Search results for

Rosanne Bonnici In the 2010 Budget Speech, delivered on November 9 2009, the minister of finance announced a number of fiscal measures aiming at incentivising investment and businesses. These measures were included:

By Jack Grocott

By David Stevenson

Henry An Following several years of intense discussion, Korea's consolidated tax regime is set to roll out and corporate taxpayer may now elect to file a consolidated tax return for fiscal years beginning on or after January 1 2010. Some of the key considerations are as follows:

Finn Eide The Supreme Court of Norway issued a ruling in December 2009 regarding the obligation a taxpayer has to file documentation proving his residence status under article 4 of the tie breaker rule in the Norwegian tax treaties.

Paulo Núncio Miguel Pimentel Because of budgetary constraints, the Portuguese government has presented a Stability and Growth Programme (Plano de Estabilidade e Crescimento), which contains several measures designed to meet budgetary consolidation targets for the period 2010 to 2013.

Carl Pihlgren Mika Persson The Swedish parliament has issued a final bill about cross-border tax consolidation. New rules related to investment funds have also been proposed.

Slobodan Mihajlovic On March 23 2010 the Serbian Parliament adopted the Law on Corporate Income Tax of Legal Entities, which became effective from March 27 2010. Initially, the law extends its scope of application to taxpayers qualifying as legal entities and not solely to companies, as implied by the change in its name; such legislation was formerly known as the Law on Corporate Income Tax of Companies.

Jose Francisco Arrasate The Spanish Supreme Court issued an important judgment on November 30 2009 (published in March 2010) on the possibility of taking the verified customs value as market value in the purchase of certain goods from a related company, for corporate income tax (CIT) purposes.

On March 10 2010, the EFTA Surveillance Authority (ESA) issued a letter of formal notice to Norway for failing to comply with its obligation under articles 31, 34 and 40 of the Agreement on the European Economic Area (EEA) by imposing an immediate taxation on companies that transfer their seat or assets and liabilities to another EEA state and on the shareholders of such companies and for breach of the SE Regulation.