Posts by Abdur Rouf

India, Sri Lanka sign amending protocol to tax treaty

January 21, 2025

India and Sri Lanka signed an amending protocol to their 2013 income tax treaty on 16 December 2024. This marks...

Egypt, Qatar income tax treaty enters into force

January 21, 2025

The income tax treaty between Egypt and Qatar has entered into force and applies from 1 January 2025. Both countries...

UAE clarifies VAT on crypto mining

January 21, 2025

The UAE Federal Tax Authority issued VAT Public Clarification – VATP039, providing clarification on the treatment of cryptocurrency mining on...

UAE updates regulation of tax groups under the Corporate Tax Law

January 21, 2025

The UAE Ministry of Finance has released Ministerial Decision No. 301 of 2024 regarding the oversight of tax groups under...

UAE: Cabinet approves tax treaty with Bahrain

January 21, 2025

The Cabinet of Ministers of the United Arab Emirates approved for ratification the income tax treaty with Bahrain on 2...

Russia amends Tax Code, increases corporate income tax rate

January 21, 2025

Russia has introduced several changes to its Tax Code, effective starting 1 January 2025, which includes changes to the corporate...

Peru publishes tax return filing deadlines for 2024

January 21, 2025

Peru has issued Superintendency Resolution No. 000304-2024/SUNAT on 30 December 2024, outlining the filing deadlines for annual tax returns for...

Bahrain, Oman sign tax treaty

January 21, 2025

The Sultanate of Oman and the Kingdom of Bahrain signed 25 memoranda of understandings (MoUs), which include an income tax...

Turkey updates valuable housing tax brackets for 2025

January 21, 2025

Turkey released the Real Estate Tax Law General Communiqué No. 86 on 30 December 2024  in the Official Gazette, which...

Ireland: Revenue updates guidance on R&D corporation tax credit

January 21, 2025

The Irish Revenue has published eBrief No. 009/25 on 10 January 2025, providing updated guidance on the Research and Development...

Andorra, Lithuania income tax treaty enters into force

January 20, 2025

The income tax treaty between Andorra and Lithuania entered into force on 24 December 2024. This agreement aims to eliminate...

Denmark gazettes law amending VAT Act, exempts taxation of services provided by authors and artists

January 20, 2025

Denmark’s Official Gazette published Law No. 1695 on 30 December 2024 which amends the country’s Value Added Tax (VAT) Act...

Lithuania considers reduced VAT on essential foods, services

January 20, 2025

The Lithuanian Parliament (Seimas) accepted for consideration Draft Bill No. XVP-90 which aims to introduce a reduced 9% VAT rate...

Singapore: IRAS updates 2025 transfer pricing guidance, lowers indicative margin for related-party loans

January 20, 2025

The Inland Revenue Authority of Singapore (IRAS) released updated transfer pricing guidelines on 2 January 2025. The indicative margin for...

Ecuador, UK income and capital tax treaty enters into force

January 20, 2025

The income and capital tax treaty between Ecuador and the UK entered into force 19 December 2024. Earlier, Ecuadorian President...

Portugal updates property transfer tax rates for 2025

January 20, 2025

Portugal’s tax authority has introduced new tables for the calculation of progressive property transfer tax (IMT) on 10  January 2025.This...

Taiwan updates low-tax jurisdictions list

January 20, 2025

Taiwan’s Ministry of Finance (MOF) released an updated list of low-tax jurisdictions on 27 December 2024. Controlled Foreign Company (CFC)...

Indonesia introduces regulations for Pillar Two global minimum tax

January 17, 2025

Indonesia’s Ministry of Finance has introduced Regulation No. 136 of 2024, implementing Pillar Two global minimum tax rules in the...