Search results for

Eylem Philippou and Rudina Hoxha, Eurofast Taxand The Corporate Income Tax Law of Albania states that expenses are deductible only if such expenses are incurred in generating profits, if they relate to the ordinary course of business, if they are reflected in accounting books by reducing the net assets, and if they can be documented. Such documentation, for the justification of expense, includes: a VAT invoice, a simple tax invoice and any other documentation prepared or issued in conformity with the instructions of the Minister of Finance for the implementation of the tax legislation.

Michalis Zambartas, Eurofast Taxand It is well known that there are many business opportunities arising from China since, after all, it is the world's second largest economy.

Keith O'Donnell and Samantha Nonnenkamp, Atoz On June 7 2012, Poland and Luxembourg signed a protocol (the Protocol) amending the double tax treaty (DTT) initially signed in 1955. The key provisions of the Protocol are outlined below. The Protocol will bring changes regarding the structuring of investments into Polish real estate.

Elena Kostovska, Eurofast Global As of January 2013, changes in the Property Tax Law in FYR Macedonia (amended late June 2012 and promulgated in the Official Gazette No 84/2012) will affect the assessment and determination of the market value of properties.

Heiko Penndorf is rejoining Ashurst as a partner in its Frankfurt office. He was formerly an associate of the firm before joining Mayer Brown, where he was a partner. An associate is also moving to Ashurst with him.

Chidambaram: I need time to look at DTC. It requires a fresh look

José Manuel Vázquez and Juan Luís Zayas, Garrigues This year Spain has seen new legislation bringing in a new voluntary tax disclosure programme, which was completed with the approval of the Special Tax Return Form and the setting out of other features.

Michael Meacher, former UK Minister of State for the Environment under Tony Blair, stepped up the fight against tax avoidance in the House of Commons last month with his general anti-tax avoidance principle (GATAP) Bill. Salman Shaheen talks to the Labour Member of Parliament about his campaign and how it is gaining momentum.

A new paper from the MIT Global Change Institute, a Bill before Congress and a Bloomberg editorial have all increased demand for a carbon tax in the US.

Tom Seymour, PwC On August 13 2012, a 71 page Discussion Paper was released by a Government-appointed working group to canvass ways in which a cut to the company tax rate could be funded from within the business tax system.