International Taxation
Child Tax Credit: All You Need To Know
The Child Tax Credit (CTC) is a tax benefit provided to families with dependent children to help reduce their tax liability. It’s intended to...
Input Tax Deduction Allowable On Destroyed Goods: Pakistan Supreme Court
The Pakistan Supreme Court has held that input tax adjustments are allowed even on destroyed goods.The bench of Justices Yahya Afridi, Syed Hasan Azhar...
US Tax Court Imposes Fraud Penalty For Tax Evasion On Unreported Income
The US Tax Court has imposed the fraud penalty for tax evasion on unreported income.The bench of Justice Goeke has observed that he fraudulently...
IT Software Rentals Constitute ‘Royalty’, Rules Pakistan Supreme Court
Unlike Indian scenarios and rulings on taxability of IT software rentals, the Supreme Court of Pakistan has held that the IT software rentals constitute...
Switzerland Suspends Unilateral Application Of MFN Clause With India under DTAA; Indian companies To Face Higher Tax
Switzerland has suspended the unilateral application of Most Favoured Nation (MFN) clause with India under Double Tax Avoidance Agreement (DTAA), consequently Indian companies in...
European Court of Justice: Taxpayer May Ask For Refund Of Excess VAT Within 12 Months From Ceasing Of Economic Activity
The European Court of Justice stated that taxpayer may ask for refund of excess VAT within 12 months from ceasing economic activity.The bench of...
West Indies Vs England : Tax Facts
West Indies Vs England : The comparison of 10 tax facts you are unaware:West Indies Vs England : Bahamas In West Indies As Tax-Free...
UAE FTA Notifies Postponement of Deadline To File Tax Return, Settle Corporate Tax
Deadline To File Tax Return and Settle Corporate Tax has been notified by the Federal Tax Authority (FTA) of the United Arab Emirates (UAE)...