New DTT Between Cyprus And Estonia

The double tax treaty (DTT) between Cyprus and Estonia signed on October 15, 2012, was ratified in February 2013 by the Cyprus government and approved by the Estonian Parliament on September 25, 2013.

The treaty will enter into force when the Cyprus and Estonian governments have exchanged formal notifications that the relevant constitutional requirements have been complied with. Its provisions will take effect from January 1, 2014, assuming that all final steps are completed by […]

By |November 11th, 2013|

Pennsylvania Tax Developments (3rd Quarter 2013)

This is a brief update on recent Pennsylvania tax developments. It is intended to provide an overview of issues and cases to watch, as well as administrative and legislative developments.

For more information on any of these developments, contact one of the authors or the Reed Smith State Tax attorney with whom you usually work.
Board of Finance and Revenue Procedural Changes
As noted in our last quarterly update (see Pennsylvania Tax Developments, July 2013), the enactment of […]

By |November 9th, 2013|

Netherlands: Re-opened tax depreciation facility for ship financing

On 1 July 2013, the Dutch Government re-opened the highly successful temporary accelerated depreciation tax facility that was first introduced in December 2008, to stimulate investments in the Netherlands. From 2009 through 2011, the regime allowed tax depreciation of 100 per cent of the economic useful life of qualifying new assets over a period as short as two years. Although the re-opened tax facility is generic in nature (i.e. applies to all assets, with […]

By |November 5th, 2013|