Saudi Arabia: Tax Authority set deadline for filing an appeal against final assessment order
In a recent assessment order, the GAZT indicated that the deadline for filing an appeal will be determined from the date that the assessment order is notified to the taxpayer through the ERAD system. Saudi Arabia’s General Authority of Zakat and
See MoreSouth Africa: SARS announces to change the income tax return for companies
In February 2018, South African Revenue Service (SARS) announced enhancements to the income tax return for companies (ITR14), with an effective date of 26 February 2018. Changes to the ITR14 Form A new IT10 schedule will be made available for
See MoreEcuador publishes coefficients for presumptive assessment
On 26 January 2018, the Internal Revenue Service (SRI) of Ecuador has published a Resolution No. NAC-DGERCGC18-00000018 to commence the coefficients for presumptive tax assessments for the tax year 2017. The coefficients for 2017, which vary by
See MoreSlovak Republic: MoF issues new income tax returns formats for 2017
The Finance Ministry has issued new forms of tax returns for income tax for 2017. For submitting the income tax return for 2017, the pattern of the income tax return form (Form DPFO B) for natural person, and the model of corporate income tax return
See MoreJamaica: TAJ revised the income tax return forms and due date
Tax Administration Jamaica wishes to advise that the deadline to file Final Income Tax Returns forms for the year of assessment 2017 has been extended until 15 March 2018. TAJ also stated that the revisions are improvements which will allow the
See MoreUS: The Nation’s tax season will begin 29 January 2018
On January 4, 2018, the Internal Revenue Service announced that tax collection will begin on Monday, January 29, 2018, and taxpayers are reminded of certain tax credits that the refunds will not be available until the end of February. The IRS will
See MoreCanada: Deadline extends for the access of Voluntary Disclosures program
The Canada Revenue Agency (CRA) has extended the deadline for taxpayers to access the current Voluntary Disclosures Program (VDP). In order for a taxpayer to be eligible for the VDP relief outlined in Information Circular IC00-1R5, unintentional
See MoreUK: New guidance on amending corporate income tax returns
HMRC have published a new guidance on amending certain corporate income tax return for accounting periods ending between 8 March and 16 November 2017 that were filed before 16 November 2017. This means some Company Tax Returns that included
See MoreArgentina: General Resolution 4157-E publishes for updating Compliance requirement
The General Resolution 4157-E of the Federal Tax Administration was published on November 17, 2017 in the official gazette for updating the requirements and formalities listed in General Resolution 2681 to be complied by tax-exempt entities. These
See MoreSaudi Arabia: Circular issued on implementation of recent tax law amendments relating to tax appeal procedures
General Authority for Zakat and Taxes (GAZT) of Saudi Arabia has clarified in its Circular No. 7258/16/1439 of 14 November 2017 that the appeal procedure under Articles 66 and 67 of the Income Tax Act is applicable until new Appeals Committees are
See MorePakistan: FBR extends last date for filing tax returns up to November 15
The Federal Board of Revenue (FBR) has issued Circular No. 08 for extension in date of filing of income tax returns to 15 November 2017 from 31 October 2017 for salary persons and business individuals. Similarly, the date of filing of income tax
See MoreUS: IRS reminds tax preparers to renew PTIN
The Internal Revenue Service, on 26 October 2017, reminded the nation’s more than 727,000 federal tax return preparers that they must renew their Preparer Tax Identification Numbers (PTINs) for 2018. All current PTINs will expire Dec. 31,
See MoreDenmark: Planning to launch a pilot scheme to support SMEs on compliance matters
The Danish tax agency will launch a pilot scheme to support small- and medium-sized enterprises on value-added tax and direct tax compliance matters from 1 January 2018. The Government said, the new "VAT and tax check" will allow companies to
See MorePuerto Rico: Guidance on due dates extension for specific tax return and payment obligations
Treasury Department (PRTD) has published a guide Information Bulletin 17-17 on Circular Letter (CL) 17-13, which has deferred the due dates for particular tax returns and payment accountabilities due to the exceptional circumstances stated by the
See MoreAustralia: Consultation on Consolidation Integrity Measures
On 11 September 2017, the Minister for Revenue and Financial Services released draft tax consolidation legislation and an explanatory memorandum for public consultation. These important measures restore integrity to the tax consolidation rules. The
See MoreUAE: The FTA launches an interactive website
The Federal Tax Authority (FTA) announced an interactive website on the basis of best international standards and practices for introducing legal entities and society to the tax system and facilitate tax compliance. The site is rich in important
See MoreIndia: Government extends deadline for Income Tax returns and audit reports
The government on 31 August 2017, extended the deadline for all Income Tax returns and audit reports till 31 October 2017, for all taxpayers who were liable to file returns by 30 September 2017. “The ‘due-date’ for filing Income Tax Returns
See MoreIndonesia updates Form DGT-1 for non-resident taxpayers
Indonesian tax authority issued a Regulation PER-10/PJ/2017 that commences a new “certificate of domicile” standard for non-resident taxpayers and it is effective from 1 August 2017. According to the new Regulation, there are 2 types of
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