Posts by Abdur Rouf

South Africa: President promulgates Taxation Laws Amendment Act, introduces changes to environmental tax provisions

January 30, 2025

The President of South Africa has promulgated the Taxation Laws Amendment Act 42 of 2024 which includes changes to environmental...

UAE: FTA reminds Natural Persons to register for corporate tax by March 2025

January 30, 2025

The UAE’s Federal Tax Authority (FTA), in a release on 28 January 2025, reminded all natural persons who are subject...

Switzerland: Federal Tax Administration sets safe harbor interest rates for 2025

January 29, 2025

The Swiss Federal Tax Administration has published two circulars detailing the safe harbor interest rate limits for shareholders  on 27...

Dominican Republic extends agricultural tax exemptions for 2025

January 29, 2025

The Dominican Republic’s Directorate General of Internal Revenue (DGII) has issued General Rule No. 01-2025, on 24 January 2025, extending...

New Zealand: Inland Revenue initiates public consultation on tax implications of non-forestry activities registered in the Emissions Trading Scheme

January 29, 2025

New Zealand Inland Revenue (IR) has released an Interpretation Statement for public consultation on the tax treatment of non-forestry activities...

French updates notification form for CbC reporting, Pillar Two global minimum tax

January 29, 2025

The French tax authorities introduced a Form n°2065-INT-SD intended for entities subject to the French Pillar Two law on 24...

Luxembourg updates all tax return deadlines

January 28, 2025

The Luxembourg Administration of Direct Tax has announced that the deadline for submitting all types of tax returns, including individual...

Denmark proposes lowering gift tax rates, introducing succession measures

January 27, 2025

Denmark’s Minister of Taxation introduced a bill L 123 to reduce inheritance and gift taxes for family-owned businesses and simplify...

Kazakhstan updates taxation of scientific R&D activities rules

January 27, 2025

Kazakhstan’s Department of State Revenue has announced updates to the taxation of scientific (R&D) activities on 9 January 2025. By...

Kazakhstan sets higher penalties for failing to file CbC notification

January 24, 2025

Kazakhstan will enforce higher penalties for non-compliance with Country-by-Country (CbC) notification requirements from 13 March 2025. Large taxpayers will face...

Kuwait extends statute of limitations for tax claims

January 23, 2025

Kuwait’s Official Gazette published a Decree Law on 19 January 2025 amending Article 441 of Civil Law No. 67/1980 which...

UK: HMRC issues guidance on corporate tax for selling business assets

January 22, 2025

UK HMRC issued guidance on Corporation Tax for selling business assets on 16 January 2025. Corporation Tax is a tax...

Sri Lanka publishes new Advance Pricing Agreements guide

January 21, 2025

The Inland Revenue Department of Sri Lanka has announced the release of a new guide on Advanced Pricing Agreements (APAs)...

Ireland, Oman income tax treaty enters into force

January 21, 2025

The income tax treaty between Ireland and Oman entered into force on 18 December 2024. The agreement is for the...

Ukraine updates transfer pricing rules for related parties, controlled transactions

January 21, 2025

The State Tax Service of Ukraine has announced changes to the transfer pricing rules concerning the identification of related parties...

Sri Lanka introduces new tax clearance rules for outward remittances

January 21, 2025

Sri Lanka’s Inland Revenue Department has implemented new rules on withholding tax and tax clearance certificates for payments to non-residents,...

Cambodia, France hold third round of income tax treaty negotiations

January 21, 2025

Officials from Cambodia and France conducted the third round of negotiations for an income tax treaty on 2 January 2025....

Slovenia ratifies income tax treaty with Australia

January 21, 2025

Slovenia issued the law ratifying the income tax treaty with Australia on 30 December 2024. Earlier, the Australian government announced...