Posts by Sabia Liza

India: CBDT releases new Income tax return Forms for the Assessment Year 2019-20

April 25, 2019

On 1 April 2019, the Central Board of Direct Taxes (CBDT) has issued a Notification No.32/2019 to notify the new...

Philippines: BIR issues green jobs tax incentive regulations

April 25, 2019

On 12 April 2019, the Philippines Bureau of Internal Revenue (BIR) has issued revenue regulations (RR) No. 5-2019, which implements...

Mexico: Tax Administration Service publishes Q&As with respect to transfer pricing comparability adjustments

April 24, 2019

On 29 March 2019, the Mexican Tax Administration Service published, on its website, frequently asked questions (Q&As) regarding transfer prices...

Taiwan publishes a notice upon income tax filing return for 2019

April 23, 2019

On 29 March 2019, the National Taxation Bureau of the Southern Area (NTBSA) of Taiwan published a notice upon important...

Germany suggest new tax incentive for research and development

April 20, 2019

On 17 April 2019, the Ministry of Finance published a bill with a new tax incentive for research and development....

Ecuador: SRI issues circular regarding income tax law

April 18, 2019

On 9 April 2019, Ecuador’s Internal Revenue Service (SRI) issued Circular No. NAC-DGECCGC19-00000003. The circular makes a reminder about the...

Dominican Republic presents fiscal transparency bill to House of Representatives

April 17, 2019

On 19 March 2019, Dominican Republic’s Committee of Public Finance proposed a bill on fiscal transparency in the House of...

Austria: Government approves the first part of the digital tax package

April 15, 2019

On 4 April 2019, Austrian Finance Minister and State Secretary are sending the first part of their digital tax package...

Vietnam Proposes to reduce corporate income tax rates for SMEs

April 13, 2019

On 26 March 2019, Vietnam’s Ministry of Finance has released a consultation on a draft resolution for the introduction of...

Namibia: Finance Minister proposes Budget for 2019/20

April 13, 2019

On 27 March 2018, the Finance Minister of Namibia presented the budget for 2019 to the parliament. The following tax...

Kazakhstan: MoF modifies to the corporate income tax returns for 2018

April 11, 2019

Recently, the Ministry of Finance (MoF) of the Republic of Kazakhstan has modified the corporation income tax return for 2018...

Indonesia: MoF issues restrictions on new foreign tax credit rules

April 11, 2019

The Minister of Finance (MoF) of Indonesia published a regulation No. 192/PMK.03/2018 regarding the implementation of tax credits on overseas...

Zambia: Tax Appeals Tribunals decision on arm’s length arrangements between related parties

April 10, 2019

Recently, the Tax Appeals Tribunal (TAT) issued a decision for the Zambia Revenue Authority (“ZRA”) in the case of: Nestlé...

Nicaragua publishes tax law for 2019

April 10, 2019

On 28 February 2019, Nicaragua issued tax amend law No.987 in the Official Gazette including notices of the amendment of...

Germany updates Guidance on CbC reporting requirements

April 10, 2019

The German Ministry of Finance issued an updated version of the Application Decree on the General Tax Code on 5...

India: CBDT publishes new deadline for CbC Report Local Filing for U.S. MNEs

April 10, 2019

On 8 April 2019, the Central Board of Direct Taxes(CBDT) has issued Circular 7/2019 regarding the constituent entities of U.S....

World Tax Brief: April 2019

April 7, 2019

Greece  Main corporate tax rates: On 21 March 2019, the Public Revenue Authority issued two circulars (E.2046/2019 and E.2047/2019) for...

Peru: SUNAT simplifies the scope of the CFC rules

April 7, 2019

On 19 March 2019, the Peru tax authority (SUNAT) issued a guidance (No. 011-2019-SUNAT/7T0000) regarding the determination of expenses and...