News by Tag: Eu Vat Rules


Argentina IFRS Update: New Requirements for Information Reporting and Tax Base Calculation
November 8, 2012
Companies doing business in Argentina, which has recently adopted the International Financial Reporting Standard (IFRS), must now comply with the new requirements for information reporting and tax base calculation.
Singapore Tightens Entry Rules; Dependents of Expat Workers Affected
November 8, 2012
Singapore has tightened the sponsorship criteria for dependants of foreign workers. The new legislation, effective from September 1, 2012, aims to restrict the rapid influx of dependants into Singapore and affects P1, P2, S pass and Employment Pass h
China Business Visa Update: Applicants must Submit Invitation Letter
October 15, 2012
Foreign workers trying to procure a business visa for China now have to submit an invitation letter issued by a local corporation or by the Chinese authorities along with other requisites.
India - New Rule Allows Use of 'Other Method' for Determining Arm's Length Principle
June 6, 2012
The Indian Tax Administration has introduced a new transfer pricing method which uses the 'other method' for determining Arm's length Principle (ALP) for international transactions.
India Introduces Changes to EEFC Account Norms
June 1, 2012
The Indian Government has introduced changes to the Exchange Earners' Foreign Currency Account (EEFC) norms. As part of the revision, exporters or individual professionals..
Indian Court Allows Company to Shift Service Tax Liability
June 1, 2012
In a milestone verdict, the apex court of India held that an assessee of service tax may enter into a contract with another party to shift liability. This case involved Rashtriya Ispat Nigam Ltd and M/S Dewan Chand Ram Saran where the Supreme Court r
Spain Introduces New Tax and Administrative Measures to Reduce Public Deficit
May 18, 2012
In order to reduce public deficit this year, the Spanish government has introduced provisional measures to the Corporate Income Tax. Read the complete Press release to know more about the introduced provisional measures.
Indian Ministry of Finance Proposes Amendment to Budget 2012-13
May 17, 2012
The Indian Ministry of Finance has proposed certain amendments to the Union Budget 2012-13, which introduced certain provisions to check tax evasion.
VAT Updates: China, Czech Republic, Romania, Portugal
April 17, 2012
China Plans to Extend VAT Pilot Scheme to Beijing in July
Brazil Removes Tax on Certain Foreign Exchange Transactions Related to the Brazilian Financial and Capital Markets
January 9, 2012
The Brazilian Government recently announced new amendments to taxes on financial transaction regulations, which includes reduction of tax on foreign exchange transactions (Impostosobre Operacoes Financeiras - IOF) related to the inflow of resources