Posts by Sabia Liza

India proposes changes in advance ruling forms for transparency in cross-border deals

April 18, 2018

On 10 April 2018, the central board of direct taxes (CBDT) issued a draft which includes changes to the income tax...

Austria: MOF publishes a draft bill for 2018

April 14, 2018

On 9 April 2018, the Ministry of Finance (MOF) provided a draft bill for an Annual Tax Act 2018 and...

El Salvador issues new Transfer Pricing Guidelines

April 12, 2018

On 21 March 2018, the General Directorate of Internal Taxes of the Ministry of Finance issued the Transfer Pricing Orientation...

India: CBDT releases new Income tax return Forms for the Assessment Year 2018-19

April 12, 2018

On 3 April 2018, The Central Board of Direct Taxes (CBDT) has released the new income tax return forms for...

India: President approves Finance Act 2018

April 10, 2018

On 29 March 2018, the Finance Bill 2018 received the approval of the president and now is enacted law, following...

India: High Court Decision on separate business segments for benchmarking purposes

April 5, 2018

On 7 November 2017, the High Court(HC) in the case of: (CIT v. ESPN Software India Limited [ITA Nos. 882, 890...

World Tax Brief: March 2018

April 5, 2018

Namibia Main corporate tax rate: On 7 March 2018, the Finance Minister presented the Budget for 2018/19 to the parliament....

Japan: Parliament legislates tax reform plan for 2018

April 2, 2018

On 28 March 2018, The Diet (Japan’s parliament), enacted the tax reform plan for 2018. The tax law enforcement orders,...

Costa Rica: MOF increases the interest rate for late payments and refunds

March 30, 2018

On 16 March 2018, the Ministry of Finance (MoF) has increased the interest rate for late payments and refunds of...

India publishes clarification regarding requirement for furnishing CbC report

March 28, 2018

On 23 March 2018, the Government of India published clarification regarding requirement for furnishing of Country-by Country Report under Section...

Russia introduces VAT on B2B foreign digital services from 2019

March 28, 2018

From 1 January 2019, Russia will introduce new value added tax (VAT) rules with respect to business-to-business (B2B) supplies of...

India cuts the tariff on sugar exports to zero percent

March 28, 2018

On 21 March 2018, the government issued an official order stating that the government has abolished tariffs on exporting sugar...

Saudi Arabia: Ministerial Resolutions amends certain implementing articles of the By-law

March 27, 2018

The Ministerial Resolution No. 1727 dated 11 February 2018 has amended the following key articles of the By-Law: General provisions-...

Korea: Important changes in tax rules

March 26, 2018

The Korean Ministry of Strategy and Finance released amendments to the tax law on 13 February 2018. Key changes are...

Dominican Republic: DGII modifies the income tax returns for legal entities

March 26, 2018

With effect from 21 September 2017, the Dominican Tax Administration (DGII) has requested all companies and entities, such as trusts,...

Slovenia deposited its instrument of ratification of the MLI

March 25, 2018

The OECD announced on 22 March 2018 that the multilateral monvention to implement tax treaty related measures to prevent base...

Sweden proposes a draft bill regarding corporate income tax changes

March 25, 2018

On 21 March 2018, the Ministry for Finance presented a proposal regarding new legislation within the corporate sector. The proposal...

South Africa updates taxation of foreign dividends guidance

March 24, 2018

On 22 March 2018, the Government of South Africa released an updated version of its draft interpretation note on the...