Cyprus and Jordan agree to negotiate DTA
On 10 October 2017, during a meeting between the Foreign Ministers of Jordan and Cyprus, Ayman Safadi and Ioannis Kasoulides, emphasized the importance of concluding an agreement to avoid double taxation and an aviation agreement between the two
See MoreSouth Africa: SARS publishes public notice on the submission of CbC report
On 13 October 2017, the South African Revenue Service published the public notice on the submission of Country-by-Country (CbC) report, Master file, and Local file information returns under the external business requirements specification (BRS). A
See MoreTurkey: Commission accepts a proposal of corporate tax hike
A parliamentary commission accepted a proposal on October 13, 2017 to extend a planned corporate tax rise from 20% to 22% for all companies instead of just financial institutions. The increased corporation tax will set for the years 2018 to
See MoreMorocco ratifies amended DTA protocol with Bahrain
On 30 August 2017, Morocco has ratified the amending protocol of Double Taxation Agreement (DTA) with Bahrain and that was signed on 22 April
See MoreMorocco ratifies DTA with Ethiopia
On 30 August 2017, Morocco has ratified the Double Taxation Agreement (DTA) with Ethiopia and that was signed on 19 November
See MoreMorocco ratifies DTA with Ghana
On 30 August 2017, Morocco has ratified the Double Taxation Agreement (DTA) with Ghana and that was signed on 17 February
See MoreMorocco ratifies DTA with Madagascar
On 30 August 2017, Morocco has ratified the Double Taxation Agreement (DTA) with Madagascar and that was signed on 18 November
See MoreMorocco ratifies DTA with Rwanda
Morocco has ratified the Double Taxation Agreement (DTA) on August 30, 2017, with Rwanda and that was signed on 19 October
See MoreMorocco ratifies DTA with South Sudan
On August 30, 2017, Morocco has ratified the Double Taxation Agreement (DTA) with South Sudan and that was signed on 1 February
See MoreSaudi Arabia: Royal Decree on amendment to the Income tax law issued
The government of Saudi Arabia issued Royal Decree No. M/131 on 20 September 2017 modifying certain articles of the Income Tax Law (ITL). The most important amendments brought by the Royal Decree are as follows: -Shares in domestic corporations held
See MoreUAE: Penalties for noncompliance with VAT Law
The Council of Ministers adopted new fines and penalty fees for non-compliance with Value Added Tax (VAT) Law on October 2, 2017. These fines are imposed on businesses that don’t follow the new rules. Penalties for failing to follow to tax laws
See MoreMorocco: DTA signs with Zambia
On October 11, 2017, the Double Taxation Agreement (DTA) between Morocco and Zambia was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in
See MorePakistan approves updating tax treaties with Sri Lanka, Nepal, France, Tunisia, Morocco, and Portugal
On 10 October 2017, the federal cabinet has granted approval to amend existing conventions on avoidance of double taxation treaties with Sri Lanka, Nepal, France, Portugal, Tunisia and Morocco for avoiding double taxation and the prevention of
See MoreTurkey: TIEA with Isle of Man enters into force
A new Information Exchange Agreement regarding tax matters (TIEA) was entered into force on October 7, 2017 between the Turkey and the Isle of Man. This Agreement provides for the effective exchange of information regarding tax matters between the
See MoreZambia: Budget for 2018
Finance Minister of Zambia presented the 2018 National Budget for the year 1 January 2018 to 31 December 2018 to the National Assembly on 29th September 2017. Budget for 2018, which lays out the various expenditure and revenue measures aimed at
See MoreNigeria: New application guidelines issues on pioneer status tax incentive
The Nigeria Investment Promotion Commission (NIPC) issued pioneer status incentive application guidelines (NIPC Application Guidelines) for potential investors in the country. This application guidelines effects from August 1, 2017. It gives
See MoreUAE: FTA discloses online VAT registration deadlines
The Federal Tax Authority (FTA) has announced an online VAT registration systems for businesses, which is scheduled on January 1, 2018. Also, government prepares to introduce the 5% levy on January 1, 2018. The FTA website will simplify the
See MoreDTA signs between Botswana and Malta
On 2 October 2017, According to a press release of Maltese government, a Double Taxation Agreement (DTA) has been signed with Botswana for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on
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