Posts by Sabia Liza

Pakistan presents the Budget for 2022/23

June 22, 2022

On 10 June 2022, the Finance Minister presented the Budget for 2022/23 to the National Parliament. The budget includes the...

Portugal approves the Budget for 2022

June 16, 2022

On 27 May 2022, the Budget for 2022 has passed by the parliament. The budget includes the following tax-related measures:...

India: CBDT updates guidance on MAP

June 14, 2022

On 10 June 2022, India’s Central Board of Direct Taxes (CBDT) issued comprehensive updated guidance on the Mutual Agreement Procedure...

World Tax Brief: June 2022

June 11, 2022

Argentina Filing return: On 28 April 2022, the Federal Public Revenue Administration published General Resolution 5189/2022 of 28 April 2022,...

Russia: CBR cuts the key rate to 9.50%

June 11, 2022

On 10 June 2022, the Central Bank of Russia announced its decision to lower the policy rate after the Bank...

Singapore: IRA’s issues e-tax guide on R&D tax measures

June 10, 2022

On 8 June 202, the Inland Revenue Authority of Singapore (IRAS) issued an updated e-Tax Guide on Research and Development...

Dominican Republic: DGII invites comments on the draft MAP rule

June 9, 2022

On 26 May 2022, the Dominican Republic’s Directorate General of Internal Revenue (DGII) launched a public consultation on a draft...

Greece enacts a law providing a 30% tax exemption for SMEs

May 30, 2022

On 26 May 2022, the Greek Official Gazette published Law No. 4935/2022 which introduced a 30% income tax exemption for...

South Africa: SARS updates interest rate tables

May 26, 2022

On 18 May 2022, the South African Revenue Service (SARS) published updated interest rate tables.  The South African Reserve Bank changed the...

South Africa: SARS publishes the comprehensive guide to dividends tax

May 18, 2022

On 12 May 2022, the South African Revenue Service (SARS) published the 5th issue of the Comprehensive Guide to Dividends Tax....

Austria publishes guidance on MAP procedures under DTAs, MLI, and EU Laws

May 15, 2022

On 6 May 2022, the Ministry of Finance issued new guidelines on mutual agreement and arbitration procedures (MAP) under the...

Bulgaria releases updated guidelines on CIT

May 12, 2022

On 11 May 2022, the National Revenue Agency released an updated version of the 2022 Corporate Tax Handbook. The publication...

India: CBDT issues guidelines on Investment Funds tax incentives

May 12, 2022

On 9 May 2022, the Central Board of Direct Taxes (CBDT) issued Circular No. 9 of 2022, which provides a...

Portugal extends the corporate income tax return deadline

May 11, 2022

Recently, the Portuguese government has provided a brief extension to the corporate income tax return deadline for the 2021 fiscal...

Russia clarifies the criteria for transfer pricing controlled transactions

May 10, 2022

On 26 April 2022, the Ministry of Finance and Federal Tax Service (FTS) published a Guidance Letter 03-12-12/1/37761 clarifying the...

World Tax Brief: May 2022

May 9, 2022

Argentina Payment of tax: On 30 March 2022, the Federal Public Revenue Administration published a General Resolution which extends payment...

Singapore publishes guidance on filing CIT return for 2022

May 9, 2022

On 4 May 2022, the Inland Revenue Authority of Singapore published guidance on the 2022 corporate tax filing season. The...

Denmark introduces new filing requirements for TP documentation

May 3, 2022

Recently, the Danish Ministry of Finance introduced an obligation to file a transfer pricing documentation (TPD) with the Danish Tax...