Africa
- South Africa: The South African Revenue Service will no longer issue supplementary declaration forms (IT14SD) to companies and
Americas
- Canada: Eligible corporations have until 3 October 2022 to submit their application for the British Columbia provincial sales tax….
- Bolivia: Taxpayers with a tax identification number that ends in 5, 6, 7, 8 and 9 now have until 12 September 2022…..
- Mexico: The government published a proposed seventh resolution of modifications to the miscellaneous tax resolution 2022, which includes various changes to tax-related penalties.
Asia Pacific
- Malaysia: A monthly summary of tax developments concerns sales tax and the tax treatment of digital currency transactions, among others.
- Bahrain: The final phase of the digital stamp regime will apply to all tobacco products in Bahrain as of 16 October 2022.
- Bahrain: The National Bureau for Revenue has invited comments to provide support with the review and enhancement of the legal framework for the launch of e-invoicing in Bahrain.
Europe
- Denmark: An interest surcharge of approximately 30% could apply to VAT corrections relating to the oldest period (that is, 36 months).
- Italy: A new law aims to accelerate tax dispute resolutions and increase the efficiency and quality of decisions from the tax courts.
- Poland: A draft decree proposes to amend the national e-invoicing system.
- UK: HM Revenue & Customs updated guidance on plans to introduce “making tax digital” (MTD) for certain taxpayers within the income tax self-assessment regime from April 2024.
Source: KPMG
