Sweden: Ratifies TIEA with Hong Kong
Sweden has ratified its TIEA with Hong Kong on November 19, 2014, which was signed on 22 August
See MoreSpain Approves Comprehensive Tax Reform Plans
Spanish parliament has approved the comprehensive tax reforms plans on 24 November 2014, which will be published shortly in the Official Gazette. The legislation will enter into force from January 1, 2015 and followings changes have been taken
See MoreCzech Republic-Kazakhstan Signs Protocol To Income and Capital Tax Treaty
The amending protocol of Income and Capital Tax Treaty (1998) between Czech Republic and Kazakhstan that was authorized on 16th October 2013 and has signed on 24th November 2014. Further details will be reported
See MoreAustria: Approves draft version of 2nd Tax Law Amendment Act 2014
The government of Austria approves a draft version of the 2nd Tax Law Amendment Act 2014 (2. Abgabenänderungsgesetz 2014) on 18 November 2014, it also submitted for parliamentary
See MoreSlovak Republic: Law amendments regarding excise duties signs
The amendments to the law related to excise duties were signed by the President on 19th November
See MoreSpain: Real Time VAT Reporting From 2017
The Spanish government has announced that it will introduce a new real-time VAT reporting system from January 1 2017, requiring larger tax payers to file transaction details within four days of invoices issued/received. The aim of the measure is to
See MoreCzech Republic-Slovak Republic Exchange of Information Agreement signs
The Tax Exchange of Information Agreement (TIEA) between Czech Republic and the Slovak Republic has signed on 13th November 2014 in Bratislava. Details of the treaty will be reported
See MoreSweden: Ratification of TIEAs with Grenada and Macau
Sweden has ratified its TIEAs with Grenada and Macau on November 5,
See MoreCanada-Spain Signs protocol to Income and Capital Tax Treaty
The amending protocol to Income and Capital Tax Treaty (1976) between Canada and Spain has signed on 18th November 2014 in Madrid. The protocol was authorized by the Spanish Cabinet on 17 October 2014. The Protocol would enter into force after a
See MoreCzech Republic: Burden of proof regarding investment incentives and transfer prices
The Supreme Administrative Court of the Czech Republic has issued a decision in a case regarding a company that took tax relief on the basis of some investment incentives and was needed to establish arm’s length prices due to its transaction with
See MoreFrance: Extension Of Electronics Audit File To Non-resident VAT Companies
All non-resident or foreign French VAT registered companies are required to prepare and submit their accounting statement in a prescribed electronic format for audits starting after 1 January 2015. This is an extension period, where the same
See MoreSwitzerland-Cyprus Treaty Approved By Swiss Federal Council
The Swiss Federal Council approved the Cyprus-Switzerland Double Tax Treaty on 12 November 2014 which was signed on 25 July 2014.The treaty will now be submitted to Parliament for
See MoreSpain: EU Court Backs Spanish Tax Breaks For Foreign Acquisitions
Spain has won against European Union for tax breaks intended to help its companies buy stakes in foreign firms, where EU regulators' campaign against tax deals they view as illegal subsidies. The EU court has ruled in Spain's favor regarding
See MoreCyprus and Iceland sign Double Taxation Agreement
The Republic of Cyprus and the Government of Iceland signed a Double Taxation Avoidance Agreement, on 13 November 2014, concerning income and capital. The agreement is based on the OECD Model Convention. By signing this agreement both countries aim
See MoreUK-Japan: Protocol to existing treaty enters into force very soon
The existing Income Tax Treaty between Japan and the UK will enter into force on December 12, 2014 followed by an exchange of diplomatic note on November 12, 2014. The protocol was previously signed on December 17, 2013. It includes provisions
See MoreBulgaria: New Government break on flat tax
A high level member of Bulgaria's new coalition Government has said that his alternative Party will oppose the Government's plans to retain the country's flat tax regime. The Deputy Prime Minister for Labor and Social Policy and his left-wing
See MoreFrance: Tax Administration Publishes Guidelines On The Abridged Transfer Pricing Documentation
French tax administration published guidelines on the abridged transfer pricing documentation in the Official Bulletin for Public Finances Taxes on 6 November 2014. Legal persons established in France must be submitted in the French language to the
See MorePortugal: VAT changes following 2015 Budget
The VAT regime has been changed in Portugal following the 2015 budget. The major changes are: Fees from exhibitions to be included in the base for the VAT calculation of advertising services. The VAT exemptions on goods in circulation have been
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