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Date Title
October 2013
Newsletter
This is the October 2013 edition of China Tax Monthly.
November 2013
Client/Legal Alert
  • Budget 2014: Further Increase in Real Property Gains Tax (RPGT)
  • Implementation of Goods & Services Tax in Malaysia
  • Official Enforcement Date of the Personal Data Protection Act 2010 to be 15 November 2013
  • Registration Under The Personal Data Protection Act 2010
November 2013
Client/Legal Alert
The Ministry of Trade of the Republic of Indonesia issued Regulation No.61/M-DAG/PER/9/2013 on the Amendment of Ministry of Trade Regulation No.83/M-DAG/PER/12/2012 regarding Importation of Certain Products (Permendag 61/2013). Through this regulation, the government is aiming to increase stability, improve the business climate, and improve importation administration.
November 2013
Client/Legal Alert
On 31 October 2013, the Mexican Congress approved the Tax Reform, only pending the countersign by the President of Mexico and its publication in the Federal Official Gazette for its full entry into force.
November 2013
Client/Legal Alert
Pursuant to Transitory Article Two of the Federal Law for the Prevention and Identification of Transactions with Funds from Illegal Sources (Regulations), the obligations regarding the filing of notices by those who carry out the "Vulnerable Activities" referred to in article 17 of the Federal Law for the Prevention and Identification of Transactions with Funds from Illegal Sources (Law), as well as the restrictions to use cash, became effective 60 days after the effective date of the above-mentioned Regulations.
November 2013
Client/Legal Alert
On 2 November 2013, the President of the Russian Federation signed Federal Law No. 306-FZ “On Amending Parts One and Two of the Russian Tax Code and Certain Legislative Acts of the Russian Federation,” which substantially revised Russian withholding tax procedures for so-called “cascade payments” on securities and should facilitate implementation of the Russia–US agreement introducing FATCA rules. These provisions enter into force on 1 January 2014.
November 2013
Client/Legal Alert
The cloud over whether goods and services tax ("GST") will be introduced in Malaysia was finally lifted on 25 October 2013 after the Prime Minister of Malaysia announced the Budget 2014.
October 2013
Newsletter
The October 2013 Tax News and Developments issue focuses on the IRS release of final cost-sharing arrangements, losses via tax-free transfers of property, and court decisions in BMC Software v. Commissioner, Loving v. IRS and Quality Stores.
18 October 2013
Please click on the links below to download presentations, reading materials and speakers' CV.
8 October 2013
Law 14/2013, of 27 September 2013, on support of entrepreneurs and their internationalization, has also brought outstanding new developments in the sphere of public contracting. It amends Legislative Royal Decree 3/2011, which approved the Revised Text of the Public Sector Contracts Act, in order to eliminate obstacles to entrepreneurs' access to public contracting, so as to provide true leverage for expansion and consolidation for many companies.
7 October 2013
Client/Legal Alert
On 29 September, Law 14/2013 on the support and internationalization of entrepreneurs, came into force. The Law aims at supporting the entrepreneur and business activity, to facilitate development, growth, and internationalization and to encourage an entrepreneurial culture and an environment favorable to economic activity.
4 October 2013
Client/Legal Alert
On 27 September 2013, Law 14/2013 on support to the internationalization of business was approved (Spanish Official Gazette of September 28). From its entry into force on October 18, the procedure for out-of-court settlement of payments will be implemented, which is a new mechanism of debt renegotiation prior to the declaration of insolvency and an alternative to the so-called “pre-insolvency”, aimed at individual entrepreneurs, freelancers and small and medium-sized businesses that have not yet been declared insolvent whose assets and liabilities meet certain requirements. The change in the law seeks to promote out-of-court solutions for minor restructuring cases, admitting the exoneration of debts and transfer in payment of debts in certain cases.
3 October 2013
Client/Legal Alert
This new law, which takes effect on 18 October 2013, will regulate tax incentives applicable not only to entrepreneurs but also to different groups of taxpayers.
September 2013
Client/Legal Alert
On 8 September 2013 Mexico's President, Enrique Peña Nieto, submitted to the House of Representatives of the Mexican Congress a bill proposing an extensive reform of Mexico's tax system (Tax Reform).
October 2013
Client/Legal Alert
During the early morning of 30 October 2013, the Mexican Senate approved the Bill for a Tax Reform, leaving only some reserved provisions for subsequent discussion on October 30th. Although many of the provisions were approved by the Senate as they were presented by the House of Representatives, several other provisions were modified and the Bill will have to be returned to the House of Representatives for further deliberation and voting (including the provisions related to maquiladoras, dividend payment and deductible expenses).
 
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