In determining accounting profit, companies must establish certain provisions, such as a provision for a risk of loss or for certain expenses. These provisions are normally deductible for tax purposes if they provide for clearly specified losses or expenses that are likely to occur and if they appear in the financial statements and in a specific statement in the tax return.
On 20 March 2023, Bermuda's Parliament approved the Land Tax Amendment Act 2023. The legislation provides for an increase in the top two land tax...
On 21 March 2023, Kenya's Cabinet approved the ratification of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base...
The OECD has published an updated (consolidated) MLI position deposited by Slovenia on 23 March 2023. The update concerns the 2016 income tax trea...
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