The General Anti-Avoidance Rules (GAAR) included in Chapter X-A of the Indian Income Tax Act goes into effect April 1, 2017.
The bill implementing the diverted profits tax (DPT) has been passed by the Australian Parliament.
The HMRC, the UK tax authority, published the draft legislation for the Finance Bill 2017, which includes measures to combat tax evasion and avoidance and to support businesses through the tax system.
The Treasury released draft legislation for implementing a diverted profits tax (DPT) at 40% on profits that have been artificially diverted from Australia by entities with at least AUD 1 billion in annual global income.
On July 11, 2016, the Inland Revenue Authority of Singapore (IRAS) released an e-tax guide.
Provisions effective July 17 include a new General Anti-Abuse Rule (GAAR)