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With the April 2011 effective date for the country's GST looking unlikely to be achieved, Amrita Mitra of Grant Thornton argues that taxpayers should use this delay to their advantage and begin preparing for the new tax.

Umurcan Gago In August 2010 a new tax law (Law No 6009) was promulgated, introducing changes that are particularly important for the banking and capital markets industries as well as for corporate treasurers.

Akira Akamatsu Jun Sawada On August 25, Japan and the Netherlands signed the new convention for the avoidance of double taxation and the prevention of fiscal evasion for taxes on income (new tax treaty) in Tokyo, revising the convention that was signed back in 1970.

Carolina Lastra Natalia Núñez The Chilean government has proposed financing projects to reconstruct the damages caused by the February 27 earthquake, including a new mining royalty legislative action which was approved by Congress on October 13 2010. The Bill contains amendments to the specific tax on mining activities (STMA or royalty).

Simeon Grigorov Rossitza Koleva The positive development of the formal relations between Bulgaria and Qatar has been proven by the signing of numerous official documents covering the scope of the bilateral relations in many regional and international issues of common interest and concern.

Paulo Núncio Miguel Pimentel Under pressure from international credit markets and borrowers the Portuguese government announced the headlines of additional cut-backs to be implemented to ensure the reduction of Portugal's GDP deficit. On top of spending reductions other fiscal measures are expected to use proposed to increase tax revenues, although a detailed version of such measures has not yet been publicly disclosed.

The Bombay High Court in the case of Vodafone International Holdings [2010-TII-13-HC-MUM-INTL] adjudicated on the issue relating to taxation of indirect transfer of shares of an Indian company.

Janne Juusela The taxation working group, appointed by the Ministry of Finance and led by Mr Hetemäki, has in its intermediate report (35/2010) proposed key changes to taxation. The main themes of the intermediate report are widening the tax base, lightening the taxation of work and shift of focus from direct taxes to consumption taxes. The focus of income tax is proposed to be slightly shifted from taxation of corporate earnings to taxation of personal capital income. The key points of the working group report are presented in brief in the following.

Peter Ackerman January 1 2008 was the starting date for the voluntary EU Authorised Economic Operator (AEO) program for customs and security. By the end of July 2010, 87 companies in Belgium, and 3,000 companies within the EU, had already obtained the AEO status.

Ian Farmer On October 1 2010, the Policy Transition Group (PTG), formed to advise on the technical design of the proposed minerals resource rent tax (MRRT) and expanded petroleum resource rent tax (PRRT) (collectively the resource taxes), released an Issues Paper as the first step the consultation process for the design and implementation of the proposed resource taxes which will apply to all Australian iron ore, coal and oil and gas projects from July 1 2010.