Month: May 2017

DLO’s Tax Newsletter Issue 76 April 2017   Inside this Issue Tax Laws Update 1. Tax evasion and or tax fraud now constitutes the offense of money laundering 2. Tax Exemption for national team athletes and coaches for prizes awarded at sporting events 3. Tax incentive for corporate entities investing in the infrastructure or development and reconstruction of tourist attractions in rural areas 4. 200% tax concession rate for senior employee wages 5. Penalties, surcharges and fines are disallowable expenses according to the Revenue Code 6. Revenue Officers not permitted to extend summons after 5 year period   Tax News 1. Land and Building Tax Code passed the first reading of the Bill by the National Assembly 2. Amendment of the Revenue Code   Interesting Deka (Supreme Court Judgment) Deka                      (Supreme Court Judgment No. 5695/2559), in re: Between                […]