Archive: capital gains
European Commission proposes extending automatic exchange of information within European Union
June 19, 2013. Tags: capital gains, dividends, European Commission, European Union
On 12 June 2013, the European Commission published a Proposal for a Council Directive amending Directive 2011/16/EU on the mandatory automatic exchange of information in …
Brazil: Administrative Tax Appeals Council rules on taxable capital gains on exchange of shares
June 11, 2013. Tags: Brazil, capital gains, income, tax administration, transfer of shares
In a recently available decision, the second section second chamber of the Administrative Tax Appeals Council (Conselho Administrativo de Recursos Fiscais – CARF) ruled that …
Italy issues guidance on participation exemption rules [TAX ALERT]
June 4, 2013. Tags: capital gains, Italy
On 29 March 2013, nine years following the introduction of the participation exemption on capital gains, the Italian Revenue Agency (IRA) issued its second guidance …
Greece: tax treatment of bond gains and losses – Ministry of Finance issues guidance
May 27, 2013. Tags: capital gains, Greece, withholding tax
It is reported that, on 13 May 2013, the Ministry of Finance issued guidance (Circular POL 1102/2013) to clarify the procedure for withholding tax on …
France: capital gains tax cuts announced – details
May 7, 2013. Tags: capital gains, France, income tax, tax regime
On 29 April 2013, the President announced that a new tax regime on capital gains will be implemented. To encourage entrepreneurships, the Government will simplify the …
France: capital gains tax cuts announced
May 6, 2013. Tags: capital gains, France, tax regime
On 29 April 2013, the President officially announced that a new tax regime on capital gains will be implemented. To encourage entrepreneurships, the Government will simplify …
IRS rules German exchange is a qualified board or exchange for Section 1256 purposes [TAX ALERT]
March 12, 2013. Tags: capital gains, exchange, Germany, IRS, United States
In Revenue Ruling 2013-5, the Service has determined that Eurex Deutschland (Eurex), a German regulated exchange, is a qualified board or exchange (QBE) under Section …
Treaty between Russia and Ukraine – Russian Ministry of Finance clarifies tax treatment of capital gains obtained by individual resident in Ukraine
March 1, 2013. Tags: capital gains, individual tax, Russia, treaty, Ukraine
On 4 February 2013, the Ministry of Finance issued Letter No. 03-04-05/4-92 clarifying the tax treatment applicable on the capital gains obtained by an individual …
Update on Mozambique’s proposed amendments to Capital Gains Tax [TAX ALERT]
February 5, 2013. Tags: capital gains, Mining & Metals, Mozambique, oil and gas
High economic growth rates, a growing middle class, increasing political stability as well as increasing investment opportunities in the Oil and Gas and Mining sectors …
China: QFII – capital gains derived may be subject to tax
January 24, 2013. Tags: capital gains, China, foreign, income tax
It has been reported that the Securities Regulatory Commission (CSRC) and the State Administration of Taxation (SAT) have recently agreed on expanding the taxation of …
United States: final regulations issued to prevent tax avoidance in stock acquisitions by related corporations
January 23, 2013. Tags: capital gains, dividends, tax avoidance, United States of America
The US Treasury Department and the Internal Revenue Service (IRS) have issued final regulations (TD 9606) to prevent tax avoidance in connection with stock acquisitions …
China’s strengthening cross-border tax enforcement
January 14, 2013. Tags: capital gains, China, double taxation, GAAR, tax, transfer tax
When investing in Asia-Pacific, tax aspects such as local country withholdings, access to double tax treaties, capital gains tax and transfer taxes should be considered.
United States: legislation enacted to avert fiscal cliff
January 10, 2013. Tags: capital gains, income tax, tax relief, United States of America
The US Congress has enacted legislation (the American Taxpayer Relief Act of 2012) to avert the fiscal cliff that would have resulted from the expiration …
France: Finance Bill 2013 – analyzed by Constitutional Council
January 8, 2013. Tags: capital gains, finance bill, France, income tax, interest
On 29 December 2012, the Constitutional Council decided on the compatibility of the text of the Finance Bill for 2013 with the French Constitution. Most of …
Iceland: EFTA Surveillance Authority sends reasoned opinion to Iceland for taxing unrealized capital gains in case of cross-border mergers
December 10, 2012. Tags: capital gains, Iceland, M&A, tax benefits
On 28 November 2012, the EFTA Surveillance Authority sent Iceland a reasoned opinion regarding Icelandic legislation taxing unrealized capital gains of companies that merge across …
Belgium: Budget 2012 – Belgium Prime Minister announced tax plans
December 4, 2012. Tags: Belgium, capital gains, corporate tax, excise duty, Insurance, Wage tax, withholding tax
On 21 November 2012, the tax measures of the budget 2013 were published. Details of the plans, which apply from the tax year 2013 (assessment …
France: Third Financial Amending Law for 2012 – details
November 30, 2012. Tags: capital gains, France, income tax, tax avoidance, VAT
The Third Amending Financial Law for 2012 (Projet de loi de finances rectificative pour 2012, PLFR) was adopted by the Council of Ministers on 14 …
Malaysia issues 2013 budget proposals [TAX ALERT]
October 22, 2012. Tags: budget, business tax, capital gains, Malaysia, tax incentives
On 28 September 2012, Malaysia issued 2013 budget proposals (2013 Budget) that include, among other items, an increase in the real property capital gains tax, …
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