Articles

Bulgaria – Tax Bill submitted to parliament

On 11 October 2016, Tax Bill No. 602-01-57 was submitted to the parliament. The most important aspects of the Bill include the following: – the introduction of obligatory electronic filing for companies; – the deadline of 30 September of a tax year for companies wishing to file adjustments to tax returns; – the introduction of…
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Luxembourg – Budget 2017 presented to parliament

On 12 October 2016, Budget Bill No. 7050 was submitted to the parliament. The most important fiscal measures are summarized below. Arm's length principle A new article 56bis will be included in the Income Tax Act (ITA), which codifies the arm's length principle. The new article provides that companies have to determine an arm's length…
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