Puerto Rico extends the due date for filing annual corporate reports for 2020
On 20 September 2021, the Puerto Rico Department of State has issued Administrative Order 2021-05, extending the due date to 22 November 2021 for filing annual corporate reports for 2020 due to the ongoing Covid-19 pandemic. Previously, taxpayers
See MoreFrance: Government presents 2022 Finance Bill to National Assembly
On 22 September 2021, the Minister of Economy, Finance and Recovery, Bruno Le Maire and the Minister Delegate in charge of Public Accounts, Olivier Dussopt, presented 2022 Finance Bill to the National Assembly. Some of the proposed changes of this
See MoreUkraine: MOF approves three Orders on transfer pricing and other taxes
On 20 August 2021, the Ukraine Ministry of Finance announced the issuance of three orders that approve tax clarifications/consultations on: Issues of taxation of income of non-residents, which are equated to dividends (Order №
See MoreThailand: BOI approves measures to accelerate carbon reduction
The Thailand Board of Investment (BOI) approved incentives to encourage companies to reduce greenhouse gas emission as well as an enhanced scheme for electric vehicles and measures to mitigate Covid-19 impacts and support local vaccine
See MoreThailand extends CIT return filing deadline
The Thai Ministry of Finance (MOF) has extended the deadlines for electronic filing of corporate income tax (CIT) return in response to the Covid-19 pandemic. The corporate income tax return (PND 50, 52 and 55), financial statements and the
See MoreHong Kong: IRD issues guidance on tax matters arising from the COVID-19 Pandemic
On 29 July 2021, the Inland Revenue Department (IRD) of Hong Kong issued guidance examining certain tax issues arising from the coronavirus (COVID-19) pandemic. IRD noted that their approach in relation to the tax issues is generally in
See MoreKorea: MOEF proposes Tax Revision Bill 2021
On 26 July 2021, South Korea’s Ministry of Economy and Finance (MOEF) has issued an overview of the proposed Tax Revision Bill 2021 to support new industries and employment, as well as inclusive growth. The Tax Revision Bill 2021 includes the
See MoreEcuador: SRI extends administrative deadlines due to COVID-19 pandemic
In this COVID-19 outbreak, on 29 July 2021, the Internal Revenue Service (SRI) published Resolution NAC-DGERCGC21-00000036. The SRI extends the suspension of the periods and terms of all tax administrative processes and the limitation periods of
See MoreIndonesia: DGT extends COVID-19 support measures to December 2021
The Indonesian Directorate General for Taxes (DGT) has extended the COVID-19 support measures to 31 December 2021, which had previously been extended to 30 June 2021 by Regulation No. 239 / PMK.03 / 2020. The changes are made by Regulation No. 82
See MoreNetherlands extends tax payment deadline on request
The Dutch government has announced to extend the period during which taxpayer can request a special tax payment extension from the Tax and Customs Administration until 1 October 2021. There are several possible situations: You already applied
See MoreIndia further extends the deadlines of tax compliances due to COVID-19
On 25 June 2021, India’s Central Board of Direct Taxes (CBDT) has issued Notifications No. 74 and No. 75, Circular No. 12/2021 granting further extension in timelines of certain tax compliances related to corporate taxation
See MorePortugal extends CIT return submission deadline and preparation of TP documentation
According to the Order No. 191/2021-XXII of 15 June 2021, Portugal has extended the tax compliance deadlines in response to the Covid-19 pandemic, as follows: The annual corporate tax return (Modelo 22) submission and respective payment deadline
See MoreDominican Republic: DGII publishes additional tax relief during COVID-19 pandemic
On 16 June 2021, the Directorate General of Internal Revenue (DGII) Officially published Resolution No. DDG- AR1-2021-00006, which includes additional relief such as companies whose income for the fiscal year 2020 do no in excess of DOP
See MoreColombia further extends the payment deadline for micro and small companies
On 4 June 2021, the Colombian Ministry of Finance and Public Credit has published Decree No. 612 by which the corporate income tax payment of micro and small companies has been extended amid the COVID-19 pandemic. Previously, Decree No.
See MoreLithuania: Government approves the revised budget support measures for COVID-19
On 26 May 2021, the Lithuanian government has approved the revised draft State budget for 2021 including certain support tax measures due to COVID-19 pandemic. Business that incurred losses in the period 2020 can utilize losses to offset taxable
See MoreHungary: MOF extends filing deadline of corporate return
On 21 April 2021, the Finance Ministry of Hungary published a Decree extending filing deadlines for all major business income tax returns due to COVID-19. Accordingly, annual returns for corporate income tax, local business tax, and energy
See MoreThailand extends deadline for corporate income tax return
On 30 April 2021, the Thai Ministry of Finance announced an extension of the deadline for filing the annual corporate income tax return (PND.50) and for paying the related tax to 30 June 2021 from May 2021 in response to the Covid-19 pandemic. The
See MorePoland: Tax authority extends TPD deadlines due to COVID-19
On 19 April 2021, the Polish tax authority announced an extension of the transfer pricing documentation deadlines that was advised under the Act of March 30, 2021. Extending the deadline for submitting information on transfer pricing:by 30
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