News

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.

The IBFD platform allows you to quickly and easily compare two documents with our side-by-side functionality.

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. 

India’s Department of Revenue – Central Board of Direct Taxes (CBDT) has issued Guidelines under section 194S i.e.

Insight from our Asia-Pacific team