Our collection of resources based on what we have learned on the ground
Resources
Q&A
What is permanent establishment (PE)?
- November 2013
- Free Access
The OECD Model Income Tax Treaty defines permanent establishment as a “fixed place of business through which the business of an enterprise is wholly or partly carried on.” Thus, acquisition of permanent establishment status defines the ta...
Q&A
How does permanent establishments (PE) in Asia interact with double tax agreemen...
- November 2013
- Free Access
If a resident of Country A operates business in Country B, between which there is a double tax agreement, the profit derived will not be subject to tax in Country B, unless the business is operated in Country B through a permanent establishment. If ...
Q&A
What are general anti-avoidance rules?
- November 2013
- Free Access
General Anti-Avoidance Rules have been a recent phenomenon, which has been passed into law by several countries in the wake of the increasing use of complex legal structures to avoid taxes in certain jurisdictions.
Q&A
What are the common ways to be tax efficient in Asia?
- November 2013
- Free Access
The common ways can include the following: Establishing a company or subsidiary in an offshore jurisdiction; Using “tax havens” Exploiting vague legal definitions; Using “tax shelters”.
Q&A
How do China?s general anti-avoidance rules work?
- November 2013
- Free Access
A general anti-avoidance rule (GAAR) was first introduced in China under the corporate income tax (CIT) Law which came into effect in 2008. The GAAR empowers Chinese tax authorities to make reasonable adjustments where an enterprise implements an arr...
Q&A
How does Indian general anti-avoidance rules work?
- November 2013
- Free Access
Indian General Anti-Avoidance Rules relies heavily on the “substance over form” principle. It addresses directly the issue of tax avoidance. Under this new regime, the regulating ambit of transfer pricing will be widened, which will inclu...
Q&A
How do general anti-avoidance rules work in Asia?
- November 2013
- Free Access
General Anti-Avoidance Rules function according to the “substance over form” principle. The rules give relevant tax authorities the right to withhold or to deny tax benefits that transactions might expect to enjoy, if it is clear that the...
Q&A
What are bilateral investment treaties (BITs)?
- November 2013
- Free Access
BITs function as the legal basis of which states can mutually agree upon to recognize the protocols and parameters of bilateral investments. They are particularly useful when it comes to dealing with lesser developed countries, because double tax agr...
Q&A
How is annual return filed under Singaporean law?
- November 2013
- Free Access
Singaporean companies must file an annual return with the Accounting and Corporate Regulatory Authority within 1 month of the holding of the company’s annual general meeting. Annual return can be filed by engaging the services of a professiona...
Q&A
What taxes, other than corporate income tax and capital gains tax, might a forei...
- November 2013
- Members Access
The chief tax concern other than those mentioned would be service tax, which is currently charging a rate at 10 percent, with three percent as education cess on the value of total tax. A dividends distribution tax is applicable on the distri...
Q&A
What is service tax under Indian law?
- November 2013
- Members Access
Service tax is applicable to taxable services, at a rate around 13 percent. However, a small service provider whose value of taxable services is less than 1,000,000Rs in the previous financial year will be exempted. Currently, the Central Board ...
Q&A
How are allowances taxed in India?
- November 2013
- Free Access
In Indian taxation law, allowances are generally not taxable, given that they match certain specification and do not exceed certain amount. They can be given for house rent, transport, medical care, meal coupons, leave-time travel and education.
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