07/12/2015
Under the agreement, banks, mutual funds, insurance, pension and stock-broking firms will report their American client details to the tax department for sharing with the USA, said a finance ministry official, who declined to be named.
07/10/2015
Armed with automatic information exchange pact with the US, government today asked persons holding undisclosed offshore assets to declare them before September 30 as it would be difficult to hide unaccounted assets in future.
07/10/2015
Some marketing hubs previously identified by the ATO include Singapore and Switzerland.
07/09/2015
Experts believe the bonds will attract investors though they expect the returns to be lower than what was offered in 2013-14
07/08/2015
The Australian Taxation Office has warned companies it will be focusing on money attributed to offshore marketing hubs and will use its stronger transfer pricing powers to go after them.
07/05/2015
The ATO is looking to catch more big-time tax cheats by hiring new specialist public servants, just months after paying more than 400 of them tens of millions of dollars to leave.
07/05/2015
Profit shifting is a perfectly legal way of moving the earnings of an MNC to a low-tax destination to avoid the clutches of a high-tax regime.
07/02/2015
Dues to be paid till December 31
06/29/2015
Protection from further scrutiny to be limited to foreign income disclosed during compliance window
06/29/2015
South Korea plans to offer up to 10 years of tax exemptions for overseas stock investment funds as part of measures to boost its capital outflow to tackle a record current account surplus,
06/29/2015
The government is to offer corporate tax discounts in a revised tax holiday regulation, aiming to attract more investors and boost economic growth.
06/29/2015
India and Thailand on Monday signed a number of important agreements, including the double taxation avoidance treaty
06/29/2015
India inked an agreement with Thailand for avoidance of double taxation and prevention of tax evasion.
06/25/2015
The ministry has gained more concessions from China this time around
06/24/2015
Indonesia hopes to bring billions of dollars in financial assets parked overseas back home - by pardoning past financial crimes.
06/23/2015
KPMG has named a firm-record 51 new partners for 2015 – with 37 per cent going to women.
06/23/2015
Negotiations on India-Mauritius DTAA are to happen on June 29. Vishnu Lutchmeenaraidoo, the Finance Minister of Mauritius said they will submit a new protocol for that, which will have issues related to capital gains with respect to DTAA.
06/21/2015
The financial rigours of Foreign Account Tax Compliance Act are looming on the horizon for US expats in the Philippines.
06/19/2015
This comes as the Narendra Modi government implements a tough regime to root out unaccounted wealth.
06/19/2015
This comes as the Narendra Modi government implements a tough regime to root out unaccounted wealth.