Posts by Sabia Liza

India: Signs A further five unilateral advance pricing agreements

November 29, 2016

India’s Central Board of Direct Taxes has entered into a further five unilateral advance pricing agreements (APAs). The APAs were...

Denmark: Publishes main tax thresholds for 2010-2017

November 29, 2016

The Danish Ministry of Taxation  published an overview of the tax thresholds applicable in the period from 2010-2017. The main...

Mexico: Publishes tax reform package for 2017

November 29, 2016

Mexico’s Government on 30 November 2016 Publishes the Decree containing the tax reform package for 2017 in the Official Gazette....

Sweden: Submits proposals for the implementation of CbC reporting bill

November 29, 2016

Proposals for the implementation of country-by-country transfer pricing reporting have been submitted to Sweden’s Council on Legislation alongside a draft...

India and Japan amends their Double Tax Agreement

November 28, 2016

On October 29 an update to India and Japan’s double tax agreement entered into force. Further, the agreement has been...

India:Transfer pricing method applies uniformly to all international transactions

November 25, 2016

The Delhi High Court, in the case of: Magneti Marelli Powertrain India Pvt. Ltd. v. DCIT (ITA 350/2014), held that...

Japan: Consumption tax rate increase postponed

November 24, 2016

The Diet passed the bills postponing the consumption tax rate increase and other related measures. The bills were submitted to...

China Proposes FTA with Russia and others

November 22, 2016

China’s Deputy Minister of Commerce has proposed that the member countries of the Shanghai Cooperation Organization (SCO) – China, Kazakhstan,...

Protocol to a treaty between Germany and Netherlands signed

November 21, 2016

The amending protocol, to the Germany – Netherlands Income Tax Treaty (2012) signed on 11 January 2016, which will enter...

 India and Korea DTA will become effective from 2017

November 20, 2016

The India and South Korea double tax avoidance agreement will become effective from January 1, 2017.

Protocol to a treaty between India and Singapore signed

November 20, 2016

The Indian Government signed its new DTA Protocol with Singapore and entered into force on October 29.

Russia: Adopts changes to the Tax Code

November 17, 2016

The State Duma adopted in the first hearing draft Law No. 11078-7 (the Law) on 2 November 2016, regarding changes...

Slovenia: Publishes new R&D tax incentives guidance

November 16, 2016

The Financial Administration recently published guidance on the application of research and development (R&D) tax incentives. The guidance specifies the...

Pakistan: President enacts Companies Ordinance 2016

November 15, 2016

The President approved the Companies Ordinance 2016 on 11 November 2016, which replaces the Companies Ordinance 1984. The main points...

Vietnam: Publishes the draft decree on transfer pricing

November 12, 2016

The final draft transfer pricing (TP) decree was released on 3 October 2016 by the Ministry of Finance, following Resolution...

Germany: Releases draft bill to combat tax avoidance

November 10, 2016

The German Ministry of Finance released a draft bill on 28 October 2016 about further measures taken to combat tax...

Indian subsidiary represented by its managing director constitutes a fixed place PE in India

November 10, 2016

Recently, the Chennai Bench of the Income Tax Appellate Tribunal (the Tribunal) in the case of: Carpi Tech SA v....

World Tax Brief: October 2016

November 6, 2016

Switzerland Main corporate tax rate:  On June 17, 2016, The Swiss Corporate Tax Reform III (CTR III) introduces a gradual...