Thailand Refuses To Give Foreign Dividend Tax Exemption
It was published on 9 July 2012 that the Deputy Prime Minister and Finance Minister have immediately rejected a call from Thailand’s business sector for a tax exemption on dividends received from overseas investments. The Thai Chamber of Commerce
See MoreNew Zealand and Japan have agreed to update their existing bilateral DTA
New Zealand and Japan have agreed in principle to update their existing bilateral double taxation agreement (DTA), the New Zealand government announced on June 29,
See MoreProtocol between the Czech Republic and Uzbekistan enters into force
The Embassy of the Czech Republic reported that a protocol to the double taxation agreement (DTA) signed between the Czech Republic and Uzbekistan entered into force on June 15,
See MoreNew DTA signed between New Zealand and Canada
The double taxation agreement (DTA) signed between New Zealand and Canada on March 3, 2012, which replaces the existing DTA signed between the two countries, was forwarded to New Zealand's parliament on June 18, 2012, as part of the nation's
See MoreTIEA signed between Australia and Liechtenstein enters into force
According to media reports, the tax information exchange agreement (TIEA) signed between Australia and Liechtenstein on June 21, 2011, entered into force on June 22,
See MoreHong Kong: No Tax Cut for SMEs
It was reported on 31 May 2012, that the government will not introduce a lower profits tax rate for micro-enterprises. There were about 300,000 small and medium-sized enterprises (SMEs) in Hong Kong by the end of 2011, accounting for more than 98%
See MoreAmendment to DTA between India and Japan enters into force
On May 24, 2012, the Indian government published a notification announcing the entry into force of an amendment to the DTA between India and Japan. The revised provisions became effective on April 1,
See MoreLithuania ratifies the DTA signed with India
Lithuania on May 4, 2012 ratified the double taxation agreement (DTA) the nation signed with
See MoreSingapore and Portugal Sign TIE Protocol
A protocol to the existing double taxation agreement (DTA) between Singapore and Portugal was signed on May 28, 2012, and will enter into force after the completion of ratification procedures by both countries. The protocol was signed in Singapore
See MoreNegotiation concluded between China and Ecuador towards DTA
On 11th May 2012, China and Ecuador concluded four days of negotiations towards a double taxation agreement
See MoreTIEA between Hungary and Kazakhstan
On 4th May 2012, Hungary and Kazakhstan signed a Tax information exchange
See MoreIndia- introduction of an APA program
The Finance Minister of India introduced the Finance Bill, 2012, on 16 March 2012 in which with respect to transfer pricing, the introduction of an advance pricing agreement (APA) program as well as other transfer pricing-related items has been
See MoreDTA between China and Ecuador under negotiation
China and Ecuador held the first round of their negotiations towards a double taxation agreement (DTA) during five days of meetings in Beijing, which concluded on May 11,
See MoreHong Kong launches APA programme
On March 29, 2012, the Inland Revenue Department (“IRD”) took an important step forward by formalizing the Advance Pricing Arrangement (“APA”) programme in Hong Kong. The IRD issued Departmental Interpretation and Practice Notes Number 48
See MoreHong Kong Signs DTA with Malaysia
On 25 April 2012, in Kuala Lumpur, Hong Kong’s Financial Secretary, and the Malaysian Minister of Finance, signed a comprehensive double taxation agreement (DTA) between Hong Kong and Malaysia. Under the new agreement, double taxation will be
See MoreHong Kong-Japan DTA Comes Into Effect
It was reported on 6 April 2012 that the governments of Japan and Hong Kong have exchanged notes and the double taxation agreement (DTA) between the two countries entered into force on April 1, 2012. Hong Kong signed the DTA with Japan on November
See MoreNew Zealand Pushes Tax Credits for ‘Payroll Giving’
New Zealand's Revenue Minister has praised the creation of a new website which offers information for employers seeking to establish Payroll Giving schemes in their workplaces. The country's Payroll Giving is a scheme which allows an employee to
See MoreIndia’s Indirect Tax Revenues Peak
India's indirect tax revenue rose 9.6% in February, with the government having now collected 88.7% of its revenue target for the fiscal year to date. The latest statistics show that indirect tax revenue collections hit INR314bn (USD6.3bn), up 9.6%
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