Taxation Policies to Counter the Threat of Economic Recession and the Issuance of APA Implementing Regulation

DDTC Newsletter Vol.03 | No.07

02 April 2020

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The coronavirus outbreak compels the government to implement a series of policies to save the national economy. The policies in the taxation sector include relaxation, taxation arrangements for electronic transactions, and adjustments to face-to-face services. All policies are reviewed in this edition of the newsletter. Further, this edition reviews new regulations stipulating the procedures for advance pricing agreement implementation and the establishment of the tobacco product industrial estate.

Contents

• Taxation Policies in the Face of Economic Recession Threat
• Tax Incentives for Taxpayers Affected by the Coronavirus Outbreak
• In the Face of Corona Outbreak, Sanctions on the Late Filing of Annual Income Tax Returns are Exempted
• Exemption from Tax Penalties for the Late Filing of Periodic 1111 VAT Return
• Temporary Suspension of Face-to-Face VAT Refund Services for Tourists
• Exemption from Administrative Sanctions for the Late Filing of Periodic Article 21/26 Income Tax Return and Periodic Article 4 Paragraph (2) Final Withholding Tax Return
• Implementing Regulation of Advance Pricing Agreement Released
• Establishment of Tobacco Product Industrial Estate
• Adjustments to the Implementation of Governm

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