Summary: 1. Indian case: Copal • Delhi High Court • Indirect share transfer: meaning of "substantially" in section 9(1)(i) Explanation 5 • For information: Rajesh Gandhi (Mumbai): rajegandhi@deloitte.com N.C. Hegde (Mumbai): nhegde@deloitte.com K.R. Sekar (Bangalore): krsekar@deloitte.com 2. Hong Kong case: Director’s fees • Board of Review • Source of director’s fees depends on residence (central management and control) of company • Foreign-incorporated company, with shares listed on Hong Kong stock exchange, held to be resident in Hong Kong • For information: Anthony Lau (Hong Kong): antlau@deloitte.com.hk 3. China • Circular 146 • Focus on outbound payments of service fees and royalties • To access Dbriefs Bytes 6 June (6 tests for deduction of outbound service fees), visit www.deloitte.com/ap/dbriefs/bytes • To access Dbriefs Bytes 11 July (Chengdu royalties case), visit www.deloitte.com/ap/dbriefs/bytes • For information: Vicky Wang (Shanghai): vicwang@deloitte.com.cn Ye Hong (Shanghai): hoyeqinli@qinlilawfirm.com 4. In brief • Singapore / Rwanda treaty signed • Inversions i. Burger King / Tim Hortons ii. What's Chinese for inversions?
