Argentina: End To The Provisional Application Of The Treaty With Switzerland For The Avoidance Of Double Taxation

Argentina put an end to the provisional application of the Treaty with Switzerland for the Avoidance of Double Taxation signed in 1997.

In 1997, the Argentine and the Swiss Government signed a Treaty for the Avoidance of Double Taxation regarding Income Tax and Assets Tax. The Treaty has never been ratified by the countries, but it was provisionally enforced as from January 1, 2001 by means of an agreement executed by the countries’ Financial Ministers.

The […]

By |March 14th, 2013|

South Africa: VAT On Forfeited Deposits Revisited

Value added tax (“VAT”) is not a tax that is levied on revenue or receipts.  For VAT to be levied, there must be a supply of goods or services by a vendor (section 7(1)(a) of the Value Added Tax Act, No 89 of 1991 (“the VAT Act”) refers).  If there is such a supply, then the VAT is payable on the consideration received by the vendor for the supply made.  The definition of “consideration” […]

By |March 7th, 2013|

Guidance On Taxation On Royalties In Ukraine

Many foreign companies that have  intellectual property objects in Ukraine do not use them by their own, but give licenses for the use of intellectual property objects. The royalty plays an important role in such relationships and in various questions that arised around it.

In this article we consider peculiarities of payment royalty to non-residents of Ukraine, requirements for license agreements and taxation.

Definition of royalty in Ukrainian legislation

According to The Tax Code of Ukraine  the […]

By |March 1st, 2013|