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The Australian Petroleum Production & Exploration Association has said it does not believe there is a case for reforming the Petroleum Rent Resource Tax. Read Full Story
Australia's Financial Services Council has called for a simple, flat rate of withholding tax to be made available for Australian funds entering the Asia Region Funds Passport. Read Full Story
India has entered into new bilateral advance pricing agreements with the United Kingdom and Japan, India's Central Board of Direct Taxes announced on February 28. Read Full Story
In its submission to the Petroleum Resource Rent Tax review, the Business Council of Australia has said that the Government should not pursue changes to the regime unless there are clear benefits from doing so. Read Full Story
On February 17, Hong Kong and Pakistan signed a comprehensive double taxation agreement, which sets out the allocation of taxing rights between the two jurisdictions and will aid the assessment of tax liabilities arising out of cross-border economic activities. Read Full Story
While most of the political parties expected to form the next governing coalition in the Netherlands have pledged to reduce the overall tax burden by 2021, the tax burden on companies will rise under most parties' plans, according to the Netherlands Bureau for Policy Analysis. Read Full Story
The South African Revenue Service has issued a revised binding general ruling that identifies the taxes administered by the agency that constitute taxes on income for the purposes of South Africa's double taxation agreements. Read Full Story
Hong Kong and Belarus have agreed to lower withholding tax rates on cross-border income under a new comprehensive double tax agreement. Read Full Story
Zimbabwe's recent Budget included tax relief measures and initiatives to tackle low compliance rates. Read Full Story
The revised double tax avoidance agreement between India and Cyprus will take effect from April 1, 2017, India's Central Board of Direct Taxes has announced. Read Full Story
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