Posts by Sabia Liza

India: High Court affirms that comparables must be functionally similar

July 13, 2015

In the case of: CIT-I v. DSM Anti Infectives India Ltd. ITA No. 116 of 2014 the Punjab and Haryana...

Pakistan: Budget for 2015/16

July 12, 2015

The Budget for the fiscal year 2015/16 (tax year 2016) was presented on 5 June 2015. The Budget proposals will...

India: Delhi High Court Expresses Its View on Marketing Intangibles

July 2, 2015

Recently, the Delhi High Court issued its much anticipated ruling on marketing intangibles in the Sony Ericsson Mobile Communications India Pvt....

New Zealand: Minister of Finance presents the Budget for 2015/2016

June 15, 2015

The Minister of Finance presented the Budget for 2015/2016 to Parliament on 21 May 2015. The Budget 2015/2016 deals only with...

World Tax Brief: May 2015

June 8, 2015

Indonesia Incentives: On 6 April 2015, the government grants regulation (GR) No. 18 of 2015 (GR 18/2015) regarding the income...

Denmark: Parliament Enacts Law to Combat Tax Evasion

May 9, 2015

The Danish parliament has adopted a law proposal (L 167) that includes some of the measures agreed on in the package of proposals...

World Tax Brief : March & April 2015

May 6, 2015

United Kingdom Main Corporate tax Rate: The main rate of Corporation Tax for 2015 is 20% (With the exception of...

Denmark: Minister of Taxation Clarifies Danish Treaty Policy

May 6, 2015

The Ministry of Taxation published a press release summarizing the statements given by the Minister to Parliament on 29 April...

World Tax Brief : January & February 2015

May 5, 2015

Belgium Taxability of other income: From 2015 small and medium sized companies may create a “liquidation reserve” from  after-tax profits....

India: Elements for Including or Excluding Comparable Companies

May 4, 2015

In the case of Chrys Capital Investment Advisors (India) Pvt. Ltd. v. DCIT ITA No. 417 of 2014, the Delhi...

Austria: First Details of Tax Reform

April 27, 2015

The Ministry of Finance published the first details of the planned Tax Reform on 20 March 2015. The amendments will generally...

Austria: Ministry of Finance Publishes Guidance on Mutual Agreement and Arbitration Procedures

April 27, 2015

The Ministry of Finance published guidance on 31 March 2015 regarding mutual agreement and arbitration procedures under tax treaties and under...

China: Publishes new annual corporate income tax return package

April 25, 2015

State Administration of Tax issued Annual Corporate Income Tax Return Package of People’s Republic of China (Type A, 2014). The...

Treaty between Austria and Romania: Romanian Ministry of Finance Clarifies Taxation of Interest

April 24, 2015

The Romanian Ministry of Finance (MoF) issued Circular No. 674003 on 20 January 2015, expounding the taxation of interest payments...

India: High Court Decision on Cross-border Loan Transaction

April 12, 2015

The Delhi High Court in the case of:  CIT v. Cotton Naturals India Pvt. Ltd. [ITA No. 233/2014 (AY 2007-08) (Delhi...

Egypt Publishes Preliminary Budget for 2015-2016

April 12, 2015

The Ministry of Finance issued a preliminary statement on 18 March 2015, for the 2015-2016 Budget. The statement highlighted the...

Japan:  Approves Proposed tax Reforms

April 10, 2015

The National Diet has passed the proposed 2015 tax reforms and circulated the amended tax laws on 31 March 2015...

Protocol to treaty between Belgium and Vietnam approved by Belgium

April 9, 2015

The Belgian Council of Ministers approved the amending protocol to the Belgium-Vietnam double tax agreement on 3 April 2015. The amending...