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Cyprus / Russia Protocol signed

11 Oct 2010

On 7 October 2010, the new Protocol to the 1998 Cyprus/Russia Double Tax Agreement came into force. The signing of the Protocol means that Cyprus has now been removed from the Russian “blacklist” of offshore jurisdictions.


Panama: New tax treaties

8 Oct 2010

Panama has signed new tax treaties with the Netherlands and Luxembourg.


Indonesia: Transfer pricing rules introduced

8 Oct 2010

Indonesia has introduced comprehensive transfer pricing rules based largely on the principles contained in the OECD Transfer Pricing Guidelines.


UK: Branch profit exemption moves a step closer

7 Oct 2010

It now appears almost certain that the proposed exemption for overseas branch profits will be introduced, with some form of loss relief preserved, following the publication of a Government consultation document.


Ireland Enacts Central Bank Reform Law

7 Oct 2010

The Central Bank Reform Act 2010, which was signed into law by the President on 17 July 2010, has now been brought into immediate effect through the signing of a Commencement Order by the Minister for Finance.


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