Posts by Sabia Liza

Slovenia: publishes proposal for amendments to the corporate income tax law

April 26, 2016

Recently, the government published several proposals for amendments to the individual and corporate income tax laws with the aim of...

Vietnam: Corporate tax incentives for regular investment activities

April 25, 2016

The Ministry of Finance on 7 April 2016, published Official Letter No. 4769/BTC-TCT which providing criteria on tax incentives for...

India: Central Board of Direct Taxes issues draft rules concerning foreign tax credit

April 24, 2016

India’s Central Board of Direct Taxes (CBDT) issued the draft rules: F. No. 142/24/2015-TPL, concerning the foreign tax credit and...

India: Bench marking the arm’s length interest rate on related-party debt

April 18, 2016

The Mumbai Bench of the Income-tax Appellate Tribunal held in the case of India Debt Management Pvt. Ltd. v. DCIT...

India: Factors to be used in selecting comparables

April 10, 2016

The Bangalore Bench of the Income-tax Appellate Tribunal recently provided judgment in the case of ACIT v. McAfee Software (India)...

World Tax Brief: March 2016

April 5, 2016

  Japan Main corporate tax rate: The parliament (National Diet) on 29 March 2016 passed the tax reform for 2016....

Japan approves tax reforms for 2016

March 31, 2016

The parliament (National Diet) on 29 March 2016 passed the tax reform  for 2016. The main changes are set out...

Singapore: Finance Minister presents the 2016 budget to Parliament

March 30, 2016

The Budget for 2016 was presented to Parliament by the Finance Minister on 24 March 2016. A summary of the...

India: Country-by-country reporting, transfer pricing documentation rules in budget 2016

March 15, 2016

The fiscal budget was announced in India on 29 February 2016. One of the most important developments from a Transfer...

India: Marketing & Sales Promotion Expenses Not International Transactions for Arm’s Length Standard

March 15, 2016

The Bangalore Bench of the Income-tax Appellate Tribunal held in the case of: Essilor India vt. Ltd. v. DCIT [IT(TP)...

World Tax Brief: February 2016

March 6, 2016

South Africa Main corporate tax rate: The Budget for 2016-17 was presented to Parliament by the Minister of Finance on...

Denmark proposes amendments for the several laws

March 5, 2016

The Ministry of Taxation submitted a law proposal (L 123) to the parliament on 23 February 2016, amending several laws....

India: CBDT issues guidance on transfer pricing audit procedures

March 3, 2016

The Central Board of Direct Taxes (CBDT) in India has issued Instruction No. 3 of 2016 on 10 March 2016,...

India: Finance Minister releases 2016 -2017 Budget

March 1, 2016

The Finance Minister of India presented Budget for 2016-17 to the Parliament on 29 February 2016. The main changes of...

Indonesia: Reduced final withholding income tax rates on interest income

February 18, 2016

As per the new Regulation No. 123/2015 issued in late December 2015, final withholding income tax rates have been reduced on...

Malaysia: Tax incentives for companies participating in the MY Carbon programme

February 18, 2016

The Finance Ministry has approved tax incentives on 18 February 2016 for companies participating in the National Corporate Greenhouse Gas...

World Tax Brief: January 2016

February 4, 2016

Chile CFC Rule: Under the Circular 30 of the tax administration from  2016, the main aspects of the CFC rules...

Taiwan: Simplifies the conditions for the application of advance pricing agreement

February 3, 2016

The Ministry of Finance has simplified the conditions for the application of an advance pricing agreement (APA) and other procedural...