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Australia
Cooper Grace Ward
In a recent case the FFC clarifies 2 of the 4 tests for when an individual is a tax resident of Australia.
China
Dezan Shira & Associates
The above measures are expected be implemented one after another soon.
Dezan Shira & Associates
China and Hong Kong have signed the Fifth Protocol to their longstanding double tax avoidance agreement (DTA).
Dezan Shira & Associates
Traditionally, a company must obtain VAT general taxpayer status in order to be able to issue special VAT invoices.
Hong Kong
Conyers
Private wealth generally falls into two categories.
India
Mayer Brown
In a bold move aimed at increasing foreign investment, India has announced the withdrawal of its dividend distribution tax
Trilegal
While the Finance Bill 2020 seeks to enhance effectiveness, transparency and accountability of tax administration, the proposals (barring a few) are largely tepid.
Kochhar & Co.
All the above entities (hereinafter referred to as ‘exempt entities') are by law required to obtain PAN and file their annual returns of income giving particulars of their accounts.
Kochhar & Co.
The scope of income of a person liable to tax in India depends upon his residential status in a particular financial year.
AMLEGALS
Whether Notification No.8/2017-Integrated Tax (Rate), dated 28.6.2017 and Entry 10 of the Notification No.10/2017-Integrated Tax (Rate), dated 28.6.2017 are ultra vires to the Integrated Goods and Services Tax Act, 2017 and unconstitutional?
SKP Business Consulting LLP
In a move to reduce the pending litigations, the Union Budget 2019 had proposed 'Sabka Vishwas'scheme under indirect taxes. The said scheme turned out to be a huge success
AMLEGALS
The Finance Minister Ms. Nirmala Sitharaman during her maiden budget, presented on 1st February, 2020, declared an amnesty scheme namely "Vivad Se Vishwas" – A Dispute Resolution Scheme 2020".
Vaish Associates Advocates
To decode the tax fine-print, a seminar on Union Budget, 2020 was organized by Vaish Associates Advocates in conjunction with Taxsutra on Tuesday, February 4, 2020 at Hotel ‘Le Meridien', New Delhi.
BDO India LLP
The Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 was brought in to reduce pending indirect tax litigation.
Economic Laws Practice
Rohit Jain, partner, Economic Laws Practice, shares his views with Economic Times, about the tax department looking to levy 18% GST on executive salaries.
Economic Laws Practice
Jignesh Ghelani (Partner), Sanchita Rungta (Senior Associate), and Rishi Raju (Associate), Economic Laws Practice, co-author an article in GSTsutra, highlighting the incongruities that create anomalies
Khaitan & Co
While presenting the Government's Budget for financial year 2020-21, Hon'ble Finance Minister of India (Hon'ble FM) in her budget speech had announced that government will come out with a tax dispute resolution scheme ...
SKP Business Consulting LLP
The Finance Minister in the Budget Speech emphasized reducing the tax burden in India and making India an attractive destination for foreign investments.
Khaitan & Co
Power to prohibit import and export of goods under Section 11 is proposed to be expanded to all goods, the uncontrolled import or export of which, can cause injury to the economy of India.
Khaitan & Co
The tax rates and income slabs under the Income-tax Act, 1961 (IT Act) remain the same, other than the following proposed changes.
SKP Business Consulting LLP
The Union Budget 2020 has been duly positioned as a game-changer for the country's economy. The finance ministry has a mammoth task of improving GDP, resurrecting the affected sectors, and reviving a debilitating economy overall.
Economic Laws Practice
The Hon'ble Finance Minister presented the Union Budget 2020 on February 1st. The attached booklet contains an analysis of key announcements which will have impact on businesses.
Economic Laws Practice
The Hon'ble Finance Minister presented the Union Budget 2020 on February 1st. The attached booklet contains an analysis of key announcements which will have impact on businesses.
Kochhar & Co.
Hon'ble Finance Minister, Government of India, while presenting the Union Budget 2020 today stated that her proposals are structured around the themes of ‘Aspirational India', ‘Economic Development', and a ‘Caring Society'.
Economic Laws Practice
While various industry sectors have come in the purview of anti-profiteering investigations, the real estate sector seems to be one of the most hard-hit sectors on this front.
DNV & Co
The Government has notified e-assessment (online assessment) scheme for conducting faceless scrutiny assessment of all the Income Tax returns.
Economic Laws Practice
The effect of GST implementation is being felt on several other laws including the Customs Act, 1962. This article highlights via illustrations the strong interplay between GST and Customs in relation to international trade transactions.
Economic Laws Practice
"The best things in life are free, but sooner or later the government will find a way to tax them". Industry is constantly on guard with regards to the government's evolving tax policies.
BDO India LLP
For some time now, India's economy has been facing challenges from various quarters.
Dezan Shira & Associates
Businesses in India must file their GST audit report for FY2017-18 by January 31, 2020.
AMLEGALS
The Petitioners were engaged in importing non-cooking coal from Indonesia, South Africa and U.S.A. and supplying the same to various domestic industries such as power, steel, etc.
Economic Laws Practice
Realtors told to reverse transition credit.
DNV & Co
The Income Tax Act vide Section 80JJAA under Chapter VI-A, has provided special deduction for employment of additional employees by assessee.
AZB & Partners
1.1 To what extent is domicile or habitual residence relevant in determining liability to taxation in your jurisdiction?
Amicus Legal
Taxation of marketing and promotional services continues to be a vexed issue under GST Regulations.
Amicus Legal
Taxation of marketing and promotional services continues to be a vexed issue under GST Regulations.
Amicus Legal
High Court of Madhya Pradesh in JagdishKanani vs. Commissioner, CGST & Central Excise held that the Commissioner has power to arrest if he has reason to believe that a person...
Economic Laws Practice
One of the fears that haunts business entities doing business in/with India is the rampant litigation and the amount of time taken for litigation to conclude.
SKP Business Consulting LLP
Since the launch of Tax Street in 2019, we have garnered an avid readership and industry appreciation for the insights shared by our specialists in Direct Tax, Indirect Tax, and Transfer Pricing.
Nangia & Co
Section 115BAA has been inserted to provide that lower tax rate of 22% (plus applicable surcharge and cess) shall be chargeable to domestic companies.
Nangia & Co
Kerala Flood Cess would be applicable from 1 August, 2019 onwards as per notification No. S.R.O. 436/2019 dated 29/06/2019 for a period of two years.
Nangia & Co
The GST Council in its 36th Council Meeting held on 27 July 2019 via video conferencing has made following recommendations:
Economic Laws Practice
This edition covers several topics including ‘ITC under GST' and the issues of adopting the HSN system under GST. Additionally, the newsletter provides key judicial pronouncements from various High Courts & AARs, ...
Nangia & Co
On 29 January 2013, a scheme for amalgamation of SPIL and taxpayer was approved by the High Court with effect from 1 April 2012.
Nangia & Co
Aggrieved by the same, both parties filed an appeal before the Income Tax Appellant Tribunal ("the ITAT"/ "the Tribunal").
Amicus Legal
It is not uncommon for corporates to relate Transfer Pricing as the ‘cost plus' question – how much margin is appropriate given the nature of transaction?
Nishith Desai Associates
Recently, in Acciona Wind Energy Private Limited v. DCIT (IT) Circle 1(1), the Delhi bench of the Income-tax Appellate Tribunal ("Tribunal") denied the benefit of the capital gains exemption...
Khaitan & Co
Consequently, the income-tax department preferred an appeal before the Tribunal.
Kazakhstan
GRATA International
New rules on issue and circulation of accompanying notes in respect of goods were published on 31 December 2019.
GRATA International
31 декабря 2019 года были опубликованы новые правила оформления сопроводительных накл&
Malaysia
SKRINE
The extension of the exemption under EO9/19 was announced at the Malaysian Budget 2020.
Vanuatu
Discus Holdings
Vanuatu offers the most affordable and the fastest citizenship by investment program in 2020 and attracts investors with its favourable taxation as well.
Worldwide
Withers LLP
India's 2020 Budget, which was announced on February 1, introduces various changes that will significantly impact high net-worth (HNW) families and international investors.
Mayer Brown
This edition of the Asia Tax Bulletin is filled with many tax developments, especially in the ASEAN countries and China.
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