Ireland publishes Finance Bill 2024: Implements taxation changes announced on Budget Day

15 October, 2024

Ireland's Minister for Finance, Jack Chambers TD, has published the Finance Bill 2024 and Explanatory Memorandum  following the Government's approval earlier in the week. The Bill enacts key measures from Budget 2025, alongside a series of administrative and technical amendments to tax

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Malaysia likely to introduce subsidy cuts, new taxes in 2025 budget 

15 October, 2024

Malaysia’s Prime Minister Anwar Ibrahim will announce the 2025 budget in parliament on Friday, 18 October 2024. Analysts and economists suggest the government is likely to implement additional new taxes and reduce subsidies for its 2025 budget,

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UK: Starmer rejects claims of 39% capital gains tax hike

15 October, 2024

British Prime Minister Keir Starmer has rejected claims that capital gains tax could rise to 39% in this month’s budget, calling the speculation "wide of the mark," in an interview with Bloomberg Television at an investment summit in

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Paraguay, Spain income tax treaty enters into force 

15 October, 2024

The income tax treaty between Paraguay and Spain took effect on 14 October 2024. This agreement aims to enhance economic relations, encourage investments, and enhance bilateral cooperation in tax matters between the two countries. It seeks to

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Algeria joins mutual assistance convention to combat tax evasion

15 October, 2024

Amel Abdellatif, Tax Commissioner of Algeria signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (the Convention),  as amended by the 2010 protocol, on 10 October  2024. The Convention must first be ratified

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Azerbaijan joins CIS tax reform and digital innovation talks

15 October, 2024

Azerbaijan attended a high-profile Coordination Council meeting in Bishkek, Kyrgyzstan, on 7 October 2024. The meeting comprised high-ranking tax officials from the Commonwealth of Independent States (CIS) Armenia, Belarus, Russia, Tajikistan,

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Romania approves protocol to tax treaty with Malta

15 October, 2024

Romania’s government approved the amending protocol to the 1995 income tax treaty with Malta on 9 October 2024. Earlier, the two nations signed an amendment protocol to the original income tax treaty on 4 July 42024. The protocol aligns the

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Australia: ATO consults new restructuring, thin capitalisation, debt deduction creation rules

15 October, 2024

The Australian Taxation Office (ATO) launched a public consultation on Practical Compliance Guideline (PCG) 2024/D3 - Restructures and the new thin capitalisation and debt deduction creation rules on 9 October 2024. The ATO has published the

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US: IRS finalises rules for repatriating intangible property under Section 367(d)

15 October, 2024

The US Internal Revenue Service (IRS) and Treasury published the final regulations - Section 367(d) Rules for Certain Repatriations of Intangible Property in the Federal Register on 10 October 2024, which  contains final additions and amendments to

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