Posts by Sabia Liza

Slovenia: Publishes new individual income tax rates for 2017

December 19, 2016

The Ministry of Finance published the individual income tax rates on 9 December 2016, which is applicable from 2017. The...

Germany: Approves the bill on amendments to change-in-ownership rules

December 18, 2016

The Federal Council permitted the bill on amendments to the change-in-ownership rules on 16 December 2016. The bill will enter...

India: Publishes goods and services tax rates

December 16, 2016

India has published the following Goods and Services Tax (GST) rates into the future of the implementation of the new...

Japan: Government outlined its 2017 tax reform plan

December 15, 2016

The government released its 2017 tax reform plan on 8 December 2016. A tax reform bill will be prepared based...

Japan: Amendments coming for CFC rules in 2017 tax reform

December 14, 2016

Japan’s tax commission has announced on 8 December 2016, its intention to amend the tax rules regulating CFCs (controlled foreign...

Denmark: Issues CbC notification rules

December 13, 2016

The Danish tax authorities (SKAT) on 9 December 2016 announced that country-by-country (CbC) notifications must be submitted electronically and in...

India and Cyprus signed a revised income tax treaty and Protocol

December 12, 2016

A revised Agreement between India and Cyprus for the Avoidance of Double Taxation and the Prevention of Fiscal evasion (DTAA)...

DTA between Australia and Germany entered into force

December 11, 2016

The Income Tax Treaty (2015) between Australia and Germany has been entered into force on 7 December 2016. The treaty...

Pakistan: FBR issues rules for computation of capital gain tax

December 10, 2016

Federal Board of Revenue (FBR) has issued a notification for the calculation of capital gain tax on the transaction of...

Vietnam: Publishes a guidance on corporate income tax, VAT and customs

December 8, 2016

Vietnam’s tax authorities on 25 October 2016 circulated certain corporate income tax; value added tax (VAT), labour compliance, and customs...

Russia: Submits a bill related to tax deductible R&D expenses

December 7, 2016

The government on 23 November 2016 submitted a bill to the lower house of the parliament on amending the list...

Pakistan: FBR issues income tax return form for companies-tax year 2016

December 6, 2016

The Federal Board of Revenue (FBR) has published income tax return form for companies for the tax year 2016 on...

Pakistan: FBR asks taxpayers to file returns for tax year 2016 before deadline

December 6, 2016

The Federal Board of Revenue (FBR) has asked the taxpayers to file their annual income tax returns for the tax...

World Tax Brief: November 2016

December 5, 2016

Australia GAAR: In the 2016-17 Budget, the Australian Government announced that it would implement a Diverted Profits Tax (DPT) to...

India: Approves higher taxes and penalties on black money bill

December 1, 2016

The lower house of Parliament (Lok Sabha) passed the Taxation Laws (Second Amendment) Bill 2016 (the Bill) on 29 November...

Guidance from Japan’s tax agency relating to tax agreement with Taiwan

November 30, 2016

Japan’s national tax agency on 30 November 2016 released guidance with respect to withholding taxes and forms for application of...

DTA between Equatorial Guinea and UAE signed 

November 30, 2016

An Income Tax Treaty between the UAE and Equatorial Guinea has been signed on October 19, 2016.

Germany: Publishes social security contributions thresholds for 2017 

November 30, 2016

The Federal Council approved the regulation concerning the thresholds for social security contributions for 2017 on 25 November 2016, which...