International Taxation
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 TaxÂ
Deadline To File Tax Return and Settle Corporate Tax has been notified by the Federal Tax Authority (FTA) of the United Arab Emirates (UAE)...
No Gift Tax Applicable On Assets Distribution To Surviving Spouse Pursuant To Nonjudicial Agreement: US Tax Court
The US Tax Court has held that gift tax is not applicable on assets distribution to surviving spouse pursuant to non-judicial agreement.
The bench...
US Tax Court Remands Back Collection Case To Consider Ability To Pay
The US Tax Court remanded the case for Appeals to reconsider petitioners’ ability to pay, and to afford petitioners a final opportunity to submit...
Assessee Not Liable To Be Taxed On Cancellation Of Indebtedness Income: US Tax Court
The US Tax Court held that the assessee is not liable for tax on cancellation of indebtedness income but is liable for tax rental...
Settlement Officer Didn’t Abuse Discretion In Rejecting Offer-In-Compromise-Effective Tax Administration Based On Economic Hardship: US Tax Court
The United States Tax Court has held that the settlement officer (SO) did not abuse discretion in rejecting offer-in-compromise-effective tax administration based on economic...