India and US tax officials have resolved 108 mutual agreement procedure (MAP) tax disputes and have reached agreement on the their first bilateral advance pricing agreement (APA), India’s Central Board of Direct . . .
Shri Sushil Chandra on November 1 took over the role of chair of India’s Central Board of Direct Taxes (CBDT), the Indian government has announced. He replaces former. . .
The US Treasury Department has updated its FATCA website, reporting that a Model 1 intergovernmental agreement (IGA) signed by the US and South Korea . . .
India’s Central Board of Direct taxes today released a notice announcing details of a new 6 percent tax that will be imposed on payments made to nonresidents for online advertising beginningr . . .
Lebanon and Kuwait have signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, bringing total signatories to the agreement. . .
Singapore has signed agreements with Belgium and Luxembourg for the automatic exchange of financial account information, the Inland Revenue Authority of Singapore (IRAS) announced . . .
In an effort to provide their tax administrations with tools to combat corporate tax avoidance through transfer pricing, officials from 7 more countries have signed an agreement setting out the parameters for automatic exchange of country-by-country reports on large . . .
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 . . .
A new Singapore-South Africa tax treaty entered into force on December 16, Singapore’s Ministry of Finance . . .
The UN Committee of Experts on International Cooperation in Tax Matters (Committee) has released several reports in advance of its annual meeting, slated for October 11–14 in New York, revealing that significant changes to the UN transfer pricing manual and model tax convention are . . .
Singapore and Ethiopia signed a tax treaty on August 24, Singapore’s Inland . . .
A tax treaty signed by Hong Kong and Russia entered into force on July 29, Hong Kong’s Inland Revenue department has announced. The agreement will be in effect in Hong Kong for any tax year . . .
The Australian Treasury on February 11 opened a consultation on whether Australia should adopt into law final OECD/G20 base erosion profit shifting (BEPS) transfer pricing . . .
Copyright © 2021. DISCLAIMER: The information provided herein is general and may not be applicable in all situations. It should not be acted upon without legal advice accounting for a particular situation.
