Volume 2 No. 2

Volume No. V2N2

Tax and Estate Planning Considerations for Foreign Persons Under Philippine Law
By Maria Gracia M. Pulido Tan (Philippines)

The Opportunity Zone Tax Benefit: How Does It Work and Can Foreign Investors Benefit?
By Galia Antebi and Nina Krauthamer (USA)

Austria: Highlights of the Annual Tax Act of 2018
By Niklas Schmidt, Eva Stadler, Melanie Dimitrov and Cynthia Pfister (Austria)

Acquiring and Owning Greek Real Estate: Costs, Evaluation and Taxation
By Theodoros Skouzos, Elena Ntafouli and Aikaterini Besini (Greece)

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Tax Tips

Meeting the April 30 Tax Deadline

Apr 19, 2021

As you may know, we have supported a request to the CRA to extend the April 30 deadline to June 15. But if the deadline is NOT extended, here are some practical tips to reduce the burden of a COVID tax season.

New Trust Reporting Requirements Starting 2021

Oct 09, 2020

As part of the Canadian government’s efforts to combat money laundering, aggressive tax avoidance and tax evasion activities relating to trusts, enhanced income tax reporting requirements for certain trusts will be required for the 2021 and subsequent taxation years. The new rules also contain harsh penalties for knowingly fail to comply with the new trust reporting requirements or non-compliance due to gross negligence…

CRA Extensions v1.1

Jul 29, 2020

On July 27, 2020, the Canada Revenue Agency (the “CRA”) announced a further extension to the tax payment and filing due dates for certain taxes from September 1, 2020 to September 30, 2020. The extension applies to current year individual, corporate, and trust tax returns, as well as instalment payments. Interest will not be charged on these amounts if payments are made by the extended deadline of September 30, 2020. Whether or not full payment is required in order to receive this relief is unclear.