Nebraska Adopts Sales Tax Exemption To Clear The Path For Renewable Energy Development

On June 4, 2013, Nebraska Governor Dave Heineman signed into law a bill (LB104) designed to incentivize the development of renewable energy in the state by exempting certain purchases of renewable energy equipment and other project costs from the state’s 5.5 percent sales tax. The bill defines sources of renewable energy to include wind, solar, geothermal, hydroelectric and transmutation of elements. Under the new law, prospective renewable energy developers will be required to invest […]

By |June 23rd, 2013|

Kazakhstan: The Judicial Practice Of Application Of The Tax Law

On 27 February 2013 the Supreme Court introduced the Regulatory Resolution ‘On the Judicial Practice of Application of the Tax Law’ (hereinafter – the ‘Resolution’), so that the previous regulatory resolution No. 5, dated 23 June 2006, has been repealed.

The new Resolution save the previous position of the Supreme Court in terms of many issues. Clarifications regarding the application by subsoil users of tax stability provisions and procedure for control over transfer prices were […]

By |June 18th, 2013|

Cyprus Chapter Of ‘Global Legal Insights – Corporate Tax’

Overview of corporate tax work
Despite being among the smallest countries in terms of area and population, Cyprus has become one of the world’s most important financial and business centres. It has numerous advantages, including a strategic location, a mature and transparent legal system based on common law, world class professional and financial services and a modern, business-friendly tax regime, which offers attractive planning opportunities. Cyprus has close cultural ties with Eastern Europe, based on […]

By |June 18th, 2013|