Tax & Legal

Tax & Legal

No obligation to file electronic tax returns where economically unreasonable

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

Electronic filing of accounts – a year’s reprieve

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.

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