Posts by Abdur Rouf

Luxembourg issues new guidelines on interest rates for debit current accounts

February 7, 2025

The Luxembourg Administration of Direct Tax has released Circular L.I.R. no. 164/1 on 29 January 2025, detailing updated rules for...

Germany updates tax treaties and agreements

February 7, 2025

The German Ministry of Finance has released an updated overview of its tax treaties and agreements as of 1 January...

Bosnia and Herzegovina implements new excise duty rates on tobacco products

February 7, 2025

As of 1 January 2025, Bosnia and Herzegovina will introduce revised excise duty rates on manufactured tobacco. The changes, proposed...

UAE: FTA offers penalty exemption for tax record updates by 31 March 2025

February 6, 2025

The UAE Federal Tax Authority has issued a notice on 4 February 2025  encouraging taxpayers to update their records by...

South Africa: SARS updates interest rate for taxation of low-interest loans

February 6, 2025

The South African Revenue Service (SARS) has announced a reduction in the official interest rate Table 3 for taxation on...

Ecuador announces VAT exemption for pet food from February 2025

February 6, 2025

The Ecuadorian Internal Revenue Service (SRI) announced that pet food, including nutritionally balanced dry and wet food, will be exempt...

UK: HMRC Releases 2025-2026 employer rates and PAYE tax thresholds

February 6, 2025

The UK HMRC has issued guidance on employer rates and thresholds for the 2025-2026 tax year, covering the period from...

UK: HMRC announces suspension of tax treaty with Belarus

February 6, 2025

The UK HMRC has announced that the 2017 tax treaty with Belarus will be suspended on 6 April 2025, for...

UAE: Cabinet approves first income tax treaty with Kuwait

February 5, 2025

UAE’s Cabinet of Ministers have approved the income tax treaty with Kuwait. The treaty was signed on 11 February 2024....

Turkey updates withholding tax rules for financial instruments

February 5, 2025

Turkey’s Revenue Administration has announced the publication of Presidential Decision No. 9487 on 31 January 2025, which extends and modifies...

US withdraws from UN global tax cooperation negotiations

February 5, 2025

The US has withdrawn from UN discussions on a new Framework Convention on International Tax Cooperation. The decision was announced...

Singapore: IRAS updates lists of reportable, participating jurisdictions for CRS

February 5, 2025

The Inland Revenue Authority of Singapore (IRAS) released updated lists of reportable and participating jurisdictions under the Common Reporting Standard...

Malta: Government extends property tax incentives for 2025

February 4, 2025

The Maltese government has extended key property tax incentives until 31 December 2025, supporting homebuyers, family businesses, and urban conservation...

UK: House of Commons votes to enshrine fiscal rules in law, strengthening economic stability

February 4, 2025

The House of Commons voted to enshrine the Charter for Budget Responsibility and the new fiscal rules into law on...

Denmark introduces Green Investment Window, allows more than 100% expense deductions for eligible investments

February 4, 2025

Denmark’s newly agreed framework for the Green Investment Window is a step toward strengthening Danish businesses in their shift toward...

Uzbekistan adopts CIS tax information exchange protocol

February 4, 2025

Uzbekistan adopted the amended protocol of the CIS Mutual Assistance Agreement on 13 December 2024. The Commonwealth of Independent States...

Turkey extends tax restructuring and force majeure measures with new presidential decision

February 4, 2025

Turkey’s Revenue Administration has released Presidential Decision No. 9500 on 1 February 2025, extending provisions for restructuring tax debts. This...

Ireland: Revenue updates corporation tax manual with new rules on company dissolution

February 4, 2025

Irish Revenue’s eBrief No. 030/25 on 31 January 2025 introduces updates to Tax and Duty Manual Part 08-02-01, refining Corporation...