Daniel Noboa announces reform for companies to reduce income tax by donating social housing
President Daniel Noboa announced a reform allowing companies to deduct up to 30% of their income tax when donating social housing.
βDividend Special Caseβ Companies Must Announce Plans to Enhance Corporate Value After Dividend Resolutions
Companies benefiting from special tax treatment for dividend income must publicly announce their plans to enhance corporate value within a specific timeframe following their annual shareholder meetings.
Statistics Office: 1.31 billion euros flowed into the state budget in January
In January, Estonia's state budget received 1.31 billion euros, marking a yearly decline due to a drop in corporate income tax revenue.
What are the consequences of late payment of simplified CIT advances
The article discusses the implications of making late payments on simplified advances for Corporate Income Tax (CIT) in Poland.
Income Tax Keeps Growing but Needs to Mature
Brazil's federal revenue numbers for 2025 highlight the urgent need for reforms in corporate and personal income taxation, which should be prioritized by presidential candidates.
TCU points out distortions in Simples and corporate taxation and recommends a review of IR
The TCU has conducted an audit on income taxation and recommends that the federal government propose legislative changes to reform corporate taxation and revise the personal income tax table.
Labor reform: the tax changes that would alleviate the tax burden and the modifications that were left out
Argentina's Senate is set to discuss a labor reform project that incorporates tax changes aimed at easing the fiscal burden on companies and individuals despite the withdrawal of a key proposal to cut corporate income tax.
Corporate Social Responsibility and CIT: Cost, Relief or Burden
The article discusses the implications of Corporate Income Tax (CIT) in relation to Corporate Social Responsibility (CSR) in Poland.
Daily Goods Manufacturer Executive Arrested for Tax Evasion of 120 Million Yen
Tokyo District Public Prosecutors Office arrested executive Lee Kyung-hyun on charges of hiding approximately 471 million yen in income and evading about 128 million yen in corporate taxes through fictitious import transactions.
Data transparency in transfer pricing reaches a new level
The introduction of the National e-Invoice System and a new reporting structure for corporate income tax provides tax authorities with access to a significantly broader and more detailed set of financial data in digital form.
Sale of shares in a Polish company may be tax-free
The head of the National Tax Information Office stated that a German company, a non-resident in Poland, can sell its shares in a Polish limited liability company without incurring Corporate Income Tax (CIT) obligations.
Call centre operator that won major Centrelink contract paid no corporate tax for two years
Telco Services Australia, a call centre operator for Centrelink, reported no taxable income and paid no corporate tax for two consecutive years despite generating significant revenue after securing a major contract.
Countries agreed to update the global minimum tax agreement addressing US concerns
More than 145 countries have agreed to modifications to a global minimum corporate income tax agreement from 2021 in response to U.S. concerns that original rules could disadvantage American multinational companies, as announced by the OECD.
Estonian CIT: the amnesty project is stuck, and time is running out
The Estonian Corporate Income Tax (CIT) aimed to provide a stable, investment-friendly alternative for small to medium-sized companies, but many firms face disproportionate risks due to late or flawed submissions of mid-year financial reports.
Income allocated for maintaining housing resources without corporate income tax
The article discusses how housing cooperatives rent additional spaces in residential buildings to residents under lease agreements, with the income generated being exempt from corporate income tax.
Sale of commercial property by FIZAN is subject to CIT tax
The article discusses the taxation of commercial property sales by FIZAN under the Corporate Income Tax (CIT) regulations.