Denmark: Ministry of Taxation launches a public consultation regarding CFC rules
On 23 April 2021, the Ministry of Taxation announced a public consultation for amending a draft Bill L 89. This Bill proposes for an Act amending the Corporation Tax Act and the Capital Gains Tax Act (Implementation of the minimum requirements of
See MoreCzech Republic: Finance Ministry issues a guide to amend the Tax Code
On 22 April 2021, the Ministry of Finance issued a guide in Financial Bulletin 19/2021, which provides amendments to Tax Code. According to the Guide, the late payment interest rate is decreased from 14% to 8%. The amount of default interest is
See MoreThailand extends deadline for corporate income tax return
On 30 April 2021, the Thai Ministry of Finance announced an extension of the deadline for filing the annual corporate income tax return (PND.50) and for paying the related tax to 30 June 2021 from May 2021 in response to the Covid-19 pandemic. The
See MoreUN: Tax treatment of government-to-government projects
On 28 April 2021 the UN Committee of Experts on International Cooperation in Tax Matters released the UN Guidelines on the Tax Treatment of Government-to-Government Aid Projects. Developing countries frequently grant tax exemptions in relation
See MoreColombia: President announces withdrawal of tax reform after protests
On 2 May 2021, Colombian President Ivan Duque has announced that he would withdraw the proposed tax reform which was submitted to Congress on 15 April 2021. This decision came at such a time when multiple deaths occurred around the country since
See MoreBelarus: Tax and Duties Ministry clarifies the taxation of PEs in Belarus
On 29 April 2021, the Tax and Duties Ministry of the Republic of Belarus has issued Guidance Letter No. 4-2-15/00981 to clarify the taxation of foreign organizations operating in the territory of the Republic of Belarus through permanent
See MoreTurkey extends income and corporate provisional tax returns
On 3 May 2021, the Turkish Revenue Administration has issued Circular No. 134, which extends the submission and payment periods of the Income and Corporate Provisional Tax Returns for 2021. According to the announcement, the Provisional Tax
See MoreCosta Rica extends the filing due date for ultimate beneficiary owner return
On 29 April 2021, Costa Rica published the Resolution No. DGT-ICD-R-17-2021 extending the due date for filing the ultimate beneficial owner return in the registry for the year 2021. Originally, the deadline to comply with this obligation was on
See MoreGreece: Finance Ministry announces tax relief measures due to COVID-19 outbreak
In response to covid-19 outbreak, the Finance Ministry announced tax relief measures for households and businesses, including: The provision for the possibility of paying the income tax of natural and legal persons of the tax year 2020, in eight
See MoreIreland: Revenue extends e-filing deadline for specific customers
On 28 April 2021, the Irish Revenue made an announcement to extend the return e-filing and e-payment date through ROS for self-assessment income tax customers and customers responsible for Capital Acquisition Tax (CAT). According to the
See MoreChile: Tax authority extends deadline of income tax return and payments for SMEs
On 30 April 2021, the Tax authority declared that taxpayers may file their 2021 income tax declaration until 31 May 2021, as a way to facilitate compliance with this tax responsibility, which occurs in a period marked by the health emergency and
See MoreIreland: Revenue publishes a guidance regarding ePSWT implementation
On 22 April 2021, the Revenue published a guidance, which was proposed to introduce electronic Professional Service Withholding Tax (ePSWT) from 1 July 2021. Section 13 of the Finance Act 2020 provides for an electronic Payment Notification through
See MoreSlovenia: MoF proposes several amendments to tax changes
On 16 April 2021, the Slovenian Ministry of Finance (MoF) has proposed several amendments to tax changes including the Bill on Amendments to the Value Added Tax (VAT) Act, the Bill on Amendments to the Corporate Income Tax Act, and the Bill on
See MoreKenya: High Court suspends the implementation of minimum tax
On 19 April 2021, the Kenyan High Court issued an order suspending the implementation of the new Kenyan minimum tax on gross corporate income. The suspension order has been issued the day before the first installment of the tax was due. The Kenya
See MoreUN: Third edition of the Practical Manual on Transfer Pricing for Developing Countries
Following approval at the twenty-second session of the UN Committee of Experts on International Cooperation in Tax Matters, held from 19 to 28 April 2021, the UN has published the third edition of its Practical Manual on Transfer Pricing for
See MoreMalta: CFR notifies about 2020 Tax Returns for Fiscal Units
On 20 April 2021, the Maltese Commissioner for Revenue (CFR) has notified that the facility to upload and submit the income tax return and the supplemental document for Year of Assessment 2020 required to be filed by a principal taxpayer in respect
See MoreSaudi Arabia issues circular on Force of Attraction rule in the Context of PE
The Saudi Arabian General Authority for Zakat and Tax (GAZT), in April 2021, published Circular No. 2104001, entitled Force of Attraction rule in the context of permanent establishment (pdf). The Circular confirms the GAZT’s approach to applying
See MoreAlgeria: DGT issues a communiqué to extend the filing deadline of tax return 2020
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
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