Russia amends WHT return filing deadline
On 5 February 2020, Russian Federal Tax Service published a notice amending the deadline for filing of 2019 withholding tax (WHT) returns by tax agents. The notice have been in force since 1 January 2020, the WHT returns are required to file
See MoreChina extends declaration deadline
The State Administration of Taxation (SAT) of China has extended tax filing deadline to 28 February 2020 due to Coronavirus epidemic. Previously, the deadline had been delayed from February 17, 2020 to February 24, 2020. For the taxpayers and
See MoreEU: Four more jurisdictions added to blacklist
On 18 February 2020 the European Union (EU) added Panama, Palau, the Seychelles and the Cayman Islands to its blacklist of non-cooperative jurisdictions for tax purposes. The decision was taken at the meeting of the EU economic and finance
See MoreIndonesia: Tax reform bill submits to House of Representatives
On 31 January 2020, the Directorate General of Taxation has submitted the tax reform bill to the House of Representatives. The bill proposed to cut the corporate tax rate to 22% in 2021 and 2022 and to 20% from 2023, and further reduce the
See MorePoland: Administrative Court allows expenditure on intra-group services
On 6 February 2020, Polish Administrative Court (the “Court”) issued its decision on a transfer pricing case regarding Poland vs Shared Service Center. A shared service center (SSC) in Poland both provided intra-group services to the group
See MoreLuxembourg amends draft law implementing DAC6
On 14 February 2020, Luxembourg published a revised version of the draft law 7465 amending the original provisions on the professional privilege exemption. Luxembourg Government submitted the draft law on 8 August 2019 which has not been passed
See MorePeru: SUNAT provides a list of high-risk tax planning schemes regarding GAAR
On 5 February 2020, the Peruvian Tax Administration (SUNAT) has published first version of the list of high-risk tax planning schemes regarding General Anti-Avoidance Rule (GAAR). The list contains the following five tax planning
See MoreQatar introduces directives on MAP
On 11 February 2020, Qatar's General Tax Authority (GTA) has published following six directives on the application of the mutual agreement procedure (MAP) under double taxation avoidance agreements in relation to the implementation of base erosion
See MoreAustralia introduces a bill to expand definition of SGE
On 12 February 2020, the Treasury Laws Amendment (2020 Measures No. 1) Bill 2020 was submitted in the Australian House of Representatives. This bill contains two measures that maintain the integrity and efficiency of Australia's tax
See MoreColombia publishes decree amending the taxation of dividend income
On 31 December 2019, the Colombian Ministry of Finance and Public Credit (MinHacienda) has published Decree 2371 of 27 December 2019 on its website which amends the dividend income tax. The Decree regulates the tax and withholding tax on dividends
See MoreWorld Tax Brief: February 2020
South AfricaCFC rules: On 13 January 2020, President signed Taxation Laws Amendment Act 2019, which amends section 9D of the Income Tax Act, 1962 regarding the definition of controlled foreign company rules and extends the application of
See MoreAustralia: ATO issues urgent notification for CbCR lodgments
The Australian Taxation Office (ATO) has issued an email notification regarding an essential update on Country-by-Country reporting (CbCR) lodgments. An increased number of data validations will now be performed on lodgments before they are
See MoreCzech Republic: President signs a Law to ratify BEPS MLI
On 13 February 2020, the President signed a law for ratification of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI). On 28 November 2019, the Chamber of Deputies approved the ratification of BEPS MLI. The
See MoreArgentina: Government publishes General Resolution on tax schemes for SMEs
On 31 January 2020, Government published General Resolution 4667/2020 of 30 January 2020, which provides special tax schemes for small and medium enterprises (SMEs) introduced by Law 27541 on Social Solidarity and Productive Reactivation. This
See MoreOECD: Economic Impact of Proposals on Taxation of the Digital Economy
An economic analysis and impact assessment is being carried out by the OECD to support the work of the OECD Inclusive Framework on tax challenges of the digital economy. A preliminary analysis was published on 14 February 2020, with a final
See MoreOECD: Tax Report to the G20 Finance Ministers
On 14 February 2020 the OECD published the Tax Report to the G20 Finance Ministers, in advance of their meeting on 22 and 23 February 2020. The report covers recent international tax developments. Tax challenges of the digital economy Pillar
See MoreOECD: Transfer Pricing Guidance on Financial Transactions
On 11 February 2020 the OECD released a report entitled Transfer Pricing Guidance on Financial Transactions: Inclusive Framework on BEPS: Actions 4, 8-10. The OECD reports on base erosion and profit shifting (BEPS) issued in 2015 requested
See MoreRussia amends penalty provision for tax evasion
On 26 December 2019, the Russian President introduced draft Law no. 871811-7 revising the thresholds for the tax evasion committed by legal and natural persons. According to the draft Law, the tax evasion thresholds for criminal liability have been
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