Posts by Sabia Liza

Ecuador introduces a new regime for investors

February 27, 2022

On 22 February 2022, the Ecuadorian government presented a bill in the National Assembly that introduced a new regulation for...

Vietnam signs MLI to implement tax treaty related BEPS measures

February 25, 2022

On 9 February 2022, Vietnam signed the Multilateral Convention to Implement Tax Treaty-Related Measures to Prevent BEPS (the MLI). The...

Denmark amends the transfer pricing documentation rules

February 16, 2022

On 31 January 2022, the Danish Ministry of Finance issued updated guidance regarding amendments to the transfer pricing rules requiring...

Slovenia updates the TP guidelines

February 15, 2022

On 31 January 2022, the Slovenian Ministry of Finance updated the transfer pricing (TP) guidelines. The revised guidance includes the...

Russia increases the interest rate from February 2022

February 15, 2022

On 14 February 2022, the Russian Central Bank has announced the decision to increase the key rate from 8.50% to...

Lithuania publishes form for reportable cross-border arrangements

February 10, 2022

On 17 January 2022, the State Tax Inspectorate issued Order No. VA-7 of 14 January 2022, amending the rules for...

Germany proposes further extensions of several fiscal measures for the COVID-19

February 10, 2022

On 3 February 2022, the German Ministry of Finance has introduced a bill that provides further measures to support taxpayers during...

World Tax Brief: February 2022

February 9, 2022

Algeria Incentives on industry/manufacturing: On 30 December 2021, the Finance Ministry Officially published the 2022 Finance Law. Accordingly, qualifying manufacturing...

Singapore publishes TP Guidelines on indicative margin for related-party loans

February 2, 2022

On 4 January 2022, the Singaporean Inland Revenue Authority updated transfer pricing guidelines to set the 2022 indicative margin at...

India: Finance Minister introduces the Budget for 2022-23

February 1, 2022

On 1 February 2022, the Union Budget for 2022-23 was presented by the Finance Minister Ms. Nirmala Sitharaman. The budget...

India: CBDT further extends due dates of certain tax returns

January 27, 2022

On 11 January 2022, the Central Board of Direct Taxes (CBDT) has extended the filing of income tax returns and...

Bulgaria approves amendments to the CIT Act

January 27, 2022

On 20 January 2022, the Bulgarian Parliament passed the draft law amending and supplementing the Corporate Income Tax Act (CITA)....

Lithuania adopts important tax law changes

January 18, 2022

On 7 December 2021, the Lithuanian Parliament adopted several important amendments to the Law (No.IX-675) on the Corporate Income Tax...

World Tax Brief: January 2022

January 13, 2022

Armenia  Interest received: On 14 December 2021, the Armenian Central Bank has announced the decision to increase the key rate...

Singapore updates Order on CbC Exchange of Multilateral Agreement

January 13, 2022

On 21 December 2021, Singapore published the Income Tax (International Tax Compliance Agreements) (Multilateral Competent Authority Agreement on The Exchange...

Bulgaria announces fines for administrative violations will be 20% lower

January 1, 2022

On 29 December 2021, the National Revenue Agency (NRA) announced that taxpayers fined for administrative violations of tax laws can...

Malaysia: Tax exemption on income from foreign sources

December 31, 2021

On 30 December 2021, the Ministry of Finance (MoF) announced that foreign source income derived by resident taxpayers will be...

Cyprus amends corporate tax residency test

December 30, 2021

On 21 December 2021, an amendment to the Income Tax Law was published in the Cyprus Government Gazette. In accordance...