Peru extends the due date for monthly tax obligations of December 2022
On 3 January 2023, the Peruvian tax authorities (SUNAT) issued Resolution No. 000001-2023/SUNAT in the Official Gazette extending the due date for monthly tax obligations of December 2022. Accordingly, SUNAT has extended the deadline to the
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Belgium declares tax payment deferral due to energy crisis
On 28 October 2022, Belgium's Federal Public Service (SPF) Finance has declared a general deferral of tax payments of personal income tax, corporate tax, and non-resident tax for tax year 2022. The tax payment deadline is extended from the
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Netherlands: Tax authority extends one-off payment break for tax debts to 6 months
The Netherlands has extended the provision for a one-off payment break for the repayment of deferred tax debts of Covid-19 pandemic period from up to 3 months to 6 months. The State Secretary for Finance, Taxation and Tax Administration has
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Puerto Rico extends tax returns and payment deadline due to Hurricane Fiona
On 27 September 2022, the Puerto Rico Treasury Department (PRTD) issued Administrative Determination No. 22-08 extending the due date for income tax returns and tax payments due to Hurricane Fiona. The PRTD extends the tax returns deadline until
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Ireland: Revenue updates guidelines for phased payment arrangements (PPA)
On 21 September 2022, the Irish Revenue published an eBrief No. 174/22 on Instalment Arrangements. Accordingly, the Tax and Duty Manual - Guidelines for Phased Payment Arrangements (PPA) - has been updated. This Guideline outlines Revenue’s
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Taiwan: MOF exempts provisional income tax payments from January to June 2022
Recently, the Ministry of Finance of Taiwan provides an exemption on provisional income tax payments for the period January to June 2022. The exemption is provided for provisional income tax returns in September 2022 for companies affected by the
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Argentina issues resolution introducing exceptional tax prepayment obligation
On 16 August 2022, Argentine tax authority (AFIP) published General Resolution No. 5248/2022, requiring a one-time tax payment for certain large companies that benefitted from deducting losses due to the coronavirus pandemic and ongoing
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Sri Lanka declares penalty relief measure
On 1 July 2022, Sri Lankan Inland Revenue Department (IRD) has published a notice on penalty relief for the payment of taxes due up to financial year 31 December 2021. The summary of notice is following: The penalty relief measure is
See MoreArgentina issues resolution increasing thresholds for advance payments
On 28 June 2022, Argentine Official Gazette published General Resolution 5211/2022 amending the provisions on income tax advance payment. The resolution increases the thresholds for making advance payments from ARS 500 to ARS 2500. Companies are
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IMF Report Assesses Ireland’s Economy
On 5 May 2022 the IMF released a report following consultations with Ireland under Article IV of the IMF’s articles of agreement. Ireland’s economic growth reached 13.5% in 2021 but there are downside risks from the increase in energy
See MoreArgentina: AFIP extends CIT return submission deadlines
On 28 April 2022, the Federal Public Revenue Administration (AFIP) published General Resolution 5189/2022 of 28 April 2022, which extends the submission deadline of corporate tax return to between 23 and 26 May 2022, with the exact date depending
See MoreOECD: Revenue Statistics in Latin America and the Caribbean
On 27 April 2022 the OECD released the publication Revenue Statistics in Latin America and the Caribbean 2022. This annual overview of the region contains internationally comparable data on tax levels and structures for 27 countries in the Latin
See MoreArgentina: AFIP extends tax payment facilities for SMEs
On 30 March 2022, the Federal Public Revenue Administration (AFIP) published General Resolution 5178/2022, which extends payment facilities for small and medium enterprises (SMEs) that is taxpayers preferential installment terms and interest rates
See MoreBolivia: Deadline extension for compliance with tax obligations for private companies
Recently, the Tax administration issued a guidance (RND 1022-04), which extends the deadline for the presentation of Sworn Declarations and payment of tax obligations until 18 March 2022 for the fiscal period February 2022, of the Public Entities
See MoreChina extends tax payment deferral for SME sector
On 28 February 2022, the Ministry of Finance and State Administration of Taxation of China have jointly issued Announcement No. 2 of 2022 extending the tax payment deferral policy for SMEs especially in the manufacturing
See MoreUAE: Corporate Income Tax to be Introduced from 2023
On 31 January 2022 the United Arab Emirates (UAE) announced that it is introducing a 9% corporate tax with effect from June 2023. This tax will raise more government revenue as the UAE continues the process of economic diversification,
See MoreGreece: Finance Ministry highlights tax measures on 2022 Budget
On 17 December 2021, the Finance Ministry announced an overview of tax measures on the 2022 Budget. Some of the approved tax measures are given below: The corporate income tax rate is reduced from 24% to 22% for legal entities and legal entities
See MoreNetherlands declares tax payment extension and repayments
The Dutch Tax and Customs Administration grants temporary special payment extensions to entrepreneurs, to help them cope with the corona crisis. Taxpayers can apply for a special tax payment extension for most taxes. The extension will be valid
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