Nov 17, Asia & Pacific -- The State Administration of Tax has issued new guidelines on the determination of the beneficial owner during the application of double tax treaties with China. According to Circular Guoshuifan (2009) 601, effective from October 27, 2009, any applicant ...  (ChinaBrief)

Mar 3, Europe -- The Isle of Man has signed a bilateral agreement with Germany for tax information exchange based on the Organisation for Economic Cooperation and Development (OECD) model, making it the most prolific jurisdiction for such agreements....  

Jan 3, Asia & Pacific -- A division of the Bombay high court has ruled that foreign law firms, even though working as solicitors for multinational corporations with operations in India, will pay tax only in those countries where they give legal advice and not in India....  (LawWire)

Dec 28, Europe -- While abolition of the Spanish wealth tax was approved by the Council of Ministers in April 2008, the legislation officially abolishing the tax was published December 25, 2008. The abolition of the tax will apply to tax years starting from January 1, 2008...  

Nov 4, All -- BVI, Guernsey and Jersey have signed some 16 new bilateral tax information exchange agreements (TIEAs) to meet the OECD's standards of transparency requirements. The OECD attributes the agreements to governments' determination to fight tax evasion....  

Sep 9, Mexico -- Mexican companies must pay tax in Mexico on investments in countries where there are no taxes or where levies are 75% lower than in Mexico, the country's Supreme Court ruled September 8th, overturning a ruling that protected the world's third-largest ceme...  

Aug 20, Mexico -- The U.S.-Mexico Tax Treaty provides certain tax benefits to U.S. individuals and businesses that are shareholders and/or affiliates of Mexican companies. John Dorsey reviews KPMG's Carlos Vargas and Patricia Rubirosa's article summarizing the tax issues....  (MxLblg)

Jul 27, Europe -- Germany and Jersey have signed a bilateral arrangement for the exchange of information for tax purposes. This treaty numbers 16th of the agreements signed by one of the 35 Jurisdictions committed to work with OECD countries....  (TaxPrc)

Jul 10, Europe -- The UK HM Revenue & Customs position on foreign subsidiaries appears to be out of touch with the current EU Tax Case Law. The HMRC will appeal the High Court judgment of Vodafone using a Luxembourg subsidiary as a holding company for European investments....  (TaxPrec)

Jul 3, Africa & Middle East -- Previous tax exemptions for Israeli immigrants were generous, and they will become even more generous with a new series of tax breaks announced in a recent press release cosigned by the finance and immigration ministers....  (Jpost)