French Senators Axe Tax Break for Overtime Hours
It has been published on 30 July 2012 that, within the framework of its examination of the country’s second 2012 supplementary finance bill, the French Senate has abolished the tax exemption applicable to overtime hours in France, a measure
See MoreDraft DTA between Germany and the Philippines agreed
The government of the Philippines has confirmed that a draft double taxation agreement (DTA) between Germany and the Philippines was agreed at a fourth round of negotiations held on July 20, 2012. It has been agreed the pact will be signed in early
See MoreBelgium: Parliament has approved five DTA protocols
The Belgian parliament has approved five protocols to double taxation agreements signed between Belgium and Luxembourg, Denmark, France, the United Kingdom and France, as part of the country's ratification
See MorePortugal-Luxembourg DTA entered into force
According to notice no. 65/2012, published by the Portuguese government on June 20, 2012, two protocols amending the Portugal-Luxembourg double taxation agreement (DTA) entered into force on May 18,
See MoreSwitzerland and Portugal Sign DTA Protocol
It was reported on 27 June 2012 that Switzerland and Portugal have recently signed in Lisbon a protocol to amend the bilateral double taxation agreement (DTA) between the two countries in the area of taxes on income and capital. According to the
See MoreProtocol between the Czech Republic and Uzbekistan enters into force
The Embassy of the Czech Republic reported that a protocol to the double taxation agreement (DTA) signed between the Czech Republic and Uzbekistan entered into force on June 15,
See MoreAustria’s financial police enforce tax compliance
Austria’s Finance Minister Maria Fekter has recently underlined the key role of the country’s financial police in enforcing payment of due taxes and thereby ensuring tax justice in Austria. Alluding to the fact that the financial police now play
See MoreItaly introduces tax measures for growth
The Italian government has issued its long-awaited decree aimed at boosting growth in the economy, particularly through tax incentives for construction companies, infrastructure projects and energy efficiency. Corrado Passera, the Economic
See MoreEstonia’s parliament approved a draft DTA with Cyprus
According to media reports, Estonia's parliament on June 7, 2012, approved a draft double taxation agreement (DTA), and an accompanying Protocol, signed between Estonia and
See MoreEstonia’s parliament approved a draft DTA with Cyprus
According to media reports, Estonia's parliament on June 7, 2012, approved a draft double taxation agreement (DTA), and an accompanying Protocol, signed between Estonia and
See MoreFinland: Deductibility of interest limitations
On 13 June 2012 it was published that the Finnish Government has released a draft regarding a bill to limit the deductibility of interest expenses in business taxation. The goal of this proposed regulation is to secure Finland’s tax base and to
See MoreDTA between Portugal and Norway will enter into force
According to the Norwegian government, the double taxation agreement (DTA) between Portugal and Norway, signed on March 10, 2011, will enter into force on June 15,
See MoreDTA between Lithuania and Morocco under negotiations
According to media reports, Lithuania and Morocco held a second round of double taxation agreement (DTA) negotiations from October 29-November 2,
See MoreDouble Taxation Convention between UK and Liechtenstein
A first-time comprehensive Double Taxation Convention between the UK and the Principality of Liechtenstein was signed in London on 11 June 2012 by the Exchequer Secretary to the UK Treasury and the Prime Minister of Liechtenstein. Together with the
See MoreLuxembourg and Lebanon Near DTA Conclusion
It was reported on 11 June 2012 that Luxembourg’s Economy Minister has recently conducted a working visit to Lebanon to promote economic relations between the two countries. During the course of his visit, the Luxembourg minister held talks with
See MoreItaly- Recent developments on MAPs
The ITA released on 5 June 2012 Circular 21/E/2012, to provide guidance to local tax offices on the application of Mutual Agreement Procedures (MAPs). According to the Circular the rules governing the MAP process have to be found in the respective
See MoreDanish parliament approves the DTA signed between Denmark and Hungary
According to media reports on May 24, 2012 the Danish parliament has approved the double taxation agreement (DTA) that was signed between Denmark and Hungary on 27 April
See MoreDenmark’s parliament approved two bills regarding DTA
On May 24, 2012, Denmark's parliament approved two bills that would ratify the double taxation agreement (DTA) signed between Denmark and Hungary, and a Protocol amending the DTA signed between Denmark and
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