Posts by Sabia Liza

Russia: CBR cuts the Key Interest Rate to 14%

April 30, 2022

On 29 April 2022, the Central Bank of Russia (CBR) adopted a decision to cut the key interest rate from...

Singapore updates List of Jurisdictions participating under MCAA-CbC

April 28, 2022

On 29 March 2022, the Inland Revenue Authority updated the list of jurisdictions participating under the Multilateral Competent Authority Agreement...

Bulgaria: Parliament considers a Bill to ratify BEPS MLI

April 27, 2022

On 15 April 2022, Parliament is considering a bill to ratify the Multilateral Convention Implementing Tax Treaty-Related Measures to Prevent...

Zambia: Government implements budget tax changes for 2022

April 26, 2022

Recently, the Zambian Government has published Practice Note No. 1/2022 which provides an overview of the various 2022 tax changes...

Oman publishes guidelines to clarify CbC reporting obligations

April 23, 2022

In March, the Tax Authority published guidance clarifying the country-by-country (CbC) reporting requirements of multinational corporations (MNEs) operating in Oman....

World Tax Brief: April 2022

April 12, 2022

China Tax payment: On 28 February 2022, the Ministry of Finance and State Administration of Taxation of China jointly issued...

India publishes Finance Act 2022

April 9, 2022

On 30 March 2022, the government published the Finance Act 2022 in the Official Gazette. The law implements the measures...

Russia extends the 0% CIT rate for cultural institutions

March 31, 2022

On 26 March 2022, Russia published Federal Law No. 68-FZ on Amendments to Articles 284 and 284-8 of Part Two...

Russia raises the threshold for controlled transactions

March 30, 2022

On 22 March 2022, the Russian Parliament amended the criteria for controlled transactions for transfer pricing purposes. Accordingly, the general...

Russia: FTS clarifies the application of transfer pricing control under sanctions

March 24, 2022

On 14 March 2022, the Federal Tax Service (FTS) published guidance (Letter No. ШЮ-4-13/2724) stipulating that the application of sanctions...

Zambia publishes provisional income tax return due dates and penalties for 2022

March 23, 2022

Recently, the Zambia Revenue Authority (“ZRA”) released the due dates and associated penalties for the purposes of provisional income tax...

Sweden Updates CbC reporting guideline

March 20, 2022

On 14 March 2022, the Swedish Tax Agency updated the country-by-country reporting (CbC) guidelines for multinational companies (MNEs). The guidelines...

Sweden: Administrative court rules in favor of the taxpayer in TP case

March 17, 2022

On 28 February 2022, the Swedish Administrative Court announced its ruling and have supported Pandox AB claim in the company’s...

Singapore: Corporate tax proposals under budget 2022

March 17, 2022

Recently, the Minister of Finance presented the 2022 budget to Parliament. The main corporate tax proposals are summarized below: The...

World Tax Brief: March 2022

March 10, 2022

Ecuador Incentive for industry/manufacturing: On 22 February 2022, the Ecuadorian government presented a bill in the National Assembly that introduced...

Russia introduces tax exemption for IT sector

March 8, 2022

On 2 March 2022, the President of Russia signed Decree  No. 83 (“the Edict”). The decree provides several tax incentives...

Russia increases the interest rates to 20%

February 28, 2022

On 28 February 2022, the Russian Central Bank has announced the decision to increase the key rate from 9.50% to...

Germany publishes draft law on the interest rate for late payment

February 28, 2022

On 23 February 2022, the Treasury Department published a bill that would provide a reduced rate of interest on overpayments...