Bhavik Timbadia and Hussain Sunel of BMR & Associates LLP discuss the newly revised draft UN Practical Manual on Transfer Pricing for Developing Countries, focusing on the India chapter, which reveals Indian tax authorities' current transfer pricing positions, including some surprising views on low value adding intra-group services . . .
The US Treasury Department today updated its FATCA website, reporting that Bahrain and the US signed a Model 1 intergovernmental . . .
The governments of Japan and Latvia today signed a their first tax treaty, Japan's Ministry of Finance has announced. The agreement, signed in Tokyo, would exempt royalties . . .
Hong Kong’s Inland Revenue Department has announced that Hong Kong and Belarus signed a tax treaty on . . .
India's finance ministry on January 17 announced that it will suspend the operation of a circular issued last month concerning the taxation in India of indirect transfers of Indian assets through offshore . . .
Davide Anghileri of the University of Lausanne writes about key guidance released by the Australian taxation office January 16 setting out the ATO's approach to transfer pricing issues related to marketing, sales and distribution, and other hubs . . .
Sriram Govind of the Institute for Austrian and International Tax Law discusses reports that India will not renegotiate its tax treaty with the Netherlands, as it did with Mauritius, Cyprus, and Singapore, and addresses the impact of the countries' expected signing of the BEPS multilateral instrument . . .
Singapore’s Inland Revenue Authority (IRAS) on January 12 published the fourth edition of its e-Tax Guide on transfer pricing. The new guidance includes a discussion . . .
See: The Economic Times.
International tax specialist Ashish Goel analyzes the major changes made by a new protocol to the India and Singapore tax treaty, signed in late December . . .
The US Treasury today announced on its website a Model 1 FATCA intergovernmental agreement (IGA) signed the US-Cambodia entered into . . .
See: Times of India.
India and Kazakhstan have signed a protocol to amend their 1996 tax treaty, the Indian government announced today. The new protocol . . .
Bermuda, Kazakhstan, and Côte d’Ivoire have joined the "Inclusive Framework on BEPS," to combat multinational enterprise tax avoidance and to better resolve cross-border tax disputes. By joining the framework, the countries have pledged . . .
Japan and Lithuania have agreed in principle to a tax treaty, Japan's Ministry of Finance . . .
See: Release. The protocol will be analyzed in detail in a future MNE Tax article.
Taiwan and the US signed a Model 2 FATCA intergovernmental agreement (IGA), according to an update on the US Treasury . . .
Hong Kong's Inland Revenue Department on December 22 issued more guidance on country-by-country reporting for large multinationals, including . . .
The Australian Taxation Office, on December 22, published a draft goods and services ruling (GSTR 2016/D1) discussing the meaning of "Australian Consumer" for purposes of rules that . . .
India on December 21 set out a series of questions and answers clarifying the taxation . . .
The US Treasury Department has updated its FATCA website, reporting that Macao and the US have signed a Model 2 intergovernmental . . .
Taiwan’s Ministry of Finance (MOF) has announced that on December 9 the Legislative Yuan passed a law imposing VAT on supplies of cross-border electronic services made to . . .