19.10.2012
Cyprus is going to increase the annual tax from the companies
18.10.2012
The Prime Minister of the Czech Republic changed the concept of tax reform
The lower house of the Czech Parliament has rejected on Wednesday the Government's proposal to increase the profit tax, and value added tax.
17.10.2012
Portugal introduces a mode of austerity economy
16.10.2012
11 European countries supported a tax on financial transactions (FTT)
15.10.2012
Two largest Banks of Greece are going to unite
The other day the first-rate bank of Greece National Bank of Greece (NBG) announced its intention to purchase the safety stock of Greek bank Eurobank.
12.10.2012
Taiwan’s government reconsiders to abolish the luxury tax
Taiwan’s luxury tax was established by «The Special Goods and Services Sales Tax Act». The main purpose of his adoption was the reducing speculative property purchases and limitation of the rapidly growing difference in the welfare of people.
11.10.2012
Singapore designates tax crimes as money laundering
October 9, 2012 the Monetary Authority of Singapore (MAS) has prepared a consultation paper on the designation of tax crimes as money laundering.
10.10.2012
The black list of offshore jurisdictions updated in Latvia
In Latvia the black list of offshore jurisdictions was updated that includes 68 countries among which the Netherlands Antilles, Bahamas, Belize, Panama and Seychelles are named
08.10.2012
The Republic of Cyprus introduces procedure of obtaining electronic visa for the Ukraine citizens
From 10th September 2012 the Republic of Cyprus introduced the procedure of
obtaining electronic visa for the Ukraine citizens.
05.10.2012
The Netherlands simplified requirements for company incorporation
From 1st October 2012 the new act presented by the Ministry of security and justice of the Netherlands entered into force. It simplifies the procedure of private limited company incorporation.
04.10.2012
The first Free Trade Agreement between Europe and Hong Kong entered into force
On 1st October 2012 the first Free Trade Agreement between Hong Kong and members of EFTA (European Free Trade Association) – Iceland, Liechtenstein, Switzerland and Norway.
03.10.2012
Inland Revenue Department of Hong Kong collects the record sum of taxes
The commissionaire of the Hong Kong Inland Revenue Department Chu Yam-Yuen has introduced the 2011-2012 Annual Report highlighting that the sum of collected taxes is higher by 14% in comparison to the previous year.
02.10.2012
The double tax avoidance agreement between the Russian Federation and Latvia was ratified
As it was mentioned on 28th September 2012 (http://hbcomp.co.uk/about/news_and_mailings/news_jurisdictions/3445/), the Council of Federation of the RF ratified several double taxation avoidance agreements including Latvia. This agreement was signed in Moscow on 20th December 2010. Latvia ratified it on 9th 2011. The most crucial aspects of the agreement are the following:
On 26th September 2012 the Council of Federation ratified double taxation avoidance agreements with Latvia and Argentina and the Protocol to the analogical agreement with Switzerland.
27.09.2012
Amendments to the double taxation avoidance agreement between the Russian Federation and Switzerland were ratified
On 21st September 2012 the State Duma of the RF ratified amendments to the double taxation avoidance agreement between the Russian Federation and Switzerland signed on 15th November 1995.
26.09.2012
Changes in the tax legislation of Liechtenstein
The Government of Liechtenstein during the last session adopted the consulting report on changing of the tax laws. This report is directed at increasing of tax inflows into the state treasury.
25.09.2012
eLearning Course on the European value added tax
Recently it became known that the European Commission developed the eLearning Course on the value added tax.
24.09.2012
Seychelles authorities introduce value added tax
According to the official announcement of the Ministry of Finance, Trade & Investment (MFTI) of Seychelles from 1st January 2013 the value added tax is introduced on the terrirtory of Seychelles, though its implementation was planned on 1st July 2012. To add, the standard rate of the tax equals 15%.
21.09.2012
The British Registrar discloses information on companies’ directors
From 1st October 2012 the British Registrar (Companies House) abolishes payment for information on directors of entities placed in Great Britain. Today this payment comprises 1 pound.
20.09.2012
New fiscal innovations of Cyprus
In connection with crisis of the Cyprus banking system caused by the tight bond with the Greece financial system, troika of creditors of Cyprus (the International Monetary Fund, the European Commission, the European Central Bank) insists on acceleration of the Cyprus budget drafting for 2013.
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