Posts by Abdur Rouf

Venezuela: SENIAT introduces new digital invoicing guidelines for businesses

January 10, 2025

The Venezuelan National Tax Authority (SENIAT) has introduced new guidelines under Administrative Ruling SENIAT/2024/000102 regarding digital invoicing. The update clarifies...

UAE updates participation exemption rules

January 10, 2025

The UAE Ministry of Finance has announced Ministerial Decision No. 302 of 2024 on 10 December 2024, which replaces Decision...

Saudi Arabia further extends tax penalty waiver initiative

January 10, 2025

The Saudi Zakat, Tax and Customs Authority (ZATCA) announced the Minister of Finance’s decision of the extension of the Cancellation...

Denmark outlines tax measures for 2025

January 10, 2025

The Danish Official Gazette published Law No. 1691 on 30 December 2024, introducing several amendments to tax laws, including changes...

Iceland announces CbC reporting requirements, deadline for FY 2024

January 10, 2025

The Icelandic Directorate of Internal Revenue has issued Notice No. 1676/2024, outlining the for country-by-country (CbC) reporting requirements for multinational...

Turkey increases tax penalties for 2025

January 9, 2025

The Turkish government has announced increased tax penalties effective from 1 January 2025, detailed in General Communiqué No. 577 and...

Turkey increases refund limit for transactions subject to the reduced VAT rate

January 9, 2025

The Turkish Official Gazette published Communique No. 53 on 30 December 2024, which outlines changes to the VAT refund threshold...

Russia expands list of agricultural seeds eligible for reduced VAT rate

January 9, 2025

The Russian government has issued Resolution No. 3596-r, expanding the list of agricultural crop seeds treated with biological or chemical...

Germany: Federal Council approves Non-Cooperative Tax Jurisdictions List

January 9, 2025

The German Federal Council (Bundesrat) approved an updated decree listing states and territories considered non-cooperative in addressing tax avoidance and...

Ukraine releases synthesised texts of tax treaties with Slovenia, Vietnam

January 9, 2025

Ukraine’s Ministry of Finance has published synthesised texts of its tax treaties with Slovenia and Vietnam, incorporating changes from the...

Singapore gazettes minimum tax law, regulations

January 9, 2025

Singapore announced the publication of the Multinational Enterprise (Minimum Tax) Act 2024 and the Multinational Enterprise (Minimum Tax) Regulations 2024...

US: Treasury reissues list of countries requiring international boycott participation

January 9, 2025

The US Treasury Department reissued its list of countries that mandate cooperation with, or participation in, an international boycott as...

US: Treasury, IRS release final rules for clean hydrogen production tax credit

January 9, 2025

The US Department of the Treasury (Treasury) and Internal Revenue Service (IRS) released final rules for the section 45V Clean...

Kazakhstan expands transfer pricing monitoring for cross-border transactions

January 9, 2025

Kazakhstan has expanded its list of goods, works, and services subject to transfer pricing monitoring. The updated list includes new...

Malaysia Gazettes Finance Act, Labuan Business Activity Tax (Amendment) (No. 2) Act 2024

January 9, 2025

Malaysia published the Finance Act 2024 (Act No. 862) and Labuan Business Activity Tax (Amendment) (No. 2) Act 2024 in...

Luxembourg announces 2025 property, business tax multipliers

January 9, 2025

Luxembourg’s Tax Administration announced the rate multipliers for property tax and municipal business tax for the 2025 financial year. The...

Lithuania updates CbC reporting rules for MNEs

January 8, 2025

Lithuania’s tax authority has revised its Country-by-Country (CbC) reporting requirements for multinational enterprises (MNEs), effective from  21 November 2024. All...

Turkey updates VAT refund limit for 2025

January 8, 2025

Turkey released VAT General Communiqué No. 53, Number: 32768 (2nd Duplicate) in the Official Gazette on 30 December 2024, updating...