The Japan-Switzerland Joint Declaration Automatic Exchange of Information, signed in January 2016 will enter into force on 1 January 2017, writes Davide Anghileri of the University of Lausanne . . .
Officials from China and the Macao Special Administrative Region signed a protocol to their tax arrangement following talks in Beijing. . .
A revised tax treaty between Singapore and France entered into force on June 1, the Inland Revenue Authority . . .
The Indian government on Monday released a high level report that appears to have influenced Finance Minister Arun Jaitley’s budget proposal for a 6 percent equalization levy on e-commerce . . .
India has signed seven more unilateral advance pricing agreements (APAs) with multinationals, India’s Central Board of Direct Taxes (CBDT) announced January 22. The . . .
Davide Anghileri of the University of Lausanne discusses the Swiss government’s progress advancing exchange of financial account information for tax purposes with Singapore, Hong Kong, and several countries, including Bahamas and Bahrain, that apply automatic exchange in a non-reciprocal manner . . .
David Dingfa Liu, a partner with FuJae Partners, Shanghai, discusses Circular 88, a tax incentive introduced by the Chinese government on December 21 that allows multinationals to defer withholding tax which would otherwise be imposed on dividends distributed to foreign investors when the dividends are reinvested in China. . . .
The Indian government today clarified that it will accept transfer pricing mutual agreement procedure (MAP) cases and bilateral advance pricing agreement applications in situations where the applicable tax treaty does not include a provision comparable to Article 9(2) of OECD Model Tax Commentary, providing for corresponding adjustments. A Central . . .
Joachim Saldanha and Ashish Sodhani of Nishith Desai Associates discuss a recent Indian High Court decision which concludes that gains arising from a Dutch company’s sale of shares of an Indian immovable property company to a Singapore company are not taxable in India under the India-Netherlands tax treaty . . .
The United Arab Emirates on April 21 signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, becoming the 109th jurisdiction to participate in the convention. The treaty, developed in 1988 by the OECD and the Council of Europe, would enable . . .
Davide Anghileri of the University of Lausanne provides an overview of the tax proposals of interest to multinationals in Singapore’s budget, presented to parliament on February 20, . . .
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 . . .
The Chinese government has announced that China and Romania have signed a tax treaty in an effort to promote investment between . . .
US Treasury has today announced on its website that a Model 2 FATCA intergovernmental agreement (IGA) signed by the US and Hong Kong entered . . .
KPMG India on June 6 announced the appointment of Rahul Mitra to head the firm’s transfer pricing practice. Mitra, a partner, will also continue to lead the firm’s efforts regarding . . .
Nishith Desai Associates attorneys, Meyyappan Nagappan and Anandapadmanabhan Unnikrishnan, discuss the Indian government July 13 request for public feedback to aid in the development of a “significant economic presence” test, which is a nexus rule designed to expand India’s taxation rights over business profits of both digital and non-digital multinational firms . . .
India’s tax authority has won a sweeping victory before India’s Authority for Advance Rulings, convincing the tribunal on 6 June that Mastercard’s activities in India created a permanent establishment in India under several different theories, write Nishith Desai Associates attorneys Shipra Padhi and Anandapadmanabhan Unnikrishnan . . . .
Jitendra Jain, Executive Director at PricewaterhouseCoopers, India, discusses India’s much-awaited rules on the implementation of the master file and country-by-country report, released yesterday, focusing on the differences between India’s master file requirement and the OECD’s prescribed format and recommending next-steps to comply with the requirements . . .
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