Search results for

As part of the commitment to modernise the tax system, but also with aim of monitoring the fiscal deficit, the Executive Branch presented its proposal for a comprehensive tax reform that it will submit to Congress with the aim of making it applicable from fiscal year 2018 onwards.

Following public consultation on the draft bill earlier in the year, the final version of the 2017 Taxation Laws Amendment Bill (TLAB) is now before Parliament.

The Minister of Finance (MoF) enacted MoF Regulation No. 165/PMK.03/2017 on November 20 2017, concerning the second amendment to MoF Regulation No. 118/PMK.03/2016 regarding the implementation of Law No. 11 of 2006 concerning the tax amnesty (MoF Regulation 165). The MoF Regulation 165 provides amnesty for those who did not participate in the tax amnesty programme and those who participated but have not reported all of their assets.

From January 1 2018, research and development (R&D) expenses may be deducted twice for tax purposes in Poland.

Following a very long ratification process, the 2010-dated agreement for the avoidance of double taxation (DTA) concluded between FYR Macedonia and Belgium finally entered into force on July 17 2017.

The Montenegro Parliament, on its 26th convocation on October 11 2017, adopted the Law ratifying the agreement signed between Montenegro and Republic of Portugal on the avoidance of double taxation and prevention of tax evasion.

As global tax rates continue to fall, tax policy is at the forefront to drive Hong Kong's economic growth. In recent years, the Hong Kong government has introduced various initiatives to bolster Hong Kong's position as a global financial centre.

Georgia is becoming an increasingly popular jurisdiction for doing business both domestically and internationally. The attractive factors include the country's top ranks in international ratings on ease of starting and maintaining a business, as well as the fact that Georgia has proven itself to be a corruption-free destination. Additionally, due to a number of benefits – such as the absence of currency control rules, the free inflow and outflow of foreign capital, the comparatively low cost of services, as well as the stability of banking system – Georgia constitutes an attractive non-EU hub for structuring an international business. Of further importance is the fact that a foreign investor may enjoy all respective benefits of doing business in or via Georgia without the necessity to stay or come to Georgia. Worth noting is also that Georgia has not yet committed to the global automatic exchange of financial account information and common reporting standard.

Mexican taxpayers have encountered certain difficulties when filing transfer pricing informative tax returns. Manuel Scapachini and Ignacio Mosquera of Chevez, Ruiz, Zamarripa y Cia address some of the practical issues regarding the master informative tax return and the local informative tax return.

The Greek codified civil law rules provide that a married couple is expected to share a single residence. Thus, the Greek Tax Administration has traditionally followed the concept of a single joint family residence for tax purposes. It has considered that, if the spouse is left behind, the departing taxpayer may not change his/her tax residence status from Greek to foreign, regardless of any other parameters, following a narrow interpretation of the centre of vital interests.