Posts by Sabia Liza

Germany: Capital gains 100% tax-exempt for foreign corporate shareholders

November 14, 2017

On 25 October 2017, the German Federal Tax Court (decision dated 31 May 2017) ruled in favor of foreign shareholders...

India: GST rate reduced to 18% from 28%

November 13, 2017

On 10 November 2017, the Goods and Services Tax (GST) Council reduced the tax rate on 178 items from 28%...

Sweden updates guidance on CbC reporting

November 9, 2017

The Swedish tax agency has updated their tax returns and reporting guidance on country-by-country (CbC) reporting requirements on 19 October...

Ghana: Government plans to cut corporate income tax in 2018

November 6, 2017

Recently, the Minister of Finance and Economic Planning, Mr. Ken Ofori-Atta announced that the Government is working to reduce corporate...

Ghana: Government proposes to abolish 25% corporate tax on private universities  

November 6, 2017

On 28 October 2017, the Vice President of Ghana, Dr. Mahamudu Bawumia has announced that government is working hard towards...

World Tax Brief: October 2017

November 5, 2017

Costa Rica Main corporate tax rate: Costa Rica Publishes Corporate Income new income tax brackets for the 2017-2018 tax year...

India: CBDT publishes rules for CbC reporting and Master File rule

November 3, 2017

On 1 November 2017, the Central Board of Direct Taxes (CBDT) has notified rules in respect of Country-by-Country reporting and...

Pakistan: FBR extends last date for filing tax returns up to November 15

November 1, 2017

The Federal Board of Revenue (FBR) has issued Circular No. 08 for extension in date of filing of income tax...

India: HC declares anti-tobacco Act ultra vires

November 1, 2017

On 27 October 2017, the Gauhati High Court in a crucial judgment, declared the existing anti-tobacco law in the State...

India: CBDT publishes the Final Rules for CbC reporting and the furnishing of the master file

November 1, 2017

On 31 October 2017, the Central Board of Direct Taxes (CBDT) published the Final Rules for country by country (CbC)...

El Salvador: Tax authority issues tax havens list for 2018

October 30, 2017

The Tax Administration of El Salvador issued an annual guide (Resolution No. DG-001/2017) on 28 September 2017. The guidelines set...

Taiwan: Cabinet approves draft amendments to Income Tax Act

October 30, 2017

The Executive Yuan (Cabinet) approved draft amendments to the Income Tax Act on 12 October 2017. The draft proposals include...

India: Clarification guidelines for establishing place of effective management

October 30, 2017

The Central Board of Direct Taxes recently issued a circular (No. 25 of 2017) on 23 October 2017. This circular...

Russia: Government proposes to introduce an environmental tax on cigarettes

October 26, 2017

The Ministry of health of Russia proposed to introduce an environmental tax on cigarettes for manufacturers, according to a draft of the “concept...

India extends due date for filing of CbC report for the accounting year 2016-17 to 31.03.2018

October 25, 2017

On 25 October 2017, the Central Board of Direct Taxes (CBDT) has issued Circular No. 26/2017 of 25 October 2017...

Pakistan: SME and export sectors are exempted from regulatory duty

October 24, 2017

On 16 October 2017, the Federal Board of Revenue (FBR) has said that Small and Medium Enterprises (SMEs) and export-oriented...

Pakistan: Ministries of the NHS directs government to make cigarettes inaccessible to the citizens

October 23, 2017

Recently, the ministries of national health services (NHS) and the finance department have been asked to implement the World Health...

Denmark: Planning to launch a pilot scheme to support SMEs on compliance matters

October 19, 2017

The Danish tax agency will launch a pilot scheme to support small- and medium-sized enterprises on value-added tax and direct...