Posts by Sabia Liza

Pakistan: FBR extends the deadline for digital payments by corporate sector

November 10, 2021

On 1 November 2021, the Federal Board of Revenue (FBR) has extended the deadline for digital payments by the corporate...

Vietnam issues decree on additional tax support measures for 2021

November 10, 2021

On 27 October 2021, the Department of Taxation (GDT) published Decree No. 92/2021 / ND-CP of 27 October 2021, which...

Japan signs exchange of notes on arbitration with Denmark

November 9, 2021

On 5 November 2021, the Japanese Ministry of Finance announced an exchange of notes with Denmark regarding the entry into...

World Tax Brief: November 2021

November 8, 2021

Belgium  Interest on late payments: On 27 October 2021, the Federal Public Service has published the late payment interest for...

Portugal: Parliament rejects 2022 Budget Bill

November 4, 2021

On 27 October 2021, the Portuguese parliament rejected the government’s 2022 budget bill (Bill 116/XIV/3). The draft bill was submitted...

Singapore: IRAS updates e-Tax Guide on DTA to address arbitration procedure

October 31, 2021

On 23 October 2021, the Inland Revenue Authority of Singapore (IRAS) issued an updated edition of its e-tax guide on “avoidance of...

Germany publishes court ruling on the arm’s-length interest rate on intercompany loans

October 27, 2021

On 21 October 2021, the German Ministry of Finance released Tax Court Decision No. IR 4/17(dated 18 May 2021), regarding...

Portugal introduces corporate tax credit due to COVID 19

October 26, 2021

On 11 October 2021, the Portuguese government submitted the draft budget for 2022 to the parliament. The main corporate tax...

Russia increases the interest rate from October 2021

October 25, 2021

On 22 October 2021, the Russian Central Bank has announced the decision to increase the key rate from 6.75% to...

Russia: MOF publishes Tax Policy guidelines for 2022-2024

October 23, 2021

On 27 September 2021, the Ministry of Finance has reportedly issued the tax policy guidelines for 2022-2024, which includes the...

India: CBDT exempts certain non-residents from furnishing ITR

October 21, 2021

On 11 October 2021, the Central Board of Direct Taxes (CBDT) published Notification No. 119/2021, providing an exemption to certain nonresidents...

Denmark: Parliament considers bill to relax rules on TP documentation

October 18, 2021

On 6 October 2021, the Danish parliament is taking into account draft bill L 7, which proposed an amendment to...

Vietnam publishes special investment incentive policy

October 15, 2021

On 6 October 2021, Vietnam’s government issued Decision No. 29/2021/QD-TTG (Decision 29) on Special Investment Incentives to facilitate more high-tech...

Austria releases the new transfer pricing guideline for 2021

October 11, 2021

On 7 October 2021, the Austrian Ministry of Finance published the updated Austrian Transfer Pricing Guidelines (Austrian Guidelines) 2021. The...

Sweden proposes the Budget Bill for 2022

October 10, 2021

On 20 September 2021, the Ministry of Finance has proposed the Budget Bill for 2022. The budget includes the following...

Singapore: IRAS simplifies CIT filing 2021

October 10, 2021

The Inland Revenue Authority of Singapore (IRAS) partnered with the tax community and government agencies to simplify Corporate Income Tax...

World Tax Brief: October 2021

October 7, 2021

Argentina Withholding tax on dividends: On 26 August 2021, the Federal Public Revenue Administration (AFIP) published General Resolution 5060/2021 to...

India extends the validity of transfer pricing safe harbor rules

October 4, 2021

On 24 September 2021, the CBDT issued a new Notification No. 117/2021, to extend the applicability of the transfer pricing...