November 14, 2014

On October 25 the Russian government approved amendments to the tax legislation concerning de-offshorization of Russian business.

The main purpose is to introduce a new chapter to the Tax Code of Russian Federation related to the controlled foreign company (CFC) and the controlling entity. The rules aim at taxation of undistributed earnings of foreign companies or structures at the level of their controlling persons in the Russian Federation.

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November 3, 2014

Signed in May 2013 new tax treaty between China and the Netherlands was ratified by the governments of both countries and entered into force on 31 August 2014. The treaty is applicable to income received on or after 1 January 2015 for both countries. The most significant highlights are as follows:

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November 3, 2014

On 16 September 2014 the Dutch Minister of Finance released the Dutch Government’s response to the reports in the OECD BEPS project.

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