Posts by Sabia Liza

Peru: Tax administration clarifies the exchange rate applicable to capital gains arising from the transfer of shares

July 10, 2018

On 3 November 2017, the tax Administration in Peru issued report no. 039-2017-SUNAT/7T0000, clarifying the exchange rate applicable to capital...

India: CBDT publishes guidance on appropriate use of CbC reports

July 10, 2018

On 27 June 2018, the central board of direct taxes (CBDT) released Instruction No. 02/2018 to provide guidance on the...

Pakistan: FBR extends tax amnesty scheme period to 31 July 2018

July 10, 2018

On 7 July 2018, the Federal Board of Revenue (FBR) approved an extension in tax amnesty scheme till 31 July...

India: CBDT publishes notification for taxation of foreign company held as resident in India as per POEM

July 9, 2018

On 22 June 2018, the Central Board of Direct Taxes (CBDT) has issued a final Notification No. 29/2018, dealing with...

Russia publishes Order on CbC report automatic exchange

July 3, 2018

On 26 June 2018, Russia has approved the Order of the Federal Tax Service of 30 May 2018 No. MMV-7-17...

India: HC decides on principles for admissibility of transfer pricing appeals

July 1, 2018

On 25 June 2018, the Karnataka High Court (HC) announced the decision in the case of Softbrands India Private Limited...

World Tax Brief: July 2018

July 1, 2018

Bangladesh Main corporate tax rate: On 28 June 2018, the Parliament passed the national budget for fiscal year 2018-2019. The...

Lithuania increases the penalties for tax evasion

June 30, 2018

On 17 May 2018, the Parliament passed amendments to the tax law, which increase the penalties for tax evasion. Under...

Thailand publishes various tax incentives

June 29, 2018

Thailand issued a series of Royal Decrees on 13 May 2018, which provide for various tax incentives. One of the...

India: CBDT proposes amendments to secondary adjustment rules for transfer pricing

June 27, 2018

On 20 June 2018, the Central Board of Direct Taxes (CBDT) has announced the publication of a draft notification for...

Luxembourg: Government submits EU Anti-Tax Avoidance Directive (ATAD) to Parliament

June 27, 2018

On 20 June 2018, the draft law (Draft Law) implementing the European Union (EU) Anti-Tax Avoidance Directive (ATAD) was introduced...

Sweden: Tax Authority publishes guidelines on use of CbC report information

June 26, 2018

On 18 May 2018, the Swedish tax authority issued guidelines, clarifying its use of country-by-country (CbC) report information. The guidelines...

Pakistan enacts Finance Bill 2018

June 25, 2018

The Finance Bill, 2018 was passed by the government on 22 May 2018, with some amendments. The Bill provides for...

India: No international transaction with related party in the absence of an agreement with the AE

June 20, 2018

Recently, the Mumbai Bench of the Income-tax Appellate Tribunal (the Tribunal) ruled its decision on the transfer pricing (TP) case...

India: The expenditure specifically incurred for Indian taxpayers’ market cannot be construed to benefit the AE

June 20, 2018

On 14 May 2018, the Delhi Bench of the Income-tax Appellate Tribunal ruled its decision on the transfer pricing (TP)...

Danish Government adopts the PE rules amendments for pass-through entities

June 16, 2018

On 9 June 2018 Denmark adopted Law No. 725 of 8 June 2018 provides for amendments to the permanent establishment (PE)...

Danish Government adopts Law on R&D deductions

June 16, 2018

On 9 June 2018 Denmark adopted Law on R&D Deductions in the Official Gazette. Law No. 722 of 8 June...

Sweden: Parliament approves draft bill regarding corporate income tax changes

June 15, 2018

On 14 June 2018, the Swedish Parliament approved the bill introducing new tax rules for the business sector. The bill...