Posts by Sabia Liza

Pakistan: National Assembly Passes Finance Bill 2017

July 10, 2017

The National Assembly on 13 June 2017 passed the Finance Bill 2017 by majority vote to give effect to measures...

Mauritius signs MLI to implement tax treaty related BEPS measures

July 9, 2017

On 5 July 2017 at the OECD headquarters in Paris, the Ministry of Finance and Economic Development of Mauritius has...

Vietnam publishes guidance on new transfer pricing requirements

July 9, 2017

The Ministry of Finance on 22 June 2017 published Circular 41/2017 / TT-BTC (28 April 2017), which provides some guidelines...

World Tax Brief: June 2017

July 5, 2017

Pakistan Corporate income tax rate: Pakistan’s Federal Board of Revenue (FBR) on 26 May 2017, submitted the budget for 2017/2018...

India: Government removes additional excise duty on tobacco, cigarettes under GST

July 5, 2017

After the GST implementation in India, the finance ministry has removed an additional excise duty on tobacco, pan masala and...

Slovenia: MoF plans for tax measures in 2017

July 5, 2017

The Slovenian Finance Minister (MoF) gave an overview of the fiscal measures to be taken in 2017 and the projected...

India: GST Rates for Goods and Services approved by GST Council

July 4, 2017

The GST Council held its 14th meeting in Srinagar on 18 May 2017 and 19 May 2017. In the meeting,...

Pakistan: FBR increases sales tax rates

July 3, 2017

On July 1, 2017, the Federal Board of Revenue (FBR) amended the rules in SRO 583 (I) / 2017 as regards...

Vietnam Joins the Inclusive Framework on BEPS

June 30, 2017

On 21 June 2017, the OECD published a new list of countries and jurisdictions participating in the Inclusive Framework on...

Sweden: Proposal for major corporation tax reforms

June 25, 2017

The Swedish Government on 20 June 2017 issued a statement proposing important changes in the area of corporate taxation. The...

Vietnam: National Assembly passes law on supporting SMEs

June 22, 2017

On 12 June, the National Assembly passed the Law on the support of small and medium-sized enterprises (SMEs). The measure...

Ethiopia: Budget for 2017/18

June 21, 2017

The Minister of State for Finance and Economic Cooperation presented the draft budget to Parliament on 8 June 2017. The...

India: Income Tax Appellate Tribunal rejects internal comparable

June 20, 2017

The Ahmedabad Bench of Income-tax Appellate Tribunal on 24 may 2017, in the case of Inductotherm (India) Pvt. Ltd. v....

India: CBDT notifies rule for secondary adjustments in transfer pricing

June 20, 2017

The CBDT has notified a new “Income Tax Rule 10CB” which stipulates a deadline for the reimbursement of excess money...

India: CBDT publishes a draft notice on special transitional provisions for a foreign company based in India

June 19, 2017

The Finance Ministry on 15 June 2017, issued a draft notification of transitional provisions for foreign companies in the first year of...

Mauritius will sign the MLI by the end of June 2017

June 14, 2017

The Ministry of Finance announced in a statement on 7 June 2017, that Mauritius will sign the OECD Multilateral Agreement...

Mauritius: Budget for 2017-2018

June 13, 2017

On 8 June 2017, the Prime Minister and Minister of Finance and Economic Development delivered the Budget speech for 2017-18...

Pakistan: Proposes documentation and CbC reporting requirements

June 12, 2017

On June 5, 2017, Pakistan’s Federal Board of Revenue has presented a notification (Notification SRO 421 (I) / 2017) regarding...