[Global IDT Insights] UAE Issues VAT Amendments Effective 01-01-2026 & Others
Editorial Team – [2025] 181 taxmann.com 762 (Article) Global IDT Insights provides a weekly snippet of tax news specifically related to Indirect Taxes from around the globe. 1. UAE Issues VAT Amendments Effective 01-01-2026 The United Arab Emirates (UAE) has issued amendments to its Value Added Tax (VAT) framework. The amendments are intended to simplify tax […]
Consumer Disputes Under the Consumer Protection Act, 2019
Consumer disputes under the Consumer Protection Act refer to legal disagreements arising between a consumer and a trader or service provider concerning unfair trade practices, defective goods, deficiency in services, overcharging, hazardous goods or services, or product liability. Such disputes are adjudicated by Consumer Disputes Redressal Commissions upon the filing of a complaint by an […]
Derivatives – Definition | Key Economic Functions | Products
Derivatives are financial instruments whose value is derived from an underlying asset, rate, or index—such as commodities, currencies, interest rates, equities, or market indices. They do not have an independent value of their own and exist only because of the underlying. Derivatives are typically settled at a future date and are widely used for risk […]
[World Tax News] Dutch Government Publishes Overview of 2026 Tax Measures and More
Editorial Team – [2025] 181 taxmann.com 634 (Article) World Tax News provides a weekly snippet of tax news from around the globe. Here is a glimpse of the tax happening in the world this week: 1. Dutch Government Publishes Overview of 2026 Tax Measures The Dutch Ministry of Finance has released an overview of the main […]
IBBI Introduces CP Form Modification Utility and Late Fee for Delayed Filings
Circular No. IBBI/CIRP/89/2025; Dated: 18.12.2025 1. Regulatory Background The Insolvency and Bankruptcy Board of India (IBBI) has introduced important procedural changes relating to filing of forms under Regulation 40B of the IBBI (Corporate Insolvency Resolution Process) Regulations. The changes include: Introduction of a modification utility for CP Forms filed on the IBBI portal, and Commencement […]
[Global Financial Insights] ISSB Issues Amendments to Greenhouse Gas Emissions Disclosure Requirements in IFRS S2
Editorial Team – [2025] 181 taxmann.com 586 (Article) Global Financial Insights is a weekly feature for the Accounts and Audit Module subscribers of Taxmann.com. It provides you with the latest updates on financial reporting and auditing practices from across the globe. Here is this week’s financial update: 1. ISSB Issues Amendments to Greenhouse Gas Emissions […]
SEBI Mandates Half-Yearly Disclosures by SPDE Trustees for SDIs
Circular no. HO/17/11/18(1)2025-DDHS-POD1/I/342/2025; Dated: 16.12.2025 1. Regulatory Background SEBI has issued a circular mandating enhanced periodic disclosure requirements for Special Purpose Distinct Entities (SPDEs) and trustees associated with Securitised Debt Instruments (SDIs). The move is aimed at strengthening transparency, ongoing monitoring, and investor protection in the securitisation market. 2. Entities Covered The disclosure requirements apply […]
CBDT Notifies 47 CIT(A) for Appeals in Search and Survey Assessments
Notification No. 170/2025, dated 15-12-2025 1. Background The Central Board of Direct Taxes (CBDT) has issued a direction clarifying the appellate jurisdiction of the Commissioner of Income-tax (Appeals) [CIT(A)] in respect of assessments completed pursuant to search, requisition, or survey operations under the Income-tax Act, 1961. This move aims to ensure administrative clarity, uniform handling […]
CBDT Nudges Taxpayers on Bogus Donation Claims for AY 2025-26
Press Release, dated 13-12-2025 1. Background The Central Board of Direct Taxes (CBDT) has launched a targeted NUDGE (Non-intrusive Usage of Data to Guide and Encourage) campaign aimed at taxpayers who have claimed deductions for donations to suspicious entities or have not furnished adequate information to establish the genuineness of such entities. The initiative forms […]
Govt. Proposes Lower CSR Thresholds and Mandatory CSR-Experienced Director on CSR Committee
Bill No. XXXII of 2025, Dated: 08.12.2025 1. Background The Government of India has introduced the Companies (Amendment) Bill, 2025, proposing significant amendments to Section 135 of the Companies Act, 2013, which governs Corporate Social Responsibility (CSR) obligations. The proposed changes seek to widen the CSR net and strengthen governance and expertise in CSR decision-making. […]