A tax amnesty introduced in November 2011 in Cyprus now is extended for the second time till December 31, 2013. The first period of tax amnesty has ended on March 31, 2012 and was initially extended till the end of October 2012


The Swiss authority responsible for information exchange in tax matters, established within the country’s tax administration is to be strengthened by means of the deployment of additional personnel


The Singapore’s Monetary Authority of Singapore found out that despite a significant slowdown in economic growth Singapore’s tax revenue in the first half of 2012 had increased slightly


The International Monetary Fund noted that the Seychelles had succeeded in achieving its medium-term debt reduction target, welcoming the forthcoming introduction of a VAT regime from January 2013, as a key feature of the territory’s reform


It will take effect from January 1, 2013


According to the new research, the UK tax authority has seen a significant increase in information requests about UK-based foreign nationals from overseas tax authorities investigating tax evasion


Recently Estonian Foreign Minister Urmas Paet and his Cyprian colleague Erato Kozakou-Marcoullis have signed an agreement for the avoidance of double taxation and an agreement for the prevention of fiscal evasion between Estonia and Cyprus


On the recommendation of the finance committee, the lower house of German parliament, Bundestag, adopted the government’s bill regarding double taxation agreements concluded with Luxembourg, the Netherlands and Liechtenstein


The Cayman Islands government continues to consider the issue whether the country will negotiate with the United States on signing the intergovernmental agreement on information exchange in accordance with the US's Foreign Account Tax Compliance Act (FATCA) to ease the compliance burden on local financial institutions


The Organization for Economic Cooperation and Development released for discussion two updated drafts clarifying the interpretation of 'beneficial ownership' and 'permanent establishment' used by tax authorities in order to assess where and at what rates corporates should be taxed by withholding taxes on passive income received from cross-border business, covered by an OECD model double tax agreement

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