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On 30 June 2022, Cyprus has introduced provisions for implementation of transfer pricing regulations in Cyprus by amending the current Cypriot Income Tax & Assessment and Collection laws.
As the global project to modernise international tax rules nears the finish line, over 130 countries have agreed on a final set of proposals for preventing base erosion and profit shifting (‘BEPS'),
From 1 July 2023 the UAE will introduce its first ever federal corporate income tax (CIT), effective across all seven individual Emirates.
From 1 July 2023 the UAE will introduce its first ever federal corporate income tax, effective across all seven individual Emirates. Most UAE companies have little experience of corporate income taxation but time is now short.
In 2022, we foresee several trends and developments that will converge to substantially impact tax controversies in the United States.