Cyprus introduces rules to implement Country by Country reporting requirements

February 3rd, 2017|Categories: Newsletters|Tags: |

The Cyprus Minister of Finance issued a Decree on 30 December 2016, introducing a mandatory Country by Country (CBC) reporting [...]

AITC proudly presents the new Social Media Pages

February 1st, 2017|Categories: Newsletters|Tags: |

Dear readers, We are proud to announce the new association Facebook, LinkedIn and Twitter pages as part of the ongoing [...]

Start-ups: raising capital via Luxembourg

January 24th, 2017|Categories: Newsletters|Tags: |

There is a favourable trend in Luxembourg for the development of start-ups, particularly innovative in the domains of Fintech or [...]

Australian Tax Residence for Companies Revisited by High Court after 43 years

January 24th, 2017|Categories: Newsletters|Tags: |

For the first time in 43 years, Australia’s ultimate appeal court (the High Court of Australia) has decided a case [...]

Hong Kong signs a comprehensive agreement for the avoidance of double taxation (CDTA) with Belarus

January 24th, 2017|Categories: Newsletters|Tags: |

On January 16, 2017, Hong Kong signed a comprehensive agreement for the avoidance of double taxation (CDTA) with Belarus, which [...]

BGSM & Partners advisory for internationalization

January 24th, 2017|Categories: Newsletters|Tags: |

Our Tax and Law Firm, BGSM & Partners, is convinced that the success of an entrepreneurial reality stems from the [...]

Cyprus Tax General Overview

January 24th, 2017|Categories: Newsletters|Tags: |

Non-domiciled tax residents As from 16 July 2015 there is a division for Cypriot Tax residents between Domicile and non-domicile [...]

AITC Welcomes the New Bangladesh Member

January 24th, 2017|Categories: Newsletters|Tags: |

The President and the Board of AITC welcome Mr. Belal Chowdhury of Financial Lead FM Consulting International as a new [...]

AITC proudly presents the new Tax Flash Newsletter

January 24th, 2017|Categories: Newsletters|Tags: |

Dear readers, We are proud and happy to present the revamped AITC Tax Flash newsletter The new format newsletter has [...]

Spain: The Canary Islands Tax Regime

December 16th, 2016|Categories: Newsletters|Tags: |

The new tax regime of the Canary Islands (Corporation Tax rate of 4 %) has largely been overlooked by most [...]

Malta: News Update from Malta

December 14th, 2016|Categories: Newsletters|Tags: |

The AML Directive The fourth Anti Money Laundering (AML) Directive, which has to be transposed into national law by 26 [...]

Luxembourg: Implementation of the Automatic Exchange of Information Between EU Countries

December 13th, 2016|Categories: Newsletters|Tags: |

As from 1 January 2017, automatic exchange of information between EU countries will be introduced in Luxembourg for cross-border tax [...]

Hong Kong: Hong Kong – Romania Comprehensive Double Tax Agreement in Force

December 11th, 2016|Categories: Newsletters|Tags: |

The agreement between Hong Kong and Romania for the avoidance of double taxation and prevention of fiscal evasion with respect [...]

UK: Recent UK Personal Tax Developments and News

December 10th, 2016|Categories: Newsletters|Tags: |

Scottish Approach to Taxation 30th November, 2016 was a historic day as that was when the Scotland Act 2016 came [...]

US: 2017 Tax Filing Season

December 6th, 2016|Categories: Newsletters|Tags: |

WASHINGTON ― The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 23, 2017 and [...]

Canada: Season´s Greetings from Canada

December 4th, 2016|Categories: Newsletters|Tags: |

Dear Colleagues. On behalf of our firm we wish everyone a Happy Holiday and a prosperous New Year. We pray [...]

AITC Welcomes the New Cyprus Member

December 4th, 2016|Categories: Newsletters|Tags: |

The President and the Board of AITC welcome of of Mr. George Yiallourides of Yiallourides & Partners Ltd., the new [...]

AITC Season Greetings

December 3rd, 2016|Categories: Newsletters|Tags: |

Dear Members and Friends On behalf of all the board, I would like to take this opportunity to wish you, [...]

AITC Tax Flash Editorial: A View to the Future

December 3rd, 2016|Categories: Newsletters|Tags: |

As I am finishing my editorial duties regarding Tax-Flash I reflect on the two and a half year of this [...]

Ghana: Income Tax Act 2015 ACT 896

November 19th, 2016|Categories: Newsletters|Tags: |

Dear Members, in last month article on tax updates in Ghana, West Africa, I indicated to bring you up to [...]

Netherlands: Possible Options for Tightening Substance Requirements

November 18th, 2016|Categories: Newsletters|Tags: |

In the Netherlands recently there is some debate about substance requirements of foreign companies. Latest on this topic is that [...]

Hong Kong: Implementation of Automatic Exchange with the UK and Japan in 2018

November 18th, 2016|Categories: Newsletters|Tags: |

According to the Hong Kong Government, Hong Kong has signed agreements with the UK and Japan on 26th October, 2016 [...]

UK: Recent UK Personal Tax Developments and News

November 17th, 2016|Categories: Newsletters|Tags: |

Panama Papers HMRC created a Panama Papers taskforce in April, 2016 and they have now published a progress report on [...]

Cyprus: Amendment of Cyprus – India DTT

November 16th, 2016|Categories: Newsletters|Tags: |

The Double Taxation Avoidance Treaty (DTT) between Cyprus and India has been signed on 18th of November 2016. According to [...]

Canada: Canadian “Trump” Effect

November 13th, 2016|Categories: Newsletters|Tags: |

Like the rest of the world Canada was shocked by the election of Donald J. Trump as President of the [...]

US: President-Elect Donald Trump Is Less Than Ideal for US Tax Advisers?

November 13th, 2016|Categories: Newsletters|Tags: |

On July 19, 2016 we posted Time to Compare Candidate's Tax Plans! where we discussed both the Clinton Tax Plan [...]

Australia: A Case Report Concerning Royalties under Australia-India DTA

November 11th, 2016|Categories: Newsletters|Tags: |

In a recent case before the Full Federal Court, Tech Mahindra Limited v Commissioner of Taxation [2016] FCAFC 130 (22 [...]

Denmark: EC Court Judgement Regarding Dividends

November 9th, 2016|Categories: Newsletters|Tags: |

According to Act no. 652 of 8 June 2016 the definition of a foreign subsidiary for Danish tax purposes was [...]

AITC Welcomes the New Pakistan Member

November 8th, 2016|Categories: Newsletters|Tags: |

The President and the Board of AITC welcome of Mr. Rafqat Hussain of Rafqat Hussain & Co, the new AITC [...]

US: Expanded List of Banks Under the Offshore Voluntary Disclosure Program (OVDP)

October 31st, 2016|Categories: Newsletters|

On May 26, 2016 we posted 97 Offshore Banks Are Turning Over Your Names To The IRS - What Are [...]

Austria: Austrian Transfer Pricing Documentation Law 2016

October 28th, 2016|Categories: Newsletters|

On 1 August 2016 the Transfer Pricing Documentation Law was published in Austria. It applies to fiscal years starting on or [...]

Hong Kong: Hong Kong-Korea Tax Treaty in Force

October 27th, 2016|Categories: Newsletters|

The agreement between Hong Kong and Korea for the avoidance of double taxation and prevention of fiscal evasion with respect [...]

Luxembourg: Special Limited Partnership (“SLP”) for Family Succession

October 26th, 2016|Categories: Newsletters|

Limited Partnerships are usually established by way of a Partnership Agreement entered into between one General Partner and one or [...]

India: Updates for October 2016

October 24th, 2016|Categories: Newsletters|

The Union Cabinet has approved today the proposal of the merging of Union Finance Budget and Railway Budget. Now a [...]

Cyprus: Cypriot Citizenship by Investment Revised Scheme

October 19th, 2016|Categories: Newsletters|

The main goal of the revised Investment Revised Scheme, approved by the Cabinet early September 2016 is a further encouragement [...]

Australia: New Zealand ‘Netflix’ Tax

October 19th, 2016|Categories: Newsletters|

The New Zealand version of the “Netflix” tax commenced on the 1st October 2016. New Zealand is not alone in [...]

Ghana: Income Tax Act 2015 ACT 896

October 17th, 2016|Categories: Newsletters, Uncategorised|

On January 1, 2016, the much awaited Income Tax Act 2015 (Act 896) which seeks to consolidate income tax laws [...]

Malta: News of Malta Member Restructuring

October 14th, 2016|Categories: Newsletters|

Jeannine Giglio together with her partners have set up the law firm LexPractis and IURIS Management Limited shall be wound [...]

AITC: Berlin General Meeting Information

October 12th, 2016|Categories: Newsletters|

A short note to thank all the members present at our AITC meeting which was held in Berlin between the 2nd [...]

Ghana: Introduction of Ghana Member

October 10th, 2016|Categories: Newsletters|

My name is Richard Dwumor from Ghana, West Africa. I am very excited to join the Association of International Tax [...]