Posts by Sabia Liza

India: CBDT amends rules to calculate interest income relating to Secondary Adjustments

October 13, 2019

On 30 September 2019, the Central Board of Direct Taxes (CBDT) has amended rule 10CB which provide for computation of...

Zambia presents the budget for 2020

October 9, 2019

On 27 September 2019, the Minister of Finance (MOF) presented the budget for 2020 to the National Assembly. Under the...

World Tax Brief: October 2019

October 7, 2019

Costa Rica  Computation of taxable income: On 25 September 2019, the Costa Rican Ministry of Finance issued a Resolution No...

Denmark deposits ratification instrument for MLI

October 3, 2019

On 30 September 2019, Denmark deposited its ratification instrument for the Multilateral Convention to Implement Tax Treaty Related Measures (MLI)...

India: MLI enters into force

October 2, 2019

On 1 October 2019, the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting...

India: ITAT ruled that the Liaison Office of Hitachi constitutes a PE

September 30, 2019

On 17 September 2019, the Delhi Bench of the Income Tax Appellate Tribunal (ITAT) in the case of: Hitachi High...

Luxembourg: EU General Court upholds EC Commission’s decision in Fiat case

September 30, 2019

On 24 September 2019, the EU General Court upheld the Commission’s decision that Fiat received unlawful State aid from Luxembourg,...

Germany publishes new draft of DAC 6 implementation law

September 29, 2019

On 26 September 2019, federal government of German issued a draft proposal regarding the implementation of mandatory disclosure rules pursuant...

Portugal legislates EU Directive on Dispute Resolution

September 25, 2019

On 19 September 2019, the Portuguese Official Gazette published a Law no. 120/2019, the new law establishes dispute settlement mechanisms...

India cuts corporate tax rate for domestic companies

September 24, 2019

On 20 September 2019, the Government of India introduced the Taxation Laws (Amendment) Ordinance, 2019. According to the Ordinance, the...

Portugal publishes changes to various Tax Codes

September 23, 2019

On 18 September 2019, the Portuguese Government officially published the Law no.119/2019. The new law has changed the following provisions:...

Sweden: Government submits the Budget for 2020

September 22, 2019

On 18 September 2019, the budget for 2020 was submitted to the Parliament by the Swedish Government. The draft budget...

Russia: FTS clarifies the application of CUP method

September 21, 2019

On 2 September 2019, the Federal Tax Service (FTS) of Russia published a Letter No. CA-4-7/17555, about the review of...

India: CBDT issues Notification on transfer pricing arm’s length tolerance range

September 19, 2019

On 13 September 2019, the Central Board of Direct Taxes (CBDT) published Notification No. 64/2019, which sets a tolerance range...

Denmark: Draft bill on international taxation submits for public comments

September 18, 2019

On 12 September 2019, the Ministry of Taxes published a major bill on international taxation. The bill will be subjected...

Vietnam clarifies the limitation of the deductibility of loan interest expense for TP purposes

September 18, 2019

On 11 September 2019, the Department of Taxation of Ha Noi City issued Official Letter No. 71443/CT-TTHT providing clarification on...

Germany presents Budget for 2020

September 16, 2019

On 10 September 2019, the Finance Minister presented the Government’s draft Budget for 2020 to the lower house of parliament...

Germany proposes corporate tax rate cut for SMEs

September 15, 2019

On 29 August 2019, the German Economy Minister announced the outline of a plan to reduce the tax and regulatory...