Measures To Avoid International Double Taxation

On numerous occasions, individuals and entities may be exposed to being taxed on the same income, profit, or asset in more than one country due to discrepancies in tax regulations between jurisdictions. This tax issue can generate a duplicate tax burden, negatively impacting those individuals and legal entities that carry out their operations internationally. For…

Form 232 and its implications for reporting related parties

Form 232 is an information return in which the Tax Agency is informed of related-party transactions and transactions and situations related to countries or territories classified as tax havens. Related-party transactions are regulated in Article 18 of the Corporate Income Tax Act. The deadline for filing this form is within the month following the ten…