Worldwide: Forum On Tax Administration – Moscow Meeting

The Forum on Tax Administration (‘FTA’), comprising the heads of tax administrations from 45 economies, met in Moscow for the 8th meeting of the FTA.  The final communiqué issued pursuant to the Moscow meeting indicated that the FTA is dedicated to securing high levels of voluntary tax compliance by providing excellent service and effectively addressing tax evasion and aggressive tax avoidance in all its forms, including the underground economy.

The communiqué indicated that the participating […]

By |June 15th, 2013|

Brazil Eliminates The IOF On Foreign Investments On Fixed Income

As of June 5, 2013 the Brazilian government decided to attract and foster the return of foreign investors to the Brazilian market by reducing from 6% to zero the applicable rate of the Tax on Financial Transactions (IOF)1 on fixed income instruments.

This reduction has been approved by means of Federal Decree No. 8023, of June 4, 20132, which amends article 15-A of Federal Decree No. 6306, of December 14, 2007 (the IOF Regulation), as follows:

“Art. […]

By |June 9th, 2013|

Turkey: A New Opportunity For Taxpayers: Individual Application To The Constitutional Court

I. General
Individual application to the Constitutional Court is a new legal remedy admitted into the Turkish legal system upon approval by referendum held on September 12, 2010 of the Law on Amending Certain Articles of the Constitution of the Turkish Republic, dated 7/5/2010 and numbered 5982. Since it is new as well as different from both the current administrative and judicial remedies and the individual application mechanism arranged in the European Convention on Human […]

By |June 2nd, 2013|