Latest headlines for February 2008

Date Headline Source
29 Feb 2008 Generating your client list UK Revenue
29 Feb 2008 Moldova; United Kingdom - Treaty between Moldova and UK ratified IBFD*
29 Feb 2008 India - Budget for 2008/09 IBFD*
29 Feb 2008 Macau; China (People's Rep.) - Tax changes for 2008 IBFD*
29 Feb 2008 Liechtenstein; Germany; Netherlands - Bank account holders in Liechtenstein: several countries intend to investigate IBFD*
28 Feb 2008 Australia - Temporary shed is main residence IBFD*
28 Feb 2008 India - Indian decision on applicability of tax exemption on income arising from transfer pricing self-adjustments IBFD*
28 Feb 2008 Qatar; Macedonia - Treaty between Qatar and Macedonia ratified IBFD*
28 Feb 2008 European Union; Germany - European Commission allows Germany to lower taxes on diesel fuel used for port handling activities IBFD*
28 Feb 2008 Hong Kong; China (People's Rep.) - Budget for 2008/09 IBFD*
28 Feb 2008 Germany; European Union - Federal Finance Court holds withholding tax system applied to non-resident artists and sportsmen compatible with EC law IBFD*
28 Feb 2008 European Union; Germany - ECJ: German treatment of currency loss from repatriation of PE's start-up capital incompatible with EC freedom of establishment IBFD*
27 Feb 2008 Austria; European Union - CCCTB ? Possible content of community law provisions ? conference held in Vienna IBFD*
27 Feb 2008 Brunei; Oman - Treaty between Brunei and Oman signed IBFD*
27 Feb 2008 India; United States - Indian decision on taxability of payments made to US credit rating agency IBFD*
27 Feb 2008 Belgium; United States - Circular on exchange of bank information between Belgian and US tax administrations published IBFD*
27 Feb 2008 Bulgaria; United States - Protocol to treaty between Bulgaria and US signed IBFD*
27 Feb 2008 Germany - Ministry of Finance publishes draft guidance on application of interest barrier IBFD*
27 Feb 2008 Sweden; European Union - Bill amending rules on pension insurance ? compliance with EU law IBFD*
27 Feb 2008 Spain; Bosnia and Herzegovina - Treaty between Spain and Bosnia and Herzegovina signed IBFD*
27 Feb 2008 Netherlands; European Union - Discrimination according to place of establishment under Dutch group taxation regime held compatible with EU law IBFD*
26 Feb 2008 Albania - Amendments to VAT Law IBFD*
26 Feb 2008 United Kingdom - Liechtenstein bank account holders: HMRC open enquiry IBFD*
26 Feb 2008 European Union; Poland - ECJ: AG holds that Polish VAT refund provisions are incompatible with VAT Directive IBFD*
26 Feb 2008 Sosnowska Europa
26 Feb 2008 Commission v Germany Europa
26 Feb 2008 Liechtenstein - Liechtenstein to amend law on foundations IBFD*
26 Feb 2008 India - Indian decision on taxability of gains on redemption of "Stock Appreciation Rights" IBFD*
26 Feb 2008 Albania - Income tax for small business IBFD*
26 Feb 2008 New Zealand - Stapled securities IBFD*
26 Feb 2008 New Zealand - New rate of interest for student loans IBFD*
26 Feb 2008 New Zealand - New prescribed rate of interest for fringe benefit tax IBFD*
26 Feb 2008 Qatar; Turkey - Treaty between Qatar and Turkey enters into force IBFD*
26 Feb 2008 Judgment of the Court Europa
26 Feb 2008 Mayr Europa
25 Feb 2008 European Union - EC Communication on measures to change VAT system to combat fraud IBFD*
25 Feb 2008 European Union; Italy - ECJ: Interpretation of abusive practice for Italian VAT purposes IBFD*
25 Feb 2008 European Union; Germany; Luxembourg - ECJ: Advocate General finds non-deductibility of foreign PE losses in Germany incompatible with EC freedom of establishment ? details IBFD*
25 Feb 2008 Netherlands; Jersey - Agreements on exchange of information and mutual agreement procedures concerning profit adjustment and application of Netherlands participation exemption with Jersey ? entry into force IBFD*
25 Feb 2008 Switzerland - Corporate Tax Reform II approved IBFD*
25 Feb 2008 France - Model agreement and Form 2779 on the payment of French dividend withholding tax published IBFD*
25 Feb 2008 Pakistan - Exemption from capital value tax for motor cars yields positive results IBFD*
25 Feb 2008 United States - Final regulations issued on deduction for domestic production activities IBFD*
25 Feb 2008 Uzbekistan - Tax amnesty for individuals IBFD*
22 Feb 2008 Italy; United Kingdom - Merger of UK companies with Italian PEs: tax consequences IBFD*
22 Feb 2008 India - Three export related services exempted from service tax  IBFD*
22 Feb 2008 Aruba - Changes in income tax, wage tax and social security IBFD*
22 Feb 2008 Australia - CFC attribution based on de-facto control test clarified IBFD*
22 Feb 2008 Australia - Geological sequestration expenses deductible IBFD*
22 Feb 2008 Qatar; Venezuela - Treaty between Qatar and Venezuela ratified IBFD*
22 Feb 2008 Tajikistan; Azerbaijan - Treaty between Tajikistan and Azerbaijan ratified IBFD*
22 Feb 2008 Tajikistan; Romania - Treaty between Tajikistan and Romania signed IBFD*
22 Feb 2008 Germany - Federal Ministry of Justice publishes draft bill on new Volkswagen law IBFD*
22 Feb 2008 India; Luxembourg - Indian Cabinet approves tax treaty with Luxembourg IBFD*
22 Feb 2008 Ukraine - Changes in VAT procedures IBFD*
22 Feb 2008 Vietnam; Finland - Investment protection agreement between Vietnam and Finland signed IBFD*
22 Feb 2008 Recent updates to the Pay As You Earn Manual HMRC manuals
21 Feb 2008 Commission v Ireland Europa
21 Feb 2008 Philippines - Amendments on guidelines for registration of securities borrowing transactions and tax treatment IBFD*
21 Feb 2008 Singapore; Turkey - Investment guarantee agreement between Singapore and Turkey signed IBFD*
21 Feb 2008 Tajikistan; Belgium - Treaty between Tajikistan and Belgium initialled IBFD*
21 Feb 2008 South Africa - VAT registration process simplified IBFD*
21 Feb 2008 European Union - New EU VAT Directives and Regulation IBFD*
21 Feb 2008 Commission v France Europa
21 Feb 2008 Netto Supermarkt Europa
21 Feb 2008 Telecom Italia Europa
21 Feb 2008 Klöppel Europa
21 Feb 2008 Robledillo Núñez Europa
21 Feb 2008 Tele2 Telecommunication Europa
21 Feb 2008 Part Service Europa
21 Feb 2008 Commission v Italy Europa
21 Feb 2008 Commission v Girardot Europa
21 Feb 2008 Commission v Luxembourg Europa
20 Feb 2008 South Africa - Recent changes in South African tax law IBFD*
20 Feb 2008 Namibia - Income Tax Act amended IBFD*
20 Feb 2008 Australia - Decision on debt forgiveness and existence of permanent establishment IBFD*
20 Feb 2008 European Union; Germany; Netherlands - ECJ: Advocate General finds German rules for taxation of cross-border dividends under old imputation system compatible with EC law ? details IBFD*
20 Feb 2008 FIAMM and FIAMM Technologies v Council and Others Europa
20 Feb 2008 Indonesia - Corporate tax rate may be reduced to 25% IBFD*
20 Feb 2008 Norway; Israel - Social security treaty between Norway and Israel enters into force IBFD*
20 Feb 2008 Qatar; Azerbaijan - Treaty between Qatar and Azerbaijan ratified IBFD*
20 Feb 2008 Qatar; Belgium - Treaty between Qatar and Belgium ratified IBFD*
20 Feb 2008 Qatar; Sri Lanka - Treaty between Qatar and Sri Lanka ratified IBFD*
20 Feb 2008 Taiwan - Explanatory Letters issued on benefits provided to foreign professionals IBFD*
20 Feb 2008 Malaysia; Syria - Treaty between Malaysia and Syria ? details IBFD*
20 Feb 2008 Germany; European Union - Financial Court of Cologne: Taxation of low-level funds under old German Foreign Investments Act incompatible with EC law IBFD*
19 Feb 2008 Venezuela; Malaysia - Treaty between Venezuela and Malaysia ratified IBFD*
19 Feb 2008 United States; Belgium; Denmark; Finland; Germany - IRS issues supplemental tables of income tax rates under new income tax conventions IBFD*
19 Feb 2008 Azerbaijan; Hungary - Treaty between Azerbaijan and Hungary signed IBFD*
19 Feb 2008 Germany; United Kingdom - Federal Finance Court denies interest on refund of withholding tax IBFD*
19 Feb 2008 Ukraine; Morocco - Treaty between Ukraine and Morocco ? details IBFD*
19 Feb 2008 Isle of Man - Budget for 2008-09 ? details IBFD*
19 Feb 2008 Isle of Man - Interest and repayment supplement: revised rates IBFD*
19 Feb 2008 Namibia - Withholding tax introduced on interest IBFD*
18 Feb 2008 Venezuela; Qatar - Treaty between Venezuela and Qatar ratified IBFD*
18 Feb 2008 Zambia - Budget for 2008 ? details IBFD*
18 Feb 2008 Peru; Spain - Treaty between Peru and Spain ? negative legal opinion from Congress's Foreign Affairs Commission IBFD*
18 Feb 2008 Spain; South Africa - Treaty between Spain and South Africa ? entry into force and details IBFD*
18 Feb 2008 Qatar; Yemen - Treaty between Qatar and Yemen ratified IBFD*
18 Feb 2008 United Kingdom; Switzerland - UK-Switzerland income tax treaty: memoranda of understanding IBFD*
18 Feb 2008 India; Cyprus - India-Cyprus tax treaty to be amended in order to tax capital gains and incorporate limitation of benefits clause IBFD*
18 Feb 2008 Australia - Foreign sovereign investment approval guidelines IBFD*
18 Feb 2008 France; European Union - French Law ratifying Accession Convention to EC Arbitration Convention published IBFD*
18 Feb 2008 Russia - Supreme Arbitral Court clarifies application of zero-rate VAT in chain transaction IBFD*
15 Feb 2008 Korea (Rep.) - New administration to reduce corporate tax rates IBFD*
15 Feb 2008 United States - Bush signs Economic Stimulus Package into law IBFD*
15 Feb 2008 Peru; Canada; Singapore; China (People's Rep.); EFTA - Free trade agreements ? update IBFD*
15 Feb 2008 Australia - Guarantee payments not subject to withholding tax IBFD*
15 Feb 2008 Had problems filing your tax return on time? UK Revenue
15 Feb 2008 Finland; Mauritius - Investment protection agreement between Finland and Mauritius presented to parliament IBFD*
15 Feb 2008 Finland; Mongolia - Investment protection agreement between Finland and Mongolia presented to parliament IBFD*
15 Feb 2008 Belgium; European Union - Flemish conditions for exemption of shares in family companies from inheritance tax amended IBFD*
15 Feb 2008 Singapore - Budget for 2008 ? details IBFD*
15 Feb 2008 European Union; Belgium - ECJ: preliminary ruling ? case number available IBFD*
15 Feb 2008 France; Ethiopia - Treaty between France and Ethiopia ratified IBFD*
15 Feb 2008 European Union; Netherlands - ECJ: preliminary ruling ? case number available IBFD*
14 Feb 2008 Dynamic Medien Europa
14 Feb 2008 Customer Relations Managers now available for tax advisers in four new locations UK Revenue
14 Feb 2008 Commission of the European Communities v Kingdom of Spain. Europa
14 Feb 2008 Jipa Europa
14 Feb 2008 Strengthening our relationship with agents and employers UK Revenue
14 Feb 2008 Bulgaria - Draft amendments to Law on duty-free trade IBFD*
14 Feb 2008 Australia - Tax rates to be reduced, deductions to political parties to be abolished IBFD*
14 Feb 2008 Paraguay - Stamp tax abolished IBFD*
14 Feb 2008 Mozambique - New tax codes IBFD*
14 Feb 2008 Vietnam - Finance Ministry proposes corporate tax reduction IBFD*
14 Feb 2008 Mozambique - National reconstruction tax rates for 2008 IBFD*
14 Feb 2008 Vietnam - Finance Ministry reviews VAT rates IBFD*
14 Feb 2008 European Union; Germany; Luxembourg - ECJ: Advocate General finds non-deductibility of foreign PE losses under German tax treaties applying exemption with progression method incompatible with EC law IBFD*
13 Feb 2008 Recent updates to the Business Income Manual HMRC manuals
13 Feb 2008 Pakistan - Sales tax holiday for Gwadar Port Free Zone announced IBFD*
13 Feb 2008 Bulgaria; Jordan - Treaty between Bulgaria and Jordan ratified IBFD*
13 Feb 2008 United Kingdom - Taxation of non-domiciled individuals ? changes to original proposals IBFD*
13 Feb 2008 Norway; Isle of Man - Exchange of information agreement between Norway and Isle of Man ? details IBFD*
13 Feb 2008 OECD - Public discussion draft on applying VAT/GST to cross-border trade in services and intangibles released IBFD*
13 Feb 2008 Germany - Federal Finance Court rules on deductibility of commuting costs IBFD*
13 Feb 2008 Germany; Saudi Arabia - Air transport agreement between Germany and Saudi Arabia signed IBFD*
13 Feb 2008 European Union; Spain - Spanish corporate tax credit to promote R&D compatible with EU State aid rules IBFD*
13 Feb 2008 European Union - Ecofin Council adopts recast of Capital Duty Directive IBFD*
13 Feb 2008 Spain; Malaysia - Treaty between Spain and Malaysia enters into force IBFD*
13 Feb 2008 Kazakhstan - Social insurance contributions in 2008 for subsurface users operating under production sharing agreements IBFD*
13 Feb 2008 European Union - European Council adopts VAT package IBFD*
13 Feb 2008 Austria - Tax Securing Act 2007 IBFD*
13 Feb 2008 Morocco; Burkina Faso - Treaty between Burkina Faso and Morocco ? negotiations IBFD*
12 Feb 2008 Recent updates to the Relief Instructions Manual HMRC manuals
12 Feb 2008 Recent updates to the Enquiry Manual HMRC manuals
12 Feb 2008 Recent updates to the Special Civil Investigations Guidance HMRC manuals
12 Feb 2008 Hungary; European Union - Supreme Court rules on deductibility of VAT in respect of state subsidies IBFD*
12 Feb 2008 Spain; Netherlands - Treaty between Spain and the Netherlands ? Spanish National Court holds that income on image rights paid to Dutch company not subject to withholding tax IBFD*
12 Feb 2008 Turkey - VAT rate reduced on tourist services by travel agencies and on agricultural machinery IBFD*
12 Feb 2008 Serbia - Minimum and maximum base for social security contributions changed IBFD*
12 Feb 2008 Germany; Algeria - Treaty between Germany and Algeria signed IBFD*
12 Feb 2008 Israel - Abolishment fiscal inflationary adjustment law IBFD*
11 Feb 2008 Cape Verde - New accounting and financial reporting standard system IBFD*
11 Feb 2008 Romania; Qatar - Treaty between Romania and Qatar ? details IBFD*
11 Feb 2008 Hungary; European Union - Hungarian implementation of EU Directive on Cross-Border Mergers of Limited Liability Companies IBFD*
11 Feb 2008 Montenegro - Amendments to VAT law IBFD*
11 Feb 2008 Australia - Transactions with a foreign branch IBFD*
11 Feb 2008 Serbia - Amendments to individual tax rates and allowances IBFD*
8 Feb 2008 Recent changes to this guidance HMRC manuals
8 Feb 2008 Romania; Macedonia - Social security treaty between Romania and Macedonia enters into force IBFD*
8 Feb 2008 Denmark; Austria - Treaty between Denmark and Austria ratified IBFD*
8 Feb 2008 Denmark; Croatia - Treaty between Denmark and Croatia ratified IBFD*
8 Feb 2008 Brazil; Mexico - Treaty between Brazil and Mexico ? Brazil recognizes Mexican flat rate business tax as covered under treaty IBFD*
8 Feb 2008 Argentina - Preferential regime for bioethanol industry IBFD*
8 Feb 2008 Netherlands Antilles; Belgium; Netherlands - Air transport agreement between the Netherlands Antilles and Belgium signed IBFD*
8 Feb 2008 Australia - Foreign hybrids ? "foreign tax must be imposed" explained IBFD*
7 Feb 2008 Argentina - Lunch tickets part of salary IBFD*
7 Feb 2008 Denmark; Spain - Bill to terminate treaty with Spain adopted by Danish parliament IBFD*
7 Feb 2008 Denmark; France - Bill to terminate treaty with France adopted by Danish parliament IBFD*
7 Feb 2008 Kazakhstan - Budget 2008 ? details IBFD*
7 Feb 2008 Bulgaria - Amendments to Law on Local Taxes and Fees IBFD*
7 Feb 2008 Turkey; Qatar - Treaty between Turkey and Qatar ratified IBFD*
7 Feb 2008 Colombia; Spain - Social security treaty between Colombia and Spain enters into force IBFD*
6 Feb 2008 Montenegro - Real estate transfer tax rate increased IBFD*
6 Feb 2008 Guernsey - Reporting obligations under the zero-ten regime ? deferral of first reporting date IBFD*
6 Feb 2008 Cameroon - Budget for 2008 ? enactment and details IBFD*
6 Feb 2008 Moldova - Exemption of redeemed shares extended IBFD*
6 Feb 2008 United States - IRS releases Publication 570, Tax Guide for Individuals with Income from US Possessions IBFD*
6 Feb 2008 United States - US Court of Appeals affirms NatWest case ? US branch interest rules violate 1975 US-UK income tax treaty IBFD*
6 Feb 2008 Uzbekistan - New Tax Code introduced ? details IBFD*
6 Feb 2008 Azerbaijan - Budget for 2008 – details IBFD*
6 Feb 2008 Uzbekistan - Budget for 2008 ? further details IBFD*
6 Feb 2008 Uzbekistan - New Tax Code introduced ? further details IBFD*
6 Feb 2008 Poland; Austria - Protocol to treaty between Poland and Austria signed IBFD*
6 Feb 2008 Argentina - Changes to net wealth tax IBFD*
6 Feb 2008 European Union; France - ECJ: Advocate General finds 5% add-back of tax credits for withholding tax abroad compatible with Parent-Subsidiary Directive ? details IBFD*
5 Feb 2008 OECD; Council of Europe; United Kingdom - UK deposited instrument of ratification ? Council of Europe Convention on Mutual Administrative Assistance in Tax Matters IBFD*
5 Feb 2008 European Union; United Kingdom; Spain - EU Commission takes UK to ECJ and launches infringement procedure against Spain concerning VAT refunds to non-established taxable persons IBFD*
5 Feb 2008 Korea (Rep.); Thailand - Treaty between Korea (Rep.) and Thailand ? details IBFD*
5 Feb 2008 Belarus - Taxation regime of entities operating in FEZ amended IBFD*
5 Feb 2008 Cuba; Venezuela - Treaty between Cuba and Venezuela entered into force IBFD*
5 Feb 2008 European Union; Poland - EU Commission requests Poland to terminate application of VAT reduced rate on supplies of certain children's items and exemption to supplies of buildings IBFD*
5 Feb 2008 European Union; Austria; Malta; Finland - EU Commission starts VAT infringement procedures against Austria, Finland and Malta IBFD*
5 Feb 2008 Fiji - Valuation of benefits provided under pay-as-you-earn system IBFD*
5 Feb 2008 Germany - Federal Ministry of Justice publishes draft bill on German International Company Law IBFD*
5 Feb 2008 India; United Kingdom - Treaty between India and UK ? Indian decision on ascertainment of "business connection"/PE and attribution of profits IBFD*
5 Feb 2008 Italy - Italian VAT on intermediary services IBFD*
4 Feb 2008 Australia; Japan - Treaty between Australia and Japan ? details IBFD*
4 Feb 2008 Hong Kong; Luxembourg; China (People's Rep.) - Treaty between Hong Kong and Luxembourg ? gazetted by Hong Kong IBFD*
4 Feb 2008 Australia - Withholding tax on payments from managed funds to be halved IBFD*
4 Feb 2008 Romania; Morocco - Treaty between Romania and Morocco ? details IBFD*
4 Feb 2008 Recent updates to the Construction Industry Scheme Reform and Company Taxation Manual HMRC manuals
4 Feb 2008 Hong Kong; China (People's Rep.) - Second protocol to income tax arrangement between Hong Kong and China ? details IBFD*
4 Feb 2008 Kenya; France - Treaty between Kenya and France signed and details IBFD*
4 Feb 2008 Chile; Belgium - Treaty between Chile and Beligum signed IBFD*
4 Feb 2008 United States - IRS publishes Chief Counsel Advice on reasonable cause requests with respect to dual consolidated losses IBFD*
4 Feb 2008 Netherlands; New Zealand - Exchange of Notes to social security treaty between the Netherlands and New Zealand signed IBFD*
1 Feb 2008 Germany - Freshfields Bruckhaus Deringer hosts seminar on recent changes in German tax law IBFD*
1 Feb 2008 Recent updates to the Debt Management and Banking Manual HMRC manuals
1 Feb 2008 Recent updates to the Venture Capital Scheme Manual HMRC manuals
1 Feb 2008 Hong Kong; China (People's Rep.) - Second protocol to new income tax arrangement between Hong Kong and China signed IBFD*
1 Feb 2008 Japan; Australia - Treaty between Japan and Australia signed IBFD*
1 Feb 2008 Ireland - Finance Bill 2008 published IBFD*
1 Feb 2008 Recent updates to the Corporate Finance Manual HMRC manuals
1 Feb 2008 Romania; Morocco - Treaty between Romania and Morocco ? details IBFD*