Category News

UAE to introduce federal corporate tax

Federal tax authority Corporate Tax

The UAE (United Arab Emirates) is introducing for the first time a federal corporate tax on business earnings. In a major change of course as the country seeks to diversify its income. This is first time, UAE has lifted Tax-Free…

RBI provides Roadmap for LIBOR Transition

RBI Governor LIBOR

The Reserve Bank of India (RBI), has issued a notification on the Roadmap for LIBOR (London Interbank Offered Rate). The RBI had, in August 2020, requested banks to frame a Board-approved plan, outlining an assessment of exposures linked to the…

Faceless Assessment for Customs Clearance

CBIC Circular

CBIC (Central Board of Indirect Taxes & Customs) has recently reviewed the implementation of Faceless Assessment and discussed the further measures required for expediting the pace of assessment and Customs clearance of imported goods. Accordingly, the Board via “Circular No.14…