Netherlands releases spring memorandum 2024 and tax plan for 2025
On 15 April 2024, the Dutch government released the Spring Memorandum 2024, highlighting an update on the budget allocations for 2024 and beyond. The document details several proposed tax measures, such as - the energy tax rates on natural gas for the third, fourth, and fifth brackets, which will
Read MorePortugal: Government approves comprehensive tax reform program
On 10 April 2024, the Portuguese Government approved a government program incorporating several measures related to corporate and individual income taxes. The program covers the following topics: Corporate Tax Rate Reduction: A planned
Read MoreJapan: Parliament approves comprehensive 2024 tax reform package
On 28 March 2024, Japan's National parliament (Diet) reportedly approved the 2024 tax reform legislation. The legislation includes several significant measures aimed at economic stimulation and fiscal adjustment. The reform package encompasses
Read MoreAustralia: ATO updates trust tax returns and private rulings forms
On 12 April 2024, the Australian Taxation Office (ATO) issued a guide detailing the upcoming modifications to the annual tax return form for trust income reporting, effective from 1 July 2024. ATO also announced updating its application forms for
Read MoreBolivia issues reminder for corporate tax payments and returns deadline for 2023
On 5 April 2024, Bolivia's National Tax Service (SIN) in a notice notified taxpayers of the upcoming deadline for corporate income tax payments and other necessary returns for the fiscal year ending on 31 December 2023. According to the notice the
Read MoreKenya: KRA raises market and deemed interest rates for fringe benefit tax purposes
On 9 April 2024, the Kenya Revenue Authority (KRA) released a notice concerning the market interest rate for fringe benefit taxation and the deemed interest rate for specific loans from non-residents for the months of April 2024, May 2024, and June
Read MoreParaguay eases penalties for unregistered vouchers and extends 2023 financial statements deadline
On 27 March 2024, Paraguay's National Directorate of Tax Revenues (Dirección Nacional de Ingresos Tributarios - DNIT) released General Resolution DNIT No. 07/24. This Resolution offers penalty relief for adhering to the electronic voucher
Read MoreGreece: Parliament passes law implementing pillar 2 global minimum tax
On 2 April 2024, the Greek parliament approved a new law that includes provisions for adopting Council Directive (EU) 2022/2523 into Greek legislation. This directive, known as the "EU Pillar Two directive," is designed to establish a universal
Read MoreIreland: Irish Revenue publishes guidance on outbound payment measures
On 25 March 2024, the Irish Revenue released eBrief No. 096/24 outlining new guidance on Outbound payments defensive measures. This latest guidance has been issued as part of the Finance (No.2) Act 2023. The Finance (No.2) Act 2023 inserted Chapter
Read MoreCorporate Tax
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Australia: ATO updates trust tax returns and private rulings forms
April 18, 2024
On 12 April 2024, the Australian Taxation Office (ATO) issued a guide
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Portugal: Government approves comprehensive tax reform program
April 18, 2024
On 10 April 2024, the Portuguese Government approved a government program
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Japan: Parliament approves comprehensive 2024 tax reform package
April 17, 2024
On 28 March 2024, Japan's National parliament (Diet) reportedly approved
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Australia: ATO offers tax returns concessions until 15 May 2024
April 17, 2024
On 17 April 2024, the Australian Taxation Office (ATO) declared a
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Malta enacts 2024 budget act with full intellectual property expense deduction
April 16, 2024
On 2 April 2024, Malta released the Budget Measures Implementation Act
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New Zealand issues 2024 international tax disclosure exemption
April 16, 2024
On 3 April 2024, the New Zealand Inland Revenue published a determination
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Australia: ATO announces availability of 2024 reportable tax position schedule
April 15, 2024
On 14 April 2024, the Australian Taxation Office (ATO) released the
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Ecuador passes pro-tourism law to boost employment and investment
April 15, 2024
On 1 April 2024, Ecuador's National Assembly declared the approval of the
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US: Idaho reduces tax rates for companies and individual taxpayers
April 15, 2024
On 29 March 2024, the governor of Idaho, the 43rd state of the US,
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Bolivia issues reminder for corporate tax payments and returns deadline for 2023
April 14, 2024
On 5 April 2024, Bolivia's National Tax Service (SIN) in a notice notified
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Transfer Pricing
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France publishes updated list of participating and reportable jurisdictions for CRS purposes
April 17, 2024
On 28 March 2024, France's Official Journal No. 0074 published the Order of 15 March 2024, which provides a comprehensive and current list of participating and reportable jurisdictions for Common Reporting Standard (CRS) purposes. Common Reporting Standard is an international
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Kenya: KRA raises market and deemed interest rates for fringe benefit tax purposes
April 13, 2024
On 9 April 2024, the Kenya Revenue Authority (KRA) released a notice concerning the market interest rate for fringe benefit taxation and the deemed interest rate for specific loans from non-residents for the months of April 2024, May 2024, and June 2024. The market interest
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Estonia passes laws for public CbC reporting and partial adoption pillar 2 GloBE rules
April 13, 2024
On 10 April 2024, Estonia’s parliament passed the Act supplementing the Tax Information Exchange Act, the Taxation Act, and the Income Tax Act (379 SE). This law outlines the requirements for the implementation of public CbC reporting in accordance with the Council Directive
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Poland passes law for implementing DAC7
April 12, 2024
On 9 April 2024, Poland's Council of Ministers passed a bill to enact new regulations for exchanging information on income generated from sellers on digital platforms, or DAC7. These rules are outlined in Council Directive (EU) 2021/514, which was enforced in Poland on 22 March
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Ireland: Irish Revenue publishes guidance on outbound payment measures
April 10, 2024
On 25 March 2024, the Irish Revenue released eBrief No. 096/24 outlining new guidance on Outbound payments defensive measures. This latest guidance has been issued as part of the Finance (No.2) Act 2023. The Finance (No.2) Act 2023 inserted Chapter 5 outbound payments defensive
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Czech Republic announces draft legislation for enacting DAC8
April 09, 2024
On 25 March 2024, the Czech Republic government announced the release of the Draft Bill amending the Act on International Cooperation in Tax Administration and Other Related Acts to implement Council Directive (EU) 2023/2226 of 17 October 2023. This legislation mandates the
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Hungary releases 2024 audit plan with targets transfer pricing
April 08, 2024
Hungary's National Tax and Customs Administration (NAV) has released its audit strategy for the 2024 calendar year, highlighting transfer pricing as its key area of focus among other sectors. The new transfer pricing reporting obligation introduced in the last tax year,
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Cyprus announces updates to its transfer pricing FAQs
April 04, 2024
On 28 March 2024, the Cyprus Tax Department released the updated version of its English-language Frequently Asked Questions (FAQs) on transfer pricing. The FAQs present the questions and the corresponding answers as published on the Tax Department’s website. The update
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Comparative Tax Revenue Effects of Amount A and Digital Service Tax Regimes
April 04, 2024
As authors of several studies that estimate the tax revenue impact of Amount A for various countries and compare the Amount A impact with revenues from a model digital service tax (DST) regime, we observed certain patterns that hold true for various years and across different
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Poland introduces new reporting legislation for digital platform operators (DAC7)
April 04, 2024
On 22 March 2024, Poland announced a new legislation for the implementation of the Council Directive (EU) 2021/514, known as DAC7. The bill was published on the Government Legislation Centre's website. The legislation introduces several key provisions, including: A mandate
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Most Read
Ireland proposes increase in R&D tax credit rate and refund amounts
The Irish Minister of Finance has unveiled two major enhancements to the research and development (R&D) tax credit in the Budget 2024. The
Read MoreSingapore: IRAS publishes updated e-tax guide on tax treatment of pharmaceutical R&D and IP expenditure
On 20 March 2024, the Singaporean Inland Revenue Authority (IRAS) released a revised e-Tax Guide titled “Tax Treatment of Research &
Read MoreTaiwan sets deadline for R&D investment tax credit recognition applications
On 26 March 2024, the Ministry of Finance of Taiwan released a notice on the application deadline for the recognition of R&D activities for the
Read MoreSwitzerland releases Q&A guidance on application of transfer pricing rules
On February 23, 2024, the Swiss Federal Tax Authorities (SFTA) published the Q&A guidance regarding the application of transfer pricing
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