News

The Inflation Reduction Act introduces, among a wide array of other tax measures, a 15% corporate minimum tax for big US corporations, effective for taxable years beginning after 31 December 2022.

We are pleased to inform you that the research grant established by the joint funding initiative of EATLP, IBFD and IFA for Ukraine has been awarded to Mr. Pavlo Selezen from Kyiv, currently tax practitioner and part-time researcher at the State Tax University in Irpin.

The Indian Income Tax Appellate Tribunal (ITAT) holds that no income could be attributed to the alleged dependent agent PE (DAPE) of Adobe-Ireland in India, when the transaction between the Indian AE and foreign party was found to be at arm’s length price.

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Insight from our Asia-Pacific team

Taxes are about to get a lot more expensive for British oil and gas producers. On 11 July 2022, the House of Commons voted to impose a 25% additional levy on their profits when it enacted the Energy (Oil and Gas) Profits Levy Bill [Bill 135 of 2022-23], under the fast-track procedure.