Mondaq Asia Pacific: Tax
Is subdivision 815-A retrospective law?
The Government has introduced a bill to amend Part IVA of the Income Tax Assessment Act.
The Government plans to amend taxation laws in order to improve the transparency of Australia's business tax system.
Two recent reports have reinforced a link between tax certainty and economic performance.
The ATO Commissioner sought to use the filed documents to 'assist with' the audit of Mr Darling and related entities.
As reported in a recent issue of Tax Notes International, employees of foreign employers temporarily assigned to work in China may face additional tax liabilities with respect to such arrangements after new guidance becomes effective on June 1, 2013.
The new policy will impact the tax cost of Home Entities and the structuring of international assignment arrangements.
The courts have recently handed down two separate tax decisions, both highlighting the need for vigilance from the taxpayer when managing its tax affairs.
The Revenue authorities in India have been seeking to benchmark the increased Advertisement, Marketing and Promotion ('AMP') expenses incurred by the Indian subsidiaries of global multinationals ('MNEs'), contending it to be services rendered to the foreign AEs by creating marketing intangibles in India, which are legally owned by them.
A discussion on what extent can transfer pricing provisions be attracted to cross-border investments in Indian subsidiaries.
We have entered into a new era of education, wherein instead of students heading abroad for pursuing their dream courses, Foreign Universities are offering such courses in India.
Prepayment charges paid for early closure of loan, whether to be allowed as deduction under the Incometax Act, 1961 or not?
Stamp duty is a very important factor in structuring transactions, specially with many of the states in India imposing high stamp duties on documents to shore up their revenues.
Service tax is one of the indirect taxes, where the service provider is required to collect tax on the services rendered by him and deposit the same with Government.
It is often a topic of dispute amongst the various judicial authorities that whether the high end educational institutions, especially schools, providing modern and equipped educational aids, maintaining the highest standards of hygiene, offering air-conditioned classroom, buses etc. are involved in activities which are charitable or commercial in nature.
The Indian government has, in the recent past, introduced a mandatory requirement of furnishing Tax Residency Certificate, for non-residents seeking tax treaty benefits.
This year while presenting the Budget, the Indian Finance Minister observed that the Tax Residency Certificate certifies that an entity is a resident but it does not certify that it is a beneficial owner.
At a time when the contours of business are undergoing major transformations on account of technological advancement across the world, issues such as those deliberated by the Kolkata Tax Tribunal in ITO v. Right Florists Limited1 were bound to arise.
The Indian Finance Minister presented the annual budget for 2013/2014 on 28 February 2013.
A recent judgment of Delhi high court in the case of CIT v. Gita Duggal tries to clarify the applicability of levy of capital gains on such transaction.
Most Popular Recent Articles
Service tax was initially introduced in the year 1994, when service tax was made applicable on only three services.
Exemptions or concessions on stamp duty could apply when contemplating the purchase or transfer of NSW real estate.
Sometimes Tax treatment of income arising by an Individual may not be clear from direct provisions of the Income tax act, 1961.
The Indian government has, in the recent past, introduced a mandatory requirement of furnishing Tax Residency Certificate, for non-residents seeking tax treaty benefits.
The Indian Finance Minister presented the annual budget for 2013/2014 on 28 February 2013.
There was no good news for individuals this budget and the proposed income tax reductions from 2015 have been deferred.
A summary of recent cases & legislative changes in the areas of customs and trade.
Although the best tax planning should commence early in a financial year, there are still many tactics to consider.
As reported in a recent issue of Tax Notes International, employees of foreign employers temporarily assigned to work in China may face additional tax liabilities with respect to such arrangements after new guidance becomes effective on June 1, 2013.
A discussion on the Stamp Duty in India.
