Tax amendments applicable from January 1, 2021

Amendments to the Income Tax Act, Profit Tax Act and Value added Tax act, all effective from January 1, 2021, are bringing reduced tax rates in […]

Non-taxable benefits in kind effective from September 1, 2019

Amendments to the Income Tax Acts, effective from September 1, 2019, have introduced new non-taxable remuneration that employers can pay to their employees. Thus, income tax […]

Interest rate on related-party loans

According to Corporate profit tax Act, the interest rate on loans between related parties relate to loans between profit tax resident and non-resident as well as […]

Confirmation of business premises data

Changes and amendments of The cash transaction fiscalization act (Official gazette no. 115/16) which came into force on 1 July, 2017 prescribe an obligation for all […]