Tax Treaty News: December 2021
Korea (Rep.) and TajikistanOn 29 November 2021, Tajikistan and Korea (Rep.) signed an amending protocol to update the Double Taxation Agreement (DTA) between them.Ivory Coast and UAEOn 25 November 2021, Emirates News Agency announced that, the
See MoreWorld Tax Brief: December 2021
AustriaMain corporate tax rate: On 8 November 2021, the Austrian Federal Ministry of Finance (MOF) published a draft law on the eco-social tax reform bill 2022. Subsequently, the corporate tax rate will reduce from 25% to 24% in 2023 and from 24%
See MoreTransfer Pricing Brief: December 2021
AustraliaCbC reporting requirement-Deadlines: On 18 November 2021, the Australian Taxation Office (ATO) announced that country-by-country (CbC) reporting entities that have a CbC reporting obligation due by 31 December 2021 will now have until 4
See MoreTax Treaty News: November 2021
Armenia, Malta and Singapore On 28 October 2021, the Armenian National Assembly approved to ratify the Double Taxation Agreement (DTA) with Singapore and Malta.Kosovo and LatviaOn 26 October 2021, Mr. Egils Levits, the President of Latvia
See MoreTransfer Pricing Brief: November 2021
AustriaDocumentation-Requirement: On 7 October 2021, the Austrian Ministry of Finance published the updated Austrian Transfer Pricing Guidelines (Austrian Guidelines) 2021. The guideline provided guidance for those companies which fall under the
See MoreTax Treaty News: October 2021
Botswana and FranceOn 29 September 2021, the French government announced the amending protocol to the Double Taxation Agreement (DTA) between Botswana and France has entered into force on 1 January 2021. The amending protocol applies from 1 July
See MoreWorld Tax Brief: October 2021
ArgentinaWithholding tax on dividends: On 26 August 2021, the Federal Public Revenue Administration (AFIP) published General Resolution 5060/2021 to update previous General Resolution 4478/2019. Accordingly, this update eliminates the alternative
See MoreTransfer Pricing Brief: October 2021
BotswanaDocumentation-Thresholds: On 1 September 2021, the General Commissioner published a ruling which sets the threshold for the preparation and submission of transfer pricing documentation. Accordingly, the obligation to prepare and submit
See MoreTax Treaty News: September 2021
Netherlands and Ukraine On 31 August 2021, the amending protocol to the Double Taxation Agreement (DTA) between the Netherlands and Ukraine was entered into force. The protocol will apply from 1 January 2022.Kosovo and LithuaniaOn 25 August
See MoreWorld Tax Brief: September 2021
Botswana Withholding tax rates: On 30 June 2021, the Minister of Finance and Economic Development enacted the budget for 2021/22. Accordingly, the general withholding tax rate increased from 7.5% to 10% on dividends paid to both resident and
See MoreTransfer Pricing Brief: September 2021
ChinaAPAs-Unilateral: On 26 July 2021, the State Administration of Taxation (SAT) issued Announcement No. 24 (2021) that finalizes a simplified procedure for unilateral advance pricing arrangements (APAs), which will come into effect on 1 September
See MoreTax Treaty News: August 2021
Germany and UAEOn 31 December 2021, the Double Taxation Agreement (DTA) between Germany and the United Arab Emirates (UAE) will terminate according to an update from the German Ministry of Finance.Ethiopia and SwitzerlandOn 29 July 2021, the Double
See MoreWorld Tax Brief: August 2021
ArgentinaE -filing: On 22 July 2021, the Federal Finance Administration (AFIP) officially published a resolution announcing that online payment service providers will have to comply with a new information regime for electronic payment processing
See MoreTransfer Pricing Brief: August 2021
AustraliaLocal file-General rule: The Australian Taxation Office (ATO) has provided 31 December 2020 early balancing entities additional time until 30 August 2021 to lodge Part A of their 2021 local file if they indicate in their tax return they
See MoreTax Treaty News: July 2021
Hungary and Kyrgyzstan On 30 June 2021, Kyrgyzstan's Parliament approved a bill ratifying the Double Taxation Agreement (DTA) with Hungary.Ethiopia and LuxembourgOn 29 June 2021, the Double Taxation Agreement (DTA) between Ethiopia and
See MoreWorld Tax Brief: July 2021
ArmeniaIncentives on industry and manufacturing: On 26 May 2021, the Parliament of Armenia has approved a bill on extending the tax incentives for exporters to 31 December 2029. The provided incentive was scheduled for 31 December 2021 for resident
See MoreTransfer Pricing Brief: July 2021
ArgentinaTransfer pricing information return: On 18 June 2021, the Federal Administration of Public Revenues (AFIP) officially published General Resolution 5010/2021, which extends the deadline for filing transfer pricing reports and related forms
See MoreWorld Tax Brief: June 2021
Argentina Incentives for small business: On 17 May 2021, the Federal Administration of Public Revenue (AFIP) published a General Resolution 4992/2021 of 17 May 2021 to extend a payment facility for small and medium enterprises (SMEs). This payment
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