Posts by Sabia Liza

Colombia legislates the tax reform Bill for 2019

January 15, 2019

Colombia enacted tax reform (Law 1943-Tax Reform) on 28 December 2018. The Tax Reform makes numerous changes to the Colombian...

Lithuania announces tax amnesty deadline

January 15, 2019

On 10 January 2019, the State Tax Inspectorate of Lithuania announced the deadline for individuals and entities to report undeclared income...

Singapore deposits ratification instrument for MLI

January 14, 2019

On 21 December 2018, Singapore deposited its instrument of ratification of the Multilateral Agreement for the Implementation of Measures relating...

Indonesia approves new foreign tax credits rules

January 14, 2019

On 9 January 2019, Indonesia’s Directorate General of Taxation published new regulation (No. 192/PMK.03/2018) regarding foreign tax credits. The new...

Denmark: Ministry of Taxation publishes bill to implement EU ATAD with CFC amendments

January 12, 2019

Recently, the Danish Ministry of Taxation has published a legislation with CFC amendments for the implementation of the measure of...

Russia publishes list of foreign states for automatic exchange of CbC reports

January 10, 2019

On 25 December 2018, The Federal Tax Service of Russia published a new list of foreign states (territories), with which...

Denmark: Ministry of Taxation publishes bill to implement EU ATAD

January 10, 2019

On 28 December 2018, the Danish Ministry of Taxation has published a new legislation (Law No 1726) for the implementation...

Lithuania gazettes new Transfer Pricing rules for 2019

January 9, 2019

On 31 December 2018, the Lithuanian Official Gazette published an order for the transfer pricing (TP) rules. The new requirements...

Greece plans to cut corporate tax in 2020

January 5, 2019

On 14 December 2018, the Greek parliament approved the gradual reduction of the corporate income tax (CIT) rate over the...

Japan: MLI enters into force

January 3, 2019

On 1 January 2019, the Multilateral Convention to Implement Tax Treaty-Related Measures to Prevent BEPS (‘Multilateral Instrument’ or ‘MLI’) entered...

Japan proposes tax reform plans for 2019

December 31, 2018

On 14 December 2018, Japan’s ruling coalition party has approved a package of tax reform proposals for 2019. The proposal...

India: Ministry of Finance issues CbC report extension deadline

December 30, 2018

On 26 December 2018, India’s Ministry of Finance released a Circular, which provides for an extension of the deadline for non-parent...

Denmark: Ministry of Taxation publishes draft tax proposal to ratify BEPS MLI

December 19, 2018

Recently, the Danish Ministry of Taxation is inviting public comments on a draft legislative proposal to ratify the OECD’s Multilateral...

DTA between India and Hong Kong enters into force

December 17, 2018

On 30 November 2018, the tax treaty between India and Hong Kong entered into force and the treaty will be...

Sweden:Tax Authority declares on the relevance of the TP documentation when filing an incorrect tax return

December 10, 2018

On 3 December 2018, the tax authority issued Declaration No. 202 251680-18 / 111, on the relevance of Transfer Pricing...

Singapore enacts the Income Tax (Amendment) Act 2018

December 10, 2018

On 12 November 2018, Singapore enacted the Income Tax (Amendment) Act 2018. The Act(amended) implements the changes in income tax announced in...

Bulgaria includes new CFC rule and updates interest limitation rule 

December 6, 2018

On 27 November 2018, Bulgaria published a Bill on amendment and supplement to the Corporate Income Tax Act in the...

Mexico: SAT publishes the Miscellaneous Fiscal Resolution for 2018

December 5, 2018

On 30 November 2018, the Tax Administration Service (SAT) published in its portal the “Fourth of Modifications to the Miscellaneous...