Posts by Sabia Liza

Protocol to treaty between India and Austria signed

February 7, 2017

India and Austria signed a Protocol amending the existing Convention between the two countries for Avoidance of Double Taxation and...

India: Proposes amendments to the transfer pricing regulations

February 6, 2017

Indian Finance Minister published India’s 2017-18 budget on 1 February 2017. Along with other measures, the budget has proposed following...

El Salvador: Publishes late payment interest rates

February 6, 2017

Recently, the Government of El Salvador gazetted the late payment interest rates for 2017 tax year. The applicable rates are:...

World Tax Brief: January 2017

February 5, 2017

Argentina Special corporate tax rate: Argentina has introduced a new special corporate income tax rate for gambling. According to the...

India: Presents Budget for 2017-18

February 2, 2017

The Finance Minister of India presented Budget for 2017-18 to the Parliament on 1 February 2017. Here are the main...

India: Finance Minister mentioned 10 measures in his Budget speech for 2017

February 1, 2017

Indian Finance Minister Arun Jaitley today underlined the importance of infrastructure in his scheme of things for the Indian economy...

Vietnam: Tax authority promotes national online tax refund

February 1, 2017

Recently, the General Department of Taxation is speeding up the implementation of online tax refunds on a national scale, a...

India: Finance Minister presenting the Union Budget 2017-2018

February 1, 2017

Indian Finance Minister Arun Jaitley presenting his fourth Union Budget 2017-2018 at 11 am today.

Japan-Slovak Republic: Social security agreement signed

February 1, 2017

Japan and the Slovak Republic signed a social security agreement in Bratislava on 30 January 2017.

India announces GAAR will be effective from April 1, 2017

January 31, 2017

On 27 January 2017, the CBDT has issued Circular No. 7 of 2017 and provided important clarifications on the implementation...

Lithuania, Russia signed the Multilateral Competent Authority Agreement for CbC reporting

January 31, 2017

According to a press release of 27 January 2017, published by the OECD, Lithuania, Mauritius, Gabon, Hungary, Indonesia, Malta, and...

Japan: Published Frequently Asked Questions regarding transfer pricing documentation requirements

January 30, 2017

Japan’s National Tax Agency (NTA) has issued Frequently Asked Questions (FAQs) regarding transfer pricing (TP) documentation requirements in Japan. It...

Germany: Government plans to limit the royalty deductions as from 2018

January 30, 2017

The Federal Ministry of Finance recently approved a draft bill on the limitation of the deduction of royalties on 25...

India: Union Budget 2017 to be presented on February 1

January 30, 2017

A senior government official said on 19 January 2017, the Indian Government will present the Union Budget for 2017­-18 on...

Sweden: Government plans excise duty on certain electronic products

January 29, 2017

Recently, the Swedish Government proposed a new legislation regarding tax on chemicals in certain consumer products. Accordingly, the following procedures...

India: CBDT extends deadline for the dispute resolution scheme

January 29, 2017

The Central Board of Direct Taxes (CBDT) has issued a Notification (No. 124/2016 of 29 December 2016) in order to extend...

Germany: Approves the draft bill on the limitation of the deduction of royalties

January 27, 2017

The German Government has approved the draft bill on the limitation of the deduction of royalties on 25 January 2017....

TIEA between Denmark and Vanuatu enters into force

January 26, 2017

The Exchange of Information Agreement regarding tax matters (TIEA) between Denmark and Vanuatu has been entered into force on 9...