Revised Tax Plan by Dutch Second Chamber
The Dutch government's 2013 tax plan has been adopted by The Dutch Second Chamber, of fiscal measures including plans to introduce a so-called "lessors’ tax" in 2013; to increase the insurance premium tax; and to introduce new rules applicable to
See MoreIncome Tax Treaty between Lithuania and Mexico enters into force
Mexico and Lithuania signed an Income Tax Treaty on 23 February 2012. The treaty has come into force on 29 November 2012, and will be applicable from 1 January 2013. Under the provisions of the treaty an enterprise will have a permanent
See MoreHungary-Tax Law changes for 2013
On 12 October 2012 a bill introducing the 2013 "tax package" was introduced into the Hungarian Parliament. Further amendments to the package were proposed on 18 November and on 29 November 2012 the changes for 2013 were published in the Official
See MoreTax on non-resident pension funds in Finland held to be discriminatory
The European Court of Justice (ECJ) has ruled that a tax on dividends received by non-Finnish pension funds in Finland is discriminatory. Currently, resident pension funds can avoid paying tax on dividends from investments by transferring such
See MoreWithholding Tax on Dividends-new Danish Anti-Avoidance Rules applies from 2013
The Danish Ministry of Taxation presented a bill containing anti-avoidance rules regarding withholding tax on dividends. The purpose of the Draft Bill is to adjust certain unplanned consequences of the current rules. If adopted this bill applies
See MoreNetherlands Bill Softens Exit Tax Rules
It was reported on 17 December 2012 that the Dutch Second Chamber has recently approved a bill submitted by the Financial State Secretary amending existing legislation pertaining to exit tax. The bill provides companies electing to relocate abroad
See MoreDouble Taxation Agreement (DTA) between Austria and Chile
Austria and Chile signed a bilateral Double Taxation Agreement (DTA) on 6 December 2012.The treaty is intended to provide greater transparency and certainty in tax matters for Austrian companies which are active in Chile. This DTA is regarded as an
See MoreIncome Tax Treaty between Latvia and Turkmenistan enters into force
Latvia and Turkmenistan signed an Income Tax Treaty on 11 September 2012. This treaty came into force on 4 December 2012 and will be applicable from 1 January 2013. The treaty generally follows the provisions of the OECD Model, but the definition
See MoreItalian Law Decree aims at incentives for start-up companies
The Italian Government has approved Law Decree, No. 179 of 18 October 2012, which has been published in Official Gazette No. 194. The Decree introduces incentives for innovative start-up companies, to encourage economic growth. For the first time
See MoreIncome Tax Treaty between Iceland and Slovenia
Iceland and Slovenia signed an Income Tax Treaty on 4 May 2011, and the treaty came into force on 11 September 2012. The treaty will be applicable from 1 January 2013. The treaty generally follows the provisions of the OECD Model. The maximum
See MoreBelgium: Agreement on tax measures for budget 2013
The Federal Government of Belgium has recently come to an agreement on the tax measures in the Budget 2013. This includes changes to the corporate tax rate and the withholding tax rate. There are also some indirect tax measures but those are not yet
See MoreIrish Revenue announces transfer pricing compliance monitoring approach
On 6 December 2012 it was published that the Irish Revenue released guidance on 26 November 2012 setting out how they are proposing to monitor transfer pricing compliance in accordance with Part 35A of the Taxes Consolidation Act 1997 The guidance
See MoreFrench Committee Adopts Supplementary Finance Bill
On 4 December 2012 it has been published that the French National Assembly Finance Committee has recently adopted the country’s 2012 supplementary finance bill, which constitutes a key stage in the government’s overall plan to strengthen the
See MoreA new DTA between Ireland and Germany
According to the Irish Revenue Commission, a new double taxation agreement (DTA) to replace Ireland's existing DTA with Germany entered into force on November 28, 2012, and will be effective from January 1,
See MoreSpain and Cyprus initial a DTA
On November 27, 2012, according to the Spanish government, Spain and Cyprus initialled a double taxation agreement
See MoreGerman Bundestag Adopts 2013 Budget
The German Bundestag, or lower house of parliament, has recently adopted the government’s 2013 federal budget, providing for a reduction in the pension insurance contribution by 0.7% to 18.9%, and for the abolition of the highly unpopular practice
See MorePolish President ratifies Protocols amending Poland’s DTAs with Iceland and Luxembourg
On November 16, 2012, Polish President Bronislaw Komorowski ratified Protocols amending Poland's double taxation agreements (DTAs) with Iceland and
See MoreMexico’s new DTAs with Lithuania and Ukraine
Mexico’s new double taxation agreement (DTAs) with Lithuania and the Ukraine will enter into force on November 29, 2012, and December 6, 2012,
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