Posts by Sabia Liza

Indonesia: MoF amends the rules for corporate tax holiday

April 5, 2019

The Minister of Finance (MoF) of Indonesia published a revised tax holiday policy through Regulation No.150/PMK.010/2018 (PMK-150).  PMK-150 rules that...

Denmark approves deadlines for preparing, submitting transfer pricing documentation

April 5, 2019

Recently, the Danish parliament adopted an important amendment of the Tax Control Act (L 13 Forslag til Skattekontrollov of October...

Russia presents a draft bill for the income tax return for small taxpayers

April 3, 2019

On 21 March 2019, the Russian government announced a bill to amend the income tax return for small taxpayers. The...

Japan: Parliament enacts tax reform plans for 2019

April 2, 2019

On 27 March 2019, Japan’s parliament approved the legislation for the government’s tax reform proposals for 2019. Some of the...

Qatar: GTA issues circular on new income tax law

April 1, 2019

In April 2019, Qatar’s General Tax Authority (GTA) has issued Circular No. 14 of 2019 following previous Law No. 24...

Algeria: DGI releases circular on interest deduction regarding finance bill 2019

April 1, 2019

On 20 March 2019, Algerian tax agency Direction Generale des Impots (DGI) published circular N°1 /MF/DGI/DLRF/LF amending the provision of...

Sri Lanka proposes Budget for 2019

April 1, 2019

On 5 March 2019 Sri Lanka’s Government proposed its National Budget 2019 to the Parliament. The Budget includes following tax...

Venezuela extends deadline to file income tax return

March 31, 2019

On 26 March 2019, Venezuela’s Tax Administration declared the extension date to file income tax return for the fiscal year...

Greece: Tax administration issues circulars on CIT and Dividend tax rate cut

March 31, 2019

On 21 March 2019, the Public Revenue Authority issued two circulars (E.2046 / 2019 and E.2047 / 2019) for reducing...

Argentina publishes tax incentive scheme for local production of certain capital goods

March 27, 2019

27 March 2019 On 15 March 2019, Argentina published Decree 196/2019 in the official gazette amending Decree No. 379 which...

India: ITAT ruled that the income which is deemed to accrue or arise in India must have a territorial nexus

March 24, 2019

Recently, the Mumbai Bench of the Income-tax Appellate Tribunal (ITAT) in the case of: Fox International Channel Asia Pacific Ltd...

Zambia publishes Budget for 2019

March 23, 2019

On 1 January 2019, The Zambian government published budget for 2019 to the National Assembly.  Key modifications of tax rules...

Peru: SUNAT extends the deadline for submission of CbC reports for fiscal years 2017 and 2018

March 21, 2019

On 14 March 2019, the Peruvian tax authorities (SUNAT) issued an administrative regulation (Ruling No.054-2019) that extends the deadlines for...

Russia: Parliament proposes to reduce the corporate property tax rate

March 21, 2019

On 6 March 2019, a draft bill was presented to the State Duma (Lower House of Parliament) proposing to lower...

Puerto Rico extends the due date for filing 2018 informative returns  

March 20, 2019

On 27 February 2019, The Puerto Rico Treasury Department issued Internal Revenue Informative 19-06 to extend the filing date this...

Colombia: Tax Authority updates forms for filing tax returns in 2019

March 20, 2019

On 7 March 2019, the National Tax Authority (DIAN) of Colombia published an administrative regulation and updated the withholding tax...

India: ITAT decision on criteria for selecting transfer pricing comparable companies

March 18, 2019

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) in the case of: Philips Medical Systems (P.) Ltd. v....

Pakistan approves the Finance Supplementary (Second Amendment) Bill, 2019

March 14, 2019

On 6 March 2019, the National Assembly has approved the Finance Supplementary (Second Amendment) Bill, 2019 aimed at amending tax...