Mongolia: Parliament approves State Budget Law for 2021
The State Budget Bill for the fiscal year of 2021 was adopted at the State Great Khural’s plenary session of 13 November 2020 along with its appropriation bills. On 25 November 2020, the President of Mongolia, Battulga, refused 2021 State Budget
See MoreArgentina: Government publishes Budget Law for 2021
On 14 December 2020, the Government Officially published Law 27591 of 14 December 2020, including budget measures for 2021 to Congress amid continuing pandemic and political uncertainties. The measures are given below: The VAT and customs duties
See MoreArgentina: AFIP extends suspension on inspections, assessments, appeals
In response to corona virus pandemic, on 27 November 2020, the Federal Administration of Public Revenue (AFIP) published General Resolution 4868/2020 of 27 November 2020, providing an extension of suspension up to 31 December 2020 regarding
See MoreGreece: The AADE extends customs and VAT exemption regarding imported goods
On 2 November 2020, the Greek Public Revenue Authority (AADE) published Circular E. 2179 of 2 November 2020 regarding the customs duty and VAT exemption on the import of personal protective equipment, respirators, disinfectants, and other medical
See MoreArgentina: AFIP provides further delay on inspections, assessments, appeals
In response to corona virus pandemic, on 9 November 2020, the Federal Administration of Public Revenue (AFIP) published General Resolution 4856 of 9 November 2020, providing an additional suspension up to 29 November 2020 regarding inspections,
See MoreArgentina: AFIP provides suspension on inspections, assessments, appeals
In response to corona virus pandemic, on 26 October 2020, the Federal Administration of Public Revenue (AFIP) published General Resolution 4840 of 26 October 2020, providing an additional suspension up to 8 November 2020 regarding inspections,
See MoreArgentina: AFIP provides additional suspension regarding inspections, assessments, appeals
In response to corona virus pandemic, on 13 October 2020, the Federal Administration of Public Revenue (AFIP) published General Resolution 4835 of 13 October 2020, providing an additional suspension up to 25 October 2020 regarding inspections,
See MoreWTO: Role of trade policies in addressing plastic pollution
On 30 September 2020 the WTO Deputy Director-General addressed the role of trade policy in combating plastic pollution. Trade regulations, border duties and taxes, domestic tax law and incentives in the form of subsidies are some of the tools that
See MoreArgentina: AFIP provides additional suspension regarding inspections, assessments, appeals
In response to corona virus pandemic, on 21 September 2020, the Federal Administration of Public Revenue (AFIP) published General Resolution 4818 of 21 September 2020, providing an additional suspension up to 11 October 2020 regarding inspections,
See MoreIMF staff report on Angola
On 21 September 2020 the IMF published a staff report on Angola in connection with the third review under an extended arrangement under the IMF’s extended fund facility. Angola’s economy has been hit in 2020 by the economic and health crisis
See MoreArgentina: AFIP announces additional suspension regarding inspections, assessments, appeals
On 18 August 2020, the Federal Administration of Public Revenue published General Resolution 4794 of 18 August 2020, which provides an additional postponement in case of inspections, assessments, appeals, reimbursements, other methods related to
See MoreMexico modifies the General Customs Rules for 2020
On 24 July 2020, Mexico has published the first amendment to the General Customs Rules for 2020 in the Official Gazette. The amendments include changes to the Comprehensive Business Certification Scheme, in the VAT, VAT Certification and Authorized
See MoreArgentina: AFIP announces additional suspension regarding inspections, assessments, appeals
On 8 August 2020, the Federal Administration of Public Revenue (AFIP) published General Resolution 4786 of 3 August 2020, which provides an additional postponement in case of inspections, assessments, appeals, reimbursements, other methods related
See MoreWorld Bank: Report on benefits of African Continental Free Trade Area
On 27 July 2020 the World Bank issued a report on the economic and distributional effects of the African Continental Free Trade Area (AfCFTA). The AfCFTA agreement will connect 1.3 billion people across 55 countries with a combined GDP of USD 3.4
See MoreArgentina: AFIP announces suspension regarding tax audit, social security and customs duties
On 20 July 2020, the Federal Administration of Public Revenue (AFIP) published General Resolution 4766 of 20 July 2020, which provides additional postponement of the terms for inspections, assessments, appeals, reimbursements, and other procedures
See MoreOECD: Overview of tax measures to combat the coronavirus pandemic
On 1 April 2020 the OECD published on its website detailed information on measures taken by countries to help businesses and individuals during the coronavirus crisis. Measures to help business case flow These include tax administration
See MoreUK notifies the WTO of withdrawal from the European Union
A communication from the UK on 1 February 2020 (WT/GC/206) has set out detail on the implications for the World Trade Organisation (WTO) of its departure from the European Union (EU). The communication notifies the WTO that the UK ceased to be a
See MoreFinland: MFN clause applies in tax treaty with Lithuania
On 2 September 2019, Finnish tax authority published a statement no.67/2019 regarding the application of the most-favored nation (MFN) clause in article 12(7) (Royalties) of Finland’s tax treaty with Lithuania. Under the MFN clause, effective
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