World Tax Brief: September 2022
Argentina Advance payments due: On 16 August 2022, the Argentine tax authority published General Resolution No. 5248/2022, requiring a one-time tax payment for certain large companies that benefitted from deducting losses due to the
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World Tax Brief: June 2022
Argentina Filing return: On 28 April 2022, the Federal Public Revenue Administration published General Resolution 5189/2022 of 28 April 2022, which extends the submission deadline of the corporate tax returns to between 23 and 26 May
See MoreWorld Tax Brief: May 2022
ArgentinaPayment of tax: On 30 March 2022, the Federal Public Revenue Administration published a General Resolution which extends payment facilities for small and medium enterprises that is taxpayer’s preferential installment terms and interest
See MoreWorld Tax Brief: April 2022
China Tax payment: On 28 February 2022, the Ministry of Finance and State Administration of Taxation of China jointly issued Announcement No. 2 of 2022 extending the tax payment deferral policy for SMEs, especially in the manufacturing
See MoreWorld Tax Brief: March 2022
EcuadorIncentive for industry/manufacturing: On 22 February 2022, the Ecuadorian government presented a bill in the National Assembly that introduced a new tax regime for special economic zones (SEZs) to attract investments. The proposed regime
See MoreWorld Tax Brief: February 2022
AlgeriaIncentives on industry/manufacturing: On 30 December 2021, the Finance Ministry Officially published the 2022 Finance Law. Accordingly, qualifying manufacturing companies are granted a reduced corporate tax rate of 10% on profits reinvested
See MoreWorld Tax Brief: January 2022
Armenia Interest received: On 14 December 2021, the Armenian Central Bank has announced the decision to increase the key rate from 7.25% to 7.75% with effect from December 2021. The interest rate of the Central Bank is used for the purposes of
See MoreWorld Tax Brief: December 2021
AustriaMain corporate tax rate: On 8 November 2021, the Austrian Federal Ministry of Finance (MOF) published a draft law on the eco-social tax reform bill 2022. Subsequently, the corporate tax rate will reduce from 25% to 24% in 2023 and from 24%
See MoreWorld Tax Brief: November 2021
Belgium Interest on late payments: On 27 October 2021, the Federal Public Service has published the late payment interest for companies. According to the notice, the interest rate is set at 4% for the 2022 calendar year.See the story in
See MoreWorld Tax Brief: October 2021
ArgentinaWithholding tax on dividends: On 26 August 2021, the Federal Public Revenue Administration (AFIP) published General Resolution 5060/2021 to update previous General Resolution 4478/2019. Accordingly, this update eliminates the alternative
See MoreWorld Tax Brief: September 2021
Botswana Withholding tax rates: On 30 June 2021, the Minister of Finance and Economic Development enacted the budget for 2021/22. Accordingly, the general withholding tax rate increased from 7.5% to 10% on dividends paid to both resident and
See MoreWorld Tax Brief: August 2021
ArgentinaE -filing: On 22 July 2021, the Federal Finance Administration (AFIP) officially published a resolution announcing that online payment service providers will have to comply with a new information regime for electronic payment processing
See MoreWorld Tax Brief: July 2021
ArmeniaIncentives on industry and manufacturing: On 26 May 2021, the Parliament of Armenia has approved a bill on extending the tax incentives for exporters to 31 December 2029. The provided incentive was scheduled for 31 December 2021 for resident
See MoreWorld Tax Brief: June 2021
Argentina Incentives for small business: On 17 May 2021, the Federal Administration of Public Revenue (AFIP) published a General Resolution 4992/2021 of 17 May 2021 to extend a payment facility for small and medium enterprises (SMEs). This payment
See MoreWorld Tax Brief: May 2021
AlgeriaFiling return: The Directorate General of Taxes has recently issued a communiqué, which provides an extension of the filing deadline of annual tax returns (including balance sheet and appendices) 2020 until 30 June 2021 for all
See MoreWorld Tax Brief: April 2021
ArgentinaMain corporate tax rate: Argentina's government is reportedly finalizing a draft bill that would provide for the introduction of new progressive corporate income tax rates. The proposed amendments to the Income Tax Law would apply to
See MoreWorld Tax Brief: March 2021
ArgentinaIncentive for small business: On 26 January 2021, the Federal administration of Public Revenue published General Resolution regarding the extension of tax payment facility for small and medium enterprises from 31 January 2021 until 31
See MoreWorld Tax Brief: February 2021
AlgeriaTaxation of capital gains: On 31 December 2020, the President signed the Finance Act for the year 2021. The Act introduced a 15% capital gains tax on the real estate and securities transactions and describes calculations and liability for
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