Category Archives: HLB International Global Tax Updates

HLBI latest news:
20 Feb

Submitting a withholding tax refund claim in France

In a recent decision, the French Administrative Supreme Court (Conseil d’Etat) has provided details on the admissibility of claims made by non-residents to obtain a refund of French withholding tax paid on dividends. Non-resident taxpayers must produce any documents indicating the date of payment of the tax and the identity of the distributing company (or

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15 Feb

The law on tax free took effect in Russia

On January 1, 2018, the law on tax free took effect in Russia. The tax free system provides for the return of VAT in case of removal of goods from Russia by the citizens of foreign countries (except the Eurasian Economic Union countries – Armenia, Belarus, Kazakhstan and Kyrgyzstan). The goods should be bought in

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14 Feb

Dutch VAT due by a German entrepreneur residing in Germany

Dutch Court of ‘s-Hertogenbosch recently ruled a rented apartment qualifies as a permanent establishment for VAT. The business activities of the German entrepreneur consist of the supervision of DNA testing via websites (paternity tests where permission from the mother is not necessary). The DNA tests are performed in Australia. Because the paternity tests without permission

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14 Jan

Comparative analysis of Philippines 1997 tax code & amendments & repeals introduced by tax reform for acceleration & inclusion law

§Sale of goods to PEZA-0% §VAT exempt sale of residential lot-not more than Php 1,919,200.00 §VAT exempt sale of residential house & lot-Php 3,199,200.00 §VAT exempt lease of residential unit-Php 10,000.00 §Association dues, membership fees & other assessments & charges of homeowner’s association & condominium corporation-vatable §Transfer property pursuant to Section 40 (C) (2) of

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11 Jan

Portugal’s Personal Income Tax and Pensions 2018 Update

Conceito, an HLB member firm in Portugal made an Analysis on Portugal’s Personal Income Tax and Pensions outlining the following: – Tax relief for tax payers inintermediate tax bands – Extension of coefficient 1 in the simplified scheme for the calculation of taxable income – Increased tax burden for self employed persons participating in the

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02 Jan

VAT in United Arab Emirates from 1 January 2018

UAE implements Value Added Tax on supply of goods and services from 1st January 2018. This introduction of VAT is part of a GCC-wide introduction. Currently, KSA apart from UAE will implement VAT starting 1st January 2018. The VAT in UAE shall be administered by Federal Tax Authority. Read More Get in touch with This

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06 Dec

Claim back VAT in France: Things to remember before 31 December 2017

Companies which have forgotten to deduct part of their VAT can repair this omission without having to submit a tax claim. It is enough to include the amounts on the next VAT return. However, you must act quickly because omissions concerning 2015 declarations can only be rectified until 31 December 2017. The same is true

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03 Dec

Changes Dutch VAT legislation per 2018

Changes Dutch VAT legislation per 2018 •Tightening criteria reduced VAT rate (6%) for medicines. From 1 January only medicines for which a marketing license has been granted under the Dutch Medicines Act are taxed at 6% VAT. •Introduction of joint and several liability of the pledgee, executor and mortgagee for VAT debts. A pledgee, mortgagee

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