Archive: tax relief

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Canada: Economic Action Plan 2013 Act, No. 1 – introduced

Canada: Economic Action Plan 2013 Act, No. 1 – introduced

May 6, 2013. Tags: , , ,

On 29 April 2013, the Minister of Finance introduced the Economic Action Plan 2013 Act, No. 1. The Act proposes to legislate key elements of the …

United States: American Taxpayer Relief Act signed into law

United States: American Taxpayer Relief Act signed into law

January 11, 2013. Tags: , , , ,

The US President signed the American Taxpayer Relief Act of 2012 (H.R. 8) into law on 2 January 2013. A statement announcing the signing was …

United States: legislation enacted to avert fiscal cliff

United States: legislation enacted to avert fiscal cliff

January 10, 2013. Tags: , , ,

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 …

United Kingdom: VAT (Relief for European Research Infrastructure Consortia) Order published

United Kingdom: VAT (Relief for European Research Infrastructure Consortia) Order published

December 18, 2012. Tags: , , ,

The VAT (Relief for European Research Infrastructure Consortia) Order SI 2012/2907 will come into force on 1 January 2013, and will have affect importations, acquisitions …

Israeli Parliament approves temporary, partial tax relief for repatriation of exempt income [TAX ALERT]

Israeli Parliament approves temporary, partial tax relief for repatriation of exempt income [TAX ALERT]

November 22, 2012. Tags: , , ,

In our International Tax Alert dated 2 August 2012, Israel proposes legislation to boost repatriations of trapped earnings out of Approved/Privileged Enterprises, we described the …

Hungary: action plan to save workplaces initiated

Hungary: action plan to save workplaces initiated

July 9, 2012. Tags: , , ,

On 2 July 2012, the Prime Minister announced in his speech before the Parliament that a new 10-point action plan (Plan) would be initiated to …

United States: relief provided under PFIC rules for foreign banks holding government bonds

United States: relief provided under PFIC rules for foreign banks holding government bonds

July 6, 2012. Tags: , , ,

The US Treasury Department and the US Internal Revenue Service (IRS) has issued Notice 2012-45 with guidance on the treatment of income from certain government …

Malaysia: Public Rulings on tax treaty relief for foreign nationals working in Malaysia; appeals against assessments; and treatment for loss of cash and recoveries

Malaysia: Public Rulings on tax treaty relief for foreign nationals working in Malaysia; appeals against assessments; and treatment for loss of cash and recoveries

June 25, 2012. Tags: , , , ,

The Inland Revenue Board of Malaysia (IRBM) has recently issued the following Public Rulings (PR): No. 2/2012: Foreign Nationals Working in Malaysia – Tax Treaty Relief, …

Slovak Republic: manifesto of Government on tax and social contributions measures for 2012–16 – adopted by Parliament

Slovak Republic: manifesto of Government on tax and social contributions measures for 2012–16 – adopted by Parliament

May 31, 2012. Tags: , , , , , , , , ,

On 15 May 2012, the Parliament adopted the manifesto of the Government, which emerged from the early parliamentary elections of 10 March 2012. The main aims …

Poland: tax reliefs for national investment funds to be abolished

Poland: tax reliefs for national investment funds to be abolished

May 28, 2012. Tags: , , , , ,

With effect from 1 January 2013, the Law on National Investment Funds and their Privatization of 20 April 1993 (Dz. U. Nr 44, poz. 202) …

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