* Hong Kong & Italy Signed DTA
14 January 2013, Hong Kong
Hong Kong & Italy signed a bilateral double taxation agreement (DTA).
Check here for more.
* US – Spain Updated DTA
14 January 2013, Madrid
US and Spain signed a protocol modifying the existing agreement aimed at avoiding double taxation and preventing tax evasion.
Find more here.
* Final FATCA Regulations
The United States Treasury Department and the Internal Revenue Service (IRS) issued comprehensive final regulations implementing the information reporting and withholding tax provisions for foreign financial institutions (FFIs) under the Foreign Account Tax Compliance Act (FATCA).
Follow the link for more details.
* UN – World Economic Situation and Prospects 2013
The UN Department of Economic and Social Affairs (DESA) published the World Economic Situation and Prospects 2013.Check here.
* Liechtenstein & Germany – Tax Data Exchange
Liechtenstein and Germany are currently considering the idea of concluding a withholding tax agreement with an automatic exchange of tax information.
For more information please follow the link.
* New Rules in the EU Standardisation System
The European Union (EU) prepare a new regulation modernising the EU Standardisation system and will also be better plugged into the international standardisation system.
The new rules enter into force on 1 January 2013 and will apply directly in all member states.
Kindly check here.
* Equasis 2011 Annual Report published
“The world merchant fleet in 2011” has been published and is available for download.
Equasis is database containing safety-related information on the world’s merchant fleet from both public and private sources.
* New ISO standard for eco-efficiency assessment
13 September 2012
The International Organization for Standardization (ISO) published a new standard describing the principles, requirements and guidelines for eco-efficiency assessment for product systems.
ISO 14045:2012, Environmental management – Eco-efficiency assessment of product systems – Principles, requirements and guidelines is available through the ISO Store.
* Singapore & Vietnam Sign DTA Protocol
12 September 2012
Singapore and Vietnam signed a protocol to amend the existing double taxation agreement (DTA) between the two countries.
For more, please check here.
* South Africa-Seychelles DTA Protocol Comes Into Effect
The double taxation agreement (DTA) between South Africa and the Seychelles has been ratified and went into effect on May 15, 2012.
* US To Establish Normal Trade With Russia
13 June 2012, Washington
United States establish permanent normal trade relations (PNTR) with Russia and repeal the 1974 Jackson-Vanik amendment.
For further details, please check here.
* IFRS’s 2011 Annual Report Published
12 June 2012
TheInternational Financial Reporting Standards (IFRS) Foundation published the complete 2011 Annual Report.
The Annual Report, divided in three sections Trustees of the IFRS Foundation, Standard-setting activities, and Financials is available here.