ARC FINDINGS/RULINGS INCOME TAX CONSTRUCTION COST CONSULTANTS LTD v THE DIRECTOR-GENERAL, MRA, ARC/IT/350-17 – FINDING FACTS: The Committee gave its decision in this case and the MRA is to take a stand in the VAT case – ARC/VAT/175-17. The MRA had issued an assessment totaling Rs 1,515,226 which was later revised to Rs 1,380,724 after...Read More

Introduction We are now in 2024 – the Year the Global Minimum Tax (GMT) is set to go live and dramatically transform the international tax landscape. In view of contributing to the understanding of the GMT, we are pleased to share with you our short article which focuses on the history and the mechanics of...Read More