Posts by Abdur Rouf

UK: HMRC reduces interest rates for late payments, overpayments

February 11, 2025

The UK’s tax authority, His Majesty’s Revenue and Customs (HMRC), has announced a reduction in interest rates for late payments...

France raises financial transactions tax

February 11, 2025

France has raised the financial transactions tax rate from 0.3% to 0.4%, introduced in the French Finance Law for 2025...

Taiwan: MOF clarifies exit restrictions for tax debtors ahead of lunar new year

February 11, 2025

Taiwan’s Ministry of Finance (MOF)  has issued a notice on 21 December 2025 clarifying the requirements for the lifting of...

India issues guidance on principal purpose test in tax treaties

February 11, 2025

India’s Central Board of Direct Taxes has issued Circular No. 01/2025 on 21 January 2025, clarifying the application of the...

Luxembourg issues 2024 exchange rates for foreign currencies

February 11, 2025

The Luxembourg Administration of Direct Tax has released Circular L.G. – A n° 60bis/10 of 17 January 2025, detailing the...

Slovenia, Saudi Arabia discuss bilateral relations and income tax treaty

February 11, 2025

Officials from Slovenia’s Ministry of Finance and Saudi Arabia met to discuss bilateral relations, including the ongoing negotiations for an...

Sweden proposes property tax increase on wind turbines from 2026

February 11, 2025

The Swedish Government has announced a proposal to raise the property tax on wind turbines. This announcement was made by...

Lithuania: VMI clarifies EU VAT scheme for small businesses

February 11, 2025

The Lithuanian State Tax Inspectorate (VMI) announced the publication of guidelines on how to become users of small business schemes...

Iraq approves negotiation of first income tax treaty with Oman

February 11, 2025

The Iraq Council of Ministers has approved the negotiation of an income tax treaty with Oman on 28 January 2025....

Lithuania moves to terminate 1995 tax treaty with Belarus

February 11, 2025

Lithuania issued Law No. XV-103 in the Official Gazette on 22 January 2025. Earlier, the Lithuanian government approved a draft...

Moldova, Qatar to initiate tax treaty negotiations

February 11, 2025

Moldova’s Minister of Finance, Victoria Belous, met with Qatar’s Ambassador to Moldova, His Excellency Dr. Turki bin Abdullah Zaid Al-Mahmoud,...

Turkey releases guide on mandatory transaction documentation

February 11, 2025

Turkey has released a new guide outlining the requirement for taxpayers and non-taxpayers, including end consumers, to document collections and...

Ireland: Revenue publishes eBrief No. 014/25 on surcharge for undistributed income of close companies

February 11, 2025

Irish Revenue has published eBrief No. 014/25 20 January 2024, providing updated guidance on the surcharge for certain undistributed income...

Ireland: Revenue updates guidance on digital games tax

February 11, 2025

Irish Revenue has released eBrief No. 015/25 on 21 January 2025, providing updated guidance on the Section 481A Digital Games...

Dominican Republic launches public forum on beef cattle tax regulation

February 11, 2025

The Dominican Republic  Directorate General of Internal Taxes informs taxpayers and the public that a public forum has been opened...

Switzerland updates AEOI jurisdictions list, delays Uganda’s inclusion to 2026

February 11, 2025

The Swiss State Secretariat for International Finance has revised its list of jurisdictions participating in the automatic exchange of financial...

Lithuania raises dividend tax rate from January 2025

February 11, 2025

Lithuania’s State Tax Inspectorate (STI) has introduced new guidelines on the increase of the dividend tax rate from 15% to...

Switzerland sets referendum deadline for tax treaty protocol with Serbia

February 11, 2025

Switzerland has established a referendum deadline of 19 April 2025 for the protocol to the 2005 tax treaty with Serbia....