Qatar releases FAQs on TP documentation requirements
Qatar’s General Tax Authority (GTA) has issued frequently asked questions (FAQs) regarding Transfer Pricing Declaration, Master File, and Local File on the Dhareeba tax portal. The FAQs provide clarification on several tax issues relating to
See MoreArgentina: AFIP extends corporate return deadline
On 14 May 2021, the Federal Administration of Public Revenue (AFIP) Officially published a General Resolution 4988/2021, which extends the due date of submitting corporate tax return and the affidavit of tax on the earnings and the payment of the
See MorePeru: SUNAT clarifies interest deduction for thin capitalization rules
On 12 May 2021, the Peruvian Tax Administration (SUNAT) has issued Report No. 015-2021-SUNAT / 7T000 (the Guideline)regarding various queries related to the application of the limit for the deduction of interest expenses are answered, referred to
See MoreKenya publishes Finance Bill 2021
On 5 May 2021, the Parliament of Kenya has published the finance bill 2021 providing the following tax measures: Reintroduce the definition of the term ‘‘Control” The definition of the term “control” was deleted with the
See MoreIndia: CBDT issues thresholds for triggering “significant economic presence” in India
On 3 May 2021, the Central Board of Direct Taxes (CBDT) issued a Notification No.40/2021 which sets the revenue and user thresholds for the application of a new nexus rule for nonresidents in the form of “significant economic presence” (SEP) in
See MoreAfrican Tax Administration Forum Releases New Pillar One Proposals
The African Tax Administration Forum (ATAF) has issued a revised set of Pillar One Proposals in response to the OECD's blueprint reports released late last year and the recent proposals put forth by the United States. The proposals suggest
See MoreGreece: AADE publishes a Circular regarding MCAA
On 22 April 2021, the Public Revenue Authority (AADE) published Circular A.1092 of 22 April 2021, which determines the lists of jurisdictions with which Greece wants implement the Multilateral Competent Authority Agreement on the exchange of
See MoreArgentina: AFIP extends deadline of transfer pricing return submission
On 30 April 2021, the Federal Administration of Public Revenue (AFIP) made an announcement that it will exceptionally extend the expiration of the presentation of the obligations provided for in the Transfer Pricing Regime established by General
See MoreTransfer Pricing Brief: May 2021
AlgeriaFiling deadlines: The Directorate General of Taxes has recently issued a communiqué, which provides extension of filing deadline of annual tax returns (including balance sheet and appendices) 2020 until 30 June 2021 for all companies.See
See MoreParaguay releases sixth TP method for commodity transactions
On 16 April 2021, the tax authority of Paraguay has published General Resolution No. 86 with effect from 17 April 2021, regarding the application of the special transfer pricing (TP) rules, related to the sixth method, for certain commodity
See MoreThailand extends deadline for corporate income tax return
On 30 April 2021, the Thai Ministry of Finance announced an extension of the deadline for filing the annual corporate income tax return (PND.50) and for paying the related tax to 30 June 2021 from May 2021 in response to the Covid-19 pandemic. The
See MorePeru: SUNAT issues guidance on comparability analysis using multi-year data
On 29 April 2021, the Peruvian tax authorities (SUNAT) has issued Administrative Guidance No. 036-2021-SUNAT/7T0000 providing guidance in relation to the use of multi-year data in determining arm's length transfer pricing. The guideline provides
See MoreEstonia: BEPS MLI enters into force
On 1 May 2021, the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) entered into force for Estonia. Estonia deposited its ratification instrument on 15 January 2021. For the
See MoreSingapore: TP guidelines for centralized activities in MNE groups
On 19 Mar 2021, the Inland Revenue Authority of Singapore (IRAS) issued an e-Tax Guide “Transfer Pricing Guidelines Special Topic - Centralized Activities in Multinational Enterprise Groups”. The e-Tax guide discusses the economic value
See MorePoland: Tax authority extends TPD deadlines due to COVID-19
On 19 April 2021, the Polish tax authority announced an extension of the transfer pricing documentation deadlines that was advised under the Act of March 30, 2021. Extending the deadline for submitting information on transfer pricing:by 30
See MoreOECD: Case Study on Strengthening Tax Transparency in Uganda
On 16 April 2021 the OECD issued a tax and development case study entitled Strengthening tax transparency to combat tax evasion, illicit financial flows and profit shifting in Uganda. The case study looks at how international and development
See MoreChile: Tax authority extends deadline of income tax return and payments for SMEs
On 30 April 2021, the Tax authority declared that taxpayers may file their 2021 income tax declaration until 31 May 2021, as a way to facilitate compliance with this tax responsibility, which occurs in a period marked by the health emergency and
See MoreSlovenia: MoF proposes several amendments to tax changes
On 16 April 2021, the Slovenian Ministry of Finance (MoF) has proposed several amendments to tax changes including the Bill on Amendments to the Value Added Tax (VAT) Act, the Bill on Amendments to the Corporate Income Tax Act, and the Bill on
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