Amendments OECD Update A global deal to ensure big companies pay a minimum tax rate of 15% and make it harder for them to avoid taxation has been agreed by 136 countries,… December 10, 2021 By admin 0
Amendments SEP threshold defined SEP was introduced in the Income-Tax Act, 1961 (‘ITA’) from April 1, 2018 It expands the scope of income of a non-resident which accrues or arises in India that… May 7, 2021 By admin 0
Amendments Update On Taxation Of Digital Economy The pillar one and pillar two blueprints propose significant modifications to the international tax system, granting greater taxing rights to countries where the customers of a multinational group reside… October 5, 2020 By admin 0
Amendments India widens Equalisation Levy base Effective 1st April 2020 India Widens its base of Equalisation Levy (2% on e commerce supply) In 2016, India had first introduced an equalisation levy on payments received by non-residents (subject to certain… April 24, 2020 By admin 1
Amendments OECD Guidelines on C By C reporting The OECD on December 23 released additional interpretative guidance on country-by-country reporting. The guidance was approved by a coalition of 130+ countries known as the “Inclusive Framework on BEPS.”… January 24, 2020 By admin 1
Amendments Turkey Comes up with 7.5% Digital Service Tax With every country’s tax authorities trying to catch up with modern ways of doing business, the latest is Turkey government who is going to enact 7.5% service tax on… December 24, 2019 By admin 0
Amendments Australiareleases text of tax treaties with India reflecting MLI changes The Australian government on November 29 released the synthesized texts of Australia’s tax treaties with Ireland and India reflecting how those treaties were modified by the later ratification of… December 11, 2019 By admin 0
