Posts by Sabia Liza

Slovenia: Changes to corporate income tax law enter into force

November 12, 2015

The amendments to the Corporate Income Tax Law were published on 3 November 2015, in the Official Gazette No. 83/2015. The...

World Tax Brief: October 2015

November 5, 2015

Denmark  Dividends: The Danish Minister of Taxation published a draft bill on 5 October 2015. This draft bill planned to relax...

Denmark publishes a draft bill to relax the taxation of outbound and inbound dividends

November 3, 2015

The Danish Minister of Taxation published a draft bill on 5 October 2015. This draft bill planned to relax the...

India Publishes Notification on Use of Arm’s Length Range and Multiple Year Data

November 1, 2015

Recently, the Central Board of Direct Taxes published ‘Notification No. 83/2015′ of 19 October 2015 revising the Income-tax Rules, 1962 in...

Singapore publishes e-Tax Guide on tax treatment of gains from the disposal of investments by insurers

November 1, 2015

Recently, the Inland Revenue Authority of Singapore (IRAS) issued an e-Tax Guide (the Guide) on 27 October 2015, which explains how...

India: LOB clause under the India-Singapore tax treaty is not applicable to income taxed on an accrual basis in Singapore

October 28, 2015

Recently the Rajkot Bench of the Income-tax Appellate Tribunal in the case of: Alabra Shipping Pte Ltd, Singapore v. Income...

Denmark: Government publishes a proposal to introduce CbC reporting

October 20, 2015

The Danish government published a proposal on 18 September 2015 to amend the current tax law, and provide measures that...

Austria-Chile income tax treaty enters into force

October 14, 2015

The income tax treaty between Austria and Chile entered into force on 9 September 2015. The treaty generally applies from...

Denmark: Budget for 2016

October 14, 2015

The Budget for 2016 was presented to the parliament on 6 October 2015. The following main changes are proposed in...

World Tax Brief: September 2015

October 5, 2015

Australia Sanctions for tax evasion: The Government of Australia announced double the maximum administrative penalties that can be applied by...

Egypt- Reduced Tax Rates published in the Official Gazette

October 2, 2015

Decree Law No. 96 for 2015 amending Income Tax Law No. 91 for 2005 was published in the Official Gazette...

Lithuania issues a proposal to amend the Law on Corporate Income Tax

September 30, 2015

The Ministry of Finance of Lithuania issued a proposal to amend the Law on Corporate Income Tax on 3 September...

Denmark publishes information on the Budget for 2016

September 30, 2015

The Danish government published information on the Budget for 2016 on 29 September 2015. The tax measures set out in...

Austria: Withholding tax on dividend increases

September 29, 2015

In July 2015 the Austrian Parliament approved the Tax Reform Act 2015/2016 and this includes a provision to increase the rate...

India: Minimum Alternate Tax not applicable to foreign companies without a PE

September 29, 2015

A press release was issued on 24 September 2015 stating that, with effect from 1 April 2001, the minimum alternate...

India: No related-party relationship, despite substantial single-party purchases

September 8, 2015

In the case of: DCIT v. W.B. Engineers International Pvt. Ltd. (ITA No. 523/PN/2014, The Pune Bench of the Income-tax Appellate...

Austria: Reduced VAT rate increase in 2016

September 5, 2015

Austrian government announced in the 2016 Budget that the reduced VAT rate will increase to 13% from 10% on the following services: Cultural events, including entrance to...

World Tax Brief: August 2015

September 3, 2015

China Incentives for Small enterprises – China’s State Council decided on August 19 to improve and extend the tax breaks available for...