Tomas Balco
Extra-territorial Capital Gains Taxation: Indirect sale of shares through non-resident companies First edition
Extractive industry taxation Volume
3
Extra-territorial Capital Gains Taxation: Indirect Sale of Shares through non-resident companies
Copyright © Tomas Balco, 2015 Copyright © Policy Research Center s.r.o., 2015
This work is subject to copyright. All rights are reserved. No part of this work may be reproduced, reprinted, stored in data banks or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or in any other way, without the written permission of the publisher. Applications for permission to reproduce all or part of this work shall be directed to:
[email protected]
ISBN 978-80-87909-04-1
Table of Content: 1.
Introduction ..................................................................................................... 2
2.
OECD Model Tax Convention .............................................................................. 2
3.
UN Model Tax Convention .................................................................................. 3
4.
National Practices.............................................................................................. 4 4.1.
China ........................................................................................................ 4
4.2.
India ......................................................................................................... 8
4.3.
Kazakhstan .............................................................................................. 10
5.
Legitimacy of Extra-territorial Capital Gain Taxation ............................................ 11
6.
Tax Agent vs. Taxpayer compliance issues ......................................................... 12
7.
Conclusions .................................................................................................... 12
Appendix N.1 ........................................................................................................... 14 Appendix N 2 – Tax Collection Mechanism from Kazakhstan .......................................... 17
