Posts by Sabia Liza

Russia reduces the Interest rate from September 2019

September 14, 2019

On 6 September 2019, the Russian Central Bank announced the decision to reduce the key rate from 7.25% to 7.00%...

World Tax Brief: September 2019

September 9, 2019

Taiwan Business income taxation: On 26 August 2019, the Taiwan National Tax Bureau for the Northern Area (NTBNA) published a...

Taiwan: MOF approves regulation on repatriation of offshore funds

September 7, 2019

On 15 August 2019, Taiwan’s Ministry of Finance (MOF) has approved regulations on repatriation, use and taxation of offshore installations...

Ecuador: NA Approves Mutual Assistance Agreement on Tax matters

September 4, 2019

On 7 August 2019, Ecuador’s National Assembly approved the bill for the ratification of the OECD-Council of Europe Convention on...

DTA between Croatia and Japan enters into force

September 4, 2019

On 5 September 2019, the Double Taxation Agreement (DTA) between Croatia and Japan (2018) will enter into force. The treaty...

Taiwan: NTBNA issues notice on business tax on e-services purchase

August 31, 2019

On 26 August 2019, Taiwan’s National Taxation Bureau of the Northern Area (NTBNA) has issued a notice for domestic entities...

Slovenia implements the mandatory disclosure rules

August 31, 2019

On 28 May 2019, the Slovenian Parliament has approved the EU Directive on the mandatory disclosure and exchange of cross-border...

US: Court of Appeals approves Tax Court’s decision in Transfer Pricing case

August 30, 2019

On 16 August 2019, the U.S. Court of Appeals for the Ninth Circuit in the case of: Amazon.com, Inc. v....

Singapore signs DTA with Turkmenistan

August 29, 2019

On 27 August 2019, Singapore signed a Double Tax Treaty (DTA) with Turkmenistan. The DTA will enhance the cross-border trade...

Chile: Chamber of Deputies approves tax reform bill

August 28, 2019

On 23 August 2019, the tax reform Bill was passed by the Chamber of Deputies. The tax changes in the...

India: CBDT issues FAQs on filling of ITR forms for AY 2019-20

August 26, 2019

On 8 August 2019, the Central Board of Direct Taxes (CBDT) has issued Circular No. 18, which includes frequently asked...

OECD: Namibia joins the Inclusive Framework on BEPS

August 22, 2019

On 9 August 2019, Namibia has joined the OECD base erosion and profit shifting (BEPS) inclusive framework. Accordingly, all OECD...

Saudi Arabia: GAZT publishes Tax Ruling Requests guide

August 22, 2019

Recently, the General Authority of Zakat and Tax (GAZT) of Saudi Arabia published the English version of Tax Ruling Requests...

DTA between Singapore and Tunisia ratified

August 22, 2019

The Income Tax Treaty of 2018 between Singapore and Tunisia has been ratified by the Tunisian president by way of...

Denmark: Tax Agency allows for the opportunity to re-open certain transfer pricing cases

August 21, 2019

On 12 July 2019 the Danish Tax Agency issued a new decree (SKM2019.374.SKTtST) regarding transfer pricing documentation in response to...

Lithuania further changes TP documentation rules

August 21, 2019

On 12 August 2019, the tax authorities released the new transfer pricing (TP) rules, which will apply from 2019, in...

Russia updates the CFC notification form

August 20, 2019

On 1 August 2019, the Federal Tax Service (FTS) has approved the amended CFC and the filing procedure in electronic...

Portugal implements EU Directive on Dispute Resolution

August 20, 2019

On 12 August 2019, the Portuguese Parliament has approved the bill to transpose Council Directive (EU) 2017/1852 of 10 October 2017,...