Tax newsletter - January 2024

Key highlight of the tax newsletter for January 2024:

• Annual amendment to the tax law for 2024:
  • Amendments to the Dividend Received Deduction (“DRD”) system
  • Mandatory reporting of overseas stock-based compensation information by employees
  • Introduction of reporting obligation for offshore trusts
  • Revised deadline for submitting local files and master files
  • Revised definition of permanent establishment
  • Extension of special tax concession timeline for foreign workers

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