Posts by Sabia Liza

Sweden: Government proposes amendments to the taxation of real estate

April 6, 2017

The Swedish government has Proposes some tax changes on 30 March 2017, regarding taxation of real estate. The proposal will...

Ghana: Government passes Value Added Tax (Amendment) Bill

April 5, 2017

On 31 March 2017, the Parliament adopted the VAT (Amendment), 2017, which requires all taxable retailers and wholesalers to charge...

Pakistan: Publishes guidelines for facilitating foreign investors

April 4, 2017

On 1 April 2017, Pakistan Government has issued guidelines to the administrative heads of divisions, attached departments and autonomous bodies...

India: Launches E-filing facility for select Income Tax Returns

April 4, 2017

The Income Tax department On 1 April 2017, launched the e-filing facility for select Income Tax Returns (ITRs) for the...

India: Proposed new income tax slab for 2017-18

April 4, 2017

On 31 March 2017, Finance minister proposed to reduce the tax rate for individuals in the lowest income tax slab...

India: Introduces new simplified ITR form for assessment Year 2017-18

March 31, 2017

The government on 31 March 2017 announced that the new Income Tax Return form for Assessment Year 2017-18, has been...

Vietnam: Updates corporate tax incentives schemes

March 30, 2017

Recently, Vietnam’s tax authorities updates and published following guidance in the “official letters” regarding the corporate tax incentives schemes: –No...

Pakistan: FBR publishes the guideline on withholding taxes

March 30, 2017

Recently, the Federal Board of Revenue (FBR) has published the guideline on withholding taxes updated up to 22 March 2017....

Japan approves the tax reform plan for 2017

March 29, 2017

The Government of Japan passed the 2017 tax reform key proposals on 27 March 2017. According to the bill, the following...

India: Higher tax rate not applied when tax is withheld under tax treaty

March 29, 2017

The Ahmedabad Bench of the Income-tax Appellate Tribunal in the case of:  Uniphos Environtronic (P.) Ltd. v. DCIT [2017] 79, held...

Russia: Publishes electronic filing requirements for VAT returns

March 29, 2017

The Federal Tax Service issued decisions regarding E- filing requirements for VAT returns on 16 March 2017. According to the Federal...

Russia: Announces the timeline for implementation of IFRS

March 29, 2017

The Ministry of Finance has announced the timeline for the implementation of the International Financial Reporting Standards (IFRS) documentation on...

Ghana: Gazetted four tax amendment acts

March 26, 2017

The government published the gazette notification on 15 March 2017 regarding the following various tax amendment Acts: (i)Income Tax (Amendment)...

India: Finance Bill 2017 passed by the Lower House of Parliament

March 24, 2017

The Lower House of Parliament (Lok Sabha) passed the Finance Bill 2017 on 22 March 2017. The key amendments to...

Pakistan: FBR issues rules for common reporting standard

March 24, 2017

The Federal Board of Revenue issued SRO 166(I)/2017 on 15 March 2017, amending the Income Tax Rules 2002 by inserting...

India: Cabinet approves four GST Supplementary Bills

March 22, 2017

The Union Cabinet on 20 March 2017, approved four GST related bills and that would now be sent to Parliament...

India: Payments to Belgian entities not taxable as fees for technical services

March 22, 2017

Recently, the Ahmedabad Bench of the Income-tax Appellate Tribunal in the case of: ITO v. Cadila Health Care Ltd [2017]...

DTA between Pakistan and Switzerland signed

March 22, 2017

The Pakistan and Switzerland signed an Income Tax Treaty for the avoidance of double taxation and the prevention of fiscal...