PwC

Tax & Legal

      • nivo slider image nivo slider image nivo slider image

    Tax & Legal

      No forgiveness of interest in view of compensating adjustment for different taxpayer


      The Supreme Tax Court has held that a taxpayer cannot claim forgiveness of the interest due on the tax payment following a transfer pricing adjustment on the grounds that an associated company had no claim for interest receivable on the corresponding adjustment in its home country.

      Future obligation not chargeable to real estate transfer tax


      The Supreme Tax Court has held that the acceptance by the acquirer of a plot of building land of an obligation to contribute towards the cost of building a kindergarten is not part of the consideration subject to real estate transfer tax if the obligation was not due at the time of the conveyance.