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Vietnam - Tax Administration - VAT - PIT - Taxscan

Vietnam issues Draft Pronouncement on Tax Administration, Transfer Pricing, Minimum Basic Wage and Personal Income Tax

The Vietnam Ministry of Finance has issued the draft pronouncement amending certain tax rulings. Some of the main aspects of the draft include: ...

IBBI amends Voluntary Liquidation Process Regulations, 2017 [Read Notification]

Dr. Michael Debabrata Patra appointed as RBI Deputy Governor

NAA finds Builder Sarvpriya Securities Guilty of Profiteering [Read Order]

CCI directs Anti-Trust Probe against Amazon, Flipkart [Read Order]

Zambia introduces Significant changes in VAT Legislation

The Zambia Ministry of Finance brought changes to the Value-Added Tax (VAT) Act aiming at increased tax revenue as part of new tax reforms. The VAT Order 2019 sets out changes for zero rate VAT...

Clearances to SEZ Developers is Export: CESTAT [Read Order]

The Customs Excise & Service Tax Appellate Tribunal (CESTAT), Mumbai, ruled that clearances made by the appellant without payment of duty, to SEZ Developers are considered as export, hence not...

Saudi Introduces “Self-Correction” System for Customs Data

On 1 January 2020, Saudi customs launched an auto-correction program for customs data. It is expected to aid importers in the voluntary correction of their custom data thereby attaining stability and...

Japan’s Ruling Bloc Releases 2020 Tax Reform Proposals Outline

Japan’s ruling coalition published the 2020 tax reform proposal outline on 12 December 2019. It is expected to be implemented by March 2020. This report compiles and summarizes the key provisions...

UAE receives Over 3.2m VAT Refund Claims from Tourists

As per Federal Tax Authority (FTA), a total of 3.2m applications for VAT refunds were received by the end of 2019, marking an increase of 1.68m applications from mid-2019. On average, the refund...

ICSI submits representation on Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2020 [Read Representation]

The Institute of Companies Secretaries of India ( ICSI ) has submitted a representation on Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2020 before the Ministry of...

Builders Should Pass the Benefit of ITC to the Buyers: NAA [Read Order]

The National Anti- Profiteering Authority ( NAA ) held that if the builders have denied the benefit of ITC to the buyers, then liable to be punished for profiteering in contravention of provisions of...

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