Posts by Sabia Liza

Japan: Cabinet Approves 2016 Tax Reform Proposal

January 18, 2016

The Japanese Cabinet approved the 2016 tax reform proposal (2016 Tax Reform) on December 24, 2015. The proposal contains modifications to Japanese...

Singapore: Changes to Transfer Pricing Guidelines

January 7, 2016

The Inland Revenue Authority of Singapore (IRAS) published the third edition of the e-Tax Guide on the transfer pricing guidelines...

World Tax Brief: December 2015

January 5, 2016

Australia GAAR: The Tax Laws Amendment (Combating Multinational Tax Avoidance) Bill 2015 received Royal Assent on 11 December 2015. The...

India: CBDT issues draft guidelines for determination of a company’s place of effective management

December 29, 2015

India’s Central Board of Direct Taxes (CBDT) has issued draft guiding principles for determining if a company is a resident...

Denmark: Government Passes bill on Country-by-Country Reporting

December 20, 2015

On 18 December 2015 the Danish Parliament approved the draft Bill introducing Country-by-Country  Reporting based on Action 13 of the Organization for...

Mexico-Publishes new Income Tax Law regulations regarding corporate taxation

December 20, 2015

The new regulations to the Income Tax Law were published in the Official Gazette on 8 October 2015. The main changes...

Brazil: New deadlines for corporate tax e-filing

December 15, 2015

On 3rd December 2015 Brazil’s tax authority (Receita Federal do Brasil – RFB) announced new deadlines for certain information filings...

Japan: 2016 Tax Reform Outline

December 14, 2015

Japan’s ruling party released the 2016 Tax Reform outline on 16 December 2015. The Outline includes a further corporate tax...

World Tax Brief: November 2015

December 6, 2015

Spain Main Corporate tax rate: The corporate income tax rate will be reduced from 28% to 25% from January 2016. Following...

Lithuania: Changes to various tax laws

December 1, 2015

Draft amendments to various tax laws were approved by the parliament in the first reading on 17 November 2015. If...

DTA between Japan and Taiwan signed

November 29, 2015

Japan and Taiwan signed a double taxation agreement (DTA) in Tokyo on 26 November 2015. This DTA is the first agreement regarding...

Egypt: Clarification guideline with respect to corporate taxation

November 26, 2015

The Egyptian Tax Authority published Guideline No. 28 for 2015 on 12 November 2015. The Guideline clarifies certain issues with respect...

Slovenia: Changes to Corporate Income Tax Law

November 22, 2015

The Ministry of Finance proposed amendments to the Corporate Income Tax Law on 10 November 2015. Once adopted by the...

India: Government Press Release on phasing out the plan of deductions under the Income-tax Act

November 21, 2015

The Finance Minister in his Budget Speech for 2015 indicated that the rate of corporate tax will be reduced from 30% to...

Protocol to a treaty between Russia and Singapore signed

November 20, 2015

Russia and Singapore signed an amending protocol to the Russia – Singapore Income Tax Treaty (2002) on 17 November 2015,...

India: A taxpayer is entitled to foreign tax credit against the MAT liability

November 16, 2015

Recently, the Bangalore Bench of the Income-tax Appellate Tribunal (the Tribunal) in the case of: DCIT v. Subex Technology Ltd....

India: Progressive Refund Process, Exports of services

November 15, 2015

In India Exporters of services are now entitled to claim a refund of the unused central value added tax credit...

India: No Transfer pricing adjustment when tax avoidance not possible

November 15, 2015

The Mumbai Bench of the Income-tax Appellate Tribunal in the case of: DCIT v. Tata Consultancy Services Ltd. (ITA no....