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A monthly commentary on the notable facts, figures and goings-on in the tax world

Stephen Nelson On August 17 2009, the State Administration of Taxation (SAT) issued a Notice to clarify certain individual income tax (IIT) issues (Guo Shui Fa [2009] number 121). The salient points are summarised below:

Nélio Weiss Philippe Jeffrey The Brazilian Congress approved, by means of decree 500, published in the official gazette of August 11 2009, the text of the double tax treaty (DTT) concluded on February 17 2006 between Brazil and Peru. The DTT still needs to be officially incorporated to the Brazilian legislation through the issuance of a presidential decree in order to become effective.

UK taxpayers should expect new tax disclosure opportunities in the near future, a leading HM Revenue & Customs official has said

Handy Kurniawan On April 22 2009, the minister of finance of the Republic of Indonesia issued a new regulation regarding the withholding of article 26 income tax on income received or earned by non-resident taxpayers on income in the form of revenue from sale or transfer of assets in Indonesia.

Rajendra Nayak Ganesh Pai On August 12 2009, the finance minister of India unveiled the draft of the Direct Tax Code (DTC) for public discussion. The DTC once finalised, would replace the existing income-tax law in India with effect from April 1 2011. The DTC proposes a number of significant changes to the tax laws.

Ole Morten Huseby has joined Norwegian law firm Haavind as head of the firm's tax group. He joins the firm from DLA Piper's local practice. He covers all aspects of corporate tax but has specific focus and expertise in M&A, pensions and employee benefits. He is also the chairman of the Norwegian Bar Association's Permanent Tax Law Committee.

Luxembourg and Switzerland have followed Liechtenstein's lead and announced that they will permit the exchange of tax information in future bilateral agreements

Taxpayers with multiple units in India's special economic zones will no longer face discriminatory treatment if a government proposal goes ahead.

Firms that are adapting better to the changed economic circumstances, are showing their worth in International Tax Review's second annual poll to find the leading transactional firms around the world