Tax developments or tax-related items reported this week include the following items.
Australia: Goods and services tax (GST) business-to-business measures (effective 1 October 2016) may bring foreign businesses into the “GST net” for the first time.
Australia: The government announced incentives for startups and investor-related tax initiatives.
New Zealand: Proposals for changes to the taxation of employee share scheme (plan) benefits are focused on conditional and “option-like” arrangements.
India: The Delhi High Court held that a payment of administrative fees to a foreign company is not subject to disallowance because of non-withholding (deduction) of tax at source in view of non-discrimination clause under the India-United States income tax treaty.
Singapore: A recently signed income tax treaty between India and Mauritius may have implications for Singapore investors in India—in particular, given the treaty’s shift from a resident-based taxation to a source-based taxation.
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