Sunday , March 1, 2026 |   01:14:51 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Newsletters
 
NEWS FLASH
 
TP- ICDS-I principles take precedence over Ind-AS, requiring use of cost price or acquisition cost of investments: ITAT (See Breaking News) TP - If final assessment order passed by AO u/s 143(3) r.w.s. 144C(13) r.w.s. 144B is beyond upper time limit provided u/s 153(1) and Section 153(4), then said order is beyond limitation period: ITAT (See Breaking News) I-T - Attribution of revenue to a Permanent Establishment does not limit deduction of expenses incurred to earn that revenue: HC (See Breaking News) I-T - Assessee's statutory right to have objections adjudicated by DRP u/s 144C cannot be defeated by bona fide procedural error, such as filing objections with incorrect AO: HC (See Breaking News) I-T - Where assessee, eligible u/s 144C has filed objections to draft assessment order before DRP, AO cannot lawfully pass final assessment order: HC (See Breaking News) I-T - Authority deciding applications u/s 197 is obligated to decide as per provisions of Income Tax Act, and with due regard to treaties between countries, without being influenced by revenue targets: HC (See Breaking News) I-T - If non-resident's income from mineral oil exploration activities qualifies as FTS or Royalty and is connected to Permanent Establishment in India, it must be taxed u/s 44DA, which overrides Section 44BB: HC (See Breaking News) TP - Failure of TPO to supply copies of agreements that form basis of its findings constitutes violation of principles of natural justice: HC (See Breaking News) Services trade expands modesty in Q4 of OECD Area (See TII Brief) I-T - If operation of airline services is exempt from taxation under relevant DTAA & Income Tax Act, and if there is no outstanding tax demand, competent authority is required to issue NIL certificate u/s 197 for such exempt income: HC (See Breaking News) I-T - Scheme of Section 144C is designed to protect the principles of natural justice and that administrative mechanisms should be put in place to ensure that objections are duly communicated to the AO: HC (See Breaking News) I-T - Objective of Sec 197 is to ensure that where transaction is not taxable, tax is not deducted, thereby protecting assessee's cash flow and preventing Revenue from being burdened with interest on refunds: HC (See Breaking News) DTAA - A Permanent Establishment is to be treated as distinct & separate enterprise & all expenses attributable to it must be allowed, in absence of any specific restriction in DTAA: ITAT (See Breaking News) TP - Time limit for completion of assessment prescribed u/s 153 is definitive outer limit that must be adhered to: ITAT (See Breaking News)
 
TII SEARCH
 
 
   
Home >> News Brief
 

Global Tax Forum to launch New Initiative for Asia in 2022
By TII News Service
Nov 19, 2021 , Paris

    

THE international fight for transparency and exchange of information in tax matters continues at great speed in spite of the COVID-19 pandemic. In the three-day 2021 Global Forum plenary meeting - opened by OECD Secretary-General Mathias Cormann, followed by Indonesia’s Finance Minister, Sri Mulyani Indrawati - ministers, high-level authorities and delegates from about 130 member jurisdictions will take stock of the progress made on multilateral co-operation in transparency and exchange of information for tax purposes and discuss the future direction of the Global Forum.

Celebrating 10 years of Global Forum capacity-building activities, members will also reflect on ensuring transparency and exchange of information benefit developing jurisdictions and help them in their fight against tax evasion and other illicit financial flows, allowing them to enhance domestic resource mobilisation. Over 70 jurisdictions benefited from assistance in 2021 and 21000 tax officials have been trained since 2011.

Building on the success of its regional initiatives for Africa, Latin America and the Pacific Islands, the Global Forum announced a new initiative for Asia, to be launched in 2022, with the support of Indonesia’s Finance Minister and Asian Development Bank’s President, Mr Masatsugu Asakawa.

In addition to seeking the gender balance in its activities, the Global Forum will launch the Women leaders in tax transparency programme, which aims at reinforcing gender equality in tax administrations.

"This 10-year anniversary provides us with an opportunity to reflect on how inclusive the Global Forum is, how our work has evolved as a result and launch new initiatives," said Maria José Garde, Chair of the Global Forum. "The fact that over half of our members are developing jurisdictions means that our support and assistance work is critical to ensure they mobilise much-needed revenues."

The Global Forum keeps ensuring there is nowhere left to hide and promotes a level playing field through its peer review and monitoring activities. The second edition of the Peer Review of the Automatic Exchange of Financial Account Information shows the continuous progress made through the Global Forum peer review and monitoring activities. Results from the second stage of the monitoring process, assessing the effectiveness of automatic exchange, are due to be published in 2022.

 
 
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.