Spain releases 2023 personal income and wealth tax returns forms

March 25, 2024

On 22 March 2024, the Spanish Tax Agency published Order HAC/265/2024 in the Official Gazette. This announcement introduces the personal income tax and wealth tax return forms (modelos) for the fiscal year 2023. These are as follows: Form

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UN: Conference of African Ministers Discusses Domestic Resource Mobilisation

March 15, 2024

The fifty-sixth session of the UN Economic Commission for Africa (UNECA) Conference of African Ministers of Finance, Planning and Economic Development was held from 28 February to 5 March 2024 in Zimbabwe. The theme of the conference was on

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Cyprus extends deadline for 2022 transfer pricing documentation submission 

February 25, 2024

On 23 February 2024, the Cyprus Tax Department (CTD) issued a letter that clarified the extension of the deadline for submission of the income tax returns of companies obligated to submit the Table of Summarised Information (TSI) for 2022. The

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Colombia amends tax Form 490 to include SEP corporate income tax payments

February 10, 2024

On January 25, 2024, Colombia's tax authority released Resolution No. 4, which amends the tax Form 490 to include bimonthly advance payments for significant economic presence (SEP) corporate income tax. The initial payment is scheduled for March

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UK: Taxpayer Perceptions of Third Party Educational Messaging

January 27, 2024

On 25 January 2024 HMRC published the results of research that was commissioned by them in relation to customer perceptions of third party educational messaging. HMRC is considering the value of educational messaging via third party intermediary

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IMF Report Comments on Kenya’s Economy

January 24, 2024

On 17 January 2024 the IMF issued a report following consultations with Kenya under Article IV of the IMF’s articles of agreement, the Sixth Reviews of the extended arrangements under the EFF and ECF Arrangements, and First Review Under the

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IMF issues report following Article IV Consultation with Ghana

January 21, 2024

On 19 January 2024 the IMF issued a report following consultations with Ghana under Article IV of the IMF’s articles of agreement and the first review of Ghana’s Extended Credit Facility arrangement. The report notes that Ghana’s performance

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Colombia issues tax return filing deadlines for year 2024 and beyond

January 10, 2024

On 22 December 2023, Colombia's Ministry of Finance published Decree No. 2229 of 22 December 2023, outlining the deadlines for filing tax returns and payments for the year 2024 and subsequent years. The main deadlines for tax returns and payments

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Colombia increases UVT value for 2024 

December 31, 2023

On 28 November 2023, the Colombian tax authority (Dirección de Impuestos y Aduanas Nacionales-DIAN) issued Resolution No. 000187 of 28 November 2023, amending the adjusted tax value unit (Unidad de Valor Tributario - UVT) for 2024. The UVT value is

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Spain to stop VAT fraud with payment service providers reporting obligations 

December 28, 2023

On 27 December 2023, Spain published the Royal Decree 1171/2023 of 27 December 2023 in the Official Gazette. The Royal Decree proposes to implement new reporting obligations for payment service providers starting 1 January 2024 in accordance with

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Peru updates tax code on interest for refunds and penalties

December 24, 2023

On 20 December 2023, Peru’s Congress announced it amended its tax code concerning Law 31962. The amendment is related to the interest rate that the Tax Authority should consider involving cases on refund claims for improper or excessive tax

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Algeria announces supplementary finance law for 2023

December 12, 2023

In November 2023, Algeria published the Supplementary Finance Law for 2023 in the Official Gazette. The key tax measures of the law include: A new transfer pricing declaration obligation has been introduced, requiring taxpayers to submit an

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OECD: Peer Review Report on Tax Transparency and EOI in Serbia

November 15, 2023

On 8 November 2023 the OECD’s Global Forum published the second-round peer review report on Serbia’s implementation of the standard on transparency and exchange of information (EOI). The report assesses the legal and regulatory framework at 4

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OECD: Peer Review Report on Tax Transparency and EOI in Latvia

November 15, 2023

On 8 November 2023 the OECD’s Global Forum published the second-round peer review report on Latvia’s implementation of the standard on transparency and exchange of information (EOI). Latvia’s implementation of the EOIR standard was given an

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OECD: Peer Review Report on Transparency and EOI in Thailand

November 13, 2023

On 8 November 2023 the Global Forum published a peer review report on Thailand's implementation of the standard on transparency and exchange of information. Thailand joined the Global Forum in 2017 and made efforts to establish the necessary legal

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Pakistan: Peer Review Report on Exchange of Information and Transparency

November 12, 2023

On 8 November 2023 the Global Forum published the second-round peer review report assessing Pakistan’s practical implementation of the standard on transparency and exchange of information on request (EOIR). The latest peer review assessment

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OECD: Unleashing the Power of Automatic Exchange of Information

July 25, 2023

A report on developments by developing countries with the automatic exchange of information (AEOI) was prepared by the OECD’s Global Forum for the meeting of G20 finance ministers and central bank governors on 17 and 18 July 2023. The report with

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UK: Tax Gap for 2021/22

June 27, 2023

On 22 June 2023 HMRC published details of the UK’s tax gap for 2021/22. The tax gap is a measure of the difference between the amount of tax that should have been collected by HMRC, and the amount that was actually paid. The tax that should be

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