UAE: FTA issues guidance on qualifying group relief
On 3 April 2024, the UAE Federal Tax Authority (FTA) issued the Corporate Tax Guide on Qualifying Group Relief - CTGQGR1. This group relief permits the transfer of assets or liabilities between two taxable persons within the same qualifying group
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US: IRS offers tax relief for Rhode Island taxpayers impacted by storms and floods
On 4 April 2024, the US Internal Revenue Service announced a tax relief for individuals and businesses in parts of Rhode Island affected by severe storms and flooding that began on 9 January 2024. These taxpayers now have until 15 July 2024, to file
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US: IRS offers tax relief for Maine taxpayers impacted by storms and floods
On 4 April 2024, the US Internal Revenue Service (IRS) announced a tax relief for individuals and businesses in parts of Maine affected by severe storms and flooding that began on 9 January 2024. These taxpayers now have until 15 July 2024, to file
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Belarus introduces new 25% tax rate for foreign organizations with permanent establishments (PEs)
On 20 March 2024, the Belarusian Ministry of Taxes and Duties released Letter No. 4-2-21/00850 on March 20, 2024, addressing the tax obligations of foreign entities with permanent establishments (PEs) conducting business in the Republic of Belarus.
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Portugal extends CIT return and payment deadline for 2023
On 14 March 2024, the Secretary of State for Fiscal Affairs in Portugal issued Order No. 176/2024-XXIII, this extends the deadline for submitting the corporate tax return (CIT) and making the final payment for the tax period of 2023 until 15 July
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US: IRS extends tax relief for Hawaii taxpayers impacted by wildfires
On 27 March 2024, the US Internal Revenue Service, in a release—IR-2024-82—announced various tax-filing and tax-payment deadlines for individuals and businesses affected by the 8 August 2023 wildfires in Hawaii had been postponed until 7 August
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Guatemala announces new monthly corporate tax return forms
On February 2024, Guatemala’s Superintendency of Tax Administration (SAT) declared that it introduced new informational fields regarding passive income to be included in the monthly income tax return (electronic form 1311) starting from January
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Costa Rica imposes new audited financial statement rules for large firms
On 15 February 2024, Costa Rica's Ministry of Finance published Resolution No. MH-DGT-RES-0002-2024 of 7 February 2024 in the Official Gazette. This resolution outlines new guidelines for submitting audited financial statements by taxpayers
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US: IRS announces official date for 2024 tax filing season
On 8 January 2024, the US Internal Revenue Service (IRS) declared the official start date of the 2024 tax season set at 29 January 2024. The IRS expects more than 128.7 million individual tax returns to be filed by the April 15, 2024, tax
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Spain releases new return and application forms for expatriate regime
On 15 December 2023, the Spanish Tax Agency published the Order HFP/1338/2023 in the Official Gazette. The Order authorizes the use of Form (Modelo) 151. Form (Modelo) 151 is the tax return form for taxpayers in accordance with the special inbound
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Turkey extends tax compliance deadline in earthquake affected areas
On 29 November 2023, Turkey announced the extension of the force majeure period until 30 April 2024 in earthquake affected areas hit by 6 February 2023. This extension impacts tax-related deadlines: Tax returns and declarations from 6 Feb 2023
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Greece extends tax filing deadlines in areas impacted by September floods
On 25 September 2023, the Greek government extended the deadlines for filing several tax declarations to 30 November 2023 for taxpayers affected by the September 2023 floods. This extension applies to taxpayers whose registered office, branch of
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Greece: AADE extends deadlines for income tax returns for the tax year 2022
On 5 September 2023, the Greek Public Revenue Authority (AADE) issued Decision A.1131, extending the tax return deadline for individuals and businesses in areas affected by the wildfires of August 2023. This includes extending the deadline for
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Nigeria: FIRS issues notice on tax compliance of international shipping lines
On 21 August 2023, the Federal Inland Revenue Service (FIRS) of Nigeria published a public notice in relation to tax compliance of international shipping lines. The circular provides the basis of taxation of international shipping lines in
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Hong Kong: IRD issues circular letter extending due date for D code returns
On 29 June 2023, the Inland Revenue Department (IRD) published a Circular Letter announcing an extension of the deadline for “D” code profit tax returns. In the letter, IRD explains that given the real difficulties faced by businesses and
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Denmark: DTA extends filing deadlines for corporate tax returns and transfer pricing documentation
On 21 June 2023, the Danish Tax Agency (DTA) declared an extension of the deadline for submitting annual corporate income tax returns. The original deadline of 30 June 2023, has been postponed by eight weeks to 25 August 2023. The extension is a
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Malta: CFR notifies electronic corporate tax return for year of assessment 2023
On 8 June 2023, the Maltese Commissioner for Revenue (CFR) notified that the year of assessment 2023 electronic corporate income tax return is now available on online services. The supplemental document in case of a Fiscal Unit will be available for
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Bolivia grants extension for submitting corporate income tax reporting requirements
On 28 April 2022, the Bolivian National Tax Service published a Resolution No. 102300000014 extending the corporate income tax (IUE) reporting deadline for the tax year ending 31 December 2022 to 31 May 2023 for (i) financial statements; (ii) annual
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