Denmark: Filing a paper form is no longer possible for companies
The Ministry of Taxation announced, on 3 February 2015, a new schedule relating to the digitalization of corporate tax filing. A new schedule was required as the necessary adjustments to the IT systems will be more time-consuming and complicated
See MoreSlovak Republic: Proposal for VAT due on payment from customer
A pending proposal regarding the time when the VAT is to be remitted would revise in Slovak Republic. So VAT would be due at the time of customer payment received. It would affect when an input VAT deduction claim could be made. It is expected that
See MoreRussia: Federal Arbitration Court has made decision regarding tax audits of adjusted tax returns
A Russian company naming “OJSC RN Holding (OJSC)” has submitted adjusted tax returns for June, August and December 2009 to the tax authority and claimed a reduction of the excise tax liability paid upon excise good’s importation to Russia.
See MoreItaly and Switzerland Agree an Amendment to Their Existing Double Tax Agreement (DTA)
Italy and Switzerland have agreed an amendment to their existing Double Tax Agreement (DTA) to enhance tax information exchange
See MoreIceland: Final regulation on transfer pricing documentation
Accordance with the Regulation No. 1180/2014 the Ministry of Finance issued the final regulation on transfer pricing on 16 December 2014, which entered into force on 1 January 2015. The final regulation clarifies that the transfer pricing rules and
See MoreNorway: Ratification of Double Taxation Treaty Protocol with Brazil
As per the media report, Norway has ratified its Double Taxation Treaty protocol to amend its Double Taxation Treaty (DTA) agreement with Brazil on December 4,
See MoreNorway: Ratification of Double Taxation Agreement (DTA) With Bulgaria
As per the media report, Norway has ratified its Double Taxation Agreement (DTA) with Bulgaria on December 4,
See MoreCyprus: Double Tax Agreement With Iceland Come Into Force
The Income Tax Treaty between Cyprus and Iceland entered into force on 23 December 2014 and its provisions apply from 1 January 2015. The treaty was signed on 13 November 2014. Under the treaty, withholding tax on dividend will be 5 % if the
See MoreAzerbaijan: Tax Code Amendments Comes into Force From 1 January 2015
President of Azerbaijan has approved and published the amendments to the Tax Code, which have already come into force. Individuals whose monthly income is less than AZN 250 are exempt from personal income tax. So the individuals whose annual income
See MoreMalta: Tax Rates for Basis Year 2015
Malta's income tax rates for the basis year 2015 are as follows: Chargeable Income (€) Single Rates From To Rate Subtract (€) 0 8,500 0% 0 8,501 14,500 15% 1,275 14,501 60,000 25% 2,725 60,001 and over 35% 8,725 Married
See MoreSpain and Andorra Sign Double Tax Agreement
Spain and Andorra have signed an agreement on January 8, 2015, by which both countries pledge to end double taxation with respect to taxes on income. The agreement refers to the treatment of dividends, interests, fees and capital gains in the same
See MoreCyprus: Double Tax Agreements With Spain And Norway Come Into Effect
Cyprus's double tax treaties with Spain and Norway come into effect as of January 1, 2015. All of the new treaties concluded by Cyprus are generally based on the Organisation for Economic Co-operation and Development (OECD) Model Tax Convention
See MoreUkraine: Parliament Approves Tax Reform Plans
The Ukraine Parliament approved a package of laws on December 28, 2014, which significantly amend the system of taxation in Ukraine. Key changes are summarized below; General Provisions Number of taxes was decreased from 22 to 11 (including 2
See MoreBrazil & Norway: Protocol to DTA ratified by Norway
The protocol to Income and Capital Tax Treaty (1980) between Brazil and Norway has signed on 20 February 2014 and it has been ratified by Norway. Further details will be reported when they are
See MoreNorway & Bulgaria: DTA ratified by Norway
Norway has ratified the Bulgaria - Norway Income Tax Treaty of 2014 on 4 December 2014. The new treaty will replace the Bulgaria - Norway Income and Capital Tax Treaty (1988) as soon as it enters into force and is effective in both
See MoreUkrainian Cabinet Dissolves DTA With Cyprus
The Cabinet of Ministers of Ukraine approved the draft law on the denunciation of the Cyprus - Ukraine Income Tax Treaty (2012), on December 17, 2014. Prime Minister of Ukraine, Arseniy Yatseniuk said that when the convention was signed in 2012, it
See MoreDTA between Argentina and Switzerland ratified by Argentina
Argentina ratified the new Income and Capital Tax Treaty between Argentina and Switzerland, by way of Law No. 27.010, on November 28, 2014. The law on ratification was published as Decree No. 2262 in the Official Gazette of 11 December
See MoreSaudi Arabia & Switzerland: DTA negotiations ongoing
According to an update published by the Swiss Federal Administration on 1 October 2014, negotiations of a Income Tax Treaty between Saudi Arabia and Switzerland are ongoing. Further details will be reported
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