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 withholding tax rate of 13%, which was supposed to apply on profits accrued in tax years starting from 1 January 2021 and confirms the application of the 7% rate as from 1 January 2021.
See the story in Regfollower
BrazilMain corporate tax rate: On 21 September 2021, Senate announced that the Senate would analyze the tax reform bill that changes income tax rules.  Accordingly, the corporate income tax rate (IRPJ) will be reduced from 15% to 8%, after the implementation of an additional 1.5% of the Financial Compensation for the Exploitation of Mineral Resources (CFEM).
See the story in Regfollower
Colombia Main corporate tax rate: On 14 September 2021, Colombia has approved the new Tax Reform Bill 2021. Accordingly, the corporate tax rate will be increased from 30% to 35% in 2022. The bill also 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.
See the story in Regfollower
CyprusE-filing: On 24 September 2021, Cyprus’s Ministry of Finance has issued a decree providing a further extension of electronic submission of tax returns for business (TD4) for the fiscal year 2019. The new deadline is 30 November 2021. Previously, it was extended from 31 March 2021 to 30 September 2021.
See the story in Regfollower
Denmark Incentives on Industry/manufacturing: On 7 September 2021, the Danish government proposed to make permanent the current temporarily increased deduction for research and development expenses of companies under an economic and social plan. The proposal would permanently extend the increased deduction of 130%.
See the story in Regfollower
EgyptTaxation of capital gains: On 6 September 2021, the Egyptian Ministry of Finance has issued Decree No. 428 of 2021 clarifying rules and instructions for the tax treatment of capital gains resulting from the disposal of securities, shares, and treasury bills, as well as the stamp tax on dealing in securities.
See the story in Regfollower
FinlandIncentives on Industry/manufacturing: On 9 September 2021, the Finnish Ministry of Finance published the government’s budget proposal for 2022. The budget includes that for 2022-2027, companies can make an additional tax deduction of 150% on research and development expenses related to research and development cooperation between companies and research institutions. To support growth and investment, the government is extending the temporary double depreciation rules for machinery and equipment until 2024–2025.
See the story in Regfollower
GreeceMain corporate tax rate: On 11 September 2021, the Greek Prime Minister announced that the corporate tax rate would be reduced from 24% to 22% on a permanent basis. In addition, small and medium-sized businesses are taxed at 15.5%.
See the story in Regfollower
IndiaInterest on late payments: On 17 September 2021, in the DIT vs Mitsubishi Corporation case, the Supreme Court ruled that a taxpayer should not liable for interest on late tax advances prior to fiscal 2012/2013 if the income payer failed to deduct the tax at source.
See the story in Regfollower
Filing return: On 9 September 2021, the Central Board of Direct Taxes (CBDT) has issued a press release announcing the deadline extensions for filing income tax returns and various audit reports for the 2021-22 tax year. According to the CBDT press release, the due date of furnishing the Income Tax Return for the Assessment Year 2021-22, which was 30 September 2021, has been further extended to 31 December 2021. The CBDT also extended the ITR filing deadline for companies till 31 January 2022.
See the story in Regfollower
Kenya  Treatment of losses: On 22 September 2021, the Kenya Revenue Authority issued a public notice announcing the withdrawal of a decision regarding the treatment of tax losses when calculating profits. From now on, all taxpayers must prepare a separate invoice for each source of income indicated, and in the event of a loss, that loss may only be deducted from that person’s profits or gains from the indicated source in the following year, or subsequent years of income in so far as the loss has not already been deducted.
See the story in Regfollower
MexicoWithholding rates-Banks: On 8 September 2021, the Mexican Executive Branch has submitted Economic Package for the fiscal year 2022 including a proposal of Tax Reform. The proposal reduces the withholding income tax rate from 0.97% (applicable in 2021) to 0.08% applicable to interest payments made by financial institutions.
See the story in Regfollower
Puerto Rico Filing return: On 20 September 2021, the Puerto Rico Department of State has issued Administrative Order 2021-05, extending the due date to 22 November 2021 for filing annual corporate reports for 2020 due to the ongoing Covid-19 pandemic.
See the story in Regfollower 
Russia Interest on late payment: On 10 September 2021, the Russian Central Bank has announced the decision to increase the interest rate from 5.5% to 6.75% with effect from 13 September 2021.
See the story in Regfollower
Sri LankaDue dates main corporate income tax: On 29 September 2021, the Inland Revenue Department of Sri Lanka published a notice on the final payment deadline for income tax for the 2020-21 assessment year, due on September 30, 2021.
See the story in Regfollower
UkraineInterest on late payment: On 9 September 2021, the National Bank of Ukraine has decided to increase its interest rate from 8% to 8.5% per annum with effect from 10 September 2021. The interest rate has a tax effect on the late tax payment interest and penalties which is equal to 120% of the National Bank rate and also increases in the penalty interest rate from 9.6% to 10.2% per annum.
See the story in Regfollower