Ireland: New tax treatment of certain dividends
On 12 June 2017, Irish Revenue published Tax and Duty Manual Part 02-02-03a that deals with the tax treatment of certain foreign dividends paid out of trading profits, which in accordance with section 21B Taxes Consolidation Act 1997, may be
See MoreIreland updates Tax and Duty Manual
On 12 June 2017, Irish Revenue published the amended Tax and Duty Manual Company Incorporation – Economic Activity to reflect updated legislative references in the Companies Act 2014 and revised contact
See MoreLuxembourg signs the Multilateral Convention
On 7 June 2017 the Luxembourg Finance Minister Pierre Gramegna signed, on behalf of Luxembourg, the OECD Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting, which aims to close loopholes in
See MoreLatvia signs OECD Multilateral Instrument
On 7 June, the Foreign Minister signed, on behalf of Latvia, the OECD Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting, which is to close loopholes in the current bilateral tax treaties and
See MoreCzech Republic signs OECD Multilateral Instrument on tax treaty related measures
The Czech Republic has signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting ("Multilateral Instrument" or "MLI"). On 7th of June 2017, over 70 Ministers and other high-level
See MoreFinland signs multilateral tax treaty convention
Finland has signed the Multilateral Convention ("Multilateral Instrument" or "MLI") to implement tax treaty related measures to prevent base erosion and profit shifting (BEPS). On 7 June 2017, the Minister for Foreign Trade and Development Kai
See MoreBulgaria signs new multilateral convention to prevent tax avoidance
Bulgaria has signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting ("Multilateral Instrument" or "MLI"). More than 68 countries, including Bulgaria, signed the Convention on 7 June
See MoreCyprus signs OECD Multilateral Instrument
Cyprus has signed the Multilateral Convention to implement tax treaty related measures to prevent Base Erosion and Profit Shifting ("Multilateral Instrument" or "MLI"). More than 68 countries, including Cyprus, signed the Convention on 7 June 2017
See MoreHong Kong: AEOI agreement with Ireland
Hong Kong has signed an agreement with Ireland for conducting automatic exchange of financial account information in tax matters (AEOI) from 2018 onwards, a Government spokesman said on June 8, 2017. The spokesman added that they have been seeking
See MoreRomania: DTA with Uzbekistan signed
The president of Romania signed a law ratifying the amending protocol of Double Taxation Agreement (DTA) with Uzbekistan on 8 May
See MoreItaly: Draft law ratifying DTA with Romania approved
The Senate of Italy approved the draft law ratifying the Double Taxation Agreement (DTA) with Romania on 4 May 2017. Once in force and effective, the treaty will replace the existing DTA of
See MoreIreland: Surcharge on certain undistributed income of close companies
On 8 June 2017, Irish Revenue published the Tax and Duty Manual Part 13-02-05 which deals with the close company surcharge under section 440 TCA 1997, has been updated. The Manual explains that capital allowances are not deductible against estate
See MorePortugal: DTA with Ethiopia enters into force
The Double Taxation Agreement (DTA) between Ethiopia and Portugal entered into force on 9 April 2017. The agreement provides for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on
See MoreIreland: DAC2/CRS return deadline extended
The Irish revenue has delayed the filing deadline for DAC2/CRS returns until 18 August 2017. As the opportunity to begin filing is delayed, revenue reminds customers that the Registration facility for DAC2/CRS is still fully operational and
See MoreGreece signs Multilateral Convention to Prevent Tax Avoidance, Double Taxation
The Deputy Finance Minister, Katerina Papanatsiou, signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting ("Multilateral Instrument" or "MLI"). More than 76 other countries and
See MoreCanada: DTA negotiations with Germany
The Finance Department of Canada has declared that negotiations to update its Double Tax Agreements (DTA) with Germany will be held in June 2017. The main objective of this release is to ensure that persons whose interests are affected have an
See MoreGermany signs the Multilateral Convention to implement tax treaty related BEPS measures
Finance Minister Schäuble signed the OECD Multilateral Instrument (MLI) on 7 June 2017 in Paris. The MLI instrument represents a vital step forward in the fight against base erosion and profit shifting (BEPS) and is a remarkable consensus agreed
See MoreNetherlands: Bill on country-by-country reporting gazetted
The lower house of the Dutch parliament adopted a bill implementing EU directive 2016/881, mandating the automatic exchange of country-by-country reporting information among EU member states on 26th April 2017. On 2nd June 2017, EU directive
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