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Member Articles


Revised Payment Schedule: Income Declaration Scheme, 2016

MINISTRY OF FINANCE(Department Of Revenue)NOTIFICATION No. 59/2016-INCOME TAX S.O. 2476(E).– In exercise of the powers conferred by section 187 of the Finance Act, 2016 (28 of 2016), the Central Government hereby amen ...

Automatic Exchange of Tax Information – From Albania to Vanuatu

As the dust settles on the first full year of FATCA reporting in relation to both US and UK clients, you might expect financial institutions such as Peregrine to move on to more rewarding work, at least taking a break fr ...

New Legislation To Combat Anti-Tax Avoidance By Multinational Enterprises

On 11 December 2015, parliament passed the Tax Laws Amendment (Combating Multinational Tax Avoidance) Bill 2015, dubbed ‘MAAL’ (Multi-national anti-avoidance law), which came into effect from 1 January 2016. The new ...

India: Bad Debt admissible if written off as irrecoverable in books: CBDT

Proposals have been received by the Central Board of Direct Taxes regarding filing of appeals/pursuing litigation on the issue of allowability of bad debt that are written off as irrecoverable in the accounts of the asse ...

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