Posts by Abdur Rouf

Hong Kong extends filing 2023/24 lodgement tax returns for year-end dates between January and March 2024 accounting year

January 17, 2025

The Hong Kong Inland Revenue Department (IRD) has released a Circular Letter to Tax Representatives on the Block Extension Scheme...

Portugal introduces tax incentive for research and innovation

January 16, 2025

Portugal has published Ordinance No. 352/2024/1 23 December 2024, which regulates the tax incentive for scientific research and innovation (IFICI)...

India: CBDT releases 6th annual report on APA programme

January 16, 2025

India’s Central Board of Direct Taxes (CBDT) has published its 6th Annual Report on the country’s Advance Pricing Agreement (APA)...

India grants tax collection at source exemption for IFSC on goods

January 16, 2025

India’s Central Board of Direct Taxes (CBDT) issued Notification No. 6/2025, providing rules for an exemption from tax collection at...

Taiwan: MOF extends business tax payment deadline

January 16, 2025

Taiwan’s Ministry of Finance (MOF) has announced an extension for the business tax payment deadline to 24 February 2025. The...

Sweden consults crypto reporting rules under DAC8 Directive

January 16, 2025

Sweden’s Ministry of Finance has introduced a proposal to implement Council Directive (EU) 2023/2226 (DAC8), which outlines new reporting and...

South Africa introduces tax incentive for electric, hydrogen vehicle production

January 15, 2025

The South African Revenue Service has released the Taxation Laws Amendment Act 2024 which  introduces a new investment allowance for...

New Zealand updates money interest rates on underpayments, overpayments

January 15, 2025

The New Zealand Inland Revenue has announced updates to the Use of Money Interest (UOMI) rates for underpayments and overpayments...

Peru extends renewable energy tax benefit until 2030

January 14, 2025

The Peruvian Official Gazette published Law No. 32217 on 29 December 2024, extending the accelerated depreciation benefit period for renewable...

South Africa: SARS lowers interest rates on outstanding taxes, overpayments

January 14, 2025

The South African Revenue Service (SARS) has lowered interest rates on outstanding taxes and overpayments, effective as of 7 January...

Uruguay updates list of tax heavens

January 14, 2025

Uruguay’s General Tax Directorate (DGI) has issued Resolution No. 3.034/024 on 30 December 2024, updating its list of low or...

Colombia updates list of non-cooperative jurisdictions with low or no taxation

January 14, 2025

Colombia’s Ministry of Finance issued Decree No. 1496 on 13 December 2024, updating the list of tax havens. This decree,...

Iceland publishes CIT, VAT and PIT brackets for 2025

January 14, 2025

Iceland Revenue and Customs has published the key tax figures and percentages for 2025, including updates on Corporate Income Tax,...

Luxembourg gazettes bill amending global minimum taxation law

January 14, 2025

Luxembourg has published a Grand-Ducal Regulation in the Official Gazette on 23 December 2024, outlining the application of tax credits...

Taiwan consults increasing VAT registration threshold for non-resident electronic service providers

January 14, 2025

The Taiwanese Ministry of Finance announced on 24 December 2024 that it is seeking public feedback on proposed amendments to...

Canada: Tax Authority outlines changes that will affect business taxes in 2025

January 14, 2025

In 2024, there were several announcements about changes to business taxes that will take effect in 2025. Canada Revenue Agency...

Russia updates tax information exchange list

January 14, 2025

Russia’s Federal Tax Service (FTS) has updated its lists of jurisdictions for tax information exchange, effective 31 December 2024. The...

Lithuania: Government proposes tax incentives to boost economic growth, reduce income inequality

January 14, 2025

The Lithuanian government has introduced new tax proposals focused on economic growth and equality in the tax system on 12...