Tax Treaty News: June 2021
Costa Rica and UAEOn 9 June 2021, the Double Taxation Agreement (DTA) between Costa Rica and the United Arab Emirates (UAE) was entered into force. The DTA will apply from 1 January 2022.Israel and UAEOn 31 May 2021, the Double Taxation Agreement
See MoreTransfer Pricing Brief: June 2021
ArgentinaTransfer pricing information return: On 30 April 2021, the Federal Administration of Public Revenue (AFIP) made an announcement that it will exceptionally extend the due date of submitting transfer pricing study and Form F. 2668 from June
See MoreTax Treaty News: May 2021
Liechtenstein and Netherlands On 31 May 2021, the Double Taxation Agreement (DTA) between the Netherlands and Liechtenstein will enter into force. The DTA will apply from 1 January 2022.Oman and Qatar On 28 April 2021, the Cabinet of
See MoreWorld Tax Brief: May 2021
AlgeriaFiling return: The Directorate General of Taxes has recently issued a communiqué, which provides an extension of the filing deadline of annual tax returns (including balance sheet and appendices) 2020 until 30 June 2021 for all
See MoreTransfer Pricing Brief: May 2021
AlgeriaFiling deadlines: The Directorate General of Taxes has recently issued a communiqué, which provides extension of filing deadline of annual tax returns (including balance sheet and appendices) 2020 until 30 June 2021 for all companies.See
See MoreWorld Tax Brief: April 2021
ArgentinaMain corporate tax rate: Argentina's government is reportedly finalizing a draft bill that would provide for the introduction of new progressive corporate income tax rates. The proposed amendments to the Income Tax Law would apply to
See MoreTax Treaty News: April 2021
Belarus and Spain On 9 May 2021, the Double Taxation Agreement (DTA) between Belarus and Spain will enter into force. The DTA will apply from 9 May 2021 for withholding taxes and from 1 January 2022 for other taxes. The DTA contains Dividends
See MoreTransfer Pricing Brief: April 2021
ChileCompliance with BEPS standards: On 1 March 2021, OECD has published the updated position of signatories’ countries regarding the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting
See MoreTax Treaty News: March 2021
Japan and SpainOn 1 May 2021, the Double Taxation Agreement (DTA) between Japan and Spain will enter into force and apply from 1 January 2022. The DTA contains Dividends rate 0% for at least 10% capital holding; otherwise 10%, Interest rate 10% and
See MoreWorld Tax Brief: March 2021
ArgentinaIncentive for small business: On 26 January 2021, the Federal administration of Public Revenue published General Resolution regarding the extension of tax payment facility for small and medium enterprises from 31 January 2021 until 31
See MoreTransfer Pricing Brief: March 2021
AzerbaijanCbC reporting requirement-General rule: Recently, Azerbaijan has introduced CbC reporting requirements and notification requirements for multinational entity groups (MNE groups) headquartered or operating in Azerbaijan. The CbC reporting
See MoreWorld Tax Brief: February 2021
AlgeriaTaxation of capital gains: On 31 December 2020, the President signed the Finance Act for the year 2021. The Act introduced a 15% capital gains tax on the real estate and securities transactions and describes calculations and liability for
See MoreTax Treaty News: February 2021
Japan and PeruOn 29 January 2021, the Double Taxation Agreement (DTA) between Japan and Peru entered into force. The DTA contains Dividends rate 10%, Interest rate 10%, and Royalties rate 15%. The DTA will apply from 1 January 2022.Georgia and
See MoreTransfer Pricing Brief: February 2021
AustraliaScope of transfer pricing rules: Australian Taxation Office (ATO) expanded the definition of “significant global entity (SGE)”. The SGE concept determines whether an entity is subject to a number of tax integrity and reporting
See MoreTax Treaty News: January 2021
Romania and Spain On 14 January 2021, the Double Taxation Agreement (DTA) between Romania and Spain will enter into force. The DTA will apply from 1 January 2022. The DTA contains Dividends rate 0% for at least 10% capital holding; otherwise
See MoreWorld Tax Brief: January 2021
AustraliaTreatment of losses-carry back: The Australian Taxation Office (ATO) published guidance on the loss carry back offset relief introduced as part of measures for the 2020-21 Budget. Loss carry back provides a refundable tax offset that
See MoreTransfer Pricing Brief: January 2021
AustraliaFinancial transactions-Restriction on interest deduction: On 10 December 2020, the Australian Taxation Office (ATO) issued final transfer pricing guidance on interest-free loans between related parties, in “Schedule 3 – Interest-free
See MoreTax Treaty News: December 2020
Botswana and Czech RepublicOn 26 November 2020, the Double Taxation Agreement (DTA) between Botswana and the Czech Republic entered into force for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on
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