Posts by Sabia Liza

Japan signs the Multilateral Convention to implement tax treaty related BEPS measures

June 12, 2017

The Minister of State for Foreign Affairs, on 7 June 2017 in Paris on behalf of Japan, signed the Multilateral...

Pakistan: Signs the Multilateral Convention to implement tax treaty related BEPS measures

June 11, 2017

On 7 June 2017, the OECD announced that Pakistan signed the Multilateral Competent Authority Agreement on Automatic Exchange of Financial...

India: CBDT notifies new safe harbour regime for cross-border transactions

June 11, 2017

The Central Board of Direct Taxes (CBDT) on 7 June 2017, has issued a new, relaxed, safe harbour regime in...

Germany signs the Multilateral Convention to implement tax treaty related BEPS measures

June 10, 2017

Finance Minister Schäuble signed the OECD Multilateral Instrument (MLI) on 7 June 2017 in Paris. The MLI instrument represents a...

India signs the Multilateral Convention to implement tax treaty related BEPS measures

June 10, 2017

The Finance Minister, Arun Jaitley, on 7 June 2017 in Paris on behalf of India, signed the Multilateral Convention to...

Pakistan: FBR proposes to introduce a Directorate General of Transfer pricing

June 9, 2017

Federal Board of Revenue (FBR) has proposed through Finance Bill 2017 to establish Directorate General of Transfer Pricing which shall...

OECD: 68 jurisdictions have signed MLI to implement tax treaty related BEPS measures

June 8, 2017

On June 7, 2017, in Paris 68 nations signed a multilateral instrument to amend their existing tax treaties, adding provisions...

Bahamas: Budget Communication 2017-18

June 7, 2017

The Bahamas 2017-18 Budget was submitted to the National Assembly on May 31, 2017. The budget included an increase in...

World Tax Brief: May 2017

June 5, 2017

Australia Corporate tax rate: The 2017-18 federal budget has been delivered on 9 May 2017 and the government announced a...

Germany implements legislation that restricts the tax deductibility of related-party royalty payments

June 5, 2017

The Federal Parliament and the Federal Council on 12 May 2017 and 2 June 2017 have agreed on the implementation...

Lithuania: Parliament approves CbC reporting requirements

June 1, 2017

The Lithuanian Parliament on 23 May 2017, passed amendments to the Tax Administration Law to implement the CbC reporting requirements...

Pakistan: FBR proposes budget for 2017/2018

June 1, 2017

Pakistan’s Federal Board of Revenue (FBR) on 26 May 2017, presented the budget for 2017/2018 to the parliament. The following...

Germany: Government approves signing of MLI to implement tax treaty related BEPS measures

May 31, 2017

The German Federal Parliament on 21 December 2016, approved the signing of the Multilateral Instrument (MLI) to implement into bilateral...

Russia: Government approves signing of MLI to implement tax treaty related BEPS measures

May 31, 2017

The Russian government on 20 May 2017, approved the signing of the Multilateral Instrument (MLI) to implement into bilateral tax...

Japan and Iceland agree on a DTA

May 29, 2017

On 29 May 2017, the Japanese Ministry of Finance announced that the Government of Japan and the Government of Iceland...

India: SC rules that income from the sub-licensing of property is not taxable as business income

May 29, 2017

The Supreme Court (SC) in the case of Raj Dadarkar and Associates v. ACIT (Civil Appeal No. 6455-6460 OF 2017),...

India: Reimbursement of costs for training and general insurance not included in fee for technical services

May 28, 2017

The Mumbai Bench of the Income-tax Appellate Tribunal in the case of: Gemological Institute International Inc v. DCIT (ITA No....

Slovenia: Proposal for more specific requirements for CbC reporting

May 23, 2017

The Slovenian Ministry of Finance on 19 April 2017 issued a proposal to amend the rules for the application of...