Posts by Sabia Liza

Germany: The CJEU decision permits deviations from the arm’s length principle

June 7, 2018

On 31 May 2018, the Court of Justice of the European Union (CJEU) issued its decision in the case of: C-382/16 Hornbach-Baumarkt that...

Japan: Diet passes Bill on the Multilateral Instrument (MLI)

June 7, 2018

On May 18, 2018, the Japanese legislature passed the Bill on the Multilateral Instrument (MLI). This means that Japan has...

World Tax Brief: June 2018

June 3, 2018

Hong Kong Main corporate tax rate: On 16 May 2018, the Legislative Council passed the Inland Revenue (Amendment) Bill 2018 providing...

Slovenia publishes the clarification on MAP procedure

June 1, 2018

The Ministry of Finance of the Republic of Slovenia published the clarification on the Mutual Agreement procedure (MAP) on 7...

Germany: Federal Fiscal Court doubts the constitutionality of additional payment interest

May 29, 2018

On 14 May 2018, the Federal Finance Court (BFH) issued a decision suspending the additional default interest of 0.5% per...

Russia approves format for CbC Reports and Notification for multinational groups

May 21, 2018

On 6 May 2018, Russia’s Federal Tax Services (FTS) issued Order No. MMV-7-17/123 and Order No. MMV-7-17/124 issued on 26 April...

Singapore changes to tax reliefs for firms in pioneer industries

May 20, 2018

On 5 May 2018, Singapore has published the Economic Expansion Incentives (Amendment) Act 2018 and the related Commencement Notification and...

Lithuania: MoF proposes to amend the Corporate Income Tax Law

May 17, 2018

The Ministry of Finance has published a bill to ease the restrictions on the preferential corporate tax rate (5%) for...

Sweden: The Draft legislation regarding corporate tax changes submits to the parliament

May 10, 2018

On 3 May 2018, the draft law was submitted to the Swedish Parliament for the introduction of new tax rules...

Russia publishes bilateral and multilateral APA Procedure

May 10, 2018

On 3 May 2018, Russia published Decree No. 60 on the Official Gazette, which approves the procedures for the conclusion...

The Indian Finance Act amends the procedure for failure to comply with the income tax return

May 9, 2018

The 2018 Indian Finance Act amended the litigation procedure (Section 276CC of the Income Tax Act) for a willful failure...

India: GST Council approves proposal for new, simplified return filing

May 8, 2018

On 4 May 2018, The Goods and Services Tax (GST) Council accepted a new simplified return that would require a...

Pakistan: Finance Minister presents the budget for 2017/2018

May 7, 2018

On 27 April 2018, the newly-appointed Finance Minister Miftah Ismail presented the 2018/2019 Budget to parliament. The following corporate tax...

World Tax Brief: April 2018

May 6, 2018

Japan PE rules: On 28 March 2018, Japan’s Diet enacted the tax reform plan for 2018 and changes the domestic...

Saudi Arabia: Amendments of Income Tax Law regarding Investment Tax on Natural Gas

April 30, 2018

Royal Decree No. M/70 dated 28 March 2018 (11-7-1439H) has been issued based on Saudi Arabia’s Council of Ministers’ resolution...

Luxembourg: Parliament adopts the new IP regime

April 29, 2018

On 17 April 2018, the Bill on a new IP regime adopted was by the parliament. This will enter into...

India: DIPP publishes notification on the procedure for startups to avail tax benefits

April 26, 2018

On 11 April 2018, the Department of Industrial Policy and Promotion (DIPP) has issued Notification to outline the procedure of...

Denmark: Eastern High Court applies contemporaneous transfer pricing documentation rule

April 20, 2018

On 28 March 2018 a summary of a decision of the Eastern High Court in a transfer pricing case involving...