(July 13, 2015)

The Government of Jersey has made the text available of the Agreement between Jersey and the Republic of Rwanda for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income as signed in London on June 26, 2015 (hereafter: DTA) on its website.

 

Although signed, the Agreement has not yet entered into force. For the DTA to enter into force, the respective ratification procedures have to have been finalized in both countries.

 

Since this is a Tax Treaty between a developed and a developing country, it is even more interesting to have a look at the clauses included in the DTA as it already is when a DTA is concluded between 2 developed countries. So as always, below we will highlight some of the paragraphs included in the DTA.

(July 13, 2015)

On July 13, 2015 the Singaporean Ministry of Finance  announced that it opened a public consultation on the draft Good and Services Tax (Amendment) Bill 2015 and that it invites the Public to give feedback on the GST (Amendment) Bill 2015. The consultation will run from July 13, 2015 to July 31, 2015.

(July 13, 2015)

On July 13, 2015 the Inland Revenue Authority of Singapore (hereafter; IRAS) issued the third edition of its e-Tax Guide: “Income Tax and Stamp Duty: Mergers and Acquisitions Scheme”. According to the Guide it sets out the details of the mergers and acquisitions scheme (“M&A scheme”) which is relevant to Singapore companies.

In today’s edition a.o.: European Union – Study on implementing the VAT ‘destination principle’ to intra-EU B2B supplies of goods; Singapore – Income Tax and Stamp Duty: Mergers and Acquisitions Scheme (Third edition) (IRAS e – Tax Guide); Singapore – MOF Invites the Public to Give Feedback on the Goods and Services Tax (GST) (Amendment) Bill 2015; OXFAM – Corporate stranglehold on development finance must end in Addis; Poland – Narzędzia oparte na ekonomii behawioralnej poprawiają ściągalność podatków w Polsce

(July 13, 2015)

On July 12, 2015 late at night on the official website of the EP’s Special Committee on Tax Rulings and Other Measures Similar in Nature or Effect (TAXE) an announcement was published that the Exchange of views with Mr. Juncker, Mr. Moscovici and finance ministers was postponed again.

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