Turkey: Tax amendments gazetted
The Law No. 6824 was published in the official gazette on 8th March 2017 that amend a number of laws. Under the Law, a compliant taxpayer is defined as a taxpayer not having tax debts or not including tax penalties over the amount of TRY 1,000. The
See MoreSouth Africa: National Treasury consults on sugar tax amendments
Proposed changes to the tax on sugar-sweetened beverages (SSBs) were introduced in the recently announced 2017-18 Budget. The South African National Treasury has issued a list of questions and answers on the changes to the proposed tax. The National
See MoreVenezuela: Resolution SNAT/2017/0003 about value of tax unit gazetted
The Resolution SNAT/2017/0003 was published on 24th February 2017 in the Official Gazette that implements a 69.5% increase in the value of a tax unit (TU). Some amounts relating to stamp duties, penalties and other aspects of tax are adjusted on a
See MoreGreece: Filing deadline of tonnage tax returns using new online system issues
The Public Revenue Authority has released a Circular 1027/2017 on 23rd February 2017 that the filing deadline for the tonnage tax returns using the new online application system is 20th March 2017 and the deadline applies only for the year 2017.
See MoreGreece: Decision on online application for filing tonnage tax returns
The Public Revenue Authority published Circular 1022/2015 on 16th February 2017. The Circular communicates the decision of the Director of the Public Revenue Authority to permit tonnage tax returns to be submitted using the new online application.
See MoreQatar: Draft law on selective tax on goods approved
The Finance Ministry has prepared the draft law in accordance with the GCC unified agreement for selective tax, and the GCC Supreme Council decision recently issued in the 37th session held in the Kingdom of Bahrain. The decision specifies the
See MoreBolivia: Amendments in customs duties
Supreme Decree 3069 was published in the Official Gazette on 1 February 2017. The Decree changes the customs duties charged on imports of electronic equipment, image and sound recording, centrifugal dryers, vacuum cleaners, monitors and projectors,
See MoreAngola: Tax Administration extends deadline for payment of first installment of urban property tax
The deadline for payment of Real Estate Property Tax (IPU) has been extended from January 2017 to February 28 2017. The Angolan Tax Administration issued, on 31 January 2017, a press statement announcing the extension of the deadline for the payment
See MoreGreece: Online application for filing tonnage tax returns of category A vessels issued
The Public Revenue Authority has published a press release regarding new online application for filing tonnage tax returns of category A vessels on 14th February 2017. The Director of the Public Revenue Authority is projected to issue a decision
See MoreZambia: Finance Minister presents national budget for 2017
The Minister of Finance has presented national budget for 2017 to the National Assembly on 11th November 2016. The budget of 2017 highlights some important issues which are given below: Direct tax PAYE threshold increased from K3,000
See MoreBulgaria: Amendments to regulations on Excise Duties and Tax Warehouses Act gazetted
The amendments in the regulations for the application of the Excise Duties and Tax Warehouses Act have been published on 7th February 2017 in the State Gazette. The major amendments have been effective from the same day of its publication and the
See MoreAzerbaijan -New customs duty on export of copper products
In Azerbaijan, the Decree No. 2 of Cabinet of Ministers of 10 January 2017 was published in the Official Gazette (Khalgh Ghezety ) No. 28392(7) on 12 January 2017. According to the Decree, there will be new customs duty rates on the export of
See MoreGreece: Road tax clarifications issued
The Public Revenue Authority has been released a Circular 1014/2017 on 26th January 2017 regarding road tax. It states that road tax administrative acts are not challenged via the administrative appeal procedure, but through an appeal to the
See MoreCanada: Carbon levy has been implemented in Alberta
The Alberta has executed the Climate Leadership Act along with associated regulations that forces to pay a carbon levy on fuels consumed in Alberta. It is part of Alberta’s broader climate change initiatives intended to reduce greenhouse gas
See MoreTurkey: VAT rates and stamp duty on certain goods amended
The Decree No. 2017/9759 for amending the tax rates of the special consumption tax (SCT), VAT and stamp duty on certain goods and transactions was published in the official gazette on 3rd February 2017. A zero per cent rate is set for household
See MoreBahrain-GCC: Excise Taxes Framework Agreement signed by Bahraini Finance Minister
The Gulf Cooperation Council (GCC) Excise Taxes Framework Agreement has been signed by the Bahraini Finance Minister on 1st February 2017. Bahrain is planning to introduce Excise Tax by mid-2017. The excise levies will be 50% on soft drinks and a
See MoreColombia: Tax reform summary 2016
According to law 1819 of 2016, adopting the structural tax reform bill approved on 23 December 2016. It introduces the following major changes to the corporate income tax regime: Income tax rates As from tax year 2019, a single income tax rate of
See MoreCosta Rica: Legislative Assembly approves corporate flat tax
The National Legislative Assembly on 9 January 2017, approved the Bill no 19818 to retain the registration flat tax on companies. According to Bill, companies, as well as any branch of a company which are registered in the Register of Legal
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