Tax & Regulatory Newsletter – December, 2018- February , 2019 Edition
We are pleased to attach herewith the Tax & Regulatory Newsletter – December, 2018 – February , 2019 Edition highlighting major recent tax and regulatory developments.
Inside this issue…
- Mumbai ITAT held that Service-tax / R&D cess borne by Indian service recipient are not taxable as Royalty
- Ahmedabad ITAT held that payment for testing services not chargeable to tax as FTS
- Delhi ITAT allowed the tax sparing credit in respect of dividend income received by the assessee from its Thailand subsidiary
- Addressing the Tax Challenges of the Digitalisation of the Economy – OECD Policy Note
- US Treasury Leadership Gives Direction to the OECD Digital Tax Project in January 29 Note
- S.Korea’s tax agency to intensify probe into companies’ tax evasion
- Irish corporation tax faces new squeeze as OECD kicks off digital reform probe
- Investors Facing Tax They May Not Owe Must Move Fast With IRS In (1)
- Romania Imposes 10% Tax on Cryptocurrency Earnings
- Money routed through AE for advance payment to third party is not a case of capital financing and accordingly outside ambit of ‘international transaction’
- ITAT characterize Microsoft India as Contract R&D service provider instead of routine software developer by placing reliance on detailed functional and risk analysis
- ITAT deletes addition on AMP expenditure in absence of any agreement or arrangement with AE
- ITAT held that Hedging-loss on derivative contract entered with third parties to cover forex fluctuation for the purpose of loan advanced to its AE is not an international transaction
- ‘Advance ruling- No IGST on the warehoused goods supplied to Domestic Tariff Area from Free Trade Warehousing Zone’
We trust that you will find it interesting and informative.
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