Retrospective Tax
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UAE Scraps Value Added Tax on Crypto Transactions, Binance Foresees Rapid Growth in Web3 Businesses
The UAE has exempted some crypto transactions from value added taxes (VAT). This essentially means that the five percent VAT that the UAE previously levied on crypto transfers and conversions now stands cancelled. This move is being implemented retrospectively covering crypto transactions from as far back as January 1, 2018.
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"Don't Impose GST On Online Gaming Retrospectively": Fantasy Sports Body
The Federation of Indian Fantasy Sports (FIFS) on Wednesday urged the government not to impose a 28% GST on online gaming with retrospective effect, as it is discouraging investors from putting their money into this booming industry.
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Ashneer Grover Slams Rs 55,000 Crore Tax Notice To Gaming Firms: ''Harassing Businessmen''
The former BharatPe founder questioned the thought process of people running the tax department and said that their goal is just to ''harass businessmen.''
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Indian Online Gaming Firms Planning to Relocate Could Violate Laws: Official
Indian online gaming firms planning to relocate overseas to avoid a new 28 percent tax on the sector run the risk of violating the country's foreign exchange laws, Vivek Johri, head of the indirect taxes' department, said on Thursday. New Delhi does not plan to implement the tax retrospectively, he said, in response to speculation it could do so.
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Trust Between Government, Industry Up After Scrapping Retrospective Tax: Rajnath Singh
The trust between the government and the industry has increased following the scrapping of the retrospective taxation regime, Defence Minister Rajnath Singh said on Wednesday.
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"Undid A Mistake Of The Past, Retrospective Tax": PM Modi
The government's move to end retrospective tax signified the undoing of a mistake in made in the past, Prime Minister Narendra Modi said today at the annual meeting of the Confederation of Indian Industry or CII.
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Undid Mistake Of The Past, Retrospective Tax: PM Modi At CII Event
Prime Minister Narendra Modi is addressing the Confederation of Indian Industry (CII) annual meeting.
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Vodafone, Cairn May Drop Tribunal Cases, Says Top Government Officer
India is in talks with Vodafone Group Plc and Cairn Energy Plc to settle long-running tax disputes with them, a top government official said after the nation last week moved to abolish a rule on retrospective taxation scorned by investors.
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Bill To End Retrospective Tax Passed Amid Opposition Walkout In Parliament
The Parliament on Monday passed a bill that seeks to do away with the contentious retrospective tax provision and will impact retro tax cases of Cairn Energy and Vodafone.
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Lok Sabha Passes Bill To End All Retrospective Taxation, Rajya Sabha Next
A bill that aims to end all retrospective taxation imposed on indirect transfer of Indian assets was passed by the Lok Sabha today amidst continuous protests by opposition over the alleged snooping through the Pegasus spyware and other issues.
-
"Shows Our Commitment": PM Modi Lauds Historic Move To Rid Retrospective Tax
Noting that the bill to nullify retrospective taxation shows the commitment of the government and consistency in policies, PM Modi on Friday said that new possibilities for expanding India's exports are increasing in the world.
-
"Glad We Have Put An End To It": P Chidambaram On Retro Tax Withdrawal
With Lok Sabha passing a bill that aims to end all retrospective taxation, senior Congress leader and former finance minister P Chidambaram Friday said he is glad that an issue that had been troubling India for eight years has been put to an end.
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Explained: Chronology Of India's Huge U-Turn On Retrospective Tax
The Indian government on Thursday proposed to refund companies in disputes over retrospective tax, including telecoms operator Vodafone and energy giant Cairn, after a string of setbacks in international litigation.
-
What Is Retrospective Tax: 5 Points
A retrospective tax is one that is charged for transactions in the long past. It can be a new or additional charge on transactions done in the past. The government has moved to do away with retrospective tax now.
-
Retro Tax Axed To Settle Disputes Worth Billions: 10 Facts
In a huge move to settle international disputes running into billions of dollars, the government on Thursday said it will change tax laws to do away with demands for past payments. Companies like Cairn Energy will get refunds, the government said.
-
UAE Scraps Value Added Tax on Crypto Transactions, Binance Foresees Rapid Growth in Web3 Businesses
The UAE has exempted some crypto transactions from value added taxes (VAT). This essentially means that the five percent VAT that the UAE previously levied on crypto transfers and conversions now stands cancelled. This move is being implemented retrospectively covering crypto transactions from as far back as January 1, 2018.
-
"Don't Impose GST On Online Gaming Retrospectively": Fantasy Sports Body
The Federation of Indian Fantasy Sports (FIFS) on Wednesday urged the government not to impose a 28% GST on online gaming with retrospective effect, as it is discouraging investors from putting their money into this booming industry.
-
Ashneer Grover Slams Rs 55,000 Crore Tax Notice To Gaming Firms: ''Harassing Businessmen''
The former BharatPe founder questioned the thought process of people running the tax department and said that their goal is just to ''harass businessmen.''
-
Indian Online Gaming Firms Planning to Relocate Could Violate Laws: Official
Indian online gaming firms planning to relocate overseas to avoid a new 28 percent tax on the sector run the risk of violating the country's foreign exchange laws, Vivek Johri, head of the indirect taxes' department, said on Thursday. New Delhi does not plan to implement the tax retrospectively, he said, in response to speculation it could do so.
-
Trust Between Government, Industry Up After Scrapping Retrospective Tax: Rajnath Singh
The trust between the government and the industry has increased following the scrapping of the retrospective taxation regime, Defence Minister Rajnath Singh said on Wednesday.
-
"Undid A Mistake Of The Past, Retrospective Tax": PM Modi
The government's move to end retrospective tax signified the undoing of a mistake in made in the past, Prime Minister Narendra Modi said today at the annual meeting of the Confederation of Indian Industry or CII.
-
Undid Mistake Of The Past, Retrospective Tax: PM Modi At CII Event
Prime Minister Narendra Modi is addressing the Confederation of Indian Industry (CII) annual meeting.
-
Vodafone, Cairn May Drop Tribunal Cases, Says Top Government Officer
India is in talks with Vodafone Group Plc and Cairn Energy Plc to settle long-running tax disputes with them, a top government official said after the nation last week moved to abolish a rule on retrospective taxation scorned by investors.
-
Bill To End Retrospective Tax Passed Amid Opposition Walkout In Parliament
The Parliament on Monday passed a bill that seeks to do away with the contentious retrospective tax provision and will impact retro tax cases of Cairn Energy and Vodafone.
-
Lok Sabha Passes Bill To End All Retrospective Taxation, Rajya Sabha Next
A bill that aims to end all retrospective taxation imposed on indirect transfer of Indian assets was passed by the Lok Sabha today amidst continuous protests by opposition over the alleged snooping through the Pegasus spyware and other issues.
-
"Shows Our Commitment": PM Modi Lauds Historic Move To Rid Retrospective Tax
Noting that the bill to nullify retrospective taxation shows the commitment of the government and consistency in policies, PM Modi on Friday said that new possibilities for expanding India's exports are increasing in the world.
-
"Glad We Have Put An End To It": P Chidambaram On Retro Tax Withdrawal
With Lok Sabha passing a bill that aims to end all retrospective taxation, senior Congress leader and former finance minister P Chidambaram Friday said he is glad that an issue that had been troubling India for eight years has been put to an end.
-
Explained: Chronology Of India's Huge U-Turn On Retrospective Tax
The Indian government on Thursday proposed to refund companies in disputes over retrospective tax, including telecoms operator Vodafone and energy giant Cairn, after a string of setbacks in international litigation.
-
What Is Retrospective Tax: 5 Points
A retrospective tax is one that is charged for transactions in the long past. It can be a new or additional charge on transactions done in the past. The government has moved to do away with retrospective tax now.
-
Retro Tax Axed To Settle Disputes Worth Billions: 10 Facts
In a huge move to settle international disputes running into billions of dollars, the government on Thursday said it will change tax laws to do away with demands for past payments. Companies like Cairn Energy will get refunds, the government said.
