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  • Finance ministry broadens tax incentives
    During the second week of February, the Ministry of Finance issued new miscellaneous regulations that both clarify and broaden tax incentives that had previously been decreed.
    March 01 2004
  • Ship hire charges payable to foreign ship owners not taxable
    AMumbai tribunal has held in DCIT v. Reliance Industries Limited (81 TTJ 787) that the charges paid to a foreign company outside India for the hire of ships are not taxable in India.
    March 01 2004
  • New year reforms bring investment incentives
    The tax reform plan for 2004 emphasizes on taxation for individuals as follows.
    March 01 2004
  • Freedom of establishment trumps thin-capitalization rules
    On December 30 2003, the French Administrative Supreme Court rendered two important decisions with respect to French thin-capitalization rules.
    March 01 2004
  • Taxes on imported goods and services to rise
    Brazilian authorities have released new legislation that significantly increases the overall tax burden on import transactions in Brazil.
    March 01 2004
  • Tax consolidation: lost in transactions
    The new tax consolidation regime was to deliver simplicity and flexibility for business but a survey by PricewaterhouseCoopers Australia last year found that the environment for corporate transactions has become more, rather than less, complex.
    March 01 2004
  • Next budget includes international tax proposals
    The Bush Administration unveiled its 2005 budget proposal in February. It comes up with suggestions, but no solutions, for international tax issues, explain Margie Rollinson, David Benson and Michael Mundaca of Ernst & Young
    March 01 2004
  • First impressions of tax in Asia
    Bill Ramirez, director of PMI Asia/Pacific taxes, points out some differences between tax practice in Europe and Asia
    March 01 2004
  • Lithuania prepares VAT scheme for EU accession
    The government of Lithuania has amended the country's value-added tax (VAT) law to harmonize it with EU legislation. The law provides an expanded list of services for which a VAT service provider must calculate VAT. The new law will be effective from May 1 2004, the date that Lithuania joins the EU with nine other countries.
    March 01 2004
  • KPMG boosts London international tax practice
    Peter Rowe joined KPMG's international tax and finance group in London on February 9 2004. Rowe brings experience in structured finance and international tax from positions at Citigroup and UBS.
    March 01 2004
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