Topic: International taxation
Govt scraps Import Duty on open cell LED TV panel
The Ministry of Finance has withdrawn the import duties on open cell LED panels used in the production of television sets. This is expected to lower the input...
Steel Import Monitoring System Launched
The Ministry of Commerce and Industries has launched a steel import monitoring system (SIMS) to provide advance information about steel imports. Steel Import Monitoring System The system has been developed...India notifies a tax data pact with Marshall Islands
India has notified a Tax Information Exchange Agreement (TIEA) with the Marshall Islands, which enables a bilateral sharing of banking & ownership information and allows officials of one...
Income Tax department alters method to tax MNCs and Digital Firms in India
The income tax department has changed the method to tax multinational companies and digital firms with permanent establishment in India by taking into account various factors like domestic...
China: Trade talk with US improving
China and US have been on trade are for the last one year. This affected many countries globally especially in Asia. The conditions are now improving. The Chinese...Usha Thorat head of RBI task force on offshore rupee markets
The Reserve Bank of India (RBI) has recently constituted an 8-member task force headed by its former deputy governor Usha Thorat to examine issues related to offshore rupee...France introduces GAFA Tax on Global Internet, Technology Firm
France has recently introduced a new “GAFA tax” – named after the large internet and technology companies viz. Google, Apple, Facebook and Amazon – to ensure the global...
