Posts by Sabia Liza

Taiwan: NTBNA publishes Guidance on Submission of TP documentation

March 10, 2019

On 26 February 2019, National Taxation Bureau of the Northern Area (NTBNA), Ministry of Finance of Taiwan has published guidance...

Taiwan: NTBND Publishes a clarification on carry forward of losses for exemption from investment income

March 7, 2019

On 4 March 2019, the National Tax Bureau of the Northern District (NTBND) of the Ministry of Finance of Taiwan...

World Tax Brief: March 2019

March 5, 2019

Hong Kong Incentives for industry/manufacturing: On 27 February 2019, the Secretary of State presented the 2019/2020 Budget to the Legislative...

Kenya: Court of Appeal explains the decision about Ruling on income “paid” for Withholding tax

March 2, 2019

On 5 February 2019, the Kenyan Court of Appeal issued its ruling on: Kenya Revenue Authority v. The Republic of...

Hong Kong: Financial Secretary presents 2019/2020 Budget

February 28, 2019

On 27 February 2019, the Financial Secretary has presented the 2019-20 budget to the Legislative Council. The Budget measures includes...

Luxembourg: Tax Authority clarifies the new Permanent Establishment definition

February 26, 2019

On 22 February 2019, Luxembourg tax authorities issued a new circular (No.19) that clarifies recently added the new Permanent Establishment...

Hong Kong: IRD publishes 2018/19 profits tax returns and supplementary forms

February 25, 2019

On 18 February 2019, the Hong Kong Inland Revenue Department (IRD) has published the sample Profit Tax Returns for 2018/2019...

Costa Rica: MOF publishes resolution on tax residence certificates

February 24, 2019

On 19 February 2019, Costa Rica’s Ministry of Finance (MOF) published a Resolution (was first published in the Official Gazette...

Chile: IRS amends the annual transfer pricing form

February 24, 2019

The Internal Revenue Service (IRS) has issued a new version of the annual transfer pricing tax return (Form 1907) to...

Egypt publishes a draft of Consolidated Tax Procedures Act

February 23, 2019

On 17 February 2019, the Ministry of Finance of Egypt has published a draft consolidated tax procedures Act  for public...

Peru: Tax authority clarifies the scope of CFC rules

February 22, 2019

On 7 February 2019, the Peruvian Tax Authority published a report (097-2018-SUNAT / 7T00000) clarifying the passive net income attribution...

Portugal: Parliament proposes to implements The Anti-Tax Avoidance Directive

February 20, 2019

Recently, the Portuguese Government has submitted to Parliament the Bill No.177/XIII introducing changes to the Income Tax Act to implement...

Singapore presents Budget for 2019

February 19, 2019

On 18 February 2019, the Finance Minister of Singapore delivered the Budget for 2019. The main tax-related measures are summarized...

Saudi Arabia: GAZT approves the transfer Pricing Law

February 18, 2019

On 15 February 2019, the Board of Directors of General Authority of Zakat and Tax (GAZT) of Saudi published a...

Sweden: Proposal for the extension of the hybrid match rules submits for comments

February 18, 2019

On 1 February 2019, the Ministry of Finance has sent a memorandum on referral with a proposal to extend the...

Portugal legislates law on automatic exchange of financial information

February 17, 2019

The Assembly of the Republic of Portugal adopted Legislative Decree 17/2019 on 14 February 2019. The law amends the current...

Kenya simplifies the taxation of non-tax profits distributed as dividends

February 15, 2019

On 8 February 2019, the Kenya Revenue Authority (KRA) published a notice clarifying the new measure introduced by the Finance...

Colombia: DIAN publishes transfer pricing return and other forms for 2019

February 13, 2019

On 15 January 2019, Directorate of Taxes and National Customs (DIAN) of Colombia published Administrative Regulation 000004 of 2019 to...