AITC Tax Newsletters

Foreign LPs Investing in Australia

February 18th, 2018|Categories: AITC, Tax|Tags: |

There has been a heartening development in the long running uncertainly about the access to treaty benefits for partners in [...]

IRS to Begin Revoking US Passports of Delinquent Taxpayers in 2018!

February 17th, 2018|Categories: AITC, Tax|Tags: |

Starting this month, the IRS will start implementing new procedures required under a 2015 law to crack down on individuals [...]

Two-tiered Profits Tax Rates Regime in Hong Kong

February 15th, 2018|Categories: AITC, Tax|Tags: |

A two-tiered profits tax rates regime was proposed by the Hong Kong Government during the last quarter of 2017 and [...]

Cyprus VAT on Land – Updates by the Tax Department

February 14th, 2018|Categories: AITC, Tax|Tags: |

In November 2017, the Cyprus parliament voted an important amendment to the Cyprus VAT Legislation, which amends the main VAT [...]

IRS Urges Travelers Requiring Passports to Pay Their Back Taxes or Enter into Payment Agreements; People Owing $51,000 or More Covered

February 8th, 2018|Categories: AITC, Tax|Tags: |

On January 16, 2018 the IRS further warned that Travelers Requiring Passports to Pay Their Back Taxes or Enter into [...]

Turkey: 5% of income tax and corporate tax rate deduction would be applied as of 1 January 2018 under certain conditions.

February 2nd, 2018|Categories: AITC, Tax|Tags: |

The General Communiqué No: 301 on Income Tax was published in the Official Gazette dated December 23, 2017 and numbered [...]

Papua New Guinea Key Compliance Dates for 2018

January 24th, 2018|Categories: Tax|Tags: |

Shishya, a consulting firm specialising in servicing Asia Pacific markets, has kindly provided the Papua New Guinea Key Compliance Dates [...]

Argentina enacts integral Tax Reform introducing significant changes in decades

January 23rd, 2018|Categories: Tax|Tags: |

Argentina enacted an integral tax reform through Law 27.430 (published on the Official Gazette on December 29th 2017), which became [...]

Register of Beneficial Owners in Malta

January 20th, 2018|Categories: Tax|Tags: |

On the 26th December by virtue of Legal Notice 374 of 2017 as of the 1st January 2018 the Registrar [...]

Minimum salaries for foreign workers rise 33 percent in Romania

January 18th, 2018|Categories: Tax|Tags: |

Romanian authorities have increased minimum salary levels for foreign employees by 33 percent as the country prepares for a new [...]

China Withholding Tax Deferral Policy for Foreign Direct Reinvestment

January 14th, 2018|Categories: Tax|Tags: |

Dividends derived from China by a foreign investor are currently subject to China Enterprise Income Tax in the form of [...]

Double tax treaty for between Cyprus and Saudi Arabia

January 10th, 2018|Categories: Tax|Tags: |

The Cyprus Ministry of Finance has announced that Cyprus has entered into a double tax agreement with Saudi Arabia for [...]

What the tax reform bill means for individuals

January 7th, 2018|Categories: Tax|Tags: |

Passive H.R. 1, known as the Tax Cuts and Jobs Act, which both houses of Congress passed on Dec. 20, [...]

Double Tax Treaties – Malta

March 7th, 2017|Categories: Tax|Tags: |

Throughout the years Malta has succeeded to conclude a number of double tax treaties with important trading partners as well [...]

Hong Kong: Inland Revenue (Amendment) (No. 3) Ordinance 2016

July 15th, 2016|Categories: Newsletters, Tax|Tags: |

Hong Kong’s Inland Revenue (Amendment) (No. 3) Ordinance 2016 came into effect today on 30th June, 2016. By providing a [...]

Switzerland: DTT with UAE Signed

November 3rd, 2011|Categories: Tax|Tags: , |

Switzerland and the United Arab Emirates have recently signed in Dubai a double taxation treaty (DTT) containing provisions on the [...]