Archive: tax relief
Canada: Economic Action Plan 2013 Act, No. 1 – introduced
May 6, 2013. Tags: Canada, investment, oil and gas, tax relief
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
January 11, 2013. Tags: business tax, international tax, tax law, tax relief, United States of America
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
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 …
United Kingdom: VAT (Relief for European Research Infrastructure Consortia) Order published
December 18, 2012. Tags: GST, tax relief, United Kingdom, VAT
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]
November 22, 2012. Tags: income, Israel, tax exemption, tax relief
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
July 9, 2012. Tags: corporate tax, Hungary, tax exemption, tax relief
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
July 6, 2012. Tags: bank tax, income, tax relief, United States of America
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
June 25, 2012. Tags: foreign, Malaysia, tax assessment, tax deductions, tax relief
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
May 31, 2012. Tags: business tax, income tax, individual tax, Slovakia, social security, tax administration, tax evasion, tax policy, tax relief, transaction tax
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
May 28, 2012. Tags: capital gains, income tax, mutual investment funds, Poland, tax amendments, tax relief
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) …











