Posts by Sabia Liza

India: CBDT signs two new APAs

October 16, 2017

On 6 October 2017, the Ministry of Finance issued a press release announcing that the Central Board of Direct Taxes...

Japan: DTA with Denmark signed

October 12, 2017

On 11 October 2017, the Japanese Ministry of Finance issued a press release announcing that the Government of Japan and...

Pakistan approves updating tax treaties with Sri Lanka, Nepal, France, Tunisia, Morocco, and Portugal

October 12, 2017

On 10 October 2017, the federal cabinet has granted approval to amend existing conventions on avoidance of double taxation treaties...

India: CBDT releases CbC reporting and Master file documentation rules for public comment

October 11, 2017

The Central Board of Direct Taxes (CBDT) published a draft guideline for framing Rules in respect of Country-by-Country reporting and...

World Tax Brief: September 2017

October 5, 2017

Sri Lanka Main corporate tax rates: The Parliament passed the new income tax law on 7 September 2017. Beginning from...

Dominican Republic: DGII publishes the sixth version of the transfer pricing information

October 1, 2017

Recently, the Dominican Republic Tax Authorities (DGII) published the 6th version of the transfer pricing information return (DIOR) through its...

Japan publishes guidance for taxpayers on the MAPs

September 30, 2017

Recently, the National Tax Agency of Japan has released a guidance on mutual agreement procedures (MAP) on their website. This guidance...

Armenia: New DTAs with Kyrgyzstan and Uzbekistan

September 27, 2017

On 25 September 2017, Ministry of Finance of Armenia published a press release that Armenia will sign Double Taxation Agreements...

Lithuania: Approves country-by-country reporting rules

September 25, 2017

On 31 May 2017, the Lithuanian Tax Administrator has approved (Order No VA–47) the reporting rules for the multinational enterprise...

Pakistan: Cabinet approves signature of protocol to tax treaty with Bahrain

September 13, 2017

The federal cabinet on 7 September 2017, has approved the signing of an amending protocol to the 2005 income tax...

Pakistan: Cabinet approves amending taxation treaties with Finland, Italy, and Turkey

September 13, 2017

The federal cabinet on 7 September 2017, approved amending the existing conventions of avoidance of double taxation treaties with Finland,...

Japan: DTA with Russia signed

September 12, 2017

The Japanese Ministry of Finance on 7 September 2017 issued a press release announcing that the Government of Japan and...

Pakistan: FBR publishes explanatory notes to the Finance Act 2017

September 11, 2017

The Federal Board of Revenue (FBR) has published Circular No. 04 dated September 06, 2017 to explain the important changes...

India: Protocol amending DTA with New Zealand enters into force

September 8, 2017

On 7 September 2017, the amending protocol of Double Taxation Agreement (DTA) between India and New Zealand was entered into...

Japan: DTA with Estonia signed

September 7, 2017

The Japanese Ministry of Finance on 30 August 2017 issued a press release announcing that the Government of Japan and...

Russia: Guidance on application of new GAAR

September 6, 2017

The Federal Tax Service (FTS) on 16 August 2017, issued a Guidance Letter on the application of Russia’s new general anti-avoidance...

Russia publishes Notice on increased late payment penalty

September 6, 2017

Recently, the Russian Federal Tax Service (FTS) issued a Notice on the increased late payment penalty from 1 October 2017....

Denmark: Government announces new tax plan

September 5, 2017

The Danish Government on 30 August 2017 presented its draft budget for 2018. If adopted by parliament the provisions should...