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Member Articles


Understanding VAT Implications for Grants and Contracts

Understanding the nuances between grants and contracts in terms of VAT is important for financial management and VAT compliance and mistakes can be very costly. The first thing to note is that whilst grant funding is ou ...

No "Moore" Waiting – Supreme Court Upholds Mandatory Repatriation Tax

Author: Anna K. Derewenda The Ruling On June 20, the U.S. Supreme Court released its opinion in the closely watched case of Moore v. United States. In a 7-2 decision, the court upheld the constitutionality of the manda ...

Exemption from IMT (Municipal Property Transfer Tax) and IS (Stamp Tax)

Law no. 30-A/2024 of 20 June was published, authorising the Government to exempt the purchase of a first permanent home by young people up to the age of 35 from municipal property transfer tax (IMT) and stamp duty (IS). ...

India Tax Updates

The Income Tax Appellate Tribunal [ITAT] (Mumbai) Tirupati Developers v/s. ACIT ITA No. 2628/Mum/2023 dated 16.01.2024. Income from Capital Gains not applicable to Assessee who is in the business of Property Redevelopme ...

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