Posts by Sabia Liza

Vietnam: VECITA requests procedure to review goods on e-commerce websites and applications

April 24, 2017

The Vietnam E-Commerce and Information Technology Agency (“VECITA”) published a notice on 20 April 2017 on its web page aiming...

Dominican Republic: DGII extends fiscal support to the agricultural sector

April 24, 2017

The Directorate General of Internal Taxes (DGII) on 6 April 2017, declared the extension of fiscal support for the agricultural...

Germany: Issues new procedure for non-residents regarding reimbursement of the withholding tax

April 20, 2017

Recently, the tax administration published an updated guidance on the tax refund procedure for non-residents to claim a 15% refund...

Russia: Facebook and other global digital giants agree to pay ‘Google Tax’

April 19, 2017

On June 29, 2016, the government has approved the VAT Law for foreign companies selling online services to Russian consumers....

India: CBDT signs four more unilateral APAs

April 18, 2017

On 6th February 2017, the Central Board of Direct Taxes (CBDT) has signed four more unilateral advance pricing agreements (APAs) with...

Russia: Negotiations to update DTA with Japan

April 17, 2017

Russian and Japanese government agents met in Tokyo to begin negotiations on updating their double tax agreement on 27 March...

Pakistan: Proposes 5% rebate for timely filing of annual income tax returns

April 16, 2017

Recently, the Federal Board of Revenue (FBR) has been advised to give the rebate of 5% as an incentive to...

India: The tribunal removed the transfer pricing adjustment for intra-group services

April 16, 2017

The Ahmedabad Bench of Income-tax Appellate Tribunal, in the case of: SABIC Innovative Plastics India Pvt Ltd. (ITA No. 1125/Ahd/2014...

Ghana: Filing of VAT & CST returns for April 2017

April 15, 2017

The Ghana Revenue Authority with a press release reminds all VAT registered persons that vat and Communication service tax returns...

India: President signs four GST Bills into law

April 14, 2017

President Pranab Mukherjee on 13 April 2017 signed four enabling Bills related to the goods and services tax (GST) into...

Pakistan: Instigated the alternative dispute resolution committee

April 13, 2017

On 29 March 2017, the Federal Board of Revenue (FBR) has started the Alternative Dispute Resolution (ADRC) service. The FBR...

Pakistan: FBR issues a law regarding payment of tax collected or deducted

April 12, 2017

Pakistan’s Federal Board of Revenue Published a Notification No. S.R.O. 255(I)/2017 of 12 April 2017, which introduced a new provision...

India: CBDT issues PAN and TAN within one day

April 12, 2017

On 11 April 2017, the Central Board of Direct Taxes (CBDT) has tied up with Ministry of Corporate Affairs (MCA)...

India: Waiver of interest by financial institutions is treated as income

April 12, 2017

In a recent judgement in the case of: McDowell & Company Ltd. v. CIT (Civil Appeal No. 3893 of 2006),...

India: CBDT publishes a notification on the patent box regime

April 11, 2017

The Central Board of Direct Taxes (CBDT) released a notification on the patent box regime under section 115BBF of the...

Germany: Draft amendments to transfer pricing documentation ordinance

April 10, 2017

The Ministry of Finance on 23 February 2017 published draft amendments to the transfer pricing documentation ordinance. These show the...

Vietnam: Imposes anti-dumping tax on steel imported from China

April 10, 2017

On March 30 2017, the Ministry of Industry and Trade officially decided to levy anti-dumping duties on imported coated steel...

World Tax Brief: March 2017

April 6, 2017

Dominican Republic Filing returns: The Dominican tax authorities allotted new regulation (General Notice No.12-17) in order to improve the tax filing...