Netherlands releases explanation on dividend withholding tax exemption for exempt companies
The Dutch Tax and Customs Administration has issued an explanation on 30 March 2017 regarding dividend withholding tax exemption for exempt companies. According to the explanation domestic and foreign entities which are exempt from corporate income
See MoreDealmaking in Central & Eastern European Real Estate
 Investing, Developing, and Leasing in Central & Eastern Europe A two-hour webinar, May 9, 2017, from 11am -1pm NYC time Sponsored by  Emerging and Frontier Markets Association ​This webinar will not only cover investing in
See MoreBelgium, Moldova amending protocol to DTA signs
On 30 March 2017, Belgium and Moldova signed an amending protocol to Double Taxation Agreement (DTA) for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Brussels. Once in force, the 2008
See MoreUK drops Double Taxation Treaties (Developing Countries) Bill 2016-17
On 24 March 2017, the second reading debate for the Double Taxation Treaties (Developing Countries) Bill 2016-17 was expected to resume. However, the order was not moved so the bill has effectively been dropped by its sponsoring MP and will not
See MoreAndorra, Italy EOI Agreement enters into force
On 27 March 2017, the Exchange of Information (EOI) Agreement between Andorra and Italy was entered into force. The agreement generally applies from 27 March 2017 for criminal tax issues and from 1 January 2018 for all other tax
See MoreAndorra, Portugal DTA enters into force
On 23 April 2017, the Double Taxation Agreement (DTA) between Andorra and Portugal will enter into force for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. The treaty generally applies from 1
See MoreDTA between Cyprus and Jersey entered into force
The income tax treaty between Cyprus and Jersey entered into force on 17 February 2017. The treaty was signed on 11 July 2016. The treaty generally applies from 1 January 2018. The treaty generally follows the OECD Model. Under the treaty, there
See MoreDTA between Cyprus and Iran entered into force
The income tax treaty between Cyprus and Iran entered into force on 5 March 2017. The treaty was signed on 4 August 2015. The treaty generally applies from 1 January 2018. Under the treaty, the withholding tax on dividends is 5% if the beneficial
See MoreBelgium approves multilateral competent authority agreement on automatic exchange of information
According to a press release of 23 March 2017, the government of Belgium announced that the Council of Ministers had approved, on that date, a bill implementing the OECD Automatic Exchange of Financial Account Information Agreement and the bill
See MoreUK: Withholding tax exemption on interest for debt traded on a MTF
At Spring Budget 2017, the government of United Kingdom announced its intention to introduce an exemption from withholding tax on interest for debt traded on Multilateral Trading Facilities (MTF), in order to make UK wholesale debt markets (that
See MoreSouth Africa: SARS issues ruling on MFN clause in a treaty with Sweden
On 1 March 2017, the South African Revenue (SARS) issued a private binding ruling no. BPR 267 regarding dividends tax and the ‘most favoured nation’ clause in a tax treaty concluded with Sweden. The ruling determines whether dividends tax must
See MoreSpain: Ministry of finance and public administration approve new CIT prepayment forms
Ministerial Order HFP/227/2017 of 13 March 2017 was gazette on 15 March 2017. The order approves the model 202 to make payments fractionated on account of the tax and the tax on the income of non-resident permanent establishments and entities in
See MoreUK: New tax changes of Finance Bill 2017
On Monday 20 March 2017, the Government of UK published Finance Bill 2016-17. Finance Bill 2017 continues the government’s crackdown on tax avoidance, helps tackle childhood obesity, and improves the fairness of the tax system while modernising
See MoreNetherlands amendments to bill on country-by-country reporting
The State Secretary for Finance has submitted an amended bill to the lower house of the parliament regarding country-by-country reporting on 21 March 2017. The bill implementing Council Directive (EU) 2016/881 of 25 May 2016 amending Directive
See MoreBelgium publishes investment allowance rates for 2017
According to Official Gazette of 14 March 2017, the rates of the investment allowance for the tax year 2017 (assessment year 2018) are following: Type of investment Rate of allowance (%) Companies Individuals Patents; environmentally friendly
See MoreNetherlands: Decree establishing market interest rates for interest-free liabilities
Decree No. 2017-22042 of 7 March 2017 establishing the market interest rates for interest-free liabilities have been published in official gazette No. 15371 on 17 March 2017. The Decree updates and replaces the Decree No. BLKB2015/1650M of 10
See MoreItaly-Ministerial Decree implementing Country-by-Country Reporting issued
The Italian Ministry of Finance issued a Decree on 8 March 2017 providing detailed information regarding the application of CbC reporting rules. The Decree is in accordance with an EU Directive of 25 May 2016 requiring all EU Member States to
See MoreUK: Penalties Relating to Offshore Matters and Offshore Transfers (Additional Information) Regulations 2017
The Penalties Relating to Offshore Matters and Offshore Transfers (Additional Information) Regulations 2017 (S.I. 2017/345) were made on 9 March 2017 and that stipulate the additional information that is required to be furnished when requesting
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