Posts by Sabia Liza

India: SC finds Mitsubishi is not liable for interest on late advance tax

September 28, 2021

On 17 September 2021, in the DIT vs Mitsubishi Corporation case, the Supreme Court ruled that a taxpayer should not...

Ukraine: STS clarifies the controlled transactions criteria for TP purposes

September 25, 2021

Recently, the State Tax Service (STS) has clarified the criteria for classifying transactions between related parties (Ukrainian residents and non-residents)...

Russia increases the interest rate from September 2021

September 20, 2021

On 10 September 2021, the Russian Central Bank has announced the decision to increase the key rate from 5.5% to...

Ukraine: MOF approves three Orders on transfer pricing and other taxes

September 20, 2021

On 20 August 2021, the Ukraine Ministry of Finance announced the issuance of three orders that approve tax clarifications/consultations on: Issues...

Denmark plans to make permanent the tax incentives for R&D

September 17, 2021

On 7 September 2021, the Danish government proposed to make permanent the current temporarily increased deduction for research and development...

Singapore: MOF responses to public consultations on the draft ITA Bill 2021

September 16, 2021

On 3 September 2021, the Ministry of Finance (MOF) published its responses to feedback provided as part of the public...

India further extends due dates of ITR for FY 2021-22

September 14, 2021

On 9 September 2021, the Central Board of Direct Taxes (CBDT) has issued a press release announcing the deadline extensions...

Russia introduces reduced rate for IP income

September 12, 2021

On 31 August 2021, the Federal Tax Service has published a clarification. Accordingly, from 2 August 2021, regions of Russia...

Botswana: General Commissioner sets TP documentation threshold

September 9, 2021

On 1 September 2021, the General Commissioner published a ruling and set a threshold for the preparation and submission of...

World Tax Brief: September 2021

September 8, 2021

Botswana  Withholding tax rates: On 30 June 2021, the Minister of Finance and Economic Development enacted the budget for 2021/22....

Germany publishes Guidance on MAP and arbitration procedures

September 1, 2021

On 27 August 2021, the Federal Ministry of Finance published guidance on mutual agreement (MAP) and arbitration procedures. The guide...

India extends the due dates for E-filing of various forms

August 31, 2021

On 29 August 2021, the CBDT published circular No. 16/2021 to extend the deadlines for the electronic submission (E-filing) of...

Denmark presents Budget for 2022

August 31, 2021

On 30 August 2021, the Minister of Finance presented the government’s budget proposal for 2022. With its proposal for the...

Russia: MOF clarifies the deductibility of R&D expenses for CIT purposes

August 28, 2021

The Russian Ministry of Finance (MoF) recently issued a Guidance Letter No. 03-03-06/1/49733, published on July 26, 2021. The MoF...

German: Federal Constitutional Court voids 6% interest rate on back taxes

August 27, 2021

On 18 August 2021, the Federal Constitutional Court has published a press release stating that interest of 6% pa on...

India: CBDT notifies a formula to adjust MAT relief for secondary adjustment and APA

August 25, 2021

On 10 August 2021, the Central Board of Direct Taxes (CBDT) has published Notification No. 92/2021, which contains a new...

Germany updates the CbC Reporting requirements based on the Annual Tax Act 2020

August 23, 2021

The Federal Ministry of Finance recently published a notice on the current issue of the Federal Central Tax Office’s newsletter,...

Denmark proposes to reduce the TPD obligation for purely Danish transactions

August 20, 2021

On 23 June 2021, the Ministry of Finance submitted a draft bill for consultation. The bill proposed an amendment to...