International Tax Updates - 30% Course Discount - Year End

Welcome to Sorting Tax International Tax Newsletter.

Here are the latest updates and insights on international tax developments from various jurisdiction. In this edition, we are offering 30% discount on our International Tax Course - Use CODE "WEBINAR30OFF"

The latest updates for this week are as under:

• Mexico Takes Steps to Ratify OECD's BEPS Convention
• Thailand to Implement OECD BEPS 2.0 Pillar Two's Global Minimum Tax Rules
• Israel Releases Tax Treaty with Czech Republic as per BEPS MLI
• OECD Global Forum Remains Committed to Tax Transparency Outreach Efforts
• Financial Uncertainty has impact on Global Businesses

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Income Tax Updates

• LLP can claim exemption from shares of profit of a partnership firm since it was deemed to be a partner of the firm for limited purpose under Section 10(2A) of the Income Tax Act, 1961. Bangalore ITAT - Mulberry Textiles LLP case
• The appeal filed by AO cannot move forward because corporate insolvency proceedings under the Insolvency and Bankruptcy Code, 2016 (IBC) are already pending against the assessee. Pune ITAT - MSM Steels (P.) Ltd. case

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Disclaimer:?This newsletter is for informational purposes only and is not intended to provide legal, tax, or accounting advice. You should not rely on the information in this newsletter as a substitute for professional advice.