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14th ATAIC Conference
Date
Saturday, November 18, 2017

Special Event

9 - 13 December 2017, Tehran


Recent Events
Czech Prime Minister Proposes Bank Tax
The ruling Czech Social Democratic Party, led by Prime Minister Bohuslav Sobotka, will introduce a special tax on the countrys banks if it wins elections scheduled for later this year.
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South Korea Achieved Record Tax Revenues In 2016
South Korea posted a small fiscal surplus in 2016 for a second year running, largely due to an unexpected increased in corporate tax and value-added tax revenues.
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Switzerland Rejects Corporate Tax Reform
Proposed changes to Switzerlands corporate tax framework have been rejected in a referendum.
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UAE Confirms Details For VAT From January 2018
The UAE has provided more details on plans to introduce VAT at a rate of 5 percent across the other Gulf Co-operation Council (GCC) member states on January 1, 2018.
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Tel:  +98 21 3396 7446
       +98 21 3990 3723
Fax: +98 21 3396 7431
Email: m.mollanazar@tax.gov.ir
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UK To Waive Tax On Deceased Taxpayers ISA Investments
International Tax News

UK To Waive Tax On Deceased Taxpayers ISA Investments

<p class="MsoNormal" style="line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; direction: ltr; unicode-bidi: embed;"><span style="font-family: times new roman, serif; font-size: 13pt;">HM Revenue and Customs is proposing to extend to the Individual Saving Account tax advantages to investments held within an account after the death of the account holder.</span></p> <p class="MsoNormal" style="line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; direction: ltr; unicode-bidi: embed;"><span style="font-size:13.0pt;font-family:times new roman,serif;mso-ascii-theme-font:major-bidi;mso-fareast-font-family:times new roman;mso-hansi-theme-font:major-bidi;mso-bidi-theme-font:major-bidi">Recently released draft legislation would, subject to time limits, exempt personal representatives, beneficiaries or legatees from income tax or capital gains tax on investments retained in an ISA during the administration of a deceased savers estate.<o:p /></span></p> <p class="MsoNormal" style="line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; direction: ltr; unicode-bidi: embed;"><span style="font-size:13.0pt;font-family:times new roman,serif;mso-ascii-theme-font:major-bidi;mso-fareast-font-family:times new roman;mso-hansi-theme-font:major-bidi;mso-bidi-theme-font:major-bidi">According to HM Revenue and Customs, the aim of the change is to reduce the tax chargeable on savings income after the death of an ISA saver and simplify the tax-advantaged transfer of ISA savings on death.<o:p /></span></p> <p class="MsoNormal" style="line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; direction: ltr; unicode-bidi: embed;"><span style="font-size:13.0pt;font-family:times new roman,serif;mso-ascii-theme-font:major-bidi;mso-fareast-font-family:times new roman;mso-hansi-theme-font:major-bidi;mso-bidi-theme-font:major-bidi">The measure was first announced in the Autumn Statement 2015. A consultation on the proposal is to run until April 7, 2017.<o:p /></span></p> <p class="MsoNormal" style="line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; direction: ltr; unicode-bidi: embed;"><span style="font-size:13.0pt;font-family:times new roman,serif;mso-ascii-theme-font:major-bidi;mso-fareast-font-family:times new roman;mso-hansi-theme-font:major-bidi;mso-bidi-theme-font:major-bidi">Tax-news.com<o:p /></span></p>

News Date: 20170000
Czech Prime Minister Proposes Bank Tax
South Korea Achieved Record Tax Revenues In 2016
Switzerland Rejects Corporate Tax Reform
UAE Confirms Details For VAT From January 2018
New Zealand Eyes Tax Cuts In Budget

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