June Direct Taxation Newsletter - Issue 12/2021


We would like to inform you that on the 17th of May 2021, the Tax Department has issued an Implementing Guideline (15/2021) which provides useful clarifications in relation to the tax treatment of the impact on the financial statements from the application of IFRS 9, IFRS 15 and IFRS 16 for the purposes of the calculation of Income Tax as well as the Deemed Dividend Distribution (DDD) that is subject to Special Defence Contribution (SDC).

14 June 2021
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