Overview UAE has an extensive network of taxation treaties which has grown over the years. In the UAE, there are no personal tax laws at the moment. Though, the recently implemented UAE Corporate Tax Law has significant impact on companies conducted business and commercial activities in the UAE. The domestic taxation system provides for measures … Read more
Interpretation of Tax Treaties MCQ International Taxation are covered in this Article. Interpretation of Tax Treaties MCQ Test contains 42 questions. Answers to MCQ on Interpretation of Tax Treaties are available after clicking on the answer. 1. Choose multilateral international agreement from the following :- a) Vienna Convention on law of treaties b) Double Taxation … Read more
Ecommerce Transactions MCQ International Taxation are covered in this Article. Ecommerce Transactions MCQ Test contains 61 questions. Answers to MCQ on Ecommerce Transactions International Taxation are available after clicking on the answer. 1. Which of the following could be potential issues in e-commerce transactions :- a) Determination of economic attachment of income / taxpayer b) … Read more
Anti Avoidance Measures in International Taxation MCQ are covered in this Article. Anti Avoidance Measures MCQ Test contains 87 questions. Answers to MCQ on Anti Avoidance Measures International Taxation are available after clicking on the answer. 1. “Tax avoidance” is :- a) An art of reducing or not paying any taxes by a person, without … Read more
Introduction of New Chapter of Equalization Levy Considering the potential of new digital economy, and the rapidly evolving nature of business operations, it is essential that countries take necessary steps to address the challenges which arise relating to taxation of digital transactions. In order to address these challenges, a new Chapter titled “Equalization Levy” was … Read more
Issues in E-commerce Transactions Determination of Economic Attachment Taxation rules are based on either place of attachment (in case of individuals) or economic attachment. In order to identify economic attachment , the location where the transaction has taken place should be clearly determined. In traditional commercial transaction, the place of the transaction could be easily … Read more
What is an E commerce Transaction? E-commerce transactions are transactions of buying or selling online, which are made through the use of computers / mobiles/ other telecommunications devices and equipments. It also involves conducting any transaction , which involves transfer of ownership or rights to use goods or services through a computer-mediated network Various authorities … Read more
Module 6 – Taxation of E-commerce Transactions, CA Final International Taxation Elective Paper 6C WHAT IS AN E-COMMERCE TRANSACTION ? E-commerce transactions are transactions of buying or selling online, which are made through the use of computers / mobiles/ other telecommunications devices and equipments.It also involves conducting any transaction , which involves transfer of ownership … Read more
Controlled Foreign Corporation (CFC), as the name suggests, is a foreign corporation, which is incorporated in a low tax jurisdiction and are controlled by a person (individual, company or together by both of them) who is a tax resident of a higher tax rate jurisdiction. CFC Regulations typically provides for taxation of certain income (generally … Read more
BEPS ACTION PLANS OECD BEPS Action Plan has sets forth 15 Action Plans, which are designed to address BEPS, by bringing fundamental changes to the international tax standards. These Action Plans are based on three core principles of Coherence, Substance and Transparency. The classification of various Action Plans based on these three principles are as … Read more