Taxation News – 2nd Issue (February 2014)
Albania
The new tax rates for Corporate Income Tax and Personal Income tax
Bulgaria
Amendment in the tax treatment of the relations between resident persons and companies registered in jurisdictions with preferential fiscal arrangements
European Union
Mandatory Automatic Exchange of Information
Greece
Necessary documentation needed regarding the credit of foreign tax
OECD
Discussion Draft on transfer pricing documentation and country-by-country reporting released for public comment
Poland
New time limits for issuing VAT invoices
Romania
- Artificial transactions criteria
- VAT amendments
- Additional tax imposed on income from leases
- Payment from damages awarded
- Offsetting of payments with taxes owed
Ukraine
- A new treaty for the avoidance of double taxation (“DTT”) entered into force between Cyprus and Ukraine on January 01, 2014
- Enlargement of transparency countries list on exchange of tax database