Czech 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
See MoreColombia: Foreign Ministry announces implementation of Free Trade Agreement (FTA) with the European Union (EU) and Peru
The Foreign Ministry of Colombia announced on November 6, 2014 a full implementation of free trade agreement (FTA) with the European Union (EU) and Peru. The FTA between the EU and Colombia has provisionally been applied since 1st August 2013. The
See MoreIreland signs new Double Taxation Agreement (DTA) with Ethiopia
Ireland and Ethiopia has signed a new Double Taxation Agreement (DTA) on November 3, 2014. The legal procedures to bring these agreements into force will need to be
See MoreFrance and Serbia Sign Social Security Agreement
France and Serbia signed a social security agreement on 6 November 2014. After in force and effective the agreement will be replaced by the France and former Serbia-Montenegro Social Security Agreement (1950) which was amended in 1967, 1974 and
See MoreBelgium: new government agrees on VAT compliance updates
The new government of Belgium has agreed on changes of VAT compliance issues. The changes are: 6% of the reduced VAT rate will be applicable on the expenditure for improvements to homes of at least 10 years old. Previously it was 5 years old to
See MoreEstonia: publishes a new version of combined tax form to report both corporate and payroll taxes
Estonia tax authority has published a new version of combined form to report both corporate and payroll taxes and which will be effective beginning in 2015. The first filing of the new form must be completed by 10 February
See MoreSweden: Supreme Administrative Court confirms the tax treatment of carried interest by private equity companies as capital gains
The Supreme Administrative Court has confirmed the tax treatment of carried interest by private equity companies as capital gains rather than income in a ruling from the Administrative Court of Appeal. Swedish tax agency filed an appeal claiming
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