Saudi Arabia: Decree amending appeal procedure
Saudi Arabia issued Royal Decree No. M/113 of 25 July 2017 amending the country's income tax law with regard to penalties and appeals procedures. According to the Decree, the General Authority of Zakat and Tax is expressly given the power to impose
See MoreItaly: Deadline for 2016 Tax Return extended
The Decree of 26 July 2017 from the President of the Italian Council of Ministers was published in the Official Gazette on 28 July 2017. According to the Decree, the deadline to submit the annual tax return (corporate income tax (IRES), regional tax
See MoreRomania: Ordinance on mandatory electronic tax return filing published
Romania has published in the Official Journal of 2 August 2017- Regulation No 2326/2017, according to which tax returns will have to be submitted electronically to the National Agency for Fiscal Administration. Tax returns to be submitted
See MoreCyprus: Taxpayers must submit a temporary tax return before 31st July
All companies that are Cyprus tax residents and taxed in accordance with the Cyprus Income Tax Laws and Regulations are required to submit a temporary tax return Form T.D.6 by 31 July 2017. Temporary tax for 2017 is payable in two equal
See MoreGreece: Extension of submission deadline for 2016 tax returns
The Finance Ministry has announced a decision relating to the extension of the tax return submission deadline. Under Article 3 of law no. 4172/2013, the deadline for submission of individual and company income tax returns is to be extended until
See MoreIreland: Revenue assessment in the absence of a return
On 19 June 2017, the Irish Revenue published the Tax and Duty Manual Part 41A-05-02 that has been amended in paragraph 1 in relation to the pursuit of outstanding returns and in paragraph 4 in relation to appeal provisions. According to this
See MoreCanada: Minister announces consultation on changes to the Voluntary Disclosures Program
Although most Canadians pay their tax and expect a responsive and fair tax system, some net high wealth individuals are continuing to find ways to avoid paying the tax they owe, placing an unfair burden on the country. The Canadian Government and
See MoreSouth Africa: SARS introduces improvements to the dispute management process
On 15 May 2017 the South African Revenue Service (SARS) introduced important changes and improvements to its current dispute management process as part of its ongoing commitment to delivering a better service to taxpayers. The following changes
See MoreCanada: Government offers relief to flood-affected taxpayers
In response to problems caused by the recent flooding across the country, particularly in Quebec and Ontario provinces, the Canadian Revenue Agency (CRA) is making available relief for individuals, businesses, and first responders that are unable to
See MoreCanada: A record number of Canadian citizens are using electronic filing services
To deliver the Canadian government’s commitment to Canadian citizens, the Canada Revenue Agency (CRA) continues to expand its offering of online services and the number of online users is increasing. Taxpayers are using the CRA’s online services
See MorePakistan: FBR publishes a guideline on the mechanism of ADR
Recently, the Federal Board of Revenue (FBR) has issued a guideline on the mechanism of ADR. The FBR has motivated taxpayers to resolve their issues through the Alternate Dispute Resolution (ADR) mechanism, which will help taxpayers from unnecessary
See MorePoland publishes standard audit file for tax purposes
A draft standard tax audit file rules of amendments to the Tax Ordinance Act has been published on 23rd May 2017. According to the standard tax audit file rules taxpayers-lawful entities, authoritative units, and people who directing benefits of the
See MoreHong Kong: Major Changes in 2016/17 Profits Tax Return Form
The Inland Revenue Department of Hong Kong recently published a list of major changes in profit tax return form for the year of 2016/17. Four items are added in the Profits Tax Return this year. Firstly, qualifying corporate treasury centre
See MoreNigeria: Electronic tax clearance certificate expected to be introduced soon
The Federal Inland Revenue Service (FIRS) declares it will soon announce electronic Tax Clearance Certificate (TCC) system to assist reduce fraudulent certificates. The implementation of the e-TCC verification system had reached an advanced stage,
See MoreUS: IRS reminds United States citizens and resident aliens to check U.S. tax liability
The Internal Revenue Service on 13 April 2017 reminded U.S. citizens and resident aliens, including those with dual citizenship, to check if they have a U.S. tax liability and a filing requirement. IRS also informed that anyone with a foreign bank
See MorePakistan: Instigated the alternative dispute resolution committee
On 29 March 2017, the Federal Board of Revenue (FBR) has started the Alternative Dispute Resolution (ADRC) service. The FBR has decided to provide the service in view of the fact that 27,000 complaints are pending before Appellate Tribunal Inland
See MoreUS: IRS urges taxpayers to choose return preparers carefully
As the April 18 income tax filing deadline approaches, the Internal Revenue Service is reminding taxpayers to select who will prepare their 2016 federal tax return wisely. A reputable preparer will ask to see a taxpayer’s records and receipts and
See MoreMalaysia: IRB issues guideline for submission on e-Filing of Form CP204 AND CP204A
The Inland Revenue Board of Malaysia (IRBM) has recently announced that mandatory e-filing is required for companies which furnish their estimated tax payable (Form CP204) and Revised Estimation (Form CP204A) for the year of assessment 2018 and
See More