France: National Assembly Approves The Treaty With Andorra
The French National Assembly approved the income tax treaty with Andorra on 20 January 2015. Further details of the treaty will be reported
See MoreThe United Kingdom and Croatia sign a Double Taxation Agreement (DTA) on January 15, 2015
The United Kingdom and Croatia have signed a Double Taxation Agreement (DTA) on January 15, 2015. The aim of this agreement is to avoidance of double taxation and prevention of fiscal
See MoreFrance: Increases Transfer Pricing Documentation Penalties
France’s 2015 Finance Bill, enacted on December 29, 2014, increased the penalties applicable in cases of failure to comply with the French transfer pricing documentation rules. The newly defined penalty for a failure to produce transfer pricing
See MoreItaly and Switzerland Agree an Amendment to Their Existing Double Tax Agreement (DTA)
Italy and Switzerland have agreed an amendment to their existing Double Tax Agreement (DTA) to enhance tax information exchange
See MoreCzech Republic-US: FAQs on application of FATCA agreement published
The General Tax Directorate of Czech Republic has released frequently asked questions (FAQs) about the implementation and application of the US Foreign Account Tax Compliance Act (FATCA) agreement between the Czech Republic and the United States on
See MoreCzech Republic: Information on mandatory electronic submissions for VAT purposes
The General Tax Directorate of Czech Republic has released information regarding compulsory electronic submissions in VAT proceedings on its website. As effect from 1st January 2014, VAT returns and other documents must be submitted electronically.
See MoreFrance: VAT Regime Modified
The French VAT authority has issued a number of decrees regarding modifications to the VAT regime. The modifications, effective on 1 January 2015, include: VAT rates The VAT rate on construction services provided in designated deprived areas has
See MoreFrance and Singapore Sign Bilateral Double Tax Agreement
A revised double tax treaty was signed between Singapore and France on 15 January 2015. In the case of the Singapore, the treaty covers the income tax. In the case of France, the treaty covers the income tax, corporation tax, contributions on
See MoreBulgaria: National Revenue Agency begins new electronic service
A new electronic service of the tax administration became available on 15th January 2015. The service permits companies and individuals to file tax returns and tax compliance documents through the National Revenue Agency (NRA)’s website by using a
See MoreCyprus: Double Tax Agreement With Iceland Come Into Force
The Income Tax Treaty between Cyprus and Iceland entered into force on 23 December 2014 and its provisions apply from 1 January 2015. The treaty was signed on 13 November 2014. Under the treaty, withholding tax on dividend will be 5 % if the
See MoreBulgaria: Summary of tax amendments that apply from 2015
On 9 January 2015 the Finance Ministry published a summary of amendments to the tax legislation that are effective from 1st January 2015. The amendments include the following major tax changes: Personal income tax Introduction of a new tax relief
See MoreDTA between Taiwan and Ireland under negotiation
On January 13, 2015, Ma Ying-jeou, the Taiwanese president said that the Republic of China and Ireland have enjoyed close exchanges in recent years and that both sides are now negotiating on signing an agreement for the avoidance of double taxation
See MoreCzech Republic: VAT amendments during 2015
The changes regarding value added tax (VAT) effective in the Czech Republic from 1st January 2015 are given below: The 10% reduced VAT rate will be applied to necessary baby nutrition, certain types of pharmaceuticals for human and veterinary
See MoreGreece Defines “Related Persons” for Transfer Pricing Purposes
The Public Revenue Administration issued a letter ruling on 9 January 2015 to define a “related person” for transfer pricing purposes. As per the Ruling letter, a related person is who owns at least 33% of equity shares or voting rights and
See MoreItaly: E-Invoicing Requirements for Suppliers of Goods and Services
The suppliers of goods and services in Italy will be required to submit electronic invoices through Italy's online platform to almost all public authorities (PAs) from March 31, 2015. Businesses supplying public authorities must provide the required
See MoreFrance-China Income Tax Treaty Enters Into Force
The income tax treaty between France and China became effective from January 1, 2015. The treaty was signed on November 26, 2013 and the necessary ratification procedures have now been completed. Under the treaty, the following withholding taxes
See MoreAustria: Ministry of Finance publishes report from Tax Reform Commission
The Austrian Ministry of Finance published a report by the Tax Reform Commission on 12 January 2015. The Tax Reform Commission consists of members from the coalition parties and the report was prepared in 2014. The report comprises several proposals
See MoreProtocol to treaty between Austria and Tajikistan approved by Tajikistan
Tajikistan's parliament approved the amending protocol on 7 January 2015 which was signed on 13 March 2013, to the Austria - Tajikistan Income and Capital Tax Treaty (2011). Further details of the protocol will be informed
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