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In today’s edition a.o.: European Commission – EU and Turkey announce modernisation of Custom Union; Liechtenstein – Stellungnahme der Regierung zur Anpassung des Steueramtshilfegesetzes sowie des Steueramtshilfegesetzes-USA; Malta – Malta is sovereign but transparent and cooperative in taxation issues (a press release); Ireland – Revenue eBrief No. 50/15: “Expenses of management of investment companies: clarification on non-deductibility of interest payments on capital borrowings as an expense of management” has been published
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(May 12, 2015)
On May 11, 2015 a media release announcing that the Tax Information Exchange Agreement as concluded between the United Kingdom and Monaco (the TIEA) entered into force on April 22, 2015.
Read more: TIEA between Monaco and the United Kingdom entered into force
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(May 11, 2015)
On May 11 the English version of the Agreement between the Kingdom of the Netherlands and the Republic of Malawi for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income as signed on April 19, 2015 (the DTA) and Protocol were published on the website of the Tractatenblad van het Koninkrijk der Nederlanden. Although the DTA has been signed, it has not yet entered into force. The DTA will enter into force after both countries have completed their respective ratification procedures.
Below we will point out some of the interesting matters that are included in the DTA. One of the interesting things is that the DTA contains anti-abuse clauses in the Articles regarding Dividends (Article 10 of the DTA), Interest (Article 11 of the DTA) and Royalties (Article 12 of the DTA)
Read more: English text published of the DTA as concluded between the Netherlands and Malawi
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(May 11, 2015)
On May 11, 2015 on the website of the Hon. Joe Hockey, the Treasurer of the Commonwealth of Australia, a media release was issued by which Mr. Hockey announces that the Australian Government will be proceeding with two new major tax integrity measures in the Budget tomorrow. The media release mentions 2 measures:
· Multinational Anti-Avoidance Law; and
· Levelling the playing field for GST
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In today’s edition a.o.: Australia – Strengthening our taxation system (a Media Release – Announcing that Multinational Anti-Avoidance Law and that the Treasurer is of the view that Australia does NOT need to replicate the UK Diverted Profits Tax as well as announcing a measure that will ‘ensure’ that there is a level playing field for the suppliers of digital products and services in Australia in relation to the GST); Australia – Press conference, Canberra (press conference with J. Hockey, Treasures of the Commonwealth of Australia); The Netherlands – Agreement between the Kingdom of the Netherlands and the Republic of Malawi for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income (English text of the DTA as signed on April 19, 2015 was published)
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