India: Clarification With Respect To Applicability Of Explanation 5 To Section 9(1) On The Dividend Declared By Foreign Company

The Central Board of Direct Taxes [CBDT] on 26th March 2015 issued a Circular no. 4/2015 wherein they have clarified that while interpreting the provisions of Section 9(1)(i) of the Income Tax Act, 1961 [herein after referred to as ‘Act’] read with Explanation 5 inserted to the said section by Finance Act, 2012, only that income will be taxable in India which is deemed to arised outside India from any transaction in respect of […]

By |May 6th, 2015|

UK: The Potential Employment Law Landscape After 7 May 2015

We are now in the final stretch before the General Election. The manifestos are published and the parties are hot on the campaign trail. Whilst the major focus is on the deficit and public spending, each party has published some key proposals in respect of employment law should they get into power, one way or the other!
Conservatives:

Apprenticeships – boost apprenticeships by 3 million over the next five years;
National Insurance – abolish National Insurance Contributions […]

By |May 5th, 2015|

UK: Spotlight On Post-Election Plans For Business

One week out from the UK general election, the Tories have made the headline-grabbing pledge to freeze taxes. Our UK expert Vince Cheshire looks at how the promise would affect business.

In what is of course being dubbed a “last-minute gimmick,” David Cameron yesterday announced that a re-elected Tory government would legislate for a ban on tax rises within 100 days to freeze VAT, national insurance and income tax until 2020. The leader of the […]

By |May 1st, 2015|