South Africa: SARS issues updated guide on taxation

November 13, 2023

On 1 November 2023, the South African Revenue Service (SARS) issued an updated guide on taxation. This guide providing a high-level overview of the most significant tax legislation administered in South Africa by the Commissioner for the South

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Nigeria: FIRS updates online portal, announces payment deadline for outstanding tax liabilities

November 05, 2023

The Federal Internal Revenue Service (FIRS) issued a notice that mentioned updates to the TaxPro-Max portal. These updates are expected to alleviate the tax payment issues faced by taxpayers. As per the notice, the payment reference number (PRN)

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Argentina: AFIP introduces new payment facility for outstanding tax on SMEs

June 25, 2023

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

May 25, 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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Luxembourg: Government submits draft bill on transfer pricing and general tax procedures

April 24, 2023

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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China launches online international tax services for non-resident entities

April 15, 2023

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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Netherlands: Tax authority extends one-off payment break for tax debts to 6 months

October 15, 2022

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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Ireland: Revenue updates guidelines for phased payment arrangements (PPA)

September 26, 2022

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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Sri Lanka declares penalty relief measure

July 15, 2022

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

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Netherlands declares tax payment extension and repayments

December 10, 2021

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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El Salvador: Legislative Assembly approves tax amnesty until 10 December

October 14, 2021

On 5 October 2021, at the request of the Ministry of Finance, the Legislative Assembly approved Legislative Decree 173 known as Tax Amnesty. The decree aims to give taxpayers 60 days to settle their situation before the Treasury, with exemption

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Netherlands extends tax payment deadline on request

July 12, 2021

The Dutch government has announced to extend the period during which taxpayer can request a special tax payment extension from the Tax and Customs Administration until 1 October 2021. There are several possible situations: You already applied

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Romania: New tax measures in response to Covid-19 pandemic

April 06, 2021

On 25 March 2021, Romanian Ministry of Finance has announced its decision to provide further support measures in response to the Covid-19 pandemic. Measures include: Deadline extension for submitting applications for budgetary

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Oman introduces economic stimulus plan

March 18, 2021

On 9 March 2021, the government of Oman declared an economic stimulus plan in response to the Covid-19 pandemic. The stimulus plan contains several tax incentives as follows: A 5-year income tax exemption for new businesses having main

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France: Government announces new tax measures due to COVID-19 pandemic

March 12, 2021

On 2 March 2021, the Government announced new tax measures for companies impacted by Covid-19, which includes methods of how to calculate corporate tax, early repayment of refundable tax credits. Methods of calculating CIT payments According

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Panama: Draft bill to introduce tax relief measures

March 09, 2021

The Cabinet of Panama has approved the Ministry of Finance to submit a draft bill in the National Assembly providing tax relief measures in response to the Covid-19 pandemic. Tax measures are following: Extension of the installment payment for

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Sri Lanka launches online tax payment platform

February 10, 2021

The Inland Revenue Department (IRD) of Sri Lanka has published a notice introducing Online Tax Payment Platform (OTPP) with effect from 8 February 2021, to make tax payment with the collaboration of below mentioned banks, in addition to the

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South Africa: SARS invites public comments on ATR system

January 20, 2021

On 15 January 2021, the South African Revenue Service (SARS) made a public comment session regarding the Advance Tax Rulings System. Taxpayers, tax practitioners and professional associations are invited to submit comments on the current Advance

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