Asia-Pacific

Japan, Denmark sign new tax treaty

The governments of Japan and Denmark on October 11 signed new tax treaty, Japan’s Ministry of Finance has announced. The new treaty, signed in Tokyo, would amend the countries’ 1968 tax treaty, revising the taxation . . .

Belarus

Belarus, UK sign tax treaty

Belarus and the UK signed a tax treaty on September 26. The signing ceremony took place at Belarus’s Ministry of Foreign Affairs. The new agreement is not yet in force, A 1985 tax treaty between the UK and the USSR . . .

Asia-Pacific

Google India’s payments to Google Ireland for AdWords program are royalties subject to withholding tax, court rules

An Indian appellate court has ruled that payments made by Google’s Indian subsidiary to Google’s Irish subsidiary to operate the Google AdWords program in India were royalties subject to withholding tax and not payments to obtain advertising space for resale, as Google has claimed. The court also mandated the use of the profit split method for some related-party transactions. . .

Asia-Pacific

Cyprus, Saudi Arabia sign tax treaty 

The governments of Cyprus and Saudi Arabia signed a tax treaty on January 3, Cyprus’s Ministry of Finance has reported. The new tax pact is based on the OECD Model Convention for the Avoidance of Double Taxation on Income and on . . .