Summary: 1. India: Sony case ("excessive" AMP expenses) • Delhi High Court • Rejection of "bright line test" • For a copy of the case (142 pages), visit www.deloitte.com/ap/dbriefs/bytes • For information: Anis Chakravarty (Mumbai): anchakravarty@deloitte.com 2. Canada: Skechers case (customs duty) • Federal Court of Appeal • Inclusion of R&D expenses in "value for customs" • For a copy of the case, visit www.deloitte.com/ap/dbriefs/bytes • For information: Daniel Kiselbach (Vancouver): dkiselbach@deloittetaxlaw.ca 3. India 3.1 APA rollbacks • Detailed rules and procedures • Filing deadline: 31 March 2015! • For a copy of the new rules, visit www.deloitte.com/ap/dbriefs/bytes, and our Tax Alert on this topic, visit www.deloitte.com/ap/dbriefs/bytes • For information: Anis Chakravarty (Mumbai): anchakravarty@deloitte.com 3.2 Cairn • U.S.$3.2 billion assessment issued to Cairn India, for retrospective failure to deduct withholding tax in regard to an indirect share transfer • For information: N.C. Hegde (Mumbai): nhegde@DELOITTE.com 4. BEPS 4.1 Action 14: dispute resolution 4.2 Action 5: harmful tax practices • For a copy of the European Commission's "tax transparency package" (numerous documents), visit visit www.deloitte.com/bepscentral 4.3 BEPS: other developments • OECD public consultation meeting on transfer pricing discussion drafts • Australia: public disclosure of tax information – For information: David Watkins (Sydney): dwatkins@deloitte.com.au • New Zealand: tax policy work program • For a copy of the work program, visit www.deloitte.com/ap/dbriefs/bytes, and our Tax Alert on this topic, visit www.deloitte.com/ap/dbriefs/bytes – For information: Teresa Farac (Auckland): tfarac@deloitte.co.nz 5. In brief 5.1 UK Budget • For a copy of our Tax Alert (3 pages), visit www.deloitte.com/ap/dbriefs/bytes, and our detailed analysis (49 pages), visit www.deloitte.com/ap/dbriefs/bytes • For information: Bill Dodwell (London): bdodwell@deloitte.co.uk Ben Pickford (Singapore): bpickford@deloitte.com David Fallon (Hong Kong): dafallon@deloitte.com 5.2 Russia: thin cap and interest rates • For information: Elena Solovyova (Moscow): esolovyova@Deloitte.ru 5.3 Australia: investment manager regime • For a copy of our Tax Alert, visit www.deloitte.com/ap/dbriefs/bytes • For information: David Watkins (Sydney): dwatkins@deloitte.com.au 5.4 China: SAT guidance in regard to western region 15% tax rate • For a copy of the guidance (Chinese language), visit www.deloitte.com/ap/dbriefs/bytes • For information: Vicky Wang (Shanghai): vicwang@deloitte.com.cn Ye Hong (Shanghai): hoyeqinli@qinlilawfirm.com
