Czech Republic-Kosovo DTA signed
The Czech Republic and Kosovo has signed a double tax agreement (DTA) on November 26, 2013 and it tends to follow the ideas of the OECD Model. The definition of a permanent establishment contains the provision of services in the other contracting
See MoreDTA between Austria and Slovenia
Austria completed its domestic ratification procedures on 26 November 2013, in relating of the amending protocol to the double tax agreement (DTA) signed with Slovenia, and the protocol entered into force on that date. The protocol includes detailed
See MoreCyprus disagree with OECD forum report regarding “Non-Compliant” Tax Rating
The OECD forum released a compliance ratings report on Tax Transparency and Exchange of Information assessing the legal and regulatory frameworks in the jurisdiction and how these are executed. The meeting was held in Jakatra focusing 50
See MoreBelgium: Cornerstones of savings tax reform is unveiled
A draft banking law is introduced by the Belgian Finance Minister.The Minister also confirmed has a plan to extend the favourable tax regime which is currently benefiting savings account interest in order include other types of savings and
See MoreBelgium increases withholding tax exemption for SME employers
A draft Royal Decree is approved by the Council of Ministers. It is relating to an increased exemption from professional wage-withholding tax (précompte professionnel) only for employers in the small- and medium-sized enterprise (SME) sector. For
See MoreBelgium: Documentary proof for intra-community VAT exemption is clarified
The Belgian VAT office is compelled to change its guidance regarding the requirements for the application of the VAT exemption on intra-community supplies. To enable suppliers of goods or services a number of conditions are set out under the EU
See MoreJapan – Signing of the Protocol Amending Tax Convention with the United Kingdom
Japan and the United Kingdom Signing of the Protocol Amending Tax Convention with the United Kingdom on 17 December 2013 which amending the current income tax treaty between the two countries. Before it enters into force the Protocol must be
See MoreNorway ratifies protocol to tax agreement between Norway and Germany
According to media reports, Norway’s parliament approved a law on December 5, 2013 to ratifying the Protocol to the double taxation agreement signed with
See MoreFrench and Italian FTT has been challenged by the German banks
The financial transactions tax (FTT) presently levied by France and Italy on trading in French and Italian securities need to be banned by the European Commission which is urged by the Leading associations from the German finance industry. They
See MoreFrance-Increase of VAT rate from 1 January 2014
The government of France announced on 16 December 2013 to reduce the VAT rate from 19.6% to 20% in 2014. The increased VAT rate should be applied on all taxable supplies from 1 January
See MoreNetherlands – new transfer pricing decree
The Dutch Deputy Minister of Finance in late November 2013 issued a decree that generally unifies and clarifies prior transfer pricing guidance, and withdraws and cancels prior decrees from 2001 and 2004. The effective date for the new transfer
See MorePoland’s VAT changes effective in 2014
Poland’s value added tax (VAT) law changes that is effective from 1 January 2014. Changes to the date when VAT liability arises (the tax point); a new definition of the taxable base; new rules for input VAT deductions; new provisions in relation
See MoreRomania: comprehensive VAT deferment scheme to importers
The import VAT abeyance scheme has been extended in Romania under a Order issued by the Ministry of Finance at the end of last month. At present, persons who are owner of the specialized VAT deferment certificates are offered the opportunity to
See MoreCzech Republic: Corporate tax liability is affected by regional aid rules
An essential fact that may impact indirectly the tax liability of Czech companies is the end of the seven-year (2007-2013) period for taking regional aid via EU programs and the starting of a new one, which will be related to new rules in this area
See MoreTax treaty between India and United Kingdom – Indian decision on taxability of fees for technical services
The Indian Income Tax Appellate Tribunal (ITAT) issued its decision on 31 May 2013 in the case of Veeda Clinical Research Private Limited (ITA 1406/Ahd/2009) that the provision of market awareness and development in-house training services to an
See MoreFrance – “Abridged” transfer pricing documentation to be filed annually
On 12 December 2013 it was reported that recently enacted transfer pricing legislation includes a new requirement for large taxpayers to file annually an “abridged” version of their transfer pricing documentation. The requirement to file the
See MoreCroatia Proposed to change VAT Rates
The Croatian Government has drawn a draft bill that was reported on 12 December 2013, which proposed multiple modifications to the Croatian Value Added Tax Act to substantially change provisions regarding the nation’s concessionary VAT rates. The
See MoreSweden: Social security contributions for employees in R&D has been reduced
A Legislation passed by the Swedish Riksdag which will enable companies with personnel working with research or development (R&D) to reduce their employer social security costs. A potential savings in employer social security costs of
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