Tax Arbitration News Today : Breaking News, Live Updates & Top Stories | Vimarsana

This article provides an overview of procedures and practical considerations surrounding the commencement of tax disputes in Portugal.

Finance Minister Nirmala Sitharaman on Friday indicated the government's intent to appeal against an arbitration panel asking India to return USD 1.4 billion to UK's Cairn Energy Plc, saying it is her "duty" to appeal in cases where the nation's sovereign authority to tax is questioned. Last year, the government lost two high-profile arbitrations over the levy of taxes on British firms, using legislation that gave it the power to levy taxes with retrospective effect. While the government has already challenged in a Singapore court an international arbitration tribunal verdict that overturn...

2021-01-12 11:36:12 Ulaanbaatar /MONTSAME/. On 22 December 2020, Oyu Tolgoi LLC received a Tax Assessment claim for approximately US$228 million from the Mongolian Tax Authority (MTA), relating to an audit of taxes paid by Oyu Tolgoi LLC between 2016 and 2018. The MTA has also sought to reduce Oyu Tolgoi’s carried-forward tax losses by around US$1.5 billion.  On 11 January 2021, Oyu Tolgoi LLC issued a press release regarding the tax matters, which reads, “Oyu Tolgoi LLC consistently recognized as one of the largest taxpayers in Mongolia. It has paid more than MNT5.8 tril...