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KPMG in China has opened a new tax office in Xiamen, in the Fujian Province.

Tax is one of the practice areas Baker & McKenzie's newest office will focus on.

One of the leading tax officials in the US is leaving the government.

Miller & Chevalier has hired Christopher Condeluci to join its employee benefits and tax practice in Washington DC. Condeluci served as tax and benefits counsel to the US Senate Finance Committee before joining the firm.

Edward Tanenbaum Tola Ozim In Notice 2010-60, the IRS unveiled initial guidance on the Foreign Account Tax Compliance Act (FATCA) provisions of the Hiring Incentives to Restore Employment Act. The FATCA provisions are designed to detect US persons who may be evading US tax by holding income-producing assets through accounts at foreign financial institutions (FFIs) or through other foreign entities (non-financial foreign entities, or NFFEs). The FATCA provisions are generally effective for payments made after December 31 2012. More comprehensive guidance is anticipated before the effective date of the FATCA provisions.

Vladimir Kotenko In early September the Ukrainian Parliament withdrew the tax code which was voted for in the first reading back in June.

Umurcan Gago In August 2010 a new tax law (Law No 6009) was promulgated, introducing changes that are particularly important for the banking and capital markets industries as well as for corporate treasurers.

Slobodan Mihajlovic Serbian lawmakers recently adopted several laws as well as amending to the tax proceedings and administration laws. The main reason for making these amendments is to comply with the law on minor offences and the law on the organisation of courts, as well as fine tuning the tax system, especially in the area of the settlement of tax obligations as well as defining the earnings of local municipalities.

Sead Dado Salkovic Many companies or individuals often hire nonresidents to perform different tasks on behalf of their Montenegrin clients. Occasionally, foreigners are paid certain amounts as a consideration for transfer of right for using artistic, literary or scientific work including cinematographic films or radio and television broadcasting. Likewise, it includes consideration for utilisation of patent, trade mark, design, model and other intellectual rights. Therefore, it is essential to explain and clarify taxes imposed on payments to non-resident of income earned by these circumstances from the Montenegrin tax prospective.

As trade barriers are removed, the mobility of people and the access to information are ever increasing which is why the need for greater transparency and the requirement for exchange of information has been emphasised by the OECD through various initiatives. Mauritius has not remained complacent as it has developed its own model of exchange of information agreement as well as embedding an exchange of information article in most, if not all, of tax treaties that it has signed and ratified.