Norway Unveils ‘Neutral’ 2013 Budget
It was reported on 11 October 2012 that Norway has unveiled its 2013 budget ahead of next year’s elections, including less fiscal stimulus than previously expected. As part of its 2013 budget, Norway is set to double its carbon taxes on oil firms
See MoreAustria and Montenegro initialled a DTA
According to media reports, on September 19, 2012, Austria and Montenegro initialled a double taxation agreement
See MoreIsle of Man and Singapore Sign DTA
On September 21, 2012, Singapore and the Isle of Man signed a double taxation agreement which also incorporates the internationally-agreed standard for the exchange of information for tax purposes. The signing ceremony took place at the Singapore
See MoreUkraine’s Cabinet approves the signing of a DTA with Ireland
On August 15, 2012, Ukraine's Cabinet approved the signing of a double taxation agreement (DTA) between Ukraine and
See MoreBulgaria approves draft DTA initialled with Switzerland
On July 25, 2012, the government of Bulgaria approved the draft double taxation agreement (DTA) initialled between Bulgaria and Switzerland on November 28,
See MoreRussia: Polymetal Loses Transfer Pricing Dispute
On 1 August 2012 it was published that the Supreme Arbitration Court of Russia has recently ordered Polymetal International, a Russian gold and silver producer, to pay RUB883m in additional taxes, penalties and interest as part of a transfer pricing
See MoreHungarian government approves a draft DTA with Bahrain
According to media reports, the Hungarian government on July 19, 2012, announced that it has approved a draft double taxation agreement (DTA) with
See MoreLiechtenstein and Japan Sign TIEA
It was reported on 10 July 2012 that Liechtenstein’s Prime Minister and Japan’s ambassador have recently signed in Vaduz a bilateral tax information exchange agreement (TIEA) in accordance with the Organization for Economic Cooperation and
See MoreProtocol signed between Latvia and Georgia on DTA
On 29th May 2012, Latvia and Georgia signed a Protocol amending their existing Double Tax
See MoreTIEA between Hungary and Kazakhstan
On 4th May 2012, Hungary and Kazakhstan signed a Tax information exchange
See MoreRussia Lines Up Heavy Crude Export Tax Relief
On 9 March 2012 it was reported that the Russian government is considering the introduction of a significant new tax concession to make expensive extra-heavy crude extraction and refinement projects more viable, to boost the nation's export
See MoreRussia- Introduces new Transfer Pricing Rules
New Federal Law FZ-227 of 18 July 2011 which enacted comprehensive transfer pricing rules entered into force on 1 January 2012. According to the new Law, companies falling under the scope of transfer pricing rules will be obligated to disclose
See MoreRevised DTA between Germany and Switzerland entered into force
The revised double taxation agreement (DTA) between Switzerland and Germany has now entered into force following a recent exchange of the instruments of ratification. The revision of the existing DTA between the two countries was signed on October
See MoreDTA with Taiwan has been recognized by Switzerland
Switzerland’s Federal Council has recently recognized the double taxation agreement (DTA) of October 8, 2007 with Chinese Taipei (Taiwan). The federal act on the recognition of private agreements for the avoidance of double taxation of June 17,
See MoreSwitzerland adopts four DTAs
On 29 November 2011 it has been published that Switzerland’s Federal Council has adopted the dispatches on four further double taxation agreements (DTAs), which will now be submitted to parliament for approval. The negotiated economic benefits of
See MoreNorway : Budget Proposals of 2012 has been unveiled
To support a stable economy containing the Norwegian government has recently unveiled details of its 2012 fiscal budget. According to the declaration the overall level of taxation will remain unchanged in 2012. It also notes that there is scope for
See MoreTax deal signed between Switzerland and UK
A landmark tax agreement concerning the taxation of UK investors’ income in Switzerland has been signed in London recently. The British Bank clients’ future investment income and capital gains in Switzerland will be subject to a final
See MoreAn attempt of rapprochement on tax between Italy and Switzerland
To unblock the stalled negotiations for a double taxation agreement (DTA) between Italy and Switzerland, an attempt has been made, during a meeting organised by the Italian Senate’s Foreign Affairs Committee. In fact, there has been a
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