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2010, Sep 09

tax

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Tax

India's Tax on Perks Likely to be Retroactive
22-Dec-09
The Indian government is all set to impose tax on all perks paid for by the company, under a new law that replaces the already abolished Fringe Benefit Tax.
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HK's Tax Agency Issues Transfer Pricing Guidelines
14-Dec-09
The Hong Kong Inland Revenue Department has issued the Departmental Interpretation and Practice Note No. 46 (DIPN 46) "Transfer Pricing Guidelines - Methodologies and Related Issues", which provides clarification for taxpayers with operations in Hong Kong with respect to their transfer pricing.
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Shipping Companies Worry About Proposed Environmental Tax
11-Dec-09
Crippled already by the financial crunch, shipping companies are worried that the climate summit in Copenhagen will deliver another blow: a tax on the sulfuric low-grade oil that powers their ships.
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China Slaps Duties on Imports of U.S., Russian Steel
11-Dec-09
China's commerce ministry announces it will impose provisional duties on some U.S. and Russian imports following anti-dumping and subsidy investigations.
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India to Closely Monitor Corporate Advance Tax Payments
08-Dec-09
India's Central Board of Direct Taxes is keeping a tab on advance tax payments by companies and has asked its officials to scrutinise the second quarter results of top 500 corporate taxpayers.
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Record-Low Interest Rates, Tax Cuts Boost India's Growth
30-Nov-09
Record-low interest rates and tax cuts in 2009 have resulted in India's economy growing at the fastest pace in a year.
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U.S. Cuts Chinese-Pipe Tariffs to 13.2%
25-Nov-09
The average duties on $2.7 billion of steel-pipe imports from China have been reduced from 21.3% to 13.2% by the U.S. Commerce Department, says Bloomberg.
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Six ASEAN Nations to Remove Tariffs
16-Nov-09
In a move toward trade liberalisation, six members of the Association of the Southeast Asian Nations (ASEAN) will remove tariffs for all merchandises moving across their borders on January 1, 2010.
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Singapore Signs 12th Tax Agreement Conforming to OECD Standard
16-Nov-09
Singapore has signed a protocol with France that brings the two countries’ bilateral tax treaty into line with the OECD standard on transparency and exchange of information for tax purposes.
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China, Europe Sign First Bilateral Advance Pricing Arrangement
13-Nov-09
The first China-Europe bilateral advance pricing arrangements (BAPA) were officially signed last month by the State Administration of Taxation (SAT) and the Danish Tax Authority (DTA) in Beijing and Tianjin.
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