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 services, virtual account management and intermediary services from 1 July 2021.
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BrazilMain corporate tax rate: On 25 June 2021, the Executive Branch sent the second stage of the tax reform proposal to Congress. The Bill proposed to reduce the corporate tax rate from 34% to 31.5% in 2022 and 29% from 2023 and onwards.
Taxability of other income: Dividends would no longer be considered tax-exempt, but would be subject to a 20% withholding tax rate.
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Colombia Main corporate tax rate: On 20 July 2021, the Colombian Executive branch has submitted a new tax reform bill to Congress. The Bill proposes to increase the CIT rate to 35% from where currently the corporate income tax rate is 31% for 2021 and decreases to 30% for 2022. The bill proposes to impose a 3% surtax on income from 2022 to 2025 (for a total income tax rate of 38%) for financial institutions with taxable income of more than 120,000 tax units.
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Cyprus Late payment of tax due: On 23 July 2021, the Cyprus official gazette published a decree containing details of the extension to the scheme of settlement for overdue taxes providing partial relief from interest and penalties to the tax years 2016 through 2019. The deadline for filing requests for exemption from interest and penalties is 29 April 2022.
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DenmarkCFC: On 3 June 2021, the Danish Parliament approved Bill L 89 to amend the controlled foreign company rules with the purpose of bringing them in line with the EU Anti-Tax Avoidance Directive (ATAD). The Bill enters into force from 1 July 2021.
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EcuadorFiling return: On 13 July 2021, the SRI  published Resolution NAC-DGERCGC21-00000034, which extends the deadline for the filing of tax returns and annexes to between 21 and 29 July 2021, inclusive, for taxpayers whose tax ID number ends in 1 to 4 and whose prior deadlines fell between 10 and 16 July 2021, inclusive.
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FranceLosses-carry back: On 20 July 2021, the Government Officially published Law 2021-953 on amending Finance Law for 2021, which includes measures for loss carry back relief. According to the Law, companies will be officially allowed to carry back, on the profits recorded for the three previous financial years and without any other cap, the deficit that may be recorded for the first financial year ended from 30 June 2020 until 30 June 2021.
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India Audits: On 25 June 2021, India’s Central Board of Direct Taxes (CBDT) has issued Notifications and granting an extension of the deadlines for the tax audit (i.e. assessment) or new assessment order to 30 September 2021.
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Kenya PE rules: On 1 July 2021, Kenya published the Finance Act 2021 in the official gazette. The Act widens the scope of what constitutes a permanent establishment.
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Netherlands Tax payment procedures: The Dutch government has announced to extend the period during which taxpayers can request a special tax payment extension from the Tax and Customs Administration until 1 October 2021.
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NigeriaFiling return: On 1 July 2021, the Federal Inland Revenue Service announced that the deadline for submitting a corporate income tax return, which was due in June is to be extended until 31 July 2021.
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Pakistan Incentives for small businesses: On 30 June 2021, the Finance Act 2021 was enacted after passage by the Pakistani Parliament and the assent of the president.  A special tax regime is introduced for manufacturing SMEs.
Incentives for services: A special regime is introduced for exported services to promote IT services, freelancers, and the export of other services.
Incentives for others: New incentives are also introduced for Special Technology Zones (SEZ).
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Poland Withholding taxes due: On 26 July 2021, the Polish Ministry of Finance has released a draft bill regarding the corporate income tax for public consultation. The bill proposed to updates the withholding tax collection system in order to limit the objective and subjective scope of the withholding tax refund system.
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TanzaniaPE rules:  On 30 June 2021, the Revenue Authority Officially published the Finance Act 2021. The Act extends the concept of permanent establishment rules.
Withholding tax rates for residents:  In Finance Act 2021, a 2% withholding rate is introduced on payments by resident companies dealing with agricultural, livestock and fishery products
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Turkey Incentives for industry and manufacturing: On 28 June 2021, Turkey has published Presidential Decision No. 4191 in the Official Gazette. Accordingly, the rate of intangible assets (brand, license, know-how, etc.) accepted as investment expenditure within the scope of the incentive certificate is limited to 25% of the total fixed investment amount registered in the incentive certificate.
Incentives for others: Investments that will not be encouraged, incentives have been provided for plantation investments in a minimum area of one hundred hectares for pulp production within the framework of the relevant legislation provisions determined by the Ministry of Agriculture and Forestry.
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Ukraine Incentive on industry and manufacturing: The government recently published two draft laws on “Amending the Tax Code of Ukraine to create favourable conditions for attracting large-scale investments to the industrial park”. The bill introduces incentives for industrial production under certain conditions.
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Interest on late payments: On 22 July 2021, the National Bank of Ukraine has decided to increase its key policy rate from 7.5% to 8% per annum with effect from 23 July 2021.
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