Introduction
Section 5 of the Assessment and Collection of Taxes Law (as amended) requires companies to file their tax return for any given year by no later than the end of the following year. A three-month extension is allowed if the return is filed electronically.
With electronic filing now compulsory, this means that the return must be submitted by no later than 15 months after the end of the tax year. For example, the due date […]
A decision defining the categories of supply of goods and services for which the VAT responsible taxpayer is considered to be the entity to which the supply is being provided by another VAT-registered company was published in the Official Gazette 45/2014 and is applicable as of March 5, 2014.
The Decision lists goods and services on which a reverse charge VAT mechanism is applied as of the aforementioned date and onwards. It also defines the […]
* This article was co-authored with Mr. Christopher Funt of Funt & Company.
Can a Canadian taxpayer successfully sue the Canada Revenue Agency?
In recent years, taxpayers have brought a number of civil actions against the Canada Revenue Agency (the “CRA”). The allegations in such cases ranged from negligence to fraud, extortion and deceit. Often, taxpayers’ claims are brought as the tort of misfeasance in public office or as claims in negligence. So far, the courts […]