Tax Treaty News: June 2022
Brazil and China On 23 May 2022, an amending protocol to the Double Taxation Agreement (DTA) between Brazil and China was signed to update the agreement. Russia and Ukraine On 22 May 2022, the Ukrainian parliament approved the bill
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World Tax Brief: June 2022
Argentina Filing return: On 28 April 2022, the Federal Public Revenue Administration published General Resolution 5189/2022 of 28 April 2022, which extends the submission deadline of the corporate tax returns to between 23 and 26 May
See MoreTransfer Pricing Brief: June 2022
ArgentinaFiling deadlines: On 28 April 2022, the Federal Public Revenue Administration (AFIP) published General Resolution 5189/2022 of 28 April 2022, which extends the submission deadline of corporate tax return to between 23 and 26 May 2022.See
See MoreTax Treaty News: May 2022
Netherlands and Poland On 30 April 2022, the amending protocol to the Double Taxation Agreement (DTA) between Netherlands and Poland was entered into force. The protocol will apply from 1 January 2023. Iraq and Turkey On 26 April
See MoreWorld Tax Brief: May 2022
ArgentinaPayment of tax: On 30 March 2022, the Federal Public Revenue Administration published a General Resolution which extends payment facilities for small and medium enterprises that is taxpayer’s preferential installment terms and interest
See MoreTransfer Pricing Brief: May 2022
BulgariaCompliance with BEPS standards: On 15 April 2022, Parliament is considering a bill to ratify the Multilateral Convention Implementing Tax Treaty-Related Measures to Prevent Base Erosion and Profit Shifting (MLI).See the story in
See MoreTax Treaty News: April 2022
Chile and US On 29 March 2022, the United States (US) Senate approved the Double Taxation Agreement (DTA) with Chile for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Guyana
See MoreWorld Tax Brief: April 2022
China Tax payment: On 28 February 2022, the Ministry of Finance and State Administration of Taxation of China jointly issued Announcement No. 2 of 2022 extending the tax payment deferral policy for SMEs, especially in the manufacturing
See MoreTransfer Pricing Brief: April 2022
AngolaDocumentation-Requirement: On 15 March 2022, the Ministry of Finance of Angola has issued Order No. 1083/22 through which the list of the large taxpayers has been revised subject to the preparation of transfer pricing (TP) documentation.See
See MoreTax Treaty News: March 2022
Cambodia and Turkey On 27 February 2022, the Double Taxation Agreement (DTA) between Cambodia and Turkey was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Israel and
See MoreWorld Tax Brief: March 2022
EcuadorIncentive for industry/manufacturing: On 22 February 2022, the Ecuadorian government presented a bill in the National Assembly that introduced a new tax regime for special economic zones (SEZs) to attract investments. The proposed regime
See MoreTransfer Pricing Brief: March 2022
DenmarkDocumentation-Timing and deadlines: On 31 January 2022, the Danish Ministry of Finance issued updated guidance regarding amendments to the transfer pricing rules requiring the submission of the transfer pricing documentation within 60 days
See MoreTax Treaty News: February 2022
Sri Lanka and Turkey On 28 January 2022, the Double Taxation Agreement (DTA) between Sri Lanka and Turkey was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Argentina
See MoreWorld Tax Brief: February 2022
AlgeriaIncentives on industry/manufacturing: On 30 December 2021, the Finance Ministry Officially published the 2022 Finance Law. Accordingly, qualifying manufacturing companies are granted a reduced corporate tax rate of 10% on profits reinvested
See MoreTransfer Pricing Brief: February 2022
ColombiaDocumentation/CbC reporting/Master file/Local file: On 20 December 2021, the Colombian Ministry of Finance and Public Credit has issued Decree 1778 specifying the deadlines for transfer pricing (TP) documentation, including local/master
See MoreTax Treaty News: January 2022
Sweden and UK On 31 December 2021, the amending protocol to the Double Taxation Agreement (DTA) between Sweden and the United Kingdom (UK) entered into force. The protocol applies from 1 January 2022. Kosovo and Netherlands On 31
See MoreWorld Tax Brief: January 2022
Armenia Interest received: On 14 December 2021, the Armenian Central Bank has announced the decision to increase the key rate from 7.25% to 7.75% with effect from December 2021. The interest rate of the Central Bank is used for the purposes of
See MoreTransfer Pricing Brief: January 2022
AustraliaSpecial rules for hybrid instruments or entities: On 16 December 2021, the Australian Taxation Office (ATO) issued Practical Compliance Guideline 2021/5 on imported hybrid mismatch rule relating to a practical administrative approach to
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