Posts by Sabia Liza

Russia increases the interest rate from December 2021

December 20, 2021

On 17 December 2021, the Russian Central Bank has announced the decision to increase the key rate from 5% to...

Armenia increases the interest rate from December 2021

December 17, 2021

On 14 December 2021, the Armenian Central Bank has announced the decision to increase the key rate from 7.25% to...

Portugal publishes new APA rules

December 10, 2021

On 26 November 2021, the Portuguese Tax Administration (PTA) was published Ministerial Order No. 267/2021 which revises the regulations on the...

Portugal publishes new transfer pricing Legislation

December 10, 2021

On 26 November 2021, the Portuguese Tax Administration (PTA) published Order No. 268/2021, which replaces Regulation No. 1446-C / 2001...

Zambia proposes transfer pricing changes

December 9, 2021

On 29 October 2021, the Zambian government has presented the budget for 2022 to the Parliament. The budget proposes a...

World Tax Brief: December 2021

December 8, 2021

Austria Main corporate tax rate: On 8 November 2021, the Austrian Federal Ministry of Finance (MOF) published a draft law...

Russia proposes a 0% CIT Rate to specific sectors

December 8, 2021

On 25 November 2021, the Ministry of Finance (MoF) submitted Bill No. 25126-8 to Parliament. The law provides for a...

India: CBDT notifies the arm’s-length pricing variation limit for 2021-22

December 6, 2021

On 29 October 2021, the Central Board of Direct Taxes (CBDT) has published Notification No. 124/2021, which provides for a...

Singapore enacts Income Tax (Amendment) Act 2021

November 30, 2021

On 16 November 2021, the Income Tax (Amendment) Act 2021 came into force. The Act gives effect to 2021 Budget...

Denmark approves the bill to relax rules on TP documentation

November 30, 2021

On 25 November 2021, the Danish Parliament passed Draft Law No. L7, which largely abolishes the obligation to include domestically,...

Russia: MOF publish clarification guidance for TP purposes

November 29, 2021

On 18 November  2021, the Russian Ministry of Finance (MoF) published a Guidance Letter No. 03-03-07/85525 clarifying  that a loan...

Russia proposes a simplified tax system for small businesses

November 28, 2021

On 18 November 2021, the Russian government has submitted a draft bill to the parliament proposing the introduction of an...

Portugal: Tax Agency extends certain payment deadlines

November 19, 2021

On 10 November 2021, the Portuguese Tax and Customs Authority issued Order No. 351/2021-XXII, announcing payment deadline changes for 2021...

Poland: President signs new tax bill into Law

November 18, 2021

On 15 November 2021, the President signed into the Law a bill referred to as “Polski Ład” introducing, amongst others,...

Germany publishes court decisions concerning the intercompany loans

November 17, 2021

On 4 November 2021, The German Ministry of Finance (MoF) published Tax Court Decision No. IR 32/17of 9 June 2021,...

Zambia proposes the Budget for 2022

November 17, 2021

On 29 October 2021, the Minister of Finance and National Planning, the Honorable Dr. Situmbeko Musokotwane, presented the Budget for...

Vietnam publishes draft Decree on supporting industries

November 14, 2021

Recently, the Ministry of Industry and Trade has proposed to finalize the draft decree amending Decree No. 111/2015 / ND-CP...

Austria: Ministry of Finance proposes the tax reform for 2022

November 11, 2021

On 8 November 2021, the Austrian Ministry of Finance has proposed a draft bill on the ecosocial tax reform 2022...