Sweden updates guidance on CbC reporting
The Swedish tax agency has updated their tax returns and reporting guidance on country-by-country (CbC) reporting requirements on 19 October 2017. The update provides some additional clarifications based on questions that have been received by the
See MoreSpain and Romania sign an agreement to avoid double taxation
On 18 October 2017, the Double Taxation Agreement (DTA) between Spain and Romania was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Bucharest. Once in force and effective, the
See MoreLatvia and Pakistan sign an agreement on avoidance of double taxation
Pakistan and Latvia on October 25, 2017, after the second round of negotiations, concluded an agreement on the Avoidance of Double Taxation with regard to income tax and prevention of tax evasion and avoidance (ADTA). Avoiding the double taxation
See MoreBulgaria: NRA approves CbC reporting format and process
The Executive Director of the National Revenue Agency (NRA) approved the country by country reporting format and procedures on October 31, 2017, by Order No. ЗЦУ-1410. According to NRA, the ultimate parent entity, who is a resident for tax
See MoreGreece: VAT compliant receipts to fight fraud
The Government has announced a monthly lottery on the basis of VAT compliant receipts issued to consumers for trying to reduce VAT fraud. From the last of October, every single VAT receipt issued in the country will display a unique number, which
See MorePoland: Draft bill amendment regarding tax deductibility of intra-group charges
Poland’s Public Finance Commission of the Lower Chamber of Parliament has debated and passed noteworthy changes of the current draft bill on 24th October 2017. Under the draft bill issued by the Government in July, tax deductibility of various
See MoreNetherlands and Zambia: Dutch parliament approves DTA
The lower house of the Dutch parliament approved the Double Taxation Agreement (DTA) with Zambia on 24 October 2017 for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Once in force and
See MorePoland: Decree on information regarding transfer pricing documentation
A decree on information to be included in statutory transfer pricing documentation concerning taxpayer transactions with related parties entered into force on 3 October 2017. It lays down a detailed content that must be included in the transfer
See MoreBelgium, Macedonia DTA enters into force
On 17 July 2017, the Double Taxation Agreement (DTA) between Belgium and Macedonia was entered into force and it will apply from 1 January 2018. From this date, the new treaty will replace the existing DTA of
See MoreBelgium: Corporate tax reform
On 27 October 2017, according to a press release, on the proposal of the Minister of Finance, the government approved the corporate tax reform. The corporate tax reform process would take place in two phases, 2018 and 2020. Under the tax reform,
See MoreItaly: Cabinet approves 2018 budget bill
The Council of Ministers of Italy approved the draft Budget Law for 2018 on 16 October 2017. The main tax measures according to the approved Budget law are as follows: -incentives specifically on the temporary accelerated depreciation regime, the
See MoreSpain: Council of Ministers authorizes to sign DTA with Romania
On 13 October 2017, the Council of Ministers of Spain authorized to sign a Double Taxation Agreement (DTA) with Romania. Once in force and effective, the new treaty will replace the existing DTA of
See MoreSpain: Cabinet approves the DTA with Finland
On 6 October 2017, the Cabinet of Spain approved the Double Taxation Agreement (DTA) with Finland for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Once in force and effective, the new treaty
See MoreSpain: Congress of Deputies approves the DTA with Finland
On 17 October 2017, the Spanish Congress of Deputies approved the Double Taxation Agreement (DTA) with Finland for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Once in force and effective,
See MoreDouble tax treaty between Cyprus and Ethiopia enters in to force
On 19 October 2017, the Double Taxation Agreement (DTA) between Cyprus and Ethiopia was entered into force and it will apply from 1 January 2018 in Cyprus and from 8 July 2018 in
See MoreCyprus and Mauritius sign an amending protocol to double tax treaty
An amending protocol to the double taxation agreement between Cyprus and Mauritius of 21 January 2010 was signed on 23 October 2017. The Protocol revises the provisions on information exchange in order to comply with the OECD Model Tax
See MoreFinland: DTA with Germany will enter into force on 16 November 2017
On 16 November 2017, the Double Taxation Agreement (DTA) between Finland and Germany will enter into force and it will apply from 1 January 2018. From this date, the new treaty will replace the existing DTA of
See MoreLatvia and Vietnam sign an agreement for the avoidance of double taxation
On October 19, 2017, an intergovernmental agreement on the elimination of double taxation and the prevention of fiscal evasion with respect to income tax was concluded between the Republic of Latvia and the Socialist Republic of Vietnam. The
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