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14th ATAIC Conference
Date
Tuesday, July 7, 2020

Special Event

9 - 13 December 2017, Tehran


Recent Events
A final step on the Agreement for the Avoidance of Double Taxation between Iran and India
A final step on the Agreement for the Avoidance of Double Taxation between Iran and India, was stressed upon during the meeting between INTA President and Indian Ambassador to Tehran.
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INTAS MEASURES RECENTLY MADE AGAINST CORONA VIRUS (MAY 2020)
Measures that have recently been taken by the Iranian National Tax Administration (INTA) against the outbreak of Corona Virus (Covid-19) can be divided into two parts as follows: A) Intra-Organizational Measures (On the side of Employees) 1) Maintaining the social distancing strategy and moving towards the next...
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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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Tel:  +98 21 3396 7446
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Fax: +98 21 3396 7420 
Email: h.tajmirriahi@tax.gov.ir
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Czech Prime Minister Proposes Bank Tax
International Tax News

Czech Prime Minister Proposes Bank Tax

Theruling Czech Social Democratic Party, led by Prime Minister Bohuslav Sobotka,will introduce a special tax on the countrys banks if it wins electionsscheduled for later this year.

Theparty confirmed recently that the bank tax will form part of its electionprogram and would be modeled closely on Austrias bank levy. The tax isintended to prevent banks from shifting untaxed profits out of the country.

Theparty accused the countrys banking sector of having shifted CZK460bn inprofits abroad over the last 14 years.

Accordingto the SDPs announcement, the bank tax will be progressive, rising with thelevel of a banks assets.

Thetax will start at 0.05 percent on assets up to CZK50m (USD1.96m), increasing toup to 0.4 percent on banks with assets of more than CZK300bn.

Thetax would be paid in addition to corporate tax and is expected to raise CZK11bnin revenue.

Electionsto the Czech Republics Chamber of Deputies are due to be held on October 27,2017.

Tax-News.com

News Date: 20170000
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