Argentina: AFIP extends tax payment deadline under the special regime for small taxpayers
On 4 September 2023, the Argentine Federal Administration of Public Revenue (AFIP) published General Resolution 5411 which extends the due date for paying the tax payment within the simplified tax scheme for the following monthly periods:
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Kazakhstan: National Bank reduces the annual base interest rate from August 2023
On 25 August 2023, the National Bank of Kazakhstan decided to reduce the annual base interest rate from 16.75% to 16.50% with effect from 28 August 2023. The interest rate has a tax effect on the late tax payment interest and
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Argentina: AFIP establishes exceptional corporate income tax advance payment
On 21 July 2023, the Argentine Tax Authority (AFIP) issued General Resolution No. 5391/2023 which outlines the implementation of an exceptional advance income tax payment requirement for specific companies in the year 2023. Companies meeting the
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Kenya: Tax measures in finance act 2023
On 3 July 2023, the Kenya Revenue Authority published the Finance Act 2023, following its presidential assent on 26 June 2023. The act includes the following notable provisions related to corporate income taxation. Digital assets
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Argentina: AFIP introduces new payment facility for outstanding tax on SMEs
On 17 May 2023, Argentine tax authority (AFIP) has published General Resolution No. 5361/2023 which introduce a new payment facility for outstanding tax, social security, and customs obligations due until 30 April 2023, containing related interest
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Venezuela increases tax unit value for 2023
On 8 May 2023, the National Integrated Service of Customs and Tax Administration (SENIAT) of Venezuela published Administrative Ruling SNAT/2023/000031 in the Official Gazette, which increases the value of tax units from VES 0.40 to VES 9.00 for the
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Turkey extends several deadlines for tax return and payment
On 25 April 2023, the Turkish Revenue Administration announced the extension of several deadlines for tax returns and payment. Accordingly, the corporate tax return and payment deadline for the accounting period 2022 has been extended to May 5 2023
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Luxembourg: Government submits draft bill on transfer pricing and general tax procedures
On 28 March 2023, the Luxembourg government submitted Bill No. 8186 to the Parliament. The bill includes changes in advance pricing arrangement (APA), mutual agreement procedure (MAP), compliance with transfer pricing documentation requirements, and
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Vietnam: MoF announces tax payment extensions for 2023
On 14 April 2023, Vietnam's Ministry of Finance (MoF) has issued Decree No. 12/2023/ND-CP, which provides for tax payment deadline extensions for qualifying taxpayers in various sectors, including agriculture, manufacturing, and SMEs. The extensions
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Russia: Government proposes to change the single tax payment deadline
On 4 April 2023, the Russian government has proposed a draft law to move the deadline for the mandatory single tax payment from the 28th day of the month to the 25th day. The objective of this proposal is to prevent cash gaps in regional and
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China launches online international tax services for non-resident entities
On 10 April 2023, China's State Taxation Administration made an announcement regarding the nationwide launch of an online cross-border tax service for non-resident enterprises. This service allows overseas companies to conveniently pay their taxes
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Zambia: Ministry of Finance and National Planning extends tax amnesty period on interest and penalties
On 31 March 2023, the Minister of Finance and National Planning, Situmbeko Musotokwane, has declared an extension to the tax amnesty program which will exempt all penalties and interest on past due taxes. This extension will last for a period of 3
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India: CBDT extends time of Compulsory e-Filing of WHT Form 10F
On 28 March 2023, the Directorate of Income Tax declared that the relaxation granted for the e-filing of Form 10F for withholding tax by non-resident taxpayers who do not possess an Indian PAN number has been extended until September 30, 2023. In
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Colombia amends the tax return and payment deadline in 2023
On 15 February 2023, the Colombian Ministry of Finance published Decree 0219 amending the deadlines for filing and payment of the tax return (declaration) in 2023 for specific taxpayers. Some of the key deadlines for companies depend on the last
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Turkey extends tax compliance deadline for additional areas due to earthquakes
On 16 February 2023, the Turkish Revenue Administration further announced emergency tax measures for the taxpayers located in Elazig due to earthquakes. Moreover, the Revenue Administration announced the emergency tax measures on 21 Feb 2023 for the
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Turkey extends tax compliance deadline for certain areas due to earthquakes
On 8 February 2023, the Turkish Revenue Administration announced an emergency tax measures for certain areas due to earthquakes. Accordingly, taxpayers located in Adana, Adiyaman, Diyarbakir, Gaziantep, Hatay, Kahramanmaras, Kilis, Malatya,
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Vietnam: MoF launches a public consultation regarding extension of tax payment deadlines
The Ministry of Finance (MoF) launches a public consultation on the proposed extension of tax payment time limit for corporate income tax, personal income tax and value added tax (VAT). The proposed extensions will apply as follows: The
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Uruguay declares minimum monthly advance tax for FY 2023
On 16 January 2023, the government of Uruguay has released Decree No. 419/022, which outlines the minimum amounts of monthly advance payment for corporate income tax (IRAE) for the financial year (FY) 2023. The minimum payments are determined in the
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