Category: Taxation
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Section 25 of the Tax Administration Act, 2011 in South Africa
Section 25 of the Tax Administration Act, 2011, deals with the submission of tax returns in South Africa. Anyone required to submit a return must do so in the form and manner prescribed by SARS (South African Revenue Service). The return must contain all information prescribed by SARS or by a tax Act, and it must be a full…
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Article 11-2 of the Law for Coordination of International Tax Affairs (LCITA) in Korea
Article 11-2 of the Law for Coordination of International Tax Affairs (LCITA) in Korea is a specific provision within the broader framework of the LCITA, which is designed to prevent double taxation and tax avoidance, and to facilitate international cooperation in tax matters. The LCITA is the principal legislative basis for Korea’s transfer pricing, international tax…
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Article 134 of the Tax Code of the Republic of Kazakhstan
Article 134 of the Tax Code of the Republic of Kazakhstan regulates the taxation of certain categories of organizations, specifically non-profit organizations and those engaged in activities within the social sphere. It establishes the conditions under which these organizations may be subject to special rules for determining taxable income and the relevant tax reporting requirements.…
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Tax Administration Act § 8-13 in Norway
Section 8-13 of the Norwegian Tax Administration Act (skatteforvaltningsloven) concerns the obligation to submit a notification for registration regarding value added tax (VAT, merverdiavgift) and special taxes (særavgifter). The provision states: “Den som skal registreres for merverdiavgift eller særavgifter, skal levere melding om dette til skattemyndighetene.”(Those who are required to register for VAT or special taxes…
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Corporate Income Tax Act (CITA), Articles 92a–92d in Bulgaria
Articles 92a–92d of the Bulgarian Corporate Income Tax Act (CITA) relate to the procedures and requirements for the annual corporate tax return, declarations, and associated obligations for corporate taxpayers in Bulgaria. While the full text of these specific articles is not directly quoted in the search results, the context and related provisions can be summarized…
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Act on the Disclosure and Exchange of Information on Tax Matters (448/2017) in Finland
The Act on the Disclosure and Exchange of Information on Tax Matters (448/2017) in Finland implements the European Union’s directives regarding the mandatory disclosure and exchange of information on tax matters, particularly focusing on cross-border tax arrangements and cooperation between tax authorities. This act is a key component of Finland’s commitment to international tax transparency…
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Order HFP/1978/2016 (Spain)
The Order HFP/1978/2016, dated December 28, establishes Form 231 for the Country-by-Country Reporting (CbCR) in compliance with the recommendations of the OECD’s Base Erosion and Profit Shifting (BEPS) Action Plan. This form is designed to assess risks related to transfer pricing policies within multinational groups, but it does not allow direct adjustments by the tax authorities. Key Points:…
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Article 13.1 of the Corporate Income Tax Regulations (Spain)
Article 13.1 of the Corporate Income Tax Regulations (Reglamento del Impuesto sobre Sociedades, RIS), approved by Royal Decree 634/2015, regulates information and documentation on related entities and transactions. This article establishes that entities resident in Spain that qualify as the parent of a group, as defined in Article 18.2 of the Corporate Income Tax Law (LIS),…
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Article 76-A of the Mexican Income Tax Law in Mexico
Article 76-A of the Mexican Income Tax Law (Ley del Impuesto sobre la Renta, LISR) outlines specific obligations for taxpayers involved in transactions with related parties. These obligations focus on filing annual informative declarations to ensure compliance with transfer pricing rules and transparency in multinational operations. Below are the key details: Obligations Under Article 76-A Taxpayers…
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Income Tax Act 1959 in Papua New Guinea
The Income Tax Act 1959 is a foundational legislative framework in Papua New Guinea that governs the imposition, assessment, and collection of income tax. Below is an overview of its key features: Key Provisions The Act imposes income tax on individuals and entities operating in Papua New Guinea, including residents and non-residents under specific conditions. It includes…
