Draft list of commodities conditional to transfer pricing rules
Under the Russian transfer pricing (TP) rules in effect since 1 January 2012, import/export transactions with unrelated parties may be subject to the transfer pricing rules if such transactions involve global exchange-traded commodities. The
See MoreMalta and Norway DTA enters into force
A double tax agreement (DTA) between the Government of Malta and the Norwegian Government, signed on 30 March 2012, entered into force on 14 February 2013. New provision will come into application from 1 January, 2014 and these will replace the old
See MoreRussia: Amendments to Tax Code regarding corporate property tax
Russian Federal Law No. 202-FZ, issued on November 29, 2012, amended the Tax Code by introducing additional exemptions from corporate property tax. From January 1, 2013, the categories of assets not subject to corporate property tax include movable
See MoreCroatia-Georgia:Double Tax Treaty signed
Croatia and Georgia signed a Double Taxation Agreement on January 18,
See MoreTreaty between Liechtenstein and United Kingdom enters into force
The first Double Taxation Convention between the UK and Liechtenstein entered into force on 19 December 2012, which was signed in London on 11 June 2012. The Convention continues the cooperation between the UK and Liechtenstein on tax matters which
See MoreNew Swiss tax assistance law in effect
The Swiss Federal Council has announced that the new Tax Administrative Assistance Act (TAAA) will come into force on 1 February 2013. When the TAAA comes into effect the existing ordinance covering double taxation agreements will be repealed. The
See MoreMalta: Taxation of directors’ fees clarified
The tax authority of Malta clarifies the tax treatment of fees received by non-resident directors from companies resident in Malta. For this clarification, Malta tax authority has released a guidance note. Where the company is a resident, income
See MoreIncome and Capital Tax Treaty between Saudi Arabia and Ukraine
To build tax cooperation, Saudi Arabia and Ukraine signed an Income and Capital Tax Treaty on 2 September 2011 which enters into force on 1 December 2012. The treaty will be effective from 1 January 2013. According to the treaty the default tax
See MoreDouble Tax Agreement between Germany and Liechtenstein
Liechtenstein and Germany signed a bilateral double taxation agreement on 2011. The treaty will become effective from 1 January 2013. As per the agreement, there will be relief from withholding taxes for cross-border holdings as both countries
See MoreUkraine: Proposed amendments to the Tax Code
The following proposed tax rates will be increased: excise tax, vehicle registration charges, payment for subsoil use (if with a purpose other than extraction of minerals), ecological tax and charges for the use of radio frequency resources. The
See MoreIncome and Capital Tax Treaty between Argentina and Russia
The Income and Capital Tax Treaty (2001) between Argentina and Russia, which was signed on 10 October 2001, entered into force on 16 October 2012. The treaty is expected to be applied from 1 January 2013. It generally follows the OECD Model
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,
See MoreBahamas: TIEAs with Iceland and Greenland have entered into force
According to media reports, the tax information exchange agreements (TIEAs) the Bahamas signed with Iceland and Greenland have entered into force and will become effective from January 1,
See MoreSwitzerland’s Federal Council adopted five double tax agreements
On November 21, 2012, Switzerland's Federal Council adopted five double tax agreements, with Slovenia, Turkmenistan, the Czech Republic, Bulgaria and Peru, and forwarded them to parliament for its
See MoreDTA between Latvia and Russia entered into force
According to media reports, the double taxation agreement (DTA) between Latvia and Russia, signed in 2010, entered into force on November 6,
See MoreUkraine and Cyprus signed a Protocol to amend their DTA
On November 7, 2012, Ukraine and Cyprus signed a Protocol to amend their double taxation agreement
See MoreSwitzerland: Protocol With Portugal Forwards To Parliament For Approval
The Swiss government endorsed a Protocol to the nation's double taxation agreement (DTA) with Portugal on November 7, 2012, and forwarded the agreement to the nation's parliament for its
See MoreIreland: New DTAs with Thailand and Ukraine
The Irish tax authority has confirmed in a recent update that the nation has concluded negotiations towards new double taxation agreements (DTAs) with Thailand and Ukraine, and towards revised agreements with Belgium and
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