Posts by Sabia Liza

Ghana changes several Tax Acts

August 9, 2018

On 1 August 2018, The Parliament of Ghana published in the Official Gazette the Income Tax (Amendment) Act 2018, the...

World Tax Brief: August 2018

August 5, 2018

Austria CFC rule: On 11 July 2018, the Federal Council of Austria adopted the text of the Annual Tax Act...

Korea: MOEF proposes tax revision bill for 2018 

August 5, 2018

On 30 July 2018, South Korea’s Ministry of Economy and Finance (MOEF) has issued an overview of the proposed 2018...

Russia modifies the regional corporate tax rate

August 5, 2018

The Russian Government amended the regional corporation tax rate and published it on 3 August 2018 in the Official Journal....

Korea announces tax law amendments proposal for 2019

August 4, 2018

On 30 July 2018, the Ministry of Strategy and Finance (MOSF) announced its proposed tax law amendments proposal for 2019....

Romania permits quarterly dividend distributions

August 1, 2018

On 10 July 2018 the Romanian legislature passed Law no 163/2018 in the Official Gazette allowing quarterly dividend distributions.The Law...

El Salvador: Supreme Court declares various Legislative Decrees regarding tax reforms

July 31, 2018

The Constitutional Chamber of the Supreme Court of Justice in El Salvador has declared unconstitutional Legislative Decree Nos. 762, 763...

Austria: Parliament adopts the annual Tax Act 2018

July 30, 2018

On 11 July 2018, the Federal Council of Austria adopted the text of the Annual Tax Act 2018 as approved...

India: CBDT signs first ever substantive revision to India-UK Bilateral APA

July 23, 2018

Recently, the Central Board of Direct Taxes (CBDT) signed the first ever substantive revision to an India-U.K. Bilateral advance pricing...

Russia: Parliament considering the Bill amending CFC and other rules

July 22, 2018

Recently, the Russian lower house of parliament considering the Bill No. 442400-7, which includes various measures. The Bill includes following measures:...

Peru enacts new tax legislation for a short period

July 22, 2018

Peru’s Congress enacted Law 30823 on 19 July 2018 granting President Power to enact new tax legislation for a short...

Italy publishes guidance on clarifying application of R&D tax credit

July 22, 2018

The Italian tax authority during 2018 issued guidance to clarify application of the existing tax rule of Research and Development...

Austria: Parliament approves Exchange of CbC Reports and Financial Account Information

July 20, 2018

On 11 July 2018, the Federal Council (upper house of parliament) of Austria adopted two declarations as approved by the...

Russia: The Lower House of Parliament Approves Bill Amending Tax Administration

July 20, 2018

On 18 July 2018, the Russian lower house of parliament adopted the Bill No. 249505-7 on improving tax administration in the...

Uruguay: Directorate General of Taxation amends R&D tax incentive regime

July 20, 2018

Recently, the Directorate General of Taxation has published Law No. 19.637 with numerous tax amendments. The major change incorporated in...

Lithuania ratifies multilateral convention to implement tax treaty related measures to prevent BEPS (MLI)

July 18, 2018

On 14 June 2018, Lithuania ratified the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI) by...

Italy : Law Decree entered into force following its publication

July 12, 2018

Italy Published Law Decree No. 87 of 12 July 2018 was entered into force following its publication in Official Gazette...

Hungary presents new tax package for 2019

July 11, 2018

The government of Hungary presented a new tax package on 19 June 2018 for corporate and business tax. The changes...