Singapore and Poland Sign Enhanced DTA
On November 4, 2012, Singapore and Poland signed an enhanced double taxation agreement (DTA), which also incorporates the internationally-agreed standard for exchange of information for tax purposes. The DTA was signed on the occasion of the visit
See MoreNew Zealand and Malaysia sign a Protocol to add tax information exchange
On November 6, 2012, New Zealand and Malaysia signed a Protocol to add tax information exchange provisions to their existing double taxation agreement
See MoreNew Zealand and Samoa agreed to open negotiations towards a DTA
Representatives from New Zealand and Samoa agreed to open negotiations towards the conclusion of a double taxation agreement (DTA) in meetings during the week ending October 21,
See MoreCzech Republic and Pakistan initial a DTA
On October 19, 2012, according to media reports, the Czech Republic and Pakistan initialled a double taxation agreement
See MoreSingapore and Jersey Sign DTA
On October 17, 2012, Singapore and Jersey signed a double taxation agreement (DTA), which also incorporates the internationally-agreed standard for the exchange of information for tax purposes. The signing ceremony took place at the Singapore High
See MoreGermany and Singapore have agreed to sign a Protocol to amend their existing DTA
Germany and Singapore have agreed to sign a Protocol to amend their existing double taxation agreement (DTA) to incorporate tax information exchange
See MoreDTA between Singapore and Germany under Renegotiation
Germany's Finance Minister, Wolfgang Schauble has announced that the renegotiation of the Singapore-Germany double taxation agreement (DTA) will be pursued during meetings scheduled for the week ending October 14, 2012, to expand tax information
See MoreIndia: Reduces tax rate on foreign borrowings
The Indian government has lowered the taxes charged on money borrowed by Indian companies in foreign currency. The changes are included in Finance Act 2012, which amends section 115A of the Income Tax Act and inserts a new section, 194LC, in the
See MoreIsle of Man and Singapore Sign DTA
On September 21, 2012, Singapore and the Isle of Man signed a double taxation agreement which also incorporates the internationally-agreed standard for the exchange of information for tax purposes. The signing ceremony took place at the Singapore
See MoreIndia: Approves investor tax relief scheme
India's Finance Minister Shri. P. Chidambaram has approved a new tax relief scheme targeted at first time retail investors in the securities market. The Rajiv Gandhi Equity Saving Scheme (RGESS) will provide tax benefits to those investing up to
See MoreAustralian Parliament Passes Fund Manager Tax Reforms
The Australian government has loosened the tax requirements on the financial services industry in an effort to remove any barriers to the use of Australian fund managers by international investors. The Tax Laws Amendment (Investment Manager Regime)
See MoreDTAs between Portugal, East Timor and Panama ratified by Portugal
According to Portugal's Official Gazette, the double taxation agreements (DTAs) signed between Portugal and East Timor, and Portugal and Panama were ratified by Portugal on August 9,
See MoreThailand to Keep VAT at 7%
It has been published on 10 August 2012 that Thailand’s government has decided to postpone the planned increase in the value added tax (VAT) rate by two years to help stimulate the consumer spending and private sector investment, which are
See MorePhilippines pushes for increased 2013 revenue with no new taxes
As President Benigno Aquino’s government abides by his original promise not to introduce any new taxes in the first three years of his administration, the Philippines’ Bureau of Internal Revenue (BIR) will have to rely on improved tax compliance
See MoreVietnam Clarifies Tax Reductions for SMEs
On 6 August 2012 it was published that, in a decree to take effect on September 20, 2012, the Vietnamese government has confirmed that small and medium-sized enterprises (SMEs) will be given a 30% reduction in corporate income tax (CIT) this
See MoreSouth Korea Plans to Raise Minimum Corporate Tax Rate
On 2 August 2012 it was reported that, following a policy meeting between the South Korean government and the ruling Saenuri Party, it is planned to increase the minimum corporate tax rate payable by the largest companies. At present, companies in
See MorePhilippines Urged To Abolish Common Carrier Tax
The Board of Airlines Representatives is urging the Philippines to abolish, as soon as possible, the common carrier’s tax (CCT) on airlines flying out of the country, to benefit both the foreign trade and tourism sectors. In May this year, the
See MoreHungarian government approves a draft DTA with Bahrain
According to media reports, the Hungarian government on July 19, 2012, announced that it has approved a draft double taxation agreement (DTA) with
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