Under the prevailing tax regulations in China, the conditions for corporate restructuring reliefs are either over-stringent or highly ambiguous. The 12th Five Year Plan has brought hope that things might get better on this front because the plan encourages industrial consolidation to improve domestic enterprises’ global competitiveness. The Chinese tax authorities may therefore see the need to relax or clarify the rules, point out Grace Xie, Vincent Pang and Abe Zhao of KPMG
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While the manual should be consulted for any questions around MAPs, the OECD’s Sriram Govind also emphasised that the guidance is ‘not a political commitment’
The landmark Indian Supreme Court judgment redefines GAAR, JAAR and treaty safeguards, rejects protections for indirect transfers and tightens conditions for Mauritius‑based investors claiming DTAA relief
As tax teams face pressure from complex rules and manual processes, adopting clear ownership, clean data and adaptable technology is essential, writes Russell Gammon, chief innovation officer at Tax Systems
The deal establishes Ryan’s property tax presence in Scotland and expands its ability to serve clients with complex commercial property portfolios across the UK, the firm said