In a decision of the Supreme Tax Court published on 12 November 2020, the Court held that the electronic filing of an income tax return may be considered unreasonable from an economic point of view, where the cost of setting up and maintaining a system for the transmission of remote data bears no meaningful economic correlation to the income triggered by the obligation to file the tax returns electronically Continue reading
Tax & Legal
The finance ministry has published a decree announcing the availability of its XBRL taxonomy for compulsory electronic filing on the accounts in support of the tax returns for all years beginning on or after January 1, 2012. However, no exception will be taken to those filing in the traditional way for the first year of the new system.
The finance ministry has published its draft taxonomy for the electronic filing of accounts in support of the tax returns. The final version is expected to be ready for 2011 filings.