Italy-Senate approves Income Tax Treaty with Barbados
The Income Tax Treaty between Italy and Barbados was approved by the Italian Senate on 12 January 2017. The treaty was signed on 24 August
See MoreCzech Republic: DTA with Korea Republic authorizes
The government of the Czech Republic on 16 January 2017, authorized the negotiation of a new Income Tax Treaty with the Republic of Korea. When signed, in force and effective, the new treaty will replace the existing Income Tax Treaty (signed in
See MoreSlovenia: Publishes advance pricing agreement rules
Details on the introduction of Advance Pricing Arrangements (APAs) are now available in the Official Gazette on 28 December 2016. Accordingly, the following rules will apply from January 2017: (i) The application of APA must be addressed to the
See MoreAustria-EU: Further details of tax changes
The Austrian Ministry of Finance on 2 January 2017, published a report on the tax changes that are applicable from 2017. In addition to the measures already described, further changes regarding 'EU measures' are summarised below: Beneficial
See MoreUK-Swiss Confederation: Taxation Co-operation Agreement terminated
The UK-Swiss Confederation Taxation Co-operation Agreement ended on 31 December 2016. An agreement terminating the UK-Swiss Taxation Co-operation Agreement was signed on 14 November 2016 by HM Revenue and Customs Permanent Secretary and Executive
See MoreTIEA between Costa Rica and Italy ratified
The Tax Exchange Information Agreement (TIEA) between Costa Rica and Italy has been ratified on 14th January 2017 by the Italian Council of Ministers through a draft law. It was signed on 27th May
See MoreIran: DTA between Iran and Slovak Republic ratified
The Income Tax Treaty of 2016 between Slovak Republic and Iran has been ratified on 3rd January 2017 by the president of Iran for avoiding double
See MoreIreland publishes VAT notes for guidance
Irish Revenue issued notes for guidance on VAT changes established by Finance Act 2016, on 28 December 2016. The amendments provide that the turnover method is the primary method of apportionment but, where that does not correctly reflect the
See MoreMalta: IRD issues Guidelines on use of Mutual Agreement Procedure
The Inland Revenue Department of Malta issued guidelines for the use of the Mutual Agreement Procedure under the provisions of Article 96(2) of the Income Tax Act (ITA), on 15 December 2016. The procedure permits the Malta Competent Authority to
See MoreGermany: Announces reduction of energy tax for manufacturing companies
The Ministry of Finance issued a press release on 11 January 2017, specifying that be eligible manufacturing companies may apply a percentage of the tax cap on their 2017 electricity and energy tax due because energy consumption reduction goals were
See MoreNetherlands: Tax Plan for 2017 publishes in the official gazette
The Upper House of Parliament approved tax plan for 2017, on 20 December 2016. This tax plan has published in the official gazette (No. 544.) on 29 December
See MoreBulgaria: VAT registration changes for non-legal entities
Following the adoption of various VAT amendments, the Revenue Agency has published a notification on 11th January 2017 regarding the obligation for non-legal entities to register for VAT if at least one partner is registered under Bulgarian law.
See MoreBelgium approves DTA with Russia
On 23 December 2016, the Belgian Council of Ministers approved the double tax agreement (DTA) with Russia for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Once in force and effective, the
See MoreSpain: Government approves CbC reporting form
The country-by-country (CbC) reporting form 231 approved on 30 December 2016 in an order no. HFP/1978/2016 of 28 December 2016. The CbC report must be submitted by a company resident in Spain that is the parent company of a corporate group for the
See MoreUK, Canada exchange of letters to DTA enters into force
On 21 December 2016, the exchange of letters of double tax treaty (DTA) between United Kingdom and Canada was entered into force and that was signed on 11 August 2015 by the United Kingdom and on 27 July 2015 by Canada. As of 21 December 2016 the
See MoreProtocol and exchange of letters to DTA between UK and Isle of Man enter into force
On 29 November 2016, the exchange of letters and amending protocol of double tax agreement (DTA) between Isle of Man and United Kingdom was entered into force and that was signed on 8 March 2016 by the Isle of Man and on 29 February 2016 by the
See MoreUS-Croatia FATCA agreement enters into force
The Foreign Account Tax Compliance Act (FATCA) Agreement between the United States and Croatia entered into force on 27 December 2016. The agreement was signed on 20 March 2015 for implementation of the Foreign Account Tax Compliance Act
See MoreUS-Belgium FATCA agreement entered into force
Foreign Account Tax Compliance Act (FATCA) Agreement between United States and Belgium entered into force on 23 September 2016. The agreement was signed on 23 April 2014 for implementation of the Foreign Account Tax Compliance Act
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