US: Washington adopts major business and occupation tax reforms

28 May, 2025

The law introduces significant changes to the B&O tax and extends the retail sales tax to computer-related services. Washington Governor Bob Ferguson signed two bills, Bill HB 2021 and Bill SB 5814, into law on 20 May 2025, introducing major tax reforms which include changes to the Business

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India: CBDT extends income tax return deadline for AY 2025–26

29 May, 2025

It has been extended from 31 July to 15 September, 2025. The Indian Central Board of Direct Taxes (CBDT) announced an extended deadline for filing income tax returns for the Assessment Year 2025–26 on 27 May 2025. It has been extended from 31

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Russia: Government proposes extension of 0% VAT rate for hotels, temporary lodging services

28 May, 2025

The proposed extension will continue the rate until 31 December 2030. The Russian Government announced plans to extend the 0% VAT rate on temporary accommodation services in hotels and other lodging facilities on 22 May 2025. The proposed

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Spain considers legislation to improve access to housing

28 May, 2025

This legislation urges the government to advance initiatives addressing housing challenges, ensure legal certainty, mobilise vacant homes, make housing more affordable, expand public housing, and increase social and affordable rental

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Hong Kong, Maldives sign income tax treaty 

28 May, 2025

The agreement will take effect after the exchange of their ratification instruments. Hong Kong and the Maldives signed an income tax treaty on 26 May 2025. The agreement aims to eliminate double taxation on income taxes and prevent tax evasion

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Iran ratifies income tax treaty with Finland

28 May, 2025

Iran’s President signed the law ratifying the income tax treaty on 24 May 2025.  Iran’s President Masoud Pezeshkian has signed the law to ratify the income tax treaty with Finland on 24 May 2025. Signed on 7 February 2022, this is the

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OECD reports Asia’s tax transparency gains

28 May, 2025

The report highlights efforts to implement global tax transparency standards across Asia, combat illicit financial flows, and boost domestic resource mobilisation through the Asia Initiative. The OECD’s Global Forum on Transparency and Exchange

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UAE: MoF temporarily eases listing requirement for REIT exemption

28 May, 2025

The Decision outlines conditions for certain Real Estate Investment Trusts (REITs) to qualify for corporate tax exemption. The UAE Ministry of Finance has issued Ministerial Decision No. 96 of 2025 on Conditions to Exempt Certain Real Estate

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Kyrgyzstan ratifies amending protocol to tax treaty with Korea (Rep.)

28 May, 2025

Kyrgyzstan ratified the protocol on 22 May 2025 Sadyr Japarov, Kyrgyzstan’s President, signed the law for the ratification of the amending protocol to the 2012 income and capital tax treaty with Korea (Rep of.) on 22 May 2025. It will take

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