16/05/2012 China - Tax authorities focus on tax investigations

Chinese tax authorities regard their tax investigation department as an important administrative device for securing tax revenue.

15/05/2012 India - Reassessment proceedings, tax amendments to Finance Bill, allowance paid to employees, and commission paid to di

The KPMG member firm in India has prepared reports of the following developments to read these May 2012 reports, click on the topics below:

15/05/2012 Vietnam - Measures providing tax relief for certain businesses

The government of Vietnam issued Resolution No. 13/NQ-CP 10 May 2012 setting forth measures designed to provide tax relief for businesses affected by...

14/05/2012 Poland - New income tax treaty with Canada

Representatives of the governments of Poland and Canada today signed a new income tax treaty. The treaty, once it enters into force, will replace the...

14/05/2012 Poland - Foreign investment fund is allowed same tax treatment as Polish fund

The District Administrative Court in Rzeszow issued a judgment concluding that for corporate income tax purposes, a U.S. investment fund is to be...

more HR features

• Russia - Customs changes, tax incentives on WTO accession:
  Russia is expected to become a full member of the World Trade Organization WTO by July 2012with ratification by the Duma of a December 2011 protocol for Russias accession to the WTO.
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• Poland - Foreign investment fund is allowed same tax treatment as Polish fund:
  The District Administrative Court in Rzeszow issued a judgment concluding that for corporate income tax purposes, a U.S. investment fund is to be allowed the same tax exemption as is provided Polish domestic investment funds under Polands tax law.
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• Poland - New income tax treaty with Canada:
  Representatives of the governments of Poland and Canada today signed a new income tax treaty. The treaty, once it enters into force, will replace the existing Poland-Canada income tax treaty of 1987.
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• Thailand: Board of Investment Launches Online Portal for Work Permit Applications:
  Companies that are certified by the Board of Investment of Thailand BOI and employ less than ten foreign employees must begin using the new online system immediately. BOI certified companies with ten or more foreign employees have until October 1, 2012 to...
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• Mexico: Government Introduces Burdensome Visa Renewal Procedures in Mexico City:
  Effective immediately, foreign nationals extending their visas in Mexico City can no longer schedule their own appointment time; one will be assigned to them. The principal and all dependents must attend the appointment together. The Mexican National...