Thursday , October 29, 2026 |   01:05:07 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Newsletters
 
NEWS FLASH
 
TP - Notional interest adjustment on receivables is impermissible where receivables have not become overdue within relevant accounting period: ITAT (See Breaking News) TP - Assessee is entitled to challenge comparable before DRP even if it accepts the same before TPO - comparability is to be determined in keeping with statutory requirements & relevant FAR analysis: ITAT (See Breaking News) TP - Rate charged by State Electricity Board to industrial consumer should be taken as market value for transfer of electricity from eligible unit to non-eligible unit: ITAT (See Breaking News) TP - TPO cannot reject assessee's selection of AE as tested party for export transactions and substituting GPL India as tested party: ITAT (See Breaking News) I-T - Interest received from and paid to overseas head office and branches is not taxable at hands of PE applying doctrine of mutuality: ITAT (See Breaking News) I-T - Mere fact that for limited purpose of attribution of profits under DTAA, a Permanent Establishment is treated as separate enterprise, does not alter fundamental legal position that Head Office and branch continue to constitute same juridical person: ITAT (See Breaking News) TP - Interest rate on intra-group loans should not be benchmarked using CUP method: ITAT (See Breaking News) TP - Mere attribution of percentages to functions, assets and risks, without reliable basis for quantifying respective economic contributions, cannot, by itself, establish ALP of licence fees: ITAT (See Breaking News) TP - If assessee has filed financials of AEs to establish that payment received from assessee were subjected to taxation in their respective jurisdiction, benefit test has no relevance in determining ALP: ITAT (See Breaking News) TP - Notional interest adjustment on debt-free company is not sustainable: ITAT (See Breaking News) TP - Working capital adjustment, foreign exchange fluctuation adjustment, and capacity utilization adjustment, shall be applied to international transactions: ITAT (See Breaking News) TP - Royalty payment made by assessee to its AE cannot be subjected to TP adjustment when royalty is not embedded in import price: ITAT (See Breaking News) TP - Penalty u/s 271BA cannot be sustained where foundational provision, namely section 92BA(i), is already omitted when penalty proceedings were initiated & the penalty order was passed: ITAT (See Breaking News) I-T - Services rendered by individual based on his personal expertise, market knowledge & industry experience cannot automatically be characterised as FTS just because they have consultancy attributes: ITAT (See Breaking News) DTAA - Borrowed services fees does not satisfy 'make available' requirement under Article 13(4) of India-UK DTAA: ITAT (See Breaking News) I-T - Profits attributable to non-UK resident partners of UK partnership firm providing legal services in India cannot be taxed as Fees for Technical Services u/s 9(1)(vii): ITAT (See Breaking News)
 
TII SEARCH
 
 
   
Home >> News Brief
 

New WTO database details regulatory barriers to trade
By TII News Service
May 03, 2021 , Geneva

    

TRADE policy barriers such as tariffs and regulations account for at least 14 per cent of trade costs according to estimates from the new WTO Trade Cost Index which measures the cost of trading internationally relative to trading domestically, finding that the costs to export are higher for women, smaller businesses and unskilled workers.

Using estimates of bilateral trade costs for 43 economies and 31 sectors from 2000-18, the index provides for the first time a detailed breakdown of trade costs for both goods and services and which groups of producers and consumers bear them the most.

It complements other statistics the WTO provides on trade costs, such as average tariffs or the number of non-tariff measures, and gives a sense of the weight of these measures relative to other factors, such as transport and travel costs, information and transaction costs, information and communication technology connectedness, and governance quality.

"Trade policy barriers and regulatory – which include tariff and non-tariff barriers – make up the largest component of trade costs when low-income economies trade with each other," it finds, drawing attention to the high potential for policy reforms to boost trade among developing countries. Transport and travel costs comprise the largest share of trade costs when high-income economies transact with each other or with lower-income economies.

The index illustrates the evolution of trade costs over time, finding that global trade costs have declined by 15 per cent between 2008-18. On the export side, the most pronounced fall was observed in the newer European Union (EU) members of Latvia, Croatia, Bulgaria, Cyprus and Slovenia.

"Overall trade costs are found to be higher for women, small and medium-sized enterprises, and unskilled workers. This is partly explained by these groups' concentration in certain sectors such as in services," said the multilateral body.

The index finds that trade costs for services are higher than trade costs for agricultural goods, while trade costs for manufactured goods are the lowest.

Further updates to the index will look into capturing the cost of uncertainty in the global market, including from the COVID-19 pandemic, and will explore ways to produce timely estimates of trade costs to account for real time update of trade measures.

 
 
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI TII
  • DTAA
  • Circulars (I-T Act, 1922)
  • Limited Treaties
  • Other Treaties
  • TIEAs
  • Notifications
  • Circulars
  • Relevant Sections of I-T Rules,1962
  • Instructions
  • Administrative Orders
  • DRP Panel
  • I-T Act, 1961
  • MLI
  • Relevant Portion of I-T Act,1922
  • GAAR
  • MAP
  • OECD Conventions
  • Draft Guidelines
  • DTC Bill
  • Committee Reports
  • FATCA
  • Intl-Taxation
  • Finance Acts
  • Manual on EoI
  • UN Model Taxation
  • Miscellaneous
  • Cost Inflation Index
  • Union Budget
  • Information Security Guidelines
  • APA Annual Report
  • APA Rules
  • Miscellaneous
  • Relevant Sections of Act
  • Instructions
  • Circulars
  • Notifications
  • Draft Notifications
  • Forms
  • TP Rules
  • APA FAQ
  • UN Manual on TP
  • Safe Harbour Rules
  • US Transfer Pricing
  • FEMA Act
  • Exchange Manual
  • Fema Notifications
  • Master Circulars
  • Press Notes
  • Rules
  • FDI Circulars
  • RBI Circulars
  • Reports
  • FDI Approved
  • RBI Other Notifications
  • FIPB Review
  • FEO Act
  • INTELLECTUAL PROPERTY
  • CBR Act
  • NBFC Report
  • Black Money Act
  • PMLA Instruction
  • PMLA Bill
  • FM Budget Speeches
  • Multimodal Transportation
  • Vienna Convention
  • EXIM Bank LoC
  • Manufacturing Policy
  • FTDR Act, 1992
  • White Paper on Black Money
  • Posting Policy
  • PMLA Cases
  • Transfer of Property
  • MCA Circular
  • Limitation Act
  • Type of Visa
  • SSAs
  • EPFO
  • Acts
  • FAQs
  • Rules
  • Guidelines
  • Tourist Visa
  • Notifications
  • Arbitration
  • Model Text
  • Agreements
  • Relevant Portion of I-T Act
  • I-T Rules, 1962
  • Circulars
  • MISC
  • Notification
  • About Us
  • Contact Us
  •  
     
    A Taxindiaonline Website. Copyright © 2010-2025 | Privacy Policy | Taxindiainternational.com Pvt. Ltd. OPC All rights reserved.