World Tax Brief: August 2023
Albania Liability to Tax: Albania's Parliament approved Law no. 36/2023, to foster tech and innovation start-ups. The law supports "digital nomads" foreign professionals using technology provide their professional services on behalf of
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Tax Treaty Brief: July 2023
Cyprus and Netherlands On 30 June 2023, the Double Taxation Agreement (DTA) between Cyprus and the Netherlands entered into force. The DTA contains withholding tax rates for Dividends 0% for at least 5% capital holding; otherwise, 15%,
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World Tax Brief: July 2023
Czech Republic Rates-Special tax rate: The Ministry of Finance of the Czech Republic has released a proposed bill in accordance with EU directive on global minimum tax that outlines the implementation of the top-up tax for tax periods
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Transfer Pricing Brief: July 2023
Brazil Scope of transfer pricing rules: On 14 June 2023, the president signed the Law No. 14,596 adopting Provisional Measure No. 1,152, which enacts significant changes to the Brazilian transfer pricing system that is aligned with the
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Tax Treaty Brief: June 2023
Slovenia and Switzerland On 30 May 2023, Slovenia and Switzerland officially signed an amending protocol to update the Double Taxation Agreement (DTA) between the two nations. The primary objective of this protocol is to ensure that the DTA
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World Tax Brief: June 2023
Albania Liability to Tax: On 2 May 2023, the Law No. 29/2023 of 30 March 2023 (the new law) was published in the official gazette, effective on 1 January 2024. The new law will replace Law No. 8438 of 28 December 1998. The new law introduces
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Transfer Pricing Brief: June 2023
Bolivia Filing deadlines: On 28 April 2023, the Bolivian National Tax Service published a Resolution No. 102300000014 extending the corporate income tax (IUE) reporting deadline for the tax year ending 31 December 2022 to 31 May 2023. See
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Tax Treaty Brief: May 2023
Hong Kong and Mauritius On 26 April 2023, the Chief Executive in Council of Hong Kong issued an Order to implement the provisions of the Double Taxation Agreement (DTA) with Mauritius. Czech Republic and Kosovo On 20 April 2023, the
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World Tax Brief: May 2023
Algeria Tax Compliance-Submission of returns: The Algerian Directorate General of Taxes (DGI) has declared the deadline for filing tax returns for 2022. Accordingly, the deadline for the 2022 tax return is extended to 31 May 2023. See the
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Transfer Pricing Brief: May 2023
Algeria Filing deadlines: The Algerian Directorate General of Taxes (DGI) has extended the deadline for filing corporate tax returns to 31 May 2023 for the tax year 2022. See the story in Regfollower Brazil Scope of transfer pricing
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Tax Treaty Brief: April 2023
Denmark and France On 28 March 2023, Denmark ratified the new Double Taxation Agreement (DTA) with France, as published in the Danish official gazette. The DTA contains withholding tax rates for Dividends 0% for at least 10% capital holding;
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World Tax Brief: April 2023
Australia Tax Compliance: The Australian Taxation Office (ATO) has released the Reportable Tax Position (RTP) schedule for 2023. To determine whether a company needs to file an RTP schedule, they must conduct a self-assessment. Companies that
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Transfer Pricing Brief: April 2023
Australia Restriction on interest deduction: On 16 March 2023, the Australian Treasury issued the Exposure Draft on the earnings before interest, taxes, depreciation, and amortization interest limitation rules (EBITDA). Consultation closes on
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World Tax Brief: March 2023
El Salvador Sanctions for non-compliance-Late payments of tax due: The Ministry of Finance of El Salvador has announced annual interest rate of 6.35% for late tax payments from 1 February 2023 to 31 July 2023. The interest rate will be
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Tax Treaty Brief: March 2023
Andorra and Iceland On 28 February 2023, the Double Taxation Agreement (DTA) between Andorra and Iceland was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Egypt and
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Transfer Pricing Brief: March 2023
Cyprus Documentation-Local file/Master file: On 10 February 2023, the Cyprus Tax Department published a set of Frequently Asked Questions (FAQs) aiming to clarify certain provisions of the new transfer pricing rules approved in June 2022 with
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World Tax Brief: February 2023
Albania Rates-Special tax rate: On 18 January 2023, Albania gazettes Law 98/2022 regarding introduction of a temporary windfall tax on energy producers. This windfall tax is imposed at a rate 50% on excess income on the sale of electricity at
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Tax Treaty Brief: February 2023
Belarus and Zimbabwe On 31 January 2023, the Double Taxation Agreement (DTA) between Belarus and Zimbabwe was signed. The DTA contains withholding tax rates for Dividends 5% for at least 20% capital holding; otherwise, 15%, Interest 10%, and
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