PRISM Tax Newsletter
2nd Quarter 2023 issue
The latest PRISM, the quarterly-issued Reanda international tax newsletter, provides updates and insights about the recent international taxation changes and topical issues.
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利安达国际税务季刊PRISM
2023年第2季
利安达国际最新一期税务季刊，让您掌握最新的国际税务动态与热门话题。 欢迎点击以下链接阅读！
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焦点内容 Highlights
Bangladesh
Tax exemption for software and IT-enabled service (Section 44 of IT Ordinance 1998)
Bangladesh has allowed income tax exemption for software development business and information technology-enabled service sector from 1st July 2005 to 30th June 2024 for both resident and non-resident persons. This tax exemption allows the said sector to accelerate international communication for the economic growth of the country and to cope with the challenge of globalization. As a result, the country has made tremendous progress in the field of communication technology. Side by side, a large number of non-residents are investing in the tax exempted software sector of the economy. The ordinance also provides section 44(5) with a condition to submit an income tax return for availing tax exemption by the person engaged in software development and IT-enabled services.
孟加拉
软件和信息技术服务免征税款（1998年《信息技术条例》第44条）
软件和信息技术服务免征税款（1998年《信息技术条例》第44条）
孟加拉国允许居民和非居民从 2005 年 7 月 1 日至 2024 年 6 月 30 日期间免征软件开发业务和信息技术服务行业所得税。允许上述行业免税将有助孟加拉国加速国际交流、促进经济增长，并应对全球化带来的挑战，让孟加拉国在通信技术领域取得了巨大进展，与此同时大量非居民投资当地的免税软件行业。该条例也在第 44(5) 条中规定，从事软件开发和信息技术服务的人必须提交所得税申报表以享受免税待遇。
Greece
Greek Economy: Outlook for the second quarter of 2023 and beyond
Greek Economy: Outlook for the second quarter of 2023 and beyond
As Greece enters the second quarter of 2023, the country's economy continues its path of recovery and growth. Despite the challenges posed by global geopolitical events and ongoing economic uncertainties, there are positive indicators that point to a promising outlook for Greece. Economic forecasts for 2023 show growth of 2.4%, with inflation close to 4.3% and a primary surplus close to 2%.
The Greek economy has shown resilience and has been on a steady path of recovery in recent years. As the second quarter of 2023 begins, this trend is expected to continue. GDP growth is projected to accelerate, driven by factors such as increased domestic consumption, strong exports, and continued investment in key sectors. The government's commitment to structural reforms and fiscal discipline has helped create a stable economic environment that boosts investor confidence and moves Greece closer to the investment grade of rating agencies.
希腊
希腊经济：2023年第二季度及未来前景
希腊经济：2023年第二季度及未来前景
进入2023年第二季度，希腊经济继续复苏和增长。尽管面临全球地缘政治事件和不明朗经济所带来的挑战，但亦有些正面数据显示希腊的前景乐观。2023年的经济增长预测为2.4%，通胀率接近4.3%，基本盈余接近2%。
近年来，希腊经济表现出弹性，稳步复苏。随着2023年第二季度开始，预计这趋势将会延续。受国内消费增加、出口强劲和关键行业持续获投资等因素推动下，国内生产总值预计将加速增长。另外，政府对于结构改革和财政纪律的决心，有利创造稳定的经济环境，增强投资者信心，使希腊迈向达到评级机构的投资等级。India
LIBOR Reform – Practical aspects of Transfer Pricing implication due to discontinuance of LIBOR
印度
LIBOR改革 – LIBOR终止对转让定价的实际影响
LIBOR Reform – Practical aspects of Transfer Pricing implication due to discontinuance of LIBOR
The discontinuation of LIBOR, a widely used global interest rate, has transfer pricing implications for multinational enterprises (MNEs). To adapt to this change, MNEs need to renegotiate their intercompany financing agreements tied to LIBOR and transition to Alternative Reference Rates (ARRs) such as SOFR, SONIA, €STR, SARON, and TONA. However, determining appropriate ARRs and spreads for benchmarking becomes challenging due to factors like currency denomination, credit risk, and contractual differences. MNEs must ensure their revised agreements comply with the arm's length principle. Additionally, taxpayers and tax authorities may face difficulties benchmarking intragroup financial transactions without LIBOR as a reference rate.
印度
LIBOR改革 – LIBOR终止对转让定价的实际影响
伦敦银行同业拆借利率（LIBOR）作为一个全球广泛使用的利率，停用LIBOR将对跨国企业的转让定价产生影响。为了适应此转变，跨国企业需要重新协调与LIBOR相关的公司间融资协议，并改为使用替代参考利率（ARRs），如美元基准利率（SOFR）、英镑基准利率（SONIA）、欧元基准利率（€STR）、瑞士法郎基准利率（SARON）和日元基准利率（TONA）。然而，由于货币贬值、信用风险和合同差异等因素，订立合适的ARR和利差作为基准变得困难。跨国企业必须确保所修订的协议符合独立交易原则。此外，如果没有使用LIBOR作为参考利率，纳税人和税务机关在订立集团内部金融交易的基准时可能会面对困难。
Italy
Italy - Draft legislative framework for reforming the tax system
Below we will discuss some key points that may interest foreign investors.
意大利
意大利改革税制的草案立法框架
Italy - Draft legislative framework for reforming the tax system
The Council of Ministers on 16 March 2023 approved a draft legislation directing the government to reform the tax system, which was one of the priorities identified in the National Recovery Plan. The Parliament will finalize a framework by issuing an Enabling Law, allowing the government to implement the reform in detail.
The reform aims to reduce the tax burden, improve legal certainty, minimize litigation, enhance the relationship between tax authorities and taxpayers, and attract foreign capital in line with OECD recommendations on Base Erosion and Profit Shifting (BEPS), including Pillar Two measures.
Below we will discuss some key points that may interest foreign investors.
意大利
意大利改革税制的草案立法框架
意大利内阁于2023年3月16日批准一项草案立法，指导政府改革税制，为国家复苏计划中优先事项之一。议会将通过颁布一项授权法来确定最终框架，使政府能够仔细落实改革。
此次改革旨在减轻税务负担、提高法律确定性、减少诉讼、提升税务机关与纳税人之间的关系及吸引外国资本，与经济合作暨发展组织（OECD）对于税基侵蚀与利润移转（BEPS）以及“支柱二”方案在内的指导方针一致。下文将讨论几个外国投资者感兴趣的重点。
Malaysia
The National E-Invoicing Initiative (NEI)
马来西亚
国家电子发票倡议
马来西亚内陆税收局在 2023 年 5 月 22 日发表媒体公告，宣布将分阶段实施电子发票。 企业应在等候各项技术细节公布期间，提前规划于2027 年全面实施电子发票。
The National E-Invoicing Initiative (NEI)
In a recent media release dated 22 May 2023, the Inland Revenue Board (IRB) of Malaysia announced that the proposed implementation of e-invoicing would be held in stages. Businesses should plan ahead on the implementation of e-invoicing in the year 2027 while waiting for further announcements on technical details.
马来西亚
国家电子发票倡议
马来西亚内陆税收局在 2023 年 5 月 22 日发表媒体公告，宣布将分阶段实施电子发票。 企业应在等候各项技术细节公布期间，提前规划于2027 年全面实施电子发票。
Nigeria
Approval for the implementation of the 2023 Fiscal Policy Measures and tariff amendments
尼日利亚
批准实施2023年财政政策措施和关税修正案
2023 年 4 月 20 日，财政、预算与国家计划部部长批准通过尼日利亚总统穆罕默杜‧布哈里提交的 2023 年财政政策措施（FPM）。
获通过的 2023 年财政政策措施包括：实施 2022-2026 年西非国家经济共同体共同对外关税（CET） 的补充保护措施（SPM）、修订酒精饮品、香烟及烟草产品的消费税、引入单次使用塑胶（SUP）的消费税等。
Approval for the implementation of the 2023 Fiscal Policy Measures and tariff amendments
On 20 April 2023, the Honorable Minister of Finance, Budget and National Planning confirmed the approval of the 2023 Fiscal Policy Measures (FPM) by President Muhammadu Buhari of Nigeria.
The approved 2023 Fiscal Policy Measures (FPM) includes the Supplementary Protection Measures (SPM) for the implementation of the ECOWAS Common External Tariff (CET) 2022 – 2026, revised excise duty on alcoholic beverages, cigarettes, and tobacco products, introduction of excise duty on Single Use Plastics (SUPs) amongst others.
尼日利亚
批准实施2023年财政政策措施和关税修正案
2023 年 4 月 20 日，财政、预算与国家计划部部长批准通过尼日利亚总统穆罕默杜‧布哈里提交的 2023 年财政政策措施（FPM）。
获通过的 2023 年财政政策措施包括：实施 2022-2026 年西非国家经济共同体共同对外关税（CET） 的补充保护措施（SPM）、修订酒精饮品、香烟及烟草产品的消费税、引入单次使用塑胶（SUP）的消费税等。
Pakistan
FBR and provinces notify uniform “Place of Provision of Services Rules, 2023”
The Federal Board of Revenue (FBR) and Provincial Revenue authorities have notified uniform “Place of Provision of Services Rules, 2023”, pertaining to the determination of the place of provision of taxable services, which will be applicable from May 1, 2023, while the Electric Power Transmission Lines Services rules would be applicable from July 1, 2023, for which the Sales Tax Act would be amended through the next Finance Bill.
The rules have specified the place of provision of services relating to advertisement, advertising agents, insurance and reinsurance, insurance agents, franchise services, intellectual property, and licensing services, and the place of provision of services relating to the transportation of goods.
The Federal Board of Revenue (FBR) and Provincial Revenue authorities have notified uniform “Place of Provision of Services Rules, 2023”, pertaining to the determination of the place of provision of taxable services, which will be applicable from May 1, 2023, while the Electric Power Transmission Lines Services rules would be applicable from July 1, 2023, for which the Sales Tax Act would be amended through the next Finance Bill.
The rules have specified the place of provision of services relating to advertisement, advertising agents, insurance and reinsurance, insurance agents, franchise services, intellectual property, and licensing services, and the place of provision of services relating to the transportation of goods.
巴基斯坦
联邦税务局和省税务局公布划一的《2023年服务提供地点守则》
联邦税务局和省级税务机关公布划一的《2023年服务提供地点守则》，守则将于2023年5月1日起生效，以确定应税服务的提供地点。同时，输电线路服务守则将于2023年7月1日起生效，为此《销售税法》将于下一个财政法案修订。
有关守则订明与广告、广告代理、保险与再保险公司、保险代理、特许经营服务、知识产权、许可证服务以及与货运相关的服务提供地点。
联邦税务局和省税务局公布划一的《2023年服务提供地点守则》
联邦税务局和省级税务机关公布划一的《2023年服务提供地点守则》，守则将于2023年5月1日起生效，以确定应税服务的提供地点。同时，输电线路服务守则将于2023年7月1日起生效，为此《销售税法》将于下一个财政法案修订。
有关守则订明与广告、广告代理、保险与再保险公司、保险代理、特许经营服务、知识产权、许可证服务以及与货运相关的服务提供地点。
Saudi Arabia
沙特阿拉伯
向非海灣合作委員會的国家应税居民退还增值税
根据沙特阿拉伯增值税执行条例第（70）条的规定，居住在海湾合作委员会国家以外、在沙特阿拉伯从事经济活动的人士，可以申请成为合资格人士，以退回沙特阿拉伯向他们征收的商品或服务税款（增值税）。退还税款申请获批与否视乎受天课、税务与海关总局的监管和研究。
Refund of value-added tax to the taxable persons who are not residents of the GCC countries
Persons carrying on an economic activity residing outside the Gulf Cooperation Council (GCC) countries may apply for registration as qualified persons for the purposes of recovering the tax (Value Added Tax/ VAT) that they charged on goods or services supplied to them by a taxable person in the Kingdom of Saudi Arabia in accordance with the procedures described in Article (70) of the executive regulations for the value-added tax. Accepting the tax refund application is subject to controls and studies by the Zakat, Tax and Customs Authority.
Persons carrying on an economic activity residing outside the Gulf Cooperation Council (GCC) countries may apply for registration as qualified persons for the purposes of recovering the tax (Value Added Tax/ VAT) that they charged on goods or services supplied to them by a taxable person in the Kingdom of Saudi Arabia in accordance with the procedures described in Article (70) of the executive regulations for the value-added tax. Accepting the tax refund application is subject to controls and studies by the Zakat, Tax and Customs Authority.
沙特阿拉伯
向非海灣合作委員會的国家应税居民退还增值税
根据沙特阿拉伯增值税执行条例第（70）条的规定，居住在海湾合作委员会国家以外、在沙特阿拉伯从事经济活动的人士，可以申请成为合资格人士，以退回沙特阿拉伯向他们征收的商品或服务税款（增值税）。退还税款申请获批与否视乎受天课、税务与海关总局的监管和研究。
Singapore
Singapore Transfer Pricing Overview
新加坡
新加坡转让定价概况
近年来，由于企业拓展国际业务，转让定价已成为全球税务机关和政府关注的重点。随着转让定价的格局出现变化，新加坡国内税务局为新加坡企业提供更清晰的转让定价指南，确保关联交易方遵循独立交易原则。在新加坡，转让定价指南可在新加坡国内税务局的转让定价电子税务指南中找到，而该指南大部分参照了经济合作暨发展组织的转让定价指南。
Singapore Transfer Pricing Overview
In recent years, transfer pricing has become a key focus for tax authorities and governments across the globe as businesses expand internationally. With the changes in the transfer pricing landscape, the Inland Revenue Authority of Singapore (IRAS) has provided clearer transfer pricing guidelines for businesses in Singapore to ensure that the arm’s length principle is adhered to for related party transactions. In Singapore, transfer pricing guidance is found in the IRAS e-Tax Guide on Transfer Pricing Guidelines, which largely follows the OCED Transfer Pricing Guidance.
新加坡
新加坡转让定价概况
近年来，由于企业拓展国际业务，转让定价已成为全球税务机关和政府关注的重点。随着转让定价的格局出现变化，新加坡国内税务局为新加坡企业提供更清晰的转让定价指南，确保关联交易方遵循独立交易原则。在新加坡，转让定价指南可在新加坡国内税务局的转让定价电子税务指南中找到，而该指南大部分参照了经济合作暨发展组织的转让定价指南。
Turkey
Favorable Tax Rate for Transit Trade Operations
巴西
有利过境贸易业务的税率
Favorable Tax Rate for Transit Trade Operations
Türkiye has enacted legislation welcoming international transit traders with a 50% exemption on the corporate income tax base, which lowers the effective tax rate to 10%, which is very competitive compared to European region legislations. As a result, together with the geographical advantage of the state and the logistics and manpower logistics close to Europe, the international traders to be structured in Türkiye have been promoted with a supportive tax rate.
巴西
有利过境贸易业务的税率
为了吸引国际过境贸易商，土耳其颁布新法例，豁免50%的企业所得税税基，实际税率降低至10%，这项法例比欧洲其他地区的税法更具竞争力。因此，凭着土耳其的地理优势以及靠近欧洲的货物和人力资源流动，再加上优惠税率，土耳其可望发展国际贸易。
UAE
UAE Corporate Tax: It’s time to wake up and smell the coffee!
The United Arab Emirates (UAE) has introduced a corporate tax law, which marks a significant change in the country's tax policy. The move is part of the government's efforts to increase revenue and diversify its economy away from reliance on oil revenues. In this article, we explore the contents of the new corporate tax law and how much it is influenced by the OECD’s BEPS and MLI initiatives. We also deliberate on the common mentality of the businesses it is applicable to and the imminent need to wake up and start taking it seriously.
阿联酋
阿联酋企业税法出台
阿拉伯联合酋长国（阿联酋）的企业税法现正出台，标志着阿联酋的税收政策的重大转变。此举为政府增加收入并推动经济从依赖石油收入到多样化发展的措施。本文将探讨新企业税法内容，以及探讨此税法如何受经济合作暨发展组织的税基侵蚀与利润转移（BEPS）和多边工具（MLI） 行动计划的影响。本文也提及企业对此项新税法的普遍心态，以及此项新税法须认真看待的迫切需要。
UAE Corporate Tax: It’s time to wake up and smell the coffee!
The United Arab Emirates (UAE) has introduced a corporate tax law, which marks a significant change in the country's tax policy. The move is part of the government's efforts to increase revenue and diversify its economy away from reliance on oil revenues. In this article, we explore the contents of the new corporate tax law and how much it is influenced by the OECD’s BEPS and MLI initiatives. We also deliberate on the common mentality of the businesses it is applicable to and the imminent need to wake up and start taking it seriously.
阿联酋
阿联酋企业税法出台
阿拉伯联合酋长国（阿联酋）的企业税法现正出台，标志着阿联酋的税收政策的重大转变。此举为政府增加收入并推动经济从依赖石油收入到多样化发展的措施。本文将探讨新企业税法内容，以及探讨此税法如何受经济合作暨发展组织的税基侵蚀与利润转移（BEPS）和多边工具（MLI） 行动计划的影响。本文也提及企业对此项新税法的普遍心态，以及此项新税法须认真看待的迫切需要。
UK
英国
2023/24新税务年度基础 - 所得税自我评估
从2023/24年度开始，英国皇家税务及海关总署（HMRC）调整所得税自我评估制度中个体经营者和合伙企业合伙人的利润计算规定。数百万非法人企业的会计期间与英国税务年度4月5日或3月31日结束不同，他们将受到新规定的影响。根据新规定，企业需要为其在税务年度（基期）内产生的利润纳税，而非在税务年度完结的会计年度内为其产生的利润纳税。
The new tax year basis 2023/24 - Income Tax Self-Assessment
From 2023/24, HM Revenue & Customs (HMRC) have changed the rules on calculating profits for sole traders and partners in a partnership for Income Tax within the self-assessment regime. This will affect millions of unincorporated businesses that currently have accounting periods that do not align with the UK tax year ending 5 April or 31 March. Under the new rules, businesses will pay tax on their profits arising in the tax year (basis period) and not on profits for the accounting year ending within the tax year.
From 2023/24, HM Revenue & Customs (HMRC) have changed the rules on calculating profits for sole traders and partners in a partnership for Income Tax within the self-assessment regime. This will affect millions of unincorporated businesses that currently have accounting periods that do not align with the UK tax year ending 5 April or 31 March. Under the new rules, businesses will pay tax on their profits arising in the tax year (basis period) and not on profits for the accounting year ending within the tax year.
英国
2023/24新税务年度基础 - 所得税自我评估
从2023/24年度开始，英国皇家税务及海关总署（HMRC）调整所得税自我评估制度中个体经营者和合伙企业合伙人的利润计算规定。数百万非法人企业的会计期间与英国税务年度4月5日或3月31日结束不同，他们将受到新规定的影响。根据新规定，企业需要为其在税务年度（基期）内产生的利润纳税，而非在税务年度完结的会计年度内为其产生的利润纳税。