Posts by Sabia Liza

India: Finance Minister presenting the Union Budget 2018-2019

February 1, 2018

Indian Finance Minister Arun Jaitley presenting his fifth Union Budget 2018-2019 to the parliament at 11 am today. This will be...

Austria: Council of Ministers approves the new income tax treaty with Japan

January 29, 2018

Austria’s Council of Ministers approved for ratification the new income tax treaty with Japan on 10 January 2018 for the...

DTA between Armenia and Germany entered into force

January 29, 2018

On 23 November 2017, the income and capital tax treaty between Armenia and German entered into force after the completion...

Japan: DTA with Iceland signed

January 29, 2018

On 15 January 2018, the Japanese Ministry of Finance issued a press release announcing that the Government of Japan and...

Dominican Republic: DGII publishes TP reporting threshold for 2018

January 25, 2018

The General Directorate of Internal Taxes (DGII) published the Transfer pricing (TP) reporting threshold for 2018 on 19 January 2018....

Denmark introduces new deadline for transfer pricing documentation

January 25, 2018

On 7 December 2017 the Danish Parliament passed a new law (No. L 13) launching a deadline for preparing and...

Ghana: Government passed the Tax Amnesty Bill 2017

January 24, 2018

On 22 December 2017, the Parliament has passed the Tax Amnesty Bill 2017 for a period of eight months. The Bill,...

Thailand launches SMART visa to enhance Thai industries

January 23, 2018

By mid-January 2018, the Government of Thailand will launch a “Smart Visa” scheme which grants 4 years permission to investors...

India: CBDT signed first bilateral APA with US

January 23, 2018

On 5 January 2018, the Indian Central Board of Direct Taxes (CBDT) signed the first bilateral advance pricing agreement (APA)...

India: CBDT relaxed minimum alternative tax provisions for companies

January 23, 2018

The Central Board of Direct Taxes (CBDT) issued a press release stating that with effect from Assessment Year (AY) 2018-19,...

Vietnam considers special tax for sweet drinks

January 22, 2018

The Ministry of Finance is proposing to levy a special consumption tax of 10% on sweet drinks to combat child...

Pakistan: Government has withdrawn sales tax and customs duty on cotton imports

January 22, 2018

On 5 January 2018, the Economic Coordination Committee (ECC) of the Cabinet approved withdrawal of sales tax and customs duty...

Sweden publishes CbC reporting threshold rules

January 20, 2018

The Swedish Tax Agency published a guidance on companies’ country-by-country reporting (CbC) obligations with respect to short and extended tax...

Jamaica: TAJ revised the income tax return forms and due date

January 18, 2018

Tax Administration Jamaica wishes to advise that the deadline to file Final Income Tax Returns forms for the year of...

Italy: Approves budget Law for 2018

January 10, 2018

The Italian Budget Law for 2018 (Law no. 205 of 27 December 2017) published on 29 December 2017 and entered...

Lithuania approves the Budget for 2018

January 8, 2018

On 5 December 2017, Lithuania has adopted the Budget measures for 2018. The most important changes to the Law on...

World Tax Brief: December 2017

January 7, 2018

Australia Sanctions for tax evasion: On 18 December 2017, the Australian Taxation Office was published a draft law companion guideline...

Russia publishes clarification regarding the simplified tax system

December 27, 2017

On 20 November 2017 the Federal Tax Service (FTS) published a clarification regarding the procedure for switching legal entities to...