Belgian circular on individual taxation
The Belgian tax administration published a Circular on the taxation of non-resident individual taxpayers on 9 December 2016. A division is made between 3 groups of non-resident individuals that contains (a) non-residents obtaining 75% of their
See MoreMalta, Vietnam income tax treaty enters into force
On 25 November 2016, the income tax treaty between Malta and Vietnam was entered into force. This treaty will apply from 1 January
See MoreSpain-Estonia MFN clauses under DTA activated
The Spanish Ministry of Finance and Public Administration published a letter on 14 June 2016 addressed to the Estonian Minister of Finance. The letter activates the most-favoured-nation (MFN) clauses included in the Estonia - Spain Income and
See MoreSpain: Tax authority announced model country-by-country reporting form
Recently the Spanish tax authorities published a communication announcing the submission of a model country-by-country (CbC) reporting form (231). The form has not yet been approved. Under the Spanish corporate income tax regulations any entity or
See MoreSweden: Legislated Budget for 2017
The Government has been enacted the Budget Bill for 2017 on 16 December 2016. The budget will apply from 1 January
See MoreSpain: IMF urge to fiscal reform
The International Monetary Fund (IMF) published the Staff Concluding Statement of the 2016 Article IV mission on 13 December 2016. The statement includes a series of recommendations in order to improve the Spanish economy; it includes labour,
See MoreIreland: State aid investigation of TP rulings
The final decision of European Commission (EC) was published this week on its state aid investigations into Transfer Pricing (TP) rulings granted by Ireland to a US multinational group. Although the decision was announced in August 2016, publication
See MoreIreland: Entity registration form
The Irish Revenue Commissioners released a “reporting entity” registration form which is required to be filed by entities that do not already have an Irish Tax Reference Number or a Revenue Customer Number (RCN), and that have reporting
See MoreDraft bill of program law adopted by Belgian parliament
In December 2016, a draft bill of program law was submitted to the Belgian parliament and it contains the tax measures, including an increase of the standard withholding tax rate on dividends, interest and royalties from 27% to 30%. The measures
See MoreDTA between Austria and Iceland approved
The Austrian National Council approved the Austria - Iceland Income and Capital Tax Treaty (2016) on 15 December 2016 for the avoidance of double taxation. The treaty generally follows the OECD Model. According to the new treaty the maximum rates of
See MoreAustria: Publishes standardized transfer pricing documentation
The regulation on the implementation of standardised transfer pricing documentation was gazetted on 21 December 2016. The documentation requirements are in accordance with the recommendations of the Final Report on Action 13 of the OECD BEPS
See MoreUK: Double Taxation Treaties (Developing Countries) Bill 2016-17
On 20 January 2017, The Double Taxation Treaties (Developing Countries) Bill 2016-17 is expected to resume its second reading debate. The Bill places a duty on the Chancellor of the Exchequer to align the results of double tax treaties with
See MoreGreece: Draft bill on electronic payments adopted
The draft bill regarding electric payments has been adopted by the parliament on 21st December 2016 and it was presented to the parliament for approval on 12th December 2016. On the basis of the adopted text, companies that receive transactions by
See MoreBelgium: Various tax bill adopted by parliament
On 15 December 2016, the Bill on various tax and other measures, including the furthering of crowd funding, was adopted by the parliament and published in the Official Gazette of 21 December
See MoreAndorra deposits instrument of ratification for amending protocol to savings agreement with EU
On 20 December 2016, Andorra deposited its instrument of ratification for the amending protocol to the EU Savings Directive Agreement that was signed on 12 February 2016, concluding the legal requirements for its entry into force. The amending
See MoreGermany: Approves draft bill on combat of tax avoidance
The Federal Cabinet on 21 December 2016 approved the draft bill on the combat of tax
See MoreUK: Finance Act 2016, Section 162(1) and Schedule 20 Regulations 2016
On 19 December 2016, the Finance Act 2016, Section 162(1) and Schedule 20 (Appointed Day) Regulations 2016 were made. The Regulations appoint 1st January 2017 as the day on which section 162(1) of and Schedule 20 to the Finance Act 2016 (c. 24)
See MoreSingapore-signed competent authority agreement on automatic exchange of information with Ireland
The government of Singapore signed the Competent Authority Agreement on Automatic Exchange of Information (2016) with Ireland on 20 December 2016. The Agreement stipulates details about what information would be exchanged and when according to OECD
See More