Romania and Norway sign income tax treaty
A convention between Romania and the Kingdom of Norway was signed on 27 April, 2015, for the elimination of double taxation and the prevention of income tax evasion. The new treaty will replace the Norway - Romania Income and Capital Tax Treaty
See MoreFATCA agreement between Netherlands and United States entered into force
The Foreign Account Tax Compliance Act (FATCA) Model 1A Agreement between Netherlands and United States entered into force on 9 April
See MoreAustria: First Details of Tax Reform
The Ministry of Finance published the first details of the planned Tax Reform on 20 March 2015. The amendments will generally be applicable with effect from 1 January 2016. Main changes of the reform are as follows: Individual tax: Reduction of
See MoreAustria: Ministry of Finance Publishes Guidance on Mutual Agreement and Arbitration Procedures
The Ministry of Finance published guidance on 31 March 2015 regarding mutual agreement and arbitration procedures under tax treaties and under the EU Arbitration Convention (90/436 on the Elimination of Double Taxation in connection with the
See MoreFinland: Government approves law adopting amendments to non-residents taxation
The President of Finland signed a law on 24 April, 2015 regarding the proposal (HE 365/2014) amending the taxation of non-residents. The proposal was adopted 12 February 2015. The proposal entails that the taxation of non-resident individuals by
See MoreEU JTPF Considers the Arbitration Convention and EU Transfer Pricing Documentation
The EU Joint Transfer Pricing Forum (JTPF) met on 12 March 2015. Following the consideration of information from the European Commission on current ongoing issues the Forum considered a revised draft of the final report on improving the functioning
See MoreECJ rules on VAT exemption for postal services
The European Court of Justice (ECJ) has ruled in the case of European Commission v Sweden in respect of the VAT exemption for postal services. The European Commission referred Sweden to the ECJ on 10 March 2014 under Article 258 of the Treaty on
See MoreECJ ruling on exemption from capital duty under the Capital Duty Directive
On 22 April 2015 the European Court of Justice (ECJ) delivered its ruling in the case of Drukarnia Multipress. Drukarnia was a Polish limited liability company that intended to carry out a conversion into a limited joint-stock partnership (SKA) and
See MoreDTA between Ireland and Zambia signed
The income tax treaty between Ireland and Zambia was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income in Lusaka on 31 March 2015. Once in force and effective, the new treaty will
See MoreDTA between Ireland and Pakistan signed
The Income Tax Treaty between Ireland and Pakistan was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income in Dublin on 16 April 2015. Once in force and effective, the new treaty will
See MoreUK: Main Rate of Corporation Tax Falls to 20% and is Unified
The main rate of Corporation Tax for 2015 is 20% (With the exception of oil and gas companies with ring fence profits) from 1 April 2015. The Corporation Tax will be charged at a single rate known as the main rate. The small profits rate was
See MoreTreaty between Austria and Romania: Romanian Ministry of Finance Clarifies Taxation of Interest
The Romanian Ministry of Finance (MoF) issued Circular No. 674003 on 20 January 2015, expounding the taxation of interest payments under the Austria-Romania Income and Capital Tax Treaty. Main Changes are: According to article 11, paragraph 2 of
See MoreECJ: VAT input tax deductions on supplies made free of charge
On 22 April 2015 the Advocate General of the European Court of Justice (ECJ) issued an opinion in the case of Sveda UAB. The case was referred to the ECJ on 17 March 2014 for a preliminary ruling and the Court was requested to provide an answer to
See MoreECJ: decision on disbursements and the VAT taxable amount
The European Court of Justice (ECJ) delivered its ruling in the case of Wojskowa Agencja Mieszkaniowa w Warszawie on 16 April 2015. The case concerned the inclusion of disbursements in the taxable amount for computing value added tax. The case was
See MoreFinland: Tax authority released guidance on FATCA agreement with US
The Finish tax administration published a guidance named A57/200/2015 on 15 April, 2015 regarding the application of the Finland– United States FATCA Model 1A Agreement (2014), which entered into force on 20 February 2015. According to guidance
See MoreDTA between Malawi and Netherlands signed
Malawi and the Netherlands signed a income tax treaty for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income on 19 April
See MorePoland: New thin capitalization rules
The thin capitalization rules changes in Poland and this rule enacted as an amendment to Poland’s corporate income tax law, and signed by the president on 17 September 2014 and from 1 January 2015 the “thin capitalization” rules has been
See MoreECJ decision on Germany’s deferred tax on capital gains
On 16 April 2015 the European Court of Justice (ECJ) issued a decision in relation to Germany’s tax rules on hidden reserves. On 27 September 2012 Germany was referred to the ECJ by the European Commission which considered that Germany had
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