Posts by Sabia Liza

Bulgaria Ratifies MLI Convention

August 15, 2022

On 17 June 2022, Bulgaria ratified the OECD Multilateral Convention (MLI) (2017) and published it in the Official Gazette (No....

Singapore: IRAS Publishes Updated E-Tax Guide on GST TP Adjustments

August 12, 2022

On 3 August 2022, the Inland Revenue Authority of Singapore (IRAS) updated the GST-E Tax Guide on Transfer Pricing Adjustments...

Ethiopia publishes investment incentives Law

August 12, 2022

On 12 July 2022, a new Investment Incentive Law No. 517/2022 was published by the Ethiopian Council of Ministers. The...

Russia updates the list of foreign states for automatic exchange of CbC reports

August 10, 2022

Recently, the Federal Tax Service of Russia published (Order No. ED-7-17/449) a new list of foreign states (territories), with which...

French Court of Appeal of Paris clarifies TP rules for cross-border group companies

August 10, 2022

Recently, the French Court of Appeal of Paris issued a decision in the case of France v. Ferragamo France (No....

World Tax Brief: August 2022

August 8, 2022

Argentina  Advance payments due: On 28 June 2022, Argentine Official Gazette published General Resolution 5211/2022 amending the provisions on income...

Russia: CBR cuts the Key Interest Rate to 8.0%

July 29, 2022

On 22 July 2022, the Central Bank of Russia (CBR) adopted a decision to cut the key interest rate from...

Dominican Republic publishes resolution on inflation adjustments

July 23, 2022

On 20 July 2022, the Dominican Republic tax authorities published a Resolution (DDG-AR1-2022-00006) on multipliers and adjustments for the fiscal...

Germany enacts the bill on the interest rate for late payment

July 18, 2022

On 21 July 2022, The Ministry of Finance published the bill providing for a reduced rate for late interest payments...

Greece publishes lists of Jurisdictions for Automatic Exchange of Information on CbC reporting

July 14, 2022

Recently, the Ministry of Finance published a decision containing the list of jurisdictions to which it will apply the OECD...

India: CBDT notifies the arm’s-length pricing variation limit for 2022-23

July 13, 2022

On 28 June 2022, the Indian Central Board of Direct Taxes (CBDT) issued Notification No. 70/2022, clarifying the calculation procedure...

Portugal extends the deadline to submit the TP file

July 11, 2022

On 6 July 2022, the government announced that it would extend the transfer pricing (TP) deadlines for preparation and/or submission...

Lithuania amends the APA rules

July 10, 2022

Recently, the State Tax Inspectorate of the Ministry of Finance of the Republic of Lithuania revised the Lithuanian Advance Pricing...

Germany: MoF publishes a draft decree-law regarding the transfer of functions

July 9, 2022

On 5 July 2022, the German Federal Ministry of Finance published a draft decree-law regarding the transfer of functions. The...

World Tax Brief: July 2022

July 7, 2022

Bangladesh Corporate income tax rate: On 9 June 2022, the Finance Minister of Bangladesh presented the national budget for fiscal...

Greece enacts ATAD’s reverse hybrid rule

June 30, 2022

On 30 June 2022, the government of Greece enacted legislation implementing ATAD’s reverse hybrid rule with retroactive effect from 1...

Dominican Republic: DGII publishes clarifications on CbC Reporting for MNE

June 25, 2022

On 22 June 2022, the Directorate General of Internal Revenue (DGII) published a Notice (No. 18-22) clarifying Country-by-Country Reporting (CbC)...

Austria: MOF Updates Guidance on COVID-19 treaty Issues

June 24, 2022

On 20 June 2022, the Ministry of Finance published a Circular (no. 2022-0.433.029 of 17 June 2022) clarifying various tax...