Posts by Sabia Liza

Jamaica:TAJ reminds of income tax returns deadline

January 10, 2017

Tax Administration Jamaica (TAJ) is reminding taxpayers to need to file their income tax returns for the year of assessment...

Pakistan: FBR publishes proposed criteria for listed companies to take advantage of reduced rate

January 9, 2017

The Federal Board of Revenue (FBR) on 27 December 2016, published proposed criteria for listed Shari’ah-compliant companies to be eligible...

India: Protocol to the treaty with Kazakhstan 

January 8, 2017

India and Kazakhstan signed an amending protocol to the India – Kazakhstan Income and Capital Tax Treaty (1996), in New...

Pakistan: FBR Publishes Audit policy 2016

January 5, 2017

The new Audit Policy 2016, approved by the Federal Board of Revenue (FBR) on 3 January 2017 for selection of...

Austria: Publishes Tax Amendment Act in the Official Gazette

January 4, 2017

Austria published The Tax Amendment Act in the Official Gazette on 30 December 2016. The most important changes of the...

India: Service charge on restaurant bill not mandatory

January 3, 2017

The Department of Consumer Affairs on 2 January 2017 said that service charges on a restaurant bill in addition to...

World Tax Brief: December 2016

January 2, 2017

Bulgaria E-filing: The amendments to the Corporate Income Tax Act have been published in the State Gazette on 6th December...

Denmark: Budget for 2017 legislated

January 1, 2017

The Budget Bill for 2017 was enacted on 15 December 2016 and the proposed changes regarding corporate taxation are summarized...

Pakistan: Income tax proposals invited for Budget 2017/18

January 1, 2017

The Federal Board of Revenue (FBR) on 27 December 2016 issued income tax proposals for Budget 2017/18  and invited the...

Denmark: CJEU decision regarding exemption for interest income

December 27, 2016

The Court of Justice of the European Union (CJEU) on 21 December 2016, published a judgment in the case of:Masco Denmark...

India: decided to reduce the existing deemed profit rate

December 26, 2016

The Central Board of Direct Taxes announced 19 December 2016, stating that in order incentivize small traders/businesses to proactively accept...

India: Court’s decision on Computing section 10A deduction and intra-group services

December 26, 2016

Recently, In the case of Yokogawa India Ltd, The Supreme Court of India decided that the deduction under section 10A...

Sweden: Legislated Budget for 2017

December 26, 2016

The Government has been enacted the Budget Bill for 2017 on 16 December 2016. The budget will apply from 1...

DTA between Austria and Iceland approved

December 24, 2016

The Austrian National Council approved the Austria – Iceland Income and Capital Tax Treaty (2016) on 15 December 2016 for...

Austria: Publishes standardized transfer pricing documentation

December 24, 2016

The regulation on the implementation of standardised transfer pricing documentation was gazetted on 21 December 2016. The documentation requirements are...

Pakistan: KTBA Requests the date extension for return filing up to December 31

December 24, 2016

Karachi Tax Bar Association (KTBA) on 19 December 2016 request Finance Minister Senator to extend the last date for filing...

Protocol to a treaty between India and Tajikistan signed

December 23, 2016

India and Tajikistan signed an amending protocol to the India – Tajikistan Income Tax Treaty (2008) on 17 December 2016,...

Germany: Approves draft bill on combat of tax avoidance

December 22, 2016

The Federal Cabinet on 21 December 2016 approved the draft bill on the combat of tax avoidance.