India
Mon, 21 Mar 2022 00:00:00 GMTTax-News.com: OECD Releases E-Commerce VAT Toolkit For Asia-Pac States
On March 10, the OECD released a new VAT Digital Toolkit for Asia-Pacific (APAC) nations. The toolkit is intended to support local tax authorities to better collect value-added tax on e-commerce activities.
Mon, 18 Oct 2021 00:00:00 GMTTax-News.com: Indonesian Lawmakers Approve Tax Reform Plans
Indonesia's lower house of parliament has signed off on a bill that provides for a two-stage hike to the headline value-added tax rate, the cancellation of a planned corporate tax cut, and the introduction of a new top rate of personal income tax.
Thu, 15 Apr 2021 00:00:00 GMTTax-News.com: India Hikes Threshold For Country-by-Country Reporting
India has enacted legislation to hike the turnover threshold for filing a country-by-country report.
Fri, 24 Jul 2020 00:00:00 GMTTax-News.com: US Businesses Urge Against Starting A Digital Tax 'Trade War'
The United States Council for International Business has called on US authorities to focus its efforts on working with other countries to arrive at an international tax solution to the digitalized economy, rather than tackling countries' unilateral r...
Fri, 3 Jul 2020 00:00:00 GMTTax-News.com: US Withdraws From International Digital Tax Talks
US Trade Representative Robert Lighthizer told a congressional hearing on June 17, 2020, that the US Government has withdrawn from international negotiations on new global tax rules for digital companies at the OECD.
Thu, 28 May 2020 00:00:00 GMTTax-News.com: India Announces More COVID-19 Measures
On May 13, 2020, the Indian Government announced new tax relief measures and administrative concessions.
Mon, 27 Jan 2020 00:00:00 GMTTax-News.com: Netherlands Sets Out 2020 Tax Treaty Goals
On January 20, 2020, the Dutch Ministry of Finance announced the list of countries with which the Netherlands intends to negotiate new or amended double tax treaties in 2020.
Mon, 27 Jan 2020 00:00:00 GMTTax-News.com: Indian Authorities To Collaborate On Tackling GST Refund Fraud
Local authorities in India have been instructed to draw up lists of taxpayers that have filed fraudulent or potentially fraudulent requests for input tax credits and where appropriate share this information with other state authorities.
Fri, 27 Sep 2019 00:00:00 GMTTax-News.com: Tax Experts Have Helped Developing Countries Net USD500m In Tax
The international community has made important progress in improving developing countries' ability to tax multinational enterprises and boost domestic revenue mobilization, says the annual report for the initiative Tax Inspectors Without Borders.
Fri, 27 Sep 2019 00:00:00 GMTTax-News.com: Indian GST Council Approves Changes To Filing Rules, Rates
India's GST Council agreed a number of changes to the country's goods and services tax regime, at its meeting on September 20, 2019.
Fri, 27 Sep 2019 00:00:00 GMTTax-News.com: India Announces 22pc Corporate Tax Rate
The Indian Government on September 20, 2019, announced that it will reduce the rate of corporate tax to 22 percent, from 30 percent. New domestic manufacturing ventures will benefit from a 15 percent rate.
Fri, 20 Sep 2019 00:00:00 GMTTax-News.com: India Sets Arm's Length 'Tolerable Range' For 2019-20
India's Ministry of Finance has released a new Notification that sets the "tolerable range" for arm's length dealings.
Thu, 5 Sep 2019 00:00:00 GMTTax-News.com: Indian Banks To Begin Withholding Tax On Large Cash Withdrawals
As of September 1, 2019, India introduced an obligation for tax to be deducted at source at a two percent rate if a taxpayer's cash withdrawals totaled INR10m (USD138,350) or more in the previous year.
Fri, 30 Aug 2019 00:00:00 GMTTax-News.com: India Again Extends Deadline For 2017-18 Annual GST Return
India has again extended the due date for furnishing the annual GST return and reconciliation statement for the 2017-18 fiscal year.
Fri, 30 Aug 2019 00:00:00 GMTTax-News.com: India Seeking To Bury Legacy Indirect Tax Disputes This Year
India will launch its legacy dispute scheme starting September 1, 2019.
Thu, 8 Aug 2019 00:00:00 GMTTax-News.com: India Gazettes Law For Budget Tax Changes
India has published in its Official Gazette legislation to give effect to tax announcements in the 2019-20 Budget.
Fri, 5 Jul 2019 00:00:00 GMTTax-News.com: India's GST Council Agrees Overhaul Of GST Returns
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,
Mon, 29 Apr 2019 00:00:00 GMTTax-News.com: India Consults On Unitary Taxation Proposals
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 cha...
Fri, 5 Apr 2019 00:00:00 GMTTax-News.com: India Introduced GST Changes On April 1
A number of goods and services tax regime amendments, intended to simplify compliance for traders, became effective in India from April 1, 2019.
Tue, 26 Mar 2019 00:00:00 GMTTax-News.com: India Finalizes Details Of New Real Estate GST Regime
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.