Managing the Global Mobility Function 2012: Now Available
Tag Archive
Belgium: Shifts in Applying Expatriate Taxation
Over the last few months, the KPMG International member firm in Belgium has learnt through informal communications and contacts with the Belgian tax authorities that a number of practices that have been applied for many years have evolved with effect in 2011. These practices are discussed in brief below. »
Ireland: Further Clarifies Taxation of Share-Based Remuneration
Subject to the “grandfathering” arrangements for pre-1 January 2011 written agreements and the transitional arrangements outlined by Revenue in eBrief 17/11, shares in an employee’s employer-company (or a company that controls the employer-company) awarded on or after 1 January 2011, have been brought within the PAYE collection system. They are to be treated in... »
Russia Changes to Tax Code Impact Personal Taxation
Russia’s Federal Law 229-FZ (the ''Law'') was adopted on July 27, 2010, bringing in numerous amendments to the Russian Tax Code (''TC''). Except for various regulations that take effect on January 1, 2011, the Law came into force on September 2, 2010. The amendments mainly concern Part 1 of the TC, with an electronic... »
France and Hong Kong Sign Double Taxation Agreement
The Hong Kong financial secretary John Tsang and the French minister of economy, industry, and employment Christine Lagarde, have signed a double taxation agreement (DTA) between the Hong Kong Special Administrative Region of the People’s Republic of China (“Hong Kong”) and the Republic of France. The text of the DTA draws heavily from the... »
UK – Hong Kong Taxation Agreement
Although the U.K. has a very comprehensive list of income tax treaties, also known as double taxation agreements, covering over 100 countries, a notable exception is Hong Kong. This omission is due to be rectified once both countries have completed their parliamentary procedures and exchanged diplomatic notes in relation to the double tax agreement... »
India’s Direct Taxes Code Bill, 2010 and Changes for Taxation of Individuals
The Direct Taxes Code Bill, 2009 (“DTC 2009”) was released by the government of India (“GOI”) for public comments, along with a discussion paper, on 12 August 2009. Since then, a number of inputs on the proposals had been received from numerous organizations and individuals. »
Ukraine Hikes Taxation of Nonresident Employees
Recently, the State Tax Administration of Ukraine (the STAU) announced that a tax rate of 30 percent should apply to the salaries of nonresident employees, unless the employee can prove by means of appropriate confirmation issued by the STAU his/her Ukrainian tax residence. »
Belgium and Taxation of Company Cars
At the end of 2009, the Belgian Parliament adopted a series of important changes to the rules with respect to the tax treatment of company cars in order to introduce or reinforce an environmental element as a determinative criteria for taxation purposes. These changes apply as from 1 January 2010. »
Netherlands and Taxation of Certain Inter-Company Assignees
On January 20, 2010, the Netherlands’ Deputy Minister of Finance issued a decree which potentially impacts inter-company assignments to the Netherlands. According to the new decree, employees of foreign companies who are resident in a tax treaty country and are assigned to the Netherlands within an international group, are exempt from Dutch personal income... »
Spain and 2010 Budget
The Spanish government has prepared its draft 2010 General Budget Law for the Spanish legislature’s review. The draft law includes several Personal Income Tax modifications. »