DTA between Australia and Switzerland ratified by Australia
On 24th September 2014, Australia completed its domestic ratification procedures with respect to the DTA signed with Switzerland. Once in force and effective, the new treaty will replace with the treaty between Australia and Switzerland Income Tax
See MoreIceland-Albania: Signed an income tax treaty
Iceland and Albania signed an income tax treaty on 26 September 2014. Further details will be reported
See MoreUAE-Hungary Income Tax Treaty ratified
According to the Decree No. 73/2014, the Income Tax Treaty between United Arab Emirates and Hungary has been ratified. The treaty has entered into force on 4 October 2014 and this will be effective from 1 January 2015. The further detail information
See MoreRussia: Obligatory notification for dual nationality or foreign residence permits requires
Russia acted out a law that effective from 4 August 2014 requiring Russian citizens to give notice to the Federal Migration Service (FMS) where they have dual nationality, or foreign residence permits. For Russian citizens who already have dual
See MoreTreaty Between Cyprus And Norway Enters Into Force
The new Income Tax Treaty between Cyprus and Norway entered into force on 8 July 2014 and its provisions will apply from 1 January 2015. Under the treaty, withholding tax on dividends is 0% if the beneficial owner is a company (other than a
See MoreUkraine agrees to tax relief to boost compliance
As part of changes to the tax regime announced by the head of authority, Ukraine intends to cut the number of taxes and fees payable by businesses from 22 to 9. This initiative is taken to foster an improved working relationship with taxpayers. The
See MoreSwitzerland- Belgium: ICTT has been approved
The Belgium - Switzerland Income and Capital Tax Treaty (ICTT) of 1978 has been signed on 10 April 2014 and this amending protocol has been approved by the Swiss Federal Council on 19
See MoreRussia: Revised version of the draft law publishes
The Ministry of Finance in Russia has released a significantly revised version of the draft law on the package of tax initiatives on September 2, 2014. This contains a number of significant changes affecting such matters as exclusions from
See MoreNorwegian Tonnage Tax Regime Tweak has been approved by EFTA
Amendment to the Norwegian Special Tax System for Shipping has been approved by the European Free Trade Association Surveillance Authority (EFTA Surv). Shipping income is exempted from ordinary corporate tax and only a tonnage tax related to the
See MoreRussia: Zero VAT rate applicable to freight services provided by certain vessels
The Finance Ministry (MoF) has issued Letter No. 03-07-РЗ/32218 on July 3, 2014 describing the VAT rate applicable to the provision of services of seaborne vessels and combined navigation vessels based on time charter agreements for the reason of
See MoreTurkey -Moldova FTA signed
The Free Trade Agreement (FTA) between Moldova and Turkey has signed on September 11, 2014. Further details will be reported
See MoreAlbania-UAE Income and Capital Tax Treaty has been ratified
The Income and Capital Tax Treaty between Albania and United Arab Emirates has been ratified on June 19, 2014 by the Albanian Parliament by way of Law No. 61/2014 as released in the Official Gazette No. 109 of July 11, 2014. Further details will be
See MoreRussia: Simplification in VAT invoice
Businesses those are VAT registered in Russia will no need to deliver consumers along with full VAT receipts from 1st October 2014. The VAT invoices in Russia must be delivered within 5 days of the provision of the service or goods. This change will
See MoreEU-Ukraine Association Agreement Ready To Ratify
The technical preparation of the EU-Ukraine Association Agreement for its subsequent ratification by parliament will be completed in the near future, the Ukrainian Foreign Ministry has said. Both sides will progressively establish a free trade area
See MoreSwitzerland – Ghana: Protocol treaty signed
The protocol to Ghana - Switzerland Income and Capital Tax Agreement of 2008 has been signed on 22 May 2014 and this protocol provides an exchange of information provision (article 26 of the OECD Model).Further details of the treaty will be reported
See MoreRussia: Interest derived by a foreign company is subject to CIT
The Finance Ministry has released Letter No. 03-00-08/2/29954 that describes the tax treatment applicable to interest paid by a Russian resident individual to a foreign company on the basis of loan agreement. In accordance with article 246 of tax
See MoreAndorra – Switzerland: Exchange of information agreement ratified
The Andorra - Switzerland exchange of information agreement of 2014 was ratified by Andorra on 24 July 2014 and after the ratification that law was released in the Official Bulletin No. 51(Andorra) on 27 August 2014. Further details of the agreement
See MoreMalta and United States FATCA Enters Into Force
The Foreign Account Tax Compliance Act (FATCA) agreement (2014) between Malta and the United States entered into force on 26 June 2014. The Agreement, which is a Model 1A, was signed on 16 December 2013. Under the agreement, Foreign Financial
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