Posts by Sabia Liza

India: CBDT Publishes draft guidelines for determination of the POEM

January 26, 2017

The Central Board of Direct Taxes (CBDT) on 24 January 2017, has issued the guiding principles to be followed for...

Austria: Announces social security rates for 2017

January 25, 2017

The Social Security act of Austria has been amended and published in the Official Gazette on 18 January 2017. The...

Protocol to treaty between Armenia and Belarus enters into force

January 25, 2017

The amending protocol to a treaty between Armenia and Belarus has entered into force on 26 December 2016. It was...

India: Approves amendment in modified special incentive package Scheme

January 24, 2017

On 18 January 2017, the Indian Union Cabinet has given its approval for amendment in the Modified Special Incentive Package...

Slovenia publishes CbC reporting guidelines

January 24, 2017

The Slovenian Financial Administration published a new guidance on the implementation of country-by-country (CbC) reporting on 12 January 2017. The...

Pakistan: Introduces an incentive scheme for industrial and trade sectors under no question on source of investment

January 23, 2017

The government has agreed on a new incentive scheme for industrial and trade sectors under which tax authorities will not...

Sweden: Administrative Court rules PE exists in Sweden due to regular nature of activities

January 23, 2017

The Swedish Administrative Court of Appeal in the case of: Gothenburg (Kammarrätten i Göteborg) case number 2276-15, has found a...

Vietnam approves protocol to a treaty between India and Vietnam

January 22, 2017

On 17 January 2017, through a press release published by the Vietnamese government, Vietnam has approved the amending protocol to...

India: Loss making company couldn’t be excluded from comparable list if it satisfies comparability analysis

January 22, 2017

The Ahmedabad Bench of Income-tax Appellate Tribunal in case of: Erhardt+Leimer (India) Private Limited v. ACIT (ITA Nos. 3298/Ahd/2011 &...

India: Foreign tax credit allowed on the basis of gross receipts

January 21, 2017

The Ahmedabad Bench of the Income-tax Tribunal (the Tribunal) in the case of Elitecore Technologies Private Limited, held that the Foreign...

Japan and Austria: Agreement in principle on tax arbitration

January 20, 2017

The Governments of Japan and Austria have agreed in principle to amend their double taxation avoidance agreement to further promote...

DTA between Japan and Latvia signed

January 19, 2017

The governments of Japan and Latvia signed their first tax treaty in Tokyo on 18 January 2017. The treaty will...

Protocol to a treaty between India and Kuwait signed

January 18, 2017

The Kuwaiti Ministry of Finance on 15 January 2017, signed a protocol with India amending the agreement between the two...

Slovenia: Publishes advance pricing agreement rules

January 17, 2017

Details on the introduction of Advance Pricing Arrangements (APAs) are now available in the Official Gazette on 28 December 2016....

Austria-EU: Further details of tax changes

January 17, 2017

The Austrian Ministry of Finance on 2 January 2017, published a report on the tax changes that are applicable from...

Germany: Announces reduction of energy tax for manufacturing companies

January 15, 2017

The Ministry of Finance issued a press release on 11 January 2017, specifying that be eligible manufacturing companies may apply...

Pakistan: Introduces 2% tax rebate

January 15, 2017

The federal government has approved the tax reduction proposal of 2% for Shariah-compliant listed companies through Finance Act 2016.

Dominican Republic: Tax Authorities publishes new request forms for all tax-related procedures

January 15, 2017

The tax authority (DGII) of the Dominican Republic has recently published on its website, a set of new forms that...