Lebanon extends deadline for 2023 tax filings
Lebanon’s Ministry of Finance has extended the deadline for filing various annual tax forms and making tax payments for the fiscal year 2023. The new deadline is set for 25 July, 2024. This extension applies to sole proprietorships,
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Malta introduces online filing for Year of Assessment 2024 Corporate Income Tax Return
The Commissioner for Tax and Customs notified that the year of assessment 2024 electronic corporate income tax return is now available on their online services on 18 June, 2024. The supplemental document in case of a Fiscal Unit is also available
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Taiwan: Profit-seeking enterprises which have yet to file their annual income tax returns should declare supplementary as soon as possible
The Taichung Branch, National Taxation Bureau of the Central Area, Ministry of Finance indicates that profit-seeking enterprises who have yet to file their 2023 income tax returns by the deadline 31 May, 2024, will soon be sent a delinquency notice
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Saudi Arabia extends cancellation of fines and exemption of financial penalties initiative
​The Saudi Zakat, Tax and Customs Authority (ZATCA) announced the extension of the Cancellation of Fines and Exemption of Financial Penalties Initiative for taxpayers subject to all tax laws for six months until 31 December, 2024. ZATCA stated
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Costa Rica extends beneficial ownership filing deadline
Costa Rica’s Tax Administration announced an extension for the filing deadline of the informative return on beneficial ownership for companies, partnerships, and trusts. However, the announcement is yet to be published in the Official
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Singapore issues new guidance for corporate income tax filing season 2024
The Inland Revenue Authority of Singapore (IRAS) has issued new guidance for the Corporate Income Tax Filing Season 2024 detailing filing of the corporate income tax return, preparing a tax computation, filing status, the tax bill, and tax
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UAE: Companies licensed in March-April must register for corporate tax by June 2024
The UAE Federal Tax Authority (FTA) issued a release on 23 June, 2024, reminding juridical persons licensed in March and April to register for corporate tax by 30 June, 2024. Previously, the FTA, in a release on 23 May 2024, called for juridical
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US: IRS extends tax relief for individuals and businesses impacted by severe weather in Mississippi
The US Internal Revenue Service (IRS), in a release—IR-2024-176 on 27 June 2024, announced tax relief for individuals and businesses in Mississippi that were affected by severe storms, straight-line winds, tornadoes, and flooding that began on 8
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US: IRS extends tax relief for individuals and businesses impacted by severe weather in Iowa
The US Internal Revenue Service (IRS), in a release—IA-2024-08 on 27 June 2024, announced tax relief for individuals and businesses in Iowa that were affected by severe storms, flooding, straight-line winds, and tornadoes that began on 16 June,
See MoreUS: IRS extends tax relief for individuals and businesses impacted by severe weather in southern New Mexico
The US Internal Revenue Service (IRS), in release NM-2024-05 published on 26 June 2024, announced a relief for individuals and businesses in southern New Mexico that were affected by the South Fork Fire, Salt Fire, and flooding that began on 17
See MoreUS: IRS extends tax relief for individuals and business impacted by severe weather in OklahomaÂ
The US Internal Revenue Service (IRS), in a release—OK-2024-02 on 25 June 2024, announced tax relief for individuals and businesses in Oklahoma affected by severe storms, straight-line winds, tornadoes, and flooding that began on 19 May,
See MoreUS: IRS extends tax relief for individuals and business impacted by severe weather in FloridaÂ
The US Internal Revenue Service (IRS), in a release—FL-2024-06 on 25 June 2024, announced tax relief for individuals and businesses in Florida affected by severe storms, straight-line winds, tornadoes, and flooding that began on 10 May,
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Portugal extends deadline for business tax filings
Portugal's Secretary of State for Fiscal Affairs announced a new directive, Order No. 29/2024-XXIV, on 14 June, 2024, granting businesses an extension to file their Simplified Business Information and Annual Declaration of Accounting and Tax
See MoreUS: IRS releases updated research credit form to ease taxpayer burden
The US Internal Revenue Service (IRS) announced the release of draft Form 6765, Credit for Increasing Research Activities, also known as the Research Credit, on 21 June, 2024. The IRS received helpful comments from various external stakeholders
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Netherlands urges businesses to switch to new portal by 1 July 2024
On 17 June, 2024, the Netherlands tax authority, in a release, reminded businesses that the old tax portal for managing tax affairs will be permanently closed on 1 July, 2024. All entrepreneurs who still use the old portal must switch to the new My
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Spain issues corporate and nonresident income tax forms for 2023Â
Spain’s Ministry of Finance has issued Order HAC/495/2024 in the official gazette (BOE), detailing the corporate income tax (CIT) and nonresident income tax (NRIT) return forms alongside associated refund or payment documents for tax periods
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Greece extends CIT filing deadline
On 13 June 2024, the Greek tax agency announced the new deadline for filing corporate income tax (CIT) returns, this announcement extends the deadline for submitting the corporate tax return (CIT) of 2023 to 26 July 2024. The usual deadline for 2023
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Brazil sets new reporting rules for tax-benefited legal entities
On 4 June 2024, Brazil published Provisional Measure No. 1.227 of 4 June 2024 in the Official Gazette. This bill introduces new reporting rules for legal entities that benefit from tax incentives, tax waivers, and other tax-related
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