ITR Search | International Tax Review

New Japan-Australia tax treaty is agreed

Akio Takisaki The governments of Japan and Australia confirmed that they had reached a basic agreement on a new tax treaty between Japan and Australia on August 3 2007. The details have not yet been announced. The new treaty will come into effect after its finalisation by the two governments and its approval by their respective parliaments, which is assumed to take some time.

September 30 2007

Tax audits turn nasty

Tax audits can be daunting and scary. When a company is facing that process in a new country for the first time, it can also be confusing. Catherine Snowdon learns about the investigations carried out in various countries and hears how best to deal with the tax authorities.

September 30 2007

India: Business restructuring and its transfer pricing implications

Although tax is no longer necessarily the primary driver for restructuring, companies can nevertheless optimise taxes by planning the restructuring appropriately, reveal Indraneel Roy Choudhury and Rakesh Mishra of PricewaterhouseCoopers

September 30 2007

Editorial

Transfer pricing in Asia has grown in importance for taxpayers and tax authorities. As officials adopt a get-tough approach to enforcement, taxpayers are being forced to work harder to ensure their related-party transactions cannot be challenged. Court cases during the year in jurisdictions, such as India, have revealed official attitudes to transfer pricing and what taxpayers can do to be on the right side of administrators.

September 30 2007

China: The future of transfer pricing in the world's most dynamic economy

After almost 20 years, China has finally passed a new income tax law. Glenn DeSouza of Baker & McKenzie describes how to deal efficiently and intelligently with the compliance burden it presents

September 30 2007

Poland: The many heads of input VAT recovery

Piotr Litwin, a manager at Accreo Taxand, outlines the varied VAT challenges for a company conducting activities in Poland for the first time

September 30 2007

Germany: Intra-community supplies in the EU

By Harvey Mayne of PricewaterhouseCoopers

September 30 2007

India: Relying on indirect taxes

S Madhavan, of PricewaterhouseCoopers, India, examines the complexity of indirect taxes in India

September 30 2007

Amendments on the stamp duty levied on contracts

Sophie Stylianou Until recently, it was obligatory that contracts with a consideration of up to CYP 100,000 ($237,473) were subject to a stamp duty of 0.15%, while any amount in excess of CYP 100,000 was subject to a stamp duty of 0.2%.

September 30 2007

FIN 48 and tax audits

Neil Wilson The US Financial Accounting Standards Board (FASB) interpretation no. 48, Accounting for Uncertainty in Income Taxes, and Interpretation of FASB Statement No. 109 (FIN 48) has been a hot topic of discussion lately. In essence, FIN 48 directs US reporting companies as to how under the Generally Accepted Accounting Principles (GAAP) they should account for uncertain tax positions in their corporate financial accounts.

September 30 2007

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