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German's Finance Ministry on October 24 confirmed that the double tax avoidance treaty between Germany and Costa Rica will apply from January 1, 2017. Read Full Story
The United States Appreciation for Olympians and Paralympians Act has been sent to President Barack Obama for signature following Senate's approval of the bill on September 29. Read Full Story
US Senator Charles Schumer has urged the House of Representatives to pass bipartisan legislation already been endorsed by the Senate, that would exempt Team USA from income tax on medals or other prizes awarded to them during the Olympic and Paralympic Games. Read Full Story
The South African Revenue Service has published a draft guide on the most commonly experienced tax issues and situations regarding the income and expenditure of professional sports clubs and players in South Africa. Read Full Story
US Senators John Thune and Charles Schumer have reintroduced bipartisan legislation that would exempt Team USA from income tax on medals or other prizes awarded to them during the Olympic and Paralympic Games. Read Full Story
Separate measures have been introduced into the Congress of the Philippines to cut personal income tax and to examine the duties and taxes paid by Filipino athletes on awards and trophies. Read Full Story
The South African Revenue Service has revised its guide for individuals not resident in South Africa about the tax treatment of South Africa-sourced income. Read Full Story
The Italian Revenue Agency has signed a protocol with the Italian national soccer federation, which will renew regulation and control over the tax affairs and fiscal compliance of the professional clubs within the federation's ambit. Read Full Story
Guernsey’s world-first image rights register is attracting significant interest from the UK and beyond, reports Guernsey Finance - the promotional agency for the island's financial services industry. Read Full Story
The world's first image rights legislation, The Image Rights (Bailiwick of Guernsey) Ordinance, 2012, is to enter into force on December 3, 2012, following approval by Guernsey's legislative assembly, the States, on November 28, 2012. Read Full Story
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