the Kingdom of Denmark signed an agreement regarding exchange of information relating to tax matters on 22 August 2014. Under the
See MoreVenezuela-Palestinian Autonomous Area ITA approved by Venezuela
The National Assembly of Venezuela has accepted the Income Tax Agreement (ITA) between the Palestinian Autonomous Areas and Venezuela on August 6, 2014 and was signed on May 17, 2014. Further details of the agreement will be reported
See MoreKorea-Tax Reform Proposals for 2015
The Ministry of Strategy and Finance of Korea announced the Tax Reform Proposals for 2015 on 6 August 2014. According to the proposals a new corporate accumulated earnings tax will be levied on excess cash of large corporations with equity capital
See MoreIsrael-Germany new Income Tax Treaty signed
The new Income Tax Treaty between Germany and Israel has signed on August 21, 2014 that will replace the Germany - Israel Income Tax Treaty (1962), as amended by the 1977 protocol. Further details of the new treaty will be reported
See MoreIndia: Government to approve GST by the end of the year
Recently, the Indian Finance Minister presenting the 2014-2015 budgets and stated that the government will work to introduce GST by the end of this year. Although similar statements have been made during the past five years, so it is uncertain as
See MoreHong Kong and Republic of Korea Sign bilateral Double Tax Agreement
In order to avoid double taxation, Hong Kong and Republic of Korea signed a double taxation agreement on 08 July 2014. The Agreement was concluded in the Chinese, Korean and English languages, each text having equal authenticity. In the case of
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