Argentina: Taxpayers wait for enactment of draft decree no. 1112/2017

November 16, 2018

Government has released a draft decree No.1112/2017 for tax reform Law 27430 on December 29, 2017, but it has not officially published yet. This decree includes transfer pricing aspects, permanent establishment (PE) rules, restriction on interest

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Argentina: General Resolution 4332/2018 publishes regarding CbC reporting requirements

November 15, 2018

The Federal Administration of Public Revenues (AFIP) has published General Resolution 4332 of 8 November 2018, which includes several amendments to General Resolution 4130 regarding Country-by-Country (CbC) reporting. It enters into force from

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Argentina: AFIP publishes information regarding CbC reporting

October 25, 2018

On October 24, 2018, the tax authority (AFIP) published information regarding Country-by-Country (CbC) reporting in their website. Two information regimes are implemented in order to combat tax evasion and avoidance and the transfer of benefits to

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Nigeria: FIRS issues public notice regarding deadline set for TP documentation

October 07, 2018

The Federal Inland Revenue Service (FIRS) has previously released the Income Tax (Transfer Pricing) Regulations, 2018, which replaced the Income Tax (Transfer Pricing) Regulations, 2012. The 2018 TP Regulations, which introduced supplementary

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Nigeria: FIRS publishes a public notice regarding CbC Regulations

September 23, 2018

The Federal Inland Revenue Service (FIRS) issued a public notice on September 17, 2018. This notice provides alert that income tax country-by-country (CbC) reporting regulations S.I. no. 6, 2018 entered into force with effective from January 1, 2018

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Kazakhstan: Resolution No. 528 of 27 August 2018 publishes for amending APA process

September 13, 2018

According to Resolution No 528 of 27 August 2018 published on 6 September 2018, the review committee must complete its review within 60 working days of receipt of the application. If the application is approved, the signed contract should be sent to

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Croatia: MoF publishes a draft bill covering various sectors

August 20, 2018

The Finance Minister, Zdravko Marić, on August 16, 2018, published draft bill on amendments to the Law on administrative cooperation in tax matters. This Act shall enter into force on the eighth day after its publication in the Official Gazette

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Croatia: Parliament publishes incentive regime for R&D projects

August 06, 2018

The Parliament has published the Law on State Aid for Research and Development Projects on July 18, 2018. This Act provides for the implementation of state aid measures for R&D projects. This Law was entered into force on the eighth day after

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India: CBDT publishes notification for taxation of foreign company held as resident in India as per POEM

July 09, 2018

On 22 June 2018, the Central Board of Direct Taxes (CBDT) has issued a final Notification No. 29/2018, dealing with special transitional provisions for a foreign company said to be a resident in India on account of Place of Effective Management

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Nigeria: Cabinet approves MCAA on financial account information

July 07, 2018

The Cabinet has approved the Multilateral Competent Authority Agreement (MCAA) On July 4, 2018, regarding the automatic exchange of Financial Account Information. It was signed on August 17, 2017.  It provides exchange of information in accordance

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Nigeria: FIRS Issues guidelines for CbC reporting regulations

July 05, 2018

The Federal Inland Revenue Service (FIRS) has published the guidelines of Country by Country (CbC) Reporting Regulations on July 3, 2018. These Guidelines are issued to provide guidance to the general public and in particular, Multinational

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Bulgaria: NRA publishes 2018 handbook on corporate income tax

July 01, 2018

The National Revenue Agency (NRA) published a 2018 Handbook on June 28, 2018, regarding corporate income tax with revenue administration document. The Handbook is a useful tool for all NRA customers who want to know the nature, scope and features of

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Nigeria: Reminder on due date for submitting CIT returns for June, 2018

June 29, 2018

For companies having an accounting year end of December 31, 2017, must submit their company income tax (CIT) return by June 30, 2018 to Federal Inland Revenue Service (FIRS). They also have to submit capital gain tax (CGT), education tax (EDT), and

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Nigeria: FIRS publishes Income Tax (CbC Reporting) regulations

June 21, 2018

The Federal Inland Revenue Service (FIRS) has released the Income Tax (Country-by-Country Reporting (CbCR)) Regulations on June 19, 2018. It was published in an official gazette on January 8, 2018. This CbCR Regulations give guidelines to

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Argentina: General Resolution 4227/2018 was published in official gazette

May 08, 2018

The Argentine Tax Authorities (“AFIP”) has published General Resolution 4227/2018 on April 12, 2018 in the official gazette. It is the regulation of the income tax on financial income obtained by beneficiaries abroad. This resolution was issued

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Kazakhstan: State Revenue Authority announces introduction of TP documentation

May 02, 2018

The State Revenue Authority declared on April 25, 2018, about the introduction of a three-level method to transfer pricing documentation. The Kazakh President, signed a series of laws, including Law 122-VI on 25 December 2017 regarding transfer

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Argentina: Decree 279/2018 was published in the official gazette

April 16, 2018

The Decree 279/2018 was published on April 9, 2018 in the Official Gazette. The provisions of this decree effects from April 10, 2018. This Decree regulates the scope of the Income Tax of the financial income in order to achieve a correct

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Nigeria: President accepts VAIDS deadline extension until 30 June

April 12, 2018

The President, Muhammadu Buhari, has approved the extension of the Voluntary Assets and Income Declaration Scheme (VAIDS) to June 30, 2018 from March 31, 2018. Note that, no further extension of time will be approved after June 30, 2018. The VAIDS

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