Argentina: AFIP provides additional suspension regarding inspections, assessments, appeals
In response to corona virus pandemic, on 13 October 2020, the Federal Administration of Public Revenue (AFIP) published General Resolution 4835 of 13 October 2020, providing an additional suspension up to 25 October 2020 regarding inspections,
See MoreUruguay extends estimated tax payment deadline
On 14 October 2020, the tax Authority of Uruguay published Resolution No. 1.898/020, extending the deadline for making estimated tax payments of corporate income tax (CIT), net wealth tax and corporation control tax to December 2020
See MoreUruguay declares tax exemption for software development services
The tax authority of Uruguay has issued Resolution No. 1716 to exempt corporate tax for income from software development services. Particularly, the tax authority permitted taxpayers to include, in their expenses and direct costs incurred in
See MoreSaudi Arabia: GAZT extends tax relief measures up to 31 December 2020
On 6 October 2020, the General Authority of Zakat and Tax (GAZT) of Saudi Arabia has issued a press release, through which they cancel the fines and exemption from financial penalties for taxpayers until 31 December 2020 in response to the
See MoreCzech Republic: Finance Ministry declares the extension of COVID-19 tax relief
On 14 October 2020, the Finance Ministry announced that a large liberation packages are extended in response to coronavirus pandemic. The package includes delay of tax payments by companies whose primary activity falls into an area targeted by the
See MoreRomania introduces installment option for unpaid tax in response to Covid-19 outbreak
On 4 October 2020, the Ministry of Finance of Romania declared a tax payment installment option for companies that have been affected by the Covid-19 pandemic and have unpaid tax liabilities that arose after 16 March 2020. The installment option
See MoreNigeria: President presents 2021 Budget proposals
On 8 October 2020, the President, Muhammadu Buhari, presented the Federal Budget proposals for the year 2021 at the Joint Session of the National Assembly. The recent developments in this draft Budget includes: The draft 2021 Budget, themed
See MoreIreland: Finance Minister delivers 2021 Budget Statement
On 13 October 2020, the Finance Minister, Paschal Donohoe, presented the 2021 Budget Statement. The Budget basically underpins the Government’s support for the economy in the face of Covid-19 pandemic. Some of the tax measures included in the
See MoreNorth Macedonia declares Fourth round of tax relief measures amid Covid-19 outbreak
On 24 September 2020, the Ministry of Finance has issued a release announcing the adoption of the fourth round of relief measures in response to the Covid-19 pandemic. The key tax measures are following: The reduction of interest rate
See MoreFrance: Government publishes draft Finance Bill for 2021
On 28 September 2020, the Council of Ministers adopted the French Budget Bill for 2021 or Finance Bill 2021. The draft Bill also includes the recovery plan to restore the economy following the coronavirus pandemic. French Parliamentary discussions
See MorePeru extends tax deferral applications submitting deadline due to COVID-19
On 28 September 2020, the Peruvian tax authorities (SUNAT) issued Supreme Decree No. 285-2020-EF in the Official Gazette. The Decree extends tax deferral applications submitting deadline to 31 December 2020 from 30 September 2020 due to the
See MoreMalta: CFR extends DAC6 notification deadline for non-disclosing intermediaries
On 18 September 2020, the Maltese Commissioner for Revenue (CFR) has notified that due to the deferral of the reporting deadlines as a result of the COVID-19 pandemic, the period allowed for notification by non-disclosing intermediaries is being
See MorePhilippines: BIR issues a Circular to extend the deadline of Form BIR 1709
On 15 September 2020, the Bureau of Internal Revenue (BIR) published Revenue Memorandum Circular (RMC) No. 98-2020 to extend the submission deadline of related party transaction Form, or the Form BIR 1709. The initial extended due date is 30
See MoreUruguay extends additional advance payment deadline for August 2020
The Directorate General of Taxation (DGI) of Uruguay has announced Resolution No. 1626/2020 of 9 September 2020 concerning additional advance payment deadline extensions in response to the Covid-19 pandemic. The taxpayers with taxable gross
See MoreAlgeria: Government provides policy measures amid COVID-19 pandemic
Due to COVID-19 pandemic, the Government is tackling by an oriented policy and a number of measures dedicated particularly to small business and small and medium enterprises (SMEs). The measures are given below: Postponement of the annual tax
See MoreThailand reduces transfer pricing penalty amid Covid-19 pandemic
On 9 September 2020, the Revenue Department of Thailand announced to reduce fine for the late submission of the annual transfer pricing disclosure from THB 200,000 to THB 5,000 due to the Covid-19 pandemic, provided that the transfer pricing
See MoreSingapore publishes transfer pricing guidance in response to the Covid-19 outbreak
On 8 September 2020, the Inland Revenue Authority of Singapore updated its website by including guidance regarding transfer pricing in response to the Covid-19 pandemic. The guidance is provided in a following question and answering
See MoreChile: Government publishes Law regarding new COVID-19 tax incentives package
On 2 September 2020, Government Officially published Law 21.256 regarding new COVID-19 tax incentive packages for those who are badly affected by coronavirus pandemic. Previously, on 18 August 2020, the Senate approved this Bill. The measures
See More