Virtual Currency Taxation, July 2018, Comparison:

Mapping the way countries dealing with virtual currency taxation. What are the law and do they have regulation regarding the issue? (The Countries participating in this issue A-Z order): ARGENTINA, AUSTRIA, BULGARIA, COLOMBIA, CYPRUS, ECUADOR, FINLAND, GERMANY, GREECE, ISRAEL, ITALY, MALTA, MEXICO, PORTUGAL, ROMANIA, SERBIA, SPAIN, THE NETHERLANDS , UNITED KINGDOM and URUGUAY. For complete ...

Intellectual Property:

https://auren.co.il/media/sites/5/2018/04/ANGEL-ANTEA-INT.COMPARISON-MARCH-2018.pdfIn the following articles, we will examine and compare the taxation and tax laws of the various countries and their reference to intellectual property. Intellectual property is reserved for protecting creations of the mind in which the author’s personality is captured, and that are unique creations, not industrially manufactured or mass-produced. These creations can be ...

International Business, April 2018, Updates from the World:

ARGENTINA: Income Tax Reform – Schedular Tax BULGARIA: Changes in the Bulgarian Value Added Tax Act effective as of 2018 CANADA: Québec Sales Tax Restrictions; a 26 Year Temporary Tax Measure that Comes to an End CYPRUS: Cyprus amends VAT; imposes 19% on sale of building land and leasing ECUADOR: “How the Economy Reactivation Law ...

Voluntary disclosure updates for Israeli taxpayers

On December 12, 2017, the Israeli Tax Authority published a temporary order concerning requests for voluntary disclosure and is effective until December 31, 2019. These exclude anonymous track requests, which will remain in effect until December 31, 2018. General background From 2003 onward, Israeli residents have been obligated to report all income and assets in ...

Voluntary disclosure – FAQs:

  Q: Why was the voluntary disclosure procedure initiated? A: The Tax Authority wishes to motivate taxpayers, licensed dealers, individuals and attorneys in corporations who have committed offenses under Israeli tax law to amend their tax reports. Q: I am a salaried worker who has never submitted a financial report, and I have money in ...

“net reductions”

On 11 December 2017 Finance Minister Mr. Moshe Kahlon announced that purchase taxes for electrical appliances, lighting, cosmetics, toys, clothing and more will be eliminated. The “net reductions” plan of the Ministry of Finance is another step in reducing the cost of living and is expected to help the entire population reduce the average cost ...

“net reductions”

  On 11 December 2017 Finance Minister Mr. Moshe Kahlon announced that purchase taxes for electrical appliances, lighting, cosmetics, toys, clothing and more will be eliminated. The “net reductions” plan of the Ministry of Finance is another step in reducing the cost of living and is expected to help the entire population reduce the average ...

Transfer prices of offshore companies operating in Israel

Transfer Pricing Environment in Israel Transfer pricing controversy cases being examined at all levels by the Israel Tax Authority (“ITA”) have risen over the past several years, while the ITA’s ability to settle these cases with multinational companies appears to be an increasingly more difficult and protracted process. One of the bases for the increase ...

The Timna Airport Project’s VAT Exemption for Foreign Companies in Israel

. Currently, an international Israeli airport named after Ilan and Asaf Ramon is being constructed several kilometers away from Eilat. The airport will be the second largest in Israel after Ben Gurion Airport. Business transactions in Israel are subject to a 17 percent value added tax (VAT). However, if the transaction is carried out as ...