The goods and services tax (GST) Bill has been passed by the President of India, Shri Pranab Mukherjee and is now a law.
The Constitution (122nd Amendment) Bill, 2014 popularly known as the (GST) Bill has been passed by the Rajya Sabha on August 03, 2016.
The Swiss Federal Parliament passed its final vote concerning Corporate Tax Reform III (CTR III) on June 2016 which significantly impacts not only international groups but also Swiss companies. The proposed measures will strengthen Switzerland’s position as a tax and business location.
The Finance Bill, 2016 (‘the Bill’) has been enacted into the Finance Act, 2016 after receiving the Presidential assent on May 14, 2016 (‘the date of enactment’). Consequent to this, the key direct and indirect tax provisions which shall become operational have been outlined along with any changes that are made in the proposals made in the Finance Bill at the time of presentation of Union Budget.
India and Mauritius sign protocol to amend DTAA; includes source-based taxation of Capital Gains and Interest
India and Mauritius has agreed to amend the three decade old treaty that will enable India to tax Mauritius investments for first time since 1983, India will start imposing capital gains tax on investments coming from Mauritius starting next year.