Summary: 1. India Budget • GAAR deferred • Amendments to section 9(1)(i) • Definition of tax residence for companies • Other important changes • For information: N.C. Hegde (Mumbai): nhegde@DELOITTE.com • For a copy of our detailed analysis of the Budget and for a copy of Cairn Energy’s press release, visit www.deloitte.com/ap/dbriefs/bytes 2.BEPS 2.1 Comments by U.S. officials • Actions 3, 4, 8-10, and 13 2.2 EU tax rulings committee • For a copy of the press releases issued by the committee, visit www.deloitte.com/bepscentral 2.3 UK PAC: HSBC • For a copy of the transcript of the hearing, visit www.deloitte.com/bepscentral 3. India • India / U.S. MAP process • TARC reports – For a copy of the reports (1,526 pages), visit www.deloitte.com/ap/dbriefs/bytes • Justices Sikri and Nariman appointed to specialist tax bench of Supreme Court • For information: N. C. Hegde (Mumbai): nhegde@DELOITTE.com 4. China 4.1 QFIIs and RQFIIs: tax on share sales before 17 November 2014 4.2 Shanghai FTZ: two changes • For a copy of our Tax Alerts, visit www.deloitte.com/ap/dbriefs/bytes For information on 4.1 and 4.2: Vicky Wang (Shanghai): vicwang@deloitte.com.cn or Ye Hong (Shanghai): hoyeqinli@qinlilawfirm.com 5. Transfer Pricing 5.1 South Africa: secondary adjustments • For information: Louise Vosloo (Johannesburg): lvosloo@deloitte.co.za 5.2 Australia: practice statement on reconstructions • For a copy of the practice statement, and our Tax Alert on this topic, visit www.deloitte.com/ap/dbriefs/bytes • For information: David Watkins (Sydney): dwatkins@deloitte.com.au 6. In brief 6.1 Treaties: U.S. model treaty 6.2 Ecuador: limits deductions for related party transactions 6.3 New Zealand: amendment bill • For a copy of our Tax Alert, visit www.deloitte.com/ap/dbriefs/bytes • For information: Teresa Farac (Auckland): tfarac@deloitte.co.nz 6.4 Hong Kong: IRD statement on Nice Cheer case • For a copy of the IRD statement, visit www.deloitte.com/ap/dbriefs/bytes • For information: Anthony Lau (Hong Kong): antlau@deloitte.com.hk
