India: ITAT ruled that the Liaison Office of Hitachi constitutes a PE

September 30, 2019

On 17 September 2019, the Delhi Bench of the Income Tax Appellate Tribunal (ITAT) in the case of: Hitachi High Technologies Singapore Pte Ltd vs. DCIT , held that a Liaison Office (LO) of Hitachi Technologies Singapore Pte Limited constituted a

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Luxembourg: EU General Court upholds EC Commission’s decision in Fiat case

September 30, 2019

On 24 September 2019, the EU General Court upheld the Commission’s decision that Fiat received unlawful State aid from Luxembourg, and at the same time cancelled the decision which had found the same with respect to Starbucks in the

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India: ITAT ruled that the income which is deemed to accrue or arise in India must have a territorial nexus

March 24, 2019

Recently, the Mumbai Bench of the Income-tax Appellate Tribunal (ITAT) in the case of: Fox International Channel Asia Pacific Ltd v. DCIT (ITA No.1947/Mum/2015) regarding the taxability of agency commission relating to the services rendered outside

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Kenya: Court of Appeal explains the decision about Ruling on income “paid” for Withholding tax

March 02, 2019

On 5 February 2019, the Kenyan Court of Appeal issued its ruling on: Kenya Revenue Authority v. The Republic of Kenya (ex parte Fintel Limited). In this case, the Court of Appeal overruled the decision of the High Court that the withholding tax

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US: Court of Appeals Withdraws Opinion in Altera case

October 18, 2018

On 8 August 2018 the US Court of Appeals (Ninth Circuit) announced that it was withdrawing its opinion of 24 July 2018 in the Altera Corp case, concerning the treatment of stock based compensation by related parties in a cost sharing arrangement

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US: Appeal Court Overturns Altera decision on stock based compensation in CSAs

September 06, 2018

On 24 July 2018 the US Court of Appeals overturned the decision of the Tax Court in the case of Altera Corp, a case that concerned the inclusion of stock based compensation costs in cost sharing agreements (CSAs). The Appeal Court has determined

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Belgium: Constitutional Court announces the fairness tax unconstitutional

March 11, 2018

On 1 March 2018, The Constitutional Court of Belgium announced the fairness tax unconstitutional, thus nullifying it (judgment n° 24/2018). According to the Court’s ruling, however, the fairness tax is maintained until financial year 2017 (tax

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South Africa: Dutch court ruled on exemption of withholding tax on dividend payments

September 14, 2017

On 17 August 2017, a Dutch lower court ruled that dividend payments from the Netherlands to South African corporate entities with 10% or more ownership in the company are not subject to Dutch dividend withholding tax. The case involved a 2013

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India: Waiver of interest by financial institutions is treated as income

April 12, 2017

In a recent judgement in the case of: McDowell & Company Ltd. v. CIT (Civil Appeal No. 3893 of 2006), the Supreme Court of India held that the waiver of interest by financial institutions is assessable from the hands of the Amalgamating Company

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