During its 35th meeting, India's GST Council approved changes to GST filing requirements and deadlines, and approved the introduction of an electronic invoicing system,
India's Central Board of Direct Taxes has launched a new consultation on proposals to amend Article 7 of India's double tax treaties on permanent establishment, and rule 10 in the Income Tax Rules, 1962, to establish a formula to bring within the charge to Indian tax a proportion of profits of a multinational deemed to have a significant digital presence in India. The country is considering using a formulary apportionment approach, akin to that proposed under the EU's Common Corporate Tax Base initiative.
A number of goods and services tax regime amendments, intended to simplify compliance for traders, became effective in India from April 1, 2019.
India's GST Council has put flesh on the bones of its plans to introduce a new goods and services tax regime for real-estate transactions.
A number of goods and services tax regime amendments, intended to simplify compliance for traders, will become effective in India from April 1, 2019.
India's GST Council has decided on a number of goods and services tax regime amendments to boost the availability of affordable housing in the country.
Officials from Switzerland and India have discussed the automatic exchange of tax information and free trade.
India is to receive bank account information from HSBC, after Switzerland's highest court ruled that the bank is obligated to provide data requested where the leaked data has not been purchased.
India's Central Board of Direct Taxation announced on June 7, 2018, that during the first two months of June tax officials have been tasked with resolving disputes with taxpayers.
Meeting on May 4, 2018, India's GST Council approved plans to simplify GST filing obligations.
India's Central Board of Direct Taxes has launched a consultation on changes to the country's tax ruling process and forms to enable the country to exchange information on tax rulings with other countries' tax authorities, as proposed by the OECD in its base erosion and profit shifting (BEPS) project.
The Indian Government has provided an update on the roll-out of the e-Way Bill system, which was introduced on April 1, 2018, confirming it will be extended to another five states from April 15, 2018.
India has approved amendments to its double tax agreement with Qatar.
The Indian Central Board of Direct Taxes has issued a statement to defer the filing obligation on surrogate parent entities with regards to country-by-country reporting.
India has launched a consultation on efforts to reform the country's 1961 income tax law, to be led by a newly constituted task force.
PwC India has called for simplification of India's goods and services tax regime, in a report to mark 200 days since the regime entered into force.
Hong Kong and India on March 19 signed an agreement to avoid double taxation and limit withholding tax rates on passive income at source.
In a letter dated August 8, 2019, the Russian Federal Tax Service amended the rules for non-resident holding companies to be considered as the beneficial owner of Russia-sourced income.
The Russian Government is reportedly considering the introduction of a number of new taxes, including a tax on hotel stays.
The Swiss Federal Tax Administration has confirmed that it has transmitted its first spontaneous information reports on advance tax rulings to exchange of information partner states.
The OECD has published new transfer pricing country profiles for Australia, China, Estonia, France, Georgia, Hungary, India, Israel, Liechtenstein, Norway, Poland, Portugal, Sweden, and Uruguay, bringing the number of such overviews published by the OECD to 44.
Denmark was found to have the heaviest burden of taxation as a percentage of the economy in a new study by accountancy firm UHY.
Legislation has been tabled in Russia's lower house of parliament, the Duma, to introduce a two-rate personal income tax regime, in place of the current flat tax regime.
BDO, the accountancy and business advisory firm, has released a report into the rapidly growing issue businesses and governments face with fraud, including tax fraud.
New EU trade defence legislation entered into force on December 20, changing the way the EU deals with dumped and subsidized imports.
Russia's Energy Ministry has announced that changes to the tax treatment of the oil industry will take place, but potentially not until 2019.
The use of technology by business and government in tax compliance is driving continued simplification and reduction in the burden of tax compliance on businesses, says Paying Taxes 2018, a report by The World Bank Group and PwC.
The European Commission has announced the imposition of new anti-dumping duties on imports of hot rolled flat steel products from four countries.
The US-based National Bureau of Economic Research has released a new report that looks at which countries' taxpayers have the most wealth stored in so-called "offshore tax havens."
The governments of Japan and Russia signed a new convention on the elimination of double taxation on September 7.
The BRICS countries – Brazil, China, Russia, India, and South Africa – closed out a recent summit with an agreement on supporting one another, and developing nations, with tackling tax evasion and plugging opportunities for tax avoidance.
Russia should hike value-added tax by four percent to 22 percent and lower social security contributions, the International Monetary Fund has proposed.
Swiss Federal Councillor Johann N Schneider-Ammann will this month travel to Russia, Indonesia, Saudi Arabia, and the US, with the aim of further developing Switzerland's bilateral trade relations with each country.
China has made a number of announcements on anti-dumping duty orders, including to launch an investigation into US, Korean, and Taiwanese exports of styrene, which is used to manufacture plastics and resins.
The EU has said that, as a result of dispute proceedings it launched in 2014, Russia has lowered tariffs on certain paper, refrigerators, and palm oil products.
Russia will sign the OECD's Multilateral Convention to implement tax treaty-related measures to prevent base erosion and profit shifting, the Government announced on May 20.
To fund future tax cuts for companies, the Russian Ministry of Finance has proposed hiking the headline value-added tax rate.
The governments of Japan and Russia on April 28 announced they have agreed the text of a new double tax agreement that would replace the 1986 pact between Japan and the former USSR.
The Department of Commerce has initiated a wide-ranging antidumping duty and countervailing duty investigation into imports of carbon and alloy steel wire rod from ten countries.
Over 100 foreign providers of electronically supplied goods and services to Russian consumers have registered to pay value-added tax on their supplies at 18 percent.
Russian and Japanese government representatives met in Tokyo on March 27 to begin negotiations on updating their double tax agreement.
The Minerals Council of Australia has published a report it says confirms that the country's high company tax rate is damaging mining firms' ability to compete internationally for capital investment.
Russia has requested World Trade Organisation dispute consultations with the EU in a case involving EU anti-dumping duties on certain steel products.
The European Commission has hailed victory in a World Trade Organisation case concerning Russian anti-dumping duties on certain light commercial vehicles from Germany and Italy.
The heads of tax authorities from the BRICS states met in Mumbai, India, on December 5-6, 2016, to discuss the implementation of the OECD's base erosion and profit shifting project.
The Philippines' House Committee On Ways and Means has approved a Bill that would overhaul the rates in place on financial services and passive income.
The Philippines' Bureau of Internal Revenue has launched a digital tax payments system.
The Filipino Government has said it is planning to launch its proposed estate tax amnesty next month.
The Philippines Government has said that it hopes to secure approval from Congress of the corporate income tax reform package within the next few months.
The Philippines has launched a tax amnesty for those with unsettled estate tax liabilities.