Posts by Sabia Liza

Russia: Proposes a tax incentive for business investments

August 1, 2017

The Russian government on 19 April 2017, proposed a tax incentive for business investments. Under the proposal, the corporate tax...

Japan: DTA with Slovenia will enter into force on 23 August 2017

July 27, 2017

The Japanese Ministry of Finance on 26 July 2017 issued a press release announcing that the double taxation agreement (DTA)...

Armenia: DTA with Israel signed

July 27, 2017

On 25 July 2017, the Minister of Foreign Affairs of Armenia and the Minister of Regional Cooperation of Israel have...

India: CBDT issues final rules for valuation of unquoted shares

July 26, 2017

The Central Board of Direct Taxes (CBDT) on 12 July 2017 has issued a notification prescribing the method for valuation...

Sweden-Dominica TIEA enters into force

July 26, 2017

On 1 August 2017, The Tax Information Exchange Agreement (TIEA) between Sweden and Dominica will enter into force. The agreement...

Japan: amendments to CFC rules in 2017 tax reform

July 25, 2017

The 2017 tax reform bills were passed by the 193rd ordinary session of the Japanese National Diet on 27 March...

India: Physical presence in the source state is not necessary to constitute a service PE

July 25, 2017

A recent decision of the Bengaluru Bench of the Income-tax Appellate Tribunal (Tribunal) in the case of: ABB FZ-LLC v....

Japan issues guidance concerning customs valuation opinion

July 20, 2017

Japan’s customs bureau has recently issued guidance “customs valuation opinion” concerning how retroactive transfer price adjustments are to be addressed...

Germany releases guidance on CbC reporting requirements

July 19, 2017

The Germany Federal Ministry of Finance on 11 July 2017 issued guidance on the Country-by-Country (CbC) reporting requirements in line...

Japan: DTA with Lithuania signed

July 18, 2017

The Japanese Ministry of Finance on 14 July 2017 issued a press release announcing that the Government of Japan and...

Vietnam: National Assembly passes the new technology transfer law

July 18, 2017

The National Assembly of Vietnam on 19 June 2017 approved the Law on Technology Transfer No. 07/2017 / QH14 (“LTT 2017”)....

Slovenia publishes detailed rules on CbC reporting

July 16, 2017

The Slovenian government on 16 June 2017 published the regulation on country-by-country (CbC) reporting in the Official Gazette (No. 30/2017)...

Denmark introduces tax incentives for hydrocarbon activities

July 13, 2017

The Danish government on 26 June 2017, published a draft bill regarding tax incentives for the Danish hydrocarbon activities. The...

Austria: Federal Council approves MLI to implement tax treaty related BEPS measures

July 12, 2017

On 5 July 2017, the Federal Council of Austria approved the Multilateral Convention to Implement Tax Treaty Related Measures to...

Pakistan signs Multilateral Competent Authority Agreement

July 10, 2017

On 22 June 2017, Pakistan’s Ministry of Finance signed the Multilateral Competent Authority Agreement (MCAA) on the automatic exchange of...

Japan: DTA with Latvia entered into force

July 10, 2017

The Japanese Ministry of Finance issued a press release on 5 July 2017, announcing that the exchange of diplomatic notes between...

Austria: DTA with Israel approved

July 10, 2017

The Austrian National Council on 29 June 2017, approved the Double Taxation Agreement (DTA) with Israel for the avoidance of...

Pakistan: FBR extends super tax on banking companies

July 10, 2017

Federal Board of Revenue (FBR), through a circular, has explained the explanation and extension of super tax for the financial...