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Corporate Tax

05 July 2019
Pranay Bhatia Does Section 195 of Income Tax Act apply to salaries of employees seconded by foreign entities?

India - BDO LLP

The Bombay High Court recently considered whether a taxpayer, which was resident in India and the sole owner of a business that provided personnel on an as-needed basis to foreign companies, had been required to deduct tax under Section 195 of the Income Tax Act when paying an employee who it had loaned to a Kuwait-based company. Section 195 of the act requires taxpayers to deduct tax on any payment (other than salary payments) made to non-residents.

Author: Pranay Bhatia
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Simona Zangrandi Growth Decree – an overview

Italy - Studio Legale Tributario Biscozzi Nobili

The recently passed Growth Decree has introduced a number of tax provisions which apply to various sectors. In particular, the decree-law has extended the super depreciation regime to investments in new tangible assets in certain circumstances, introduced a corporate income tax reduction on reinvested earnings and restored tax incentives for business combinations, allowing companies involved in mergers, demergers or business combinations to get a free tax step-up in the book value of relevant assets up to €5 million.

Authors: Simona Zangrandi, Franco Pozzi
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Laura L Gavioli PC Is an increase in LB&I assertion of penalties on the horizon?

USA - McDermott Will & Emery

The Treasury Inspector General for Tax Administration recently released a report indicating that changes may be in the works regarding the assertion of accuracy-related penalties in examinations handled by the Internal Revenue Service's large business and international division. The report strongly indicates that large business and international examiners and their supervisors will increase their scrutiny of accuracy-related penalty criteria in examinations.

Authors: Laura L Gavioli PC, Andrew Roberson, Kevin Spencer
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Recent updates

Pranay Bhatia Budget 2019: a box of possibilities

India - BDO LLP

Author: Pranay Bhatia
Natasa Polyviou Response to EU Anti-tax Avoidance Directive

Cyprus - Elias Neocleous & Co LLC

Authors: Natasa Polyviou, Elena Christodoulou
Varusha Moodaley Further amendments to VAT e-services regulations enter into force

South Africa - Cliffe Dekker Hofmeyr

Authors: Varusha Moodaley, Gerhard Badenhorst