World Tax Brief: December 2020
BelgiumFiling return: On 12 November 2020, the Belgian Minister of Finance announced a further extension of the filing corporate income tax returns to 30 November 2020 for the Assessment Year 2020.See the story in RegfollowerBulgariaFiling return:
See MoreTransfer Pricing Brief: December 2020
AustraliaCbC reporting requirement/Master File/Local File: The Australian Taxation Office (ATO) has issued a notice declaring a lodgment deferral until 29th January 2021 for the Local file, Master file, and Country-by-Country (CbC) report for the
See MoreTax Treaty News: November 2020
Turkey and Ukraine On 30 November 2020, the amending protocol to the Double Taxation Agreement (DTA) between Turkey and Ukraine will enter into force and applies from 1 January 2021. Korea (Rep.) and Switzerland On 28 October
See MoreWorld Tax Brief : November 2020
AustraliaIncentive for Industry/manufacturing: On 9 October 2020, the Australian Prime Minister published a press release announcing the approval of the measures for the 2020-21 budgets. To support new investments and increase business cash flow,
See MoreTransfer Pricing Brief: November 2020
AustriaScope of transfer pricing rules: On 21 October 2020, the Finance Ministry published final guidance of cross border arrangements (DAC6) including definition of terms, reportable arrangements, hallmarks and main benefit test, deadlines for
See MoreTax Treaty News: October 2020
Hungary and Kyrgyzstan On 29 September 2020, the Double Taxation Agreement (DTA) between Hungary and Kyrgyzstan was signed in Budapest. Chile, Egypt, UAE and ZambiaOn 27 September 2020, the Cabinet of the United Arab Emirates (UAE)
See MoreWorld Tax Brief: October 2020
AlgeriaSubmission of returns: Due to the COVID-19 pandemic, the Government provides policy measures for small business and SMEs. The subscription deadline for the annual results declaration (balance sheet and appendices) is extended until 30 June
See MoreTransfer Pricing Brief: October 2020
AustraliaSpecial rules for hybrid instruments or entities: On 3 September 2020 amending legislation to clarifying the operation of the hybrid mismatch rules (amending legislation) received royal assent. The rules designed to prevent multinational
See MoreTax Treaty News: September 2020
Hong Kong and Serbia The Double Taxation Agreement (DTA) between Hong Kong and Serbia was signed in Hong Kong on 27 August 2020 and in Belgrade on 14 August 2020.Bahrain, Kuwait and SwitzerlandOn 26 August 2020, the Swiss Federal Council
See MoreWorld Tax Brief: September 2020
AngolaGAAR: The Government Officially published a Law to introduce a general anti-abuse rule allowing the tax authorities to disregard for tax purposes any acts aimed at obtaining a tax advantage with abuse of legal forms, and to apply standards of
See MoreTransfer Pricing Brief: September 2020
AustraliaFinancial transactions-Restriction on interest deduction: On 12 August 2020, the Australian Taxation Office (ATO) released its finalized practical guidance dealing with the application of the arm’s length debt test (ALDT) which applies
See MoreTax Treaty News: August 2020
Kosovo and Saudi ArabiaOn 1 August 2020, the Double Taxation Agreement (DTA) between Kosovo and Saudi Arabia was entered into force and applies from 1 January 2021. The DTA contains Dividends rate 5%, Interest rate 5%, and Royalties rate
See MoreWorld Tax Brief: August 2020
ArgentinaDue dates main corporate income tax: The Federal Administration of Public Revenue made an extension in the deadline to apply for the tax payment facility from 30 June 2020 to 31 July 2020.See the story in RegfollowerAustraliaReduced rate:
See MoreTransfer Pricing Brief: August 2020
ArgentinaTransfer pricing information return: On 13 July 2020, the Federal Administration of Public Revenue (AFIP) published General Resolution 4759/2020 of 8 July 2020, which make slight amendments in the transitional submission deadlines of the
See MoreTax Treaty News: July 2020
Mauritius and Zambia On 22 June 2020, the Zambian Cabinet approved the termination of the Double Taxation Agreement (DTA) with Mauritius. The Cabinet has desire to renegotiate another DTA with Mauritius.Estonia and Mauritius On 18 June
See MoreWorld Tax Brief: July 2020
ArgentinaPayment of tax: The Federal Administration of Public Revenue declared that application for including to the new tax payment facility regime needs to be done by 30 June 2020. The first installment will expire on 16 July 2020.See the story
See MoreTransfer Pricing Brief: July 2020
ArgentinaTransfer pricing information return: On 5 June 2020, the Federal Administration of Public Revenue (AFIP) Officially published a General Resolution No. 4733 of 4 June 2020 to file affidavits under transfer pricing rules and postpones the
See MoreWorld Tax Brief: June 2020
AustraliaFiling return: The Australian taxation office extended the lodgment day for 2018–19 company tax returns until 5 June 2020, which were due on 15 May 2020.See the story in RegfollowerBoliviaFiling return: On 9 May 2020, the National Tax
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