The ICAI has released the revised edition 2020 of its Guide on “Basics of International Taxation,” which was previously known as “Aspects of International Taxation – A Study” and was last published in 2016.
This guide covers all of the fundamentals (basic aspects) of international taxation, such as non-resident taxation, DTAAs, Transfer Pricing, advance rulings, e-commerce taxation, foreign tax credit, BEPS, and so on. It is a comprehensive guide to international taxation with over 950 pages.
Because of its dynamic and ever-changing nature, international taxation has always been a difficult subject for both students and practitioners. Furthermore, as cross-border transactions, mergers and acquisitions, e-commerce, capital mobility, and other activities have increased, international taxation laws have become increasingly complex. The ever-increasing complexity of the global village’s taxation laws has been the subject of consultations, dialogues, debates, and discussions at various forums. As a result, the concept of Base Erosion and Profit Shifting (BEPS) and action points to resolve the issues have been identified.
Because of global developments in BEPS action plans, international taxation is an emerging area of practise. This ICAI guide will assist its members (CA professionals) in meeting the challenges of working in a borderless world by providing the necessary knowledge updation in the area of international taxation.
ICAI Guide on Basics of International Taxation (Revised 2020)