Withholding tax rate on dividends [PDF 98KB]
This Financial Services Tax News discusses withholding tax rates on dividends and the application of tax treaties following scheduled increases in tax rates.
OECD releases revised discussion draft on beneficial ownership [PDF 131KB]
On 19 October 2012, the OECD released its revised proposals on the topic of beneficial ownership. This contains some modifications from its earlier discussion draft (released in April 2011) which proposed various changes to the Commentary to the OECD Model Tax Treaty in order to clarify the beneficial owner test.
Consumption tax update:Real estate related transitional rules [PDF 108KB]
The Consumption Tax Hike Law was approved on June 26, 2012 by the lower house and subsequently by the upper house of the Japanese Diet on August 10, 2012. Under the reform, the consumption tax rate will be increased gradually; and the reform includes transitional rules with regard to the planned increase applicable to specific types of contracts.
This newsletter provides a summary of the transitional rules as related to the real estate industry.
Special Editon: The Financial Transactions Tax Latest developments [PDF 265KB]
This Newsletter provides an update on the ongoing debate regarding the proposed introduction of a Financial Transactions Tax (FTT) within the EU. In this Newsletter we focus on how the debate has developed since December at the level of the EU, including the latest position across the Member States.