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Mumbai: The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has denied in a recent order a refund in respect of foreign taxes aggregating to Rs 182.6 crore paid by Bank of India (BoI). The denial came as the bank had losses and did not have any tax liability in India. However, the taxes […]

Kenya Revenue Authority (KRA) has announced that the newly introduced Digital Service Tax (DST) came into effect on January 1. The Finance Act 2020 introduced DST on income from services provided through the digital marketplace in Kenya and will be applied at 1.5 percent on the gross transaction value (exclusive of VAT). “The Finance Act […]