Search results

China updates general anti avoidance rules

After six years of public consultation, China’s General Anti-Avoidance Rule (GAAR) Measures finally came into effect on 1 February 2015. The implementation marked the country’s commitment to reforming its tax regimes to align with the global practices.

Technical update Feb 2015

Regulatory changes in Croatia December 2014 to February 2015

Doing business in Croatia? These documents summarise regulatory changes in the country between December 2014 and February 2015.

Technical update Feb 2015

Slovakia introduces classification by size for accounting entities

Slovakia's latest Act introduces a definition of a micro-accounting entity according to which a company, a cooperative, a natural person, and a land association can become a micro- accounting entity, thereby making reporting easier and more streamlined.

Technical update Jan 2015

Minimum wage set for Slovakian workers

The decree of the Government of the Slovak Republic No. 297/2014 Collection of Laws sets the minimum wage for 2015 as EUR 380.00 per a month for an employee with a monthly wage, and EUR 2.184 for every hour worked by an employee.

Technical update Jan 2015

Slovakian Act on Social Insurance changes affect sick and students

Changes to Slovakia's Act on Social Insurance came into effect on 1 January 2015, affecting both sickness compensation and the employment of students.

Technical update Jan 2015

New amounts for travel allowance in Slovakia

The Collection of Laws No. 296/2014 introduces a Regulation of the Ministry of Labour, Social Affairs and Family of the Slovak Republic in regard to new amounts of travel allowance.

Technical update Jan 2015

Turkish companies can now delegate signatory authorities to third parties in some cases

Turkey has started to implement article 367 referring to the internal directive on limited authorities of signatories for both Limited Liability Companies (LLC) and Joint Stock Companies (JSC). Keep this in mind when renewing or appointing new signatories with limited authorities.

Technical update Jan 2015

Updates to Hungarian Electronic Road Transportation Control System

The Hungarian Ministry for National Economy has extended the trial period of its Electronic Road Transportation Control System (EKáER) to 1 March 2015. Tax payers will be issued warnings if they do not follow the EKáER regulations; however, no default penalties will be levied until 1 March 2015.

Technical update Jan 2015

Young unemployed to benefit from changes to Slovakia Employment Act

The amendment to Slovakia's Act No. 5/2004 Collection of Laws on Employment Services introduces a new contribution to support young unemployed people under 29 years of age who have not had a regularly paid occupation lasting for at least a period of six months.

Technical update Jan 2015

Amendments to tax deductible items in Slovakia now in effect

As of 1 January 2015, Slovakia changed many of its rules regarding tax deductibles for income tax. Our senior legal executive for Slovakia details the changes.

Technical update Jan 2015

Revised Double Tax Agreement for Singapore and France

France and Singapore sign a new double tax agreement, providing more business-friendly features for companies in both countries, such as lower withholding tax rates for dividends to promote trade and investment flows.

Technical update Jan 2015

Romanian government clarifies social security budget for 2015

Law no. 187 on the state social security budget for 2015 has been published in the Official Gazette, Part I, no. 961 published on 30 December 2014. According to this Law, the rates for the social security contributions in Romania this year remain the same as in 2014.

Technical update Jan 2015

New VAT rate for Luxembourg

New tax measures become applicable in Luxembourg from 1st January 2015 for value added tax (VAT).

Technical update Jan 2015

End April set as deadline for complying with General Resolution on inactive entities in Argentina

ARGENTINA: 30 April 2015 set as the deadline to file the affidavit of General Resolution No. 1/2010 in relation to inactive entities.

Technical update Jan 2015

Increase in non monetary benefits allowed under new Slovakia law

Employers who are taxpayers may increase non-monetary benefits provided to their employees to the amount calculated according to a formula stipulated by the amended Act. The final amount calculated in this way - "a gross-up" of income - falls under the income from employment. Such increases, together with the non-monetary income, will be classified as taxable income from employment.

Technical update Jan 2015

New UAE commercial companies law soon in full force

TMF Group’s expert in the UAE provides a briefing on new Federal Law No. 2 (2015) – Commercial Companies Law, which is due to take effect from 1 July 2015.

Technical update Jun 2015

Transfer of shareholding and right of pre-emption in Italy

By way of the recent order No. 4852 of 9 March 2015, the Court of Milan has ruled that the pre-emption clause foreseen by the By-laws for the transfer of shareholding to third parties has real property effectiveness, and that the above is to be deemed to the extent that it is the case of a clause which may be objected to third parties.

Technical update Jun 2015

Romania approves cuts to VAT despite EU and IMF warnings

TMF Group expert Patryk Karczewski details VAT and other changes in Romania after the Government's approval of a general VAT rate cut of 5% which is to take effect from 1 January 2016.

Technical update Jun 2015

Italy’s Patent Box preferential tax regime

TMF Group details Italy's Patent Box preferential tax regime; established by the 2015 Stability Law (article 1, paragraphs 37-45).

Technical update Jun 2015

Italian Inland Revenue's clarification on the so-called Robin Hood Tax

Italian Inland Revenue has finally taken a clear position on the consequences of the declaration of unconstitutionality under judgment No. 10 of 11 February 2015 of the Supreme Court.

Technical update Jun 2015