Tax Treaty News: August 2015
Italy and Switzerland On 27 August 2015, the Italian Council of Ministers approved the draft law ratifying the amending protocol to the income and capital tax treaty with Switzerland, as amended by the 1978 protocol. China and Taiwan On 25
See MoreWorld Tax Brief: August 2015
China Incentives for Small enterprises - China's State Council decided on August 19 to improve and extend the tax breaks available for small and micro enterprises. Small and low-profit enterprises are subject to enterprise income tax on 50% of
See MoreTransfer Pricing Brief: August 2015
Australia: Documentation requirement: The Australian Treasury has released exposure draft law on 6 August 2015 to implement the new OECD standards on transfer pricing documentation like master file which will include an overview of the
See MoreUnited States: ADD/CVD Roundup for August 2015
Following table shows the Federal Register notices related to ADD/CVD cases for August 2015 in United States. Country Product Investigations Case Number Details Australia Certain Uncoated Paper Preliminary Determination of Sales at Less Than
See MoreUnited States: ADD/CVD Roundup for July 2015
Following table shows the Federal Register notices related to ADD/CVD cases for July 2015 in United States. Country Product Investigations Case Number Details Mexico Carbon and Certain Alloy Steel Wire Rod Notice of Court Decision Not in
See MoreTax Treaty News: July 2015
UAE and Uruguay The United Arab Emirates ratified the income and capital tax treaty with Uruguay by way of Decree No. 64/2015 for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Andorra and
See MoreWorld Tax Brief: June to July 2015
Austria Withholding tax on dividend distributions, capital gains: The withholding tax rate for dividends and capital gains will be increased to 27.5% (up from the current rate of 25%). If dividends are paid to corporations, a reduced withholding
See MoreTransfer Pricing Brief: July 2015
India: Comparable data range: The Punjab and Haryana High Court confirmed a judgment in the case of CIT-I v. DSM Anti Infectives India Ltd. ITA No. 116 of 2014 of a tax appellate tribunal that certain companies could be appropriate
See MoreUnited States: ADD/CVD Roundup for June 2015
Following table shows the Federal Register notices related to ADD/CVD cases for June 2015 in United States. Australia Silicomanganese Postponement of Preliminary Determination of Antidumping Duty Investigation A-602-808 See the Federal Register
See MoreTax Treaty News: June 2015
Hungary and Liechtenstein On 29 June 2015, an income tax treaty between Hungary and Liechtenstein signed in Vaduz for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. India and Thailand On
See MoreTransfer Pricing Brief: June 2015
India: Intangible property: The Delhi High Court ruling on marketing intangibles in the Sony Ericsson Mobile Communications India Pvt. Ltd. case provides clear guidance on how the issue of marketing intangibles should be viewed in cases where
See MoreWorld Tax Brief: May 2015
Indonesia Incentives: On 6 April 2015, the government grants regulation (GR) No. 18 of 2015 (GR 18/2015) regarding the income tax incentive facilities available for investments in specified business sectors and regions. This regulation is
See MoreTax Treaty News: May 2015
Colombia and Czech Republic On 6 May 2015, the income tax treaty between Colombia and Czech Republic entered into force for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. The treaty will
See MoreUnited States: ADD/CVD Roundup for May 2015
Following table shows the Federal Register notices related to ADD/CVD cases for May 2015 in United States. Belgium Stainless Steel Plate in Coils Antidumping or Countervailing Duty Order, Finding, or Suspended Investigation; Opportunity To
See MoreTransfer Pricing Brief: May 2015
India: Comparable Data Range: The company having high or extremely high profits and losses should not be the only consideration to exclude as a comparable company for purposes of determining the arm’s length price but other matters like
See MoreWorld Tax Brief : March & April 2015
United Kingdom Main Corporate tax Rate: The main rate of Corporation Tax for 2015 is 20% (With the exception of oil and gas companies with ring fence profits) from 1 April 2015. The Corporation Tax will be charged at a single rate known as the
See MoreTax Treaty News: April 2015
Iran and Czech Republic On 30 April 2015, the income tax treaty between Iran and Czech Republic was signed in Prague for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Mexico and
See MoreWorld Tax Brief : January & February 2015
Belgium Taxability of other income: From 2015 small and medium sized companies may create a "liquidation reserve" from after-tax profits. The liquidation reserve is immediately subject to a separate tax of 10%. Upon liquidation, no dividend
See More