Posts by Sabia Liza

Malta announces deduction rules for patent box regime

August 20, 2019

On 13 August 2019, the Government of Malta has published Legal Notice 208 of 2019 introducing ‘Patent Box Regime (Deduction)...

Pakistan: FBR approves the Finance Act 2019 with certain changes

August 19, 2019

On 30 July 2019, the Federal Board of Revenue (FBR) has issued a Circular No. 9 of 2019. The Circular...

Ghana: Finance Minister presents mid-year budget for 2019

August 19, 2019

On 29 July 2019, the Finance Minister of Ghana presented the 2019 mid-year budget statement to the parliament. The budget...

Bulgaria modifies the CFC Rules

August 18, 2019

The recently published Bulgarian Law amending and supplementing the Tax and Social Security Act includes some modifications and explanations of...

Luxembourg: Government submits EU Anti-Tax Avoidance Directive to Parliament

August 18, 2019

On 9 August 2019, Luxembourg Government submits draft law to the Parliament for the execution of the expanded hybrid mismatch...

Bulgaria publishes new mandatory TP documentation requirements

August 16, 2019

On 13 August 2019, amendments to the Tax and Social Security Procedure Code (TSSPC) were published in the State Gazette....

Argentina amends the compensatory and punitive interest rates

August 14, 2019

On 18 July 2019, Argentine Federal Secretary of Treasury published Resolution 598/2019 in the official gazette amending Resolution 50/2019 on...

Lithuania implements EU Directive on mandatory disclosure rules

August 14, 2019

On 30 July 2019, the President signed the primary legislation implementing the European Union (EU) Directive on the mandatory disclosure...

Taiwan: NTBCA issues notice on withholding tax for profit-seeking enterprises

August 12, 2019

On 9 August 2019, Taiwan’s National Taxation Bureau of the Central Area (NTBCA) has issued a notice clarifying that profit-seeking...

Bulgaria approves CbC Exchange Agreements with U.S.

August 10, 2019

On 10 July 2019, Bulgaria’s Council of Ministers approved two agreements with the United States allowing for the automatic exchange...

Peru: SUNAT issues resolutions on GAAR

August 10, 2019

On 31 July 2019, the Peruvian Tax Administration (SUNAT) published two resolutions (152-2019/SUNAT and 153-2019/SUNAT) regarding general anti-avoidance rule (GAAR)...

Egypt amends interest rate for late payment of tax

August 10, 2019

On 4 August 2019, the Ministry of Finance issued Decision No 484 of 2019 in the Official Journal. The decision...

Russia reduces the interest rate from July 2019

August 9, 2019

On 26 July 2019, the Russian Central Bank announced the decision to reduce the key rate from 7.50% to 7.25% with...

Bulgaria approves new mandatory TP documentation requirements

August 8, 2019

On 31 July 2019, the National Assembly approved at second (final) reading amendments to the Tax and Social Security Procedure...

World Tax Brief: August 2019

August 7, 2019

Hungary Incentive on small business: On 12 July 2019, the Hungarian Lawmakers approved the 2020 budget. The budget reduced the...

Uganda: Parliament passes Income Tax (Amendment) Act 2019

August 7, 2019

On 30 June 2019, Ugandan Parliament has passed Income Tax Amendment Act 2019. The act contains a number of measures...

Colombia: DIAN issues ruling on tax treatment of stock dividends

August 7, 2019

Recently, the Colombian National Tax Authority (DIAN) published Ruling 014495 of 6 June 2019, which sets out tax of profits...

India legislates Finance (No. 2) Act 2019

August 5, 2019

On 1 August 2019, India has published the Finance (No. 2) Act 2019 in the Official Gazette, which was approved...