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  • To continue the liberalization of the restrictions on current account transactions, the Reserve Bank of India (Current Account Transactions - Liberalisation, A.P. (DIR Series), Circular 3 (July 17 2003)) has increased the limits for remittance of foreign exchange under the automatic approval route.
  • The Spanish parliament is currently debating a new law on undertaking for collective investment in transferable securities (UCITS), which contains the following tax measures.
  • The past year has shown a steady rise in policing activities by the Australian Taxation Office (ATO), both with general corporate tax compliance, and in specific areas such as review of goods and services tax (GST) documentation, systems and processes, business activity statements (BAS) and transfer pricing documentation reviews.
  • Marc Quaghebeur of DLA Caestecker explains how to get the most out of the new investment vehicle