Treaty between Albania and United Kingdom signed

01 April, 2013

On 26 March 2013, Albania and the United Kingdom signed a Double Taxation Agreement. The agreement generally follows the provisions of the OECD Model, with some modifications.  The agreement will enter into force when the appropriate ratification

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UK Finance Bill 2013 published

01 April, 2013

Following the Budget announcements on 20 March, the UK published the Finance Bill 2013 on 28 March 2013. The Bill includes a reduction in the main rate of corporation tax to 21% in 2014 and to 20% in 2015. Explanatory Notes to the Finance Bill have

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Finland Plans to Cut Corporate Tax Rate in 2014

27 March, 2013

On 21 March 2013, the government of Finland announced that it had reached an agreement on its tax plans for the tax years from 2014 to 2017. Finland plans to further cut its corporate tax rate to 20% from the current 24.5% rate, as of the beginning

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UK-Budget announcements for 2013

27 March, 2013

The Chancellor of the Exchequer presented the 2013 Budget to Parliament on 20 March, 2013. The draft Finance Bill is to be published on 28 March. As previously announced, the main rate of corporation tax will be reduced from 23% in April 2013 to 21%

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UK: new double tax treaty with Norway

27 March, 2013

On 14 March 2013 the UK signed a new double taxation treaty with Norway. When the treaty enters into force it will replace the current treaty which was signed in 2000. The treaty generally follows the provisions of the OECD Model and incorporates

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UK: New double tax treaty with Spain

27 March, 2013

On 14 March 2013 the UK and Spain signed a new double taxation treaty. The treaty will come into force when the ratification procedures have been completed. When it comes into effect the new treaty will replace the treaty currently in force which

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Double taxation convention between the United Kingdom and Ethiopia entered into force

18 March, 2013

The Comprehensive Double Taxation Convention between the UK and Ethiopia entered into force as of 21 February 2013. The treaty was signed on 9 June 2011. The convention generally follows the OECD Model Tax Convention. According to the provisions of

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Luxembourg-Czech Republic DTA signed

18 March, 2013

The Czech Republic and Luxembourg has signed a bilateral double taxation agreement (DTA) on March 5, 2013 and this new treaty will replace the former Czechoslovakia – Luxembourg Income and Capital Tax Treaty (1991). The new treaty generally

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Poland – Reviewed tax haven list, transfer pricing documentation

18 March, 2013

Poland’s Ministry of Finance proposed to change the rule and regulation containing the list of countries and territories that are identified as applying “harmful tax competition on March 8 2013”. After finalizing the changes the Polish

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Danish Government plans to reduce corporate income tax rate

18 March, 2013

On 26 February 2013, the government published a document stating that it plans to reduce the corporate income tax rate to 22% (currently 25%). The reduction would be implemented gradually by reducing the tax rate by 1 percentage point between the

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UK: Protocol to the double tax agreement with China

05 March, 2013

A protocol to the treaty between the UK and China was signed on 27 February 2013. This protocol amends the dividend article of the 2011 tax treaty between the UK and China which is not yet in force. Both the treaty and protocol will enter into force

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Poland – Changes to transfer pricing documentation, thin capitalization rules

05 March, 2013

Legislation to expand the scope of Poland’s corporate income tax law is intended to be effective in 2014. The provisions of the legislation released on February 18, 2013 include changes to the transfer pricing documentation and thin capitalization

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EU: ECJ Rules on German foreign tax credit rules

05 March, 2013

The European Court of Justice (ECJ) issued a decision on 28 February 2013 in the case of Dr. Manfred Beker and Christa Beker v Finanzamt Heilbronn. A preliminary ruling from the ECJ had been requested by the Federal Finance Court. The case

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Greece: Introduction of new Advance Pricing Agreement and Improvements of transfer pricing framework

05 March, 2013

Tax Law 4110/2013 was circulated in the Govt. Gazette on 23th January 2013. Aside from some major amendments on taxation of natural person and corporate income taxation, the new law includes an improvement of the Greek transfer pricing regulatory

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Portuguese Court’s decision in transfer pricing dispute relating to inter-company loan and management fees

27 February, 2013

The arbitration administrative court in Portugal recently ruled in favour of the taxpayer in a dispute with the Portuguese Tax Authorities (TA) in respect to the application of the arm’s length principle to inter-company loan and management fee

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Treaty between Finland and Uruguay enters into force

27 February, 2013

The Income and Capital Tax Treaty between Finland and Uruguay entered into force on 6 February 2013. The treaty generally applies from 1 January 2014. The treaty is based generally on the model tax conventions of the OECD and UN. The definition of a

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Treaty between US and Poland signed

24 February, 2013

United States has signed an Income Tax Treaty (2013) with Poland on 13 February 2013 which will replace the existing agreement, signed 1974.  The new treaty provides for reductions in withholding taxes on cross-border payments of dividends,

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Netherlands: New income tax allowances and tax rates for 2013 published

24 February, 2013

The 2013 income tax rates and allowances which apply at the BES Islands were published In the Official Gazette of 5 February 2013, Decree No. DB 20103-38M of 30 January 2013. For the year 2013 the tax rate for income from a substantial interest is

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