Basis

The Croatian Parliament adopted Amendments to the Personal Income Tax (PIT) Law which came into force as of 15 October 2011 (published in Croatia’s national gazette (Narodne novine), 114/11, 07.10.2011) and Amendments to the PIT Regulations which cam...

On August 11, 2011, the U.S. Internal Revenue Service (IRS) issued Rev. Rul. 2011-19, which provides that a foreign tax credit is allowable for U.S. tax purposes for the Remittance Basis Charge (RBC) of £30,000 paid by certain individuals who elect th...