On 20th of June, the double tax treaty (DTT) between Cyprus and Norway was published in the official Government Gazette.
Double taxation avoidance between the two countries is regulated by the 1951 DTT in place between Norway and the UK extended in 1955 to include several British colonies, including Cyprus.
The provisions of the new DTT will come into effect on the first day of January 2015. The DTT shall enter into force once the two […]
The Federal Government has recently announced that it will be removing the current GST free concession, which can apply in relation to the supply of going concerns, and replacing it with a ‘reverse charge’ mechanism.
No date has been set for the commencement of the change, however draft legislation is due to be released by mid 2014, with a bill expected before Parliament by the end of the year.
It is proposed that under the new […]
A long-debated severance tax on hydraulic fracturing operations within the state passed the Ohio House of Representatives on Wednesday, setting the stage for a Senate vote on the issue later this year. House Bill 375, which sets a 2.5% tax on gross receipts from horizontal wells, cleared the chamber by a 55 to 35 vote. The House vote came one day after a subcommittee voted to send the legislation to the floor by […]