India News

US Businesses Urge Against Starting A Digital Tax 'Trade War'
by Mike Godfrey, Tax-News.com, Washington
Friday, July 24, 2020
The United States Council for International Business has called on US authorities to focus its efforts on working with other countries to arrive at an international tax solution to the digitalized economy, rather than tackling countries' unilateral responses. Read Full Story

US Withdraws From International Digital Tax Talks
by Mike Godfrey, Tax-News.com Washington
Friday, July 3, 2020
US Trade Representative Robert Lighthizer told a congressional hearing on June 17, 2020, that the US Government has withdrawn from international negotiations on new global tax rules for digital companies at the OECD. Read Full Story

India Announces More COVID-19 Measures
by Mary Swire, Tax-News.com, Hong Kong
Thursday, May 28, 2020
On May 13, 2020, the Indian Government announced new tax relief measures and administrative concessions. Read Full Story

Netherlands Sets Out 2020 Tax Treaty Goals
by Ulrika Lomas, Tax-News.com, Brussels
Monday, January 27, 2020
On January 20, 2020, the Dutch Ministry of Finance announced the list of countries with which the Netherlands intends to negotiate new or amended double tax treaties in 2020. Read Full Story

Indian Authorities To Collaborate On Tackling GST Refund Fraud
by Mary Swire, Tax-News.com, Hong Kong
Monday, January 27, 2020
Local authorities in India have been instructed to draw up lists of taxpayers that have filed fraudulent or potentially fraudulent requests for input tax credits and where appropriate share this information with other state authorities. Read Full Story

Tax Experts Have Helped Developing Countries Net USD500m In Tax
by Ulrika Lomas, Tax-News.com, Brussels
Friday, September 27, 2019
The international community has made important progress in improving developing countries' ability to tax multinational enterprises and boost domestic revenue mobilization, says the annual report for the initiative Tax Inspectors Without Borders. Read Full Story

Indian GST Council Approves Changes To Filing Rules, Rates
by Mary Swire, Tax-News.com, Hong Kong
Friday, September 27, 2019
India's GST Council agreed a number of changes to the country's goods and services tax regime, at its meeting on September 20, 2019. Read Full Story

India Announces 22pc Corporate Tax Rate
by Mary Swire, Tax-News.com, Hong Kong
Friday, September 27, 2019
The Indian Government on September 20, 2019, announced that it will reduce the rate of corporate tax to 22 percent, from 30 percent. New domestic manufacturing ventures will benefit from a 15 percent rate. Read Full Story

India Sets Arm's Length 'Tolerable Range' For 2019-20
by Mary Swire, Tax-News.com, Hong Kong
Friday, September 20, 2019
India's Ministry of Finance has released a new Notification that sets the "tolerable range" for arm's length dealings. Read Full Story

Indian Banks To Begin Withholding Tax On Large Cash Withdrawals
by Mary Swire, Tax-News.com, Hong Kong
Thursday, September 5, 2019
As of September 1, 2019, India introduced an obligation for tax to be deducted at source at a two percent rate if a taxpayer's cash withdrawals totaled INR10m (USD138,350) or more in the previous year. Read Full Story
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