This is an overview of the Paper, which provides more certainty to small explorers as to the operation of the Incentive.
This Alert summarises the recent discussions regarding the enforcement of new GST legislation for online content.
Hunt & Hunt
Australia may become a party to a new international standard dealing with the automatic exchange of tax information.
These ATO proposals appear to be in response to recommendations for simplified TP documentation for SME taxpayers.
On 28 March 2014, China and Germany entered into a new double taxation agreement (DTA) and protocol (together referred to as 'the new DTA').
Haiwen & Partners
Recent rules promulgated by the state and local tax administrations in China pave the way for exempting cross-border services from value added tax.
In a nutshell, the Convention can be described as a multilateral agreement designed to promote international cooperation regarding tax laws.
China’s Ministry of Finance issued Circular 43 which provides for the entry into the VAT reforms of the telecommunications sector.
Broad & Bright
The State Administration of Taxation released Shuizonghan  No. 165 to further clarify the beneficiary ownership rules with respect to dividends.
The State Administration of Taxation issued the "Public Announcement on Certain Issues Concerning Special Tax Treatment on Equity Transfers by Nonresident Enterprises".
The China State Council has approved three special areas to promote economic cooperation between the Chinese Mainland and Hong Kong, Macau, and Taiwan.
Hong Kong and the US signed a tax information exchange agreement (TIEA) on 25 March 2014.
The MOF and SAT officially stated the policy for qualified companies in three new areas to enjoy a reduced Corporate Income Tax rate of 15 percent.
RSM Nelson Wheeler
Since China became a WTO member, the PRC General Administration of Customs has put a lot of efforts to align itself with the WTO's Customs Valuation requirements.
Deloitte Touche Tohmatsu
The new Ordinance includes measures designed to enhance corporate governance, ensure better regulation, facilitate business and modernize the law.
Mayer Brown JSM
The Foreign Account Tax Compliance Act (FATCA) is an invasive piece of US legislation. It is designed to identify tax avoidance being undertaken by US entities.
Oldham, Li & Nie
HMRC has long had a reputation as one of the strictest tax collectors globally, but until recently, non-domiciled non-resident persons were treated leniently.
Oldham, Li & Nie
Her Majesty's Revenue and Customs has long had a reputation as one of the strictest tax collectors globally...
The Income Tax Appellate Tribunal has recently held that a permanent establishment of a foreign company has to be treated as separate entity for the purpose of transfer pricing.
Nishith Desai Associates
Requirement under ITA to deduct tax appropriately before claiming expenditure should not result in a disallowance of the deductor's expenditure.