www.europarl.europa.eu As the European Parliament has a consultative role on tax matters it is now up to the 11 member states participating in the enhanced cooperation arrangement to reach a deal 03 July 2013 European Parliament voted in favor for a comprehensive financial transaction tax in 11 EU countries with a wide scope and rates […]
www.lowtax.net Hungary’s Minister for National Economy, Mihály Varga, has confirmed several tax increases, including hikes on financial transactions. Varga had warned of possible tax rises last month, should measures designed to facilitate Hungary’s exit from the Excessive Deficit Procedure prove insufficient. The Government is now planning to increase the Financial Transaction Tax from the current […]
ec.europa.eu Belgium, Finland, Greece, Italy and Poland have not informed the Commission of the transposition of the Directive on Administrative Cooperation into their national legislation 20 June 2013 the Commission has sent Reasoned Opinions to Belgium, Greece, Finland (Province of Aland), Italy and Poland asking them to notify the transposition of the Directive on administrative […]
www.deloitte.com An ordinance published by the Romanian government on 23 January 2013 and applicable as from 1 February 2013 contains measures designed to prevent aggressive tax planning by non-residents. According to the new rules, income derived by a nonresident is subject to a 50% withholding tax rate (rather than the normal 16%) if the recipient […]
Caiado Guerreiro | www.caiadoguerreiro.com NON HABITUAL RESIDENT IN PORTUGAL It is a very competitive regime, allowing tax payers that fulfill the below mentioned requirements, to benefit from a flat tax rate of only 20% over income obtained in Portugal, arising from high value added activities, and of 0% over foreign sourced income. So, if you […]
www.savvacyprus.com According to the Polish Ministry of Finance, they have drafted legislation which aims to tackle tax avoidance in the transfer of income from Polish companies to companies established abroad which have a lower tax rate. The Ministry of Finance has declared that the draft legislation does not contravene any of the provisions of the […]
MTI – Econews Poland is considering legislation on controlled foreign corporations (CFC) with Polish owners, which would tackle tax avoidance by requiring such companies to pay a 19% tax on related profits. According to draft legislation prepared by the Ministry of Finance, a company will be regarded as a CFC if half or more of […]
The tax numbers of the Hungarian companies are available in the business registry, on the website of the Hungarian tax office and on the EC VIES website as well. In case the companies need an “official paper” of the tax numbers, they can apply for the so called certificate of residency issued in Hungarian/English version […]
bbj.hu | MTI – Econews National Bank of Hungary governor György Matolcsy will reveal details of the central bank’s “Funding for Growth Scheme” at a press conference on Tuesday, an invitation to the event sent to MTI shows. Under the recently announced scheme, the central bank will make a combined HUF 500 billion of 0% […]
Introduction: On 18 April 2013 the House of Representatives voted a number of amendments to different Tax Laws,adopting different decisions taken during the Eurogroup meetings held in March 2013. 1. The Income Tax Law: i. Increase of Corporate Income Tax rate: The Corporate Income Tax rate is increased from 10% to 12,5% Effective date: 1 […]
