Posts by Abdur Rouf

Oman gazettes Domestic Minimum Top-up Tax, Income Inclusion Rule

January 8, 2025

Oman issued Royal Decree No. 70/2024 in the Official Gazette on 5 January 2025 introducing Domestic Minimum Top-up Tax and...

Greece updates 2023 non-cooperative jurisdictions list

January 8, 2025

The Greek Public Revenue Authority has updated the list of non-cooperative states and jurisdictions for 2023 which includes 41 countries...

Malaysia announces tax breaks for Special Economic Zone with Singapore

January 8, 2025

Malaysia announced several tax incentives to attract investments to the joint special economic zone [Johor-Singapore Special Economic Zone (JS-SEZ)] with...

US: Department of the Treasury, IRS release final rules for technology-neutral clean electricity credits

January 8, 2025

The US Department of the Treasury (Treasury) and the IRS announced the released final rules for the Clean Electricity Investment...

Pakistan promulgates Income Tax (Amendment) Ordinance 2024, increases corporate tax rate on banks

January 8, 2025

President Asif Ali Zardari has enacted the Income Tax (Amendment) Ordinance 2024 on 28 December, which establishes new corporate tax...

France announces 2025 companies affected by financial transactions tax on securities

January 7, 2025

France has released a list of French companies on 23 December 2024 with a market capitalisation exceeding EUR 1 billion...

Taiwan raises business tax thresholds for small enterprises

January 7, 2025

Taiwan’s Ministry of Finance announced a revision to the Business Tax Thresholds for Small-Scale Enterprises, effective from 1 January 2025....

France updates guidelines on royalties declaration under DAC7

January 7, 2025

French tax authorities clarified that companies managing copyright royalties and inventor rights require companies to include the beneficiary’s date of...

Thailand approves tax treaties with Netherlands, Norway

January 7, 2025

The Thai Cabinet approved the signing of tax treaties between the Netherlands and Norway on 24 December 2024. The new...

Dominican Republic extends CbC reporting deadline

January 7, 2025

The Dominican Republic’s Directorate General of Internal Revenue (DGII) issued Notice 26-2024  on 2 January 2024, extending the deadline for...

Japan: Cabinet approves Resolution for 2025 Tax Reform Outline, extends reduced corporation tax for SMEs

January 6, 2025

The Japanese approved the extension of the duration of the reduced corporation tax for small and medium-sized enterprises (SMEs) by...

Portugal gazettes Budget Law for 2025, reduces corporate tax rate

January 6, 2025

Portugal’s Official Gazette published Law No. 45-A/2023 on 31 December 2024, which approves the Budget for 2025. Effective from 1...

Irish Revenue updated guidance on Finance Act 2024

January 6, 2025

Irish Revenue updated eBriefs in accordance with amendments introduced by the Finance Act 2024 (Act No. 43 of 2024) which...

Algeria gazettes Finance Law 2025, introduces amendments to CIT and VAT

January 6, 2025

Algeria’s Ministry of Finance published the Finance Law 2025 in the Official Gazette on 26 December 2024, providing amendments for...

Taiwan extends reduced day trading tax rate until 2027

January 3, 2025

Taiwan’s Ministry of Finance announced the implementation of amendments to extend the reduced Securities Transaction Tax for day trading (from...

Vietnam extends VAT reduction for first half of 2025

January 3, 2025

The Vietnamese government has extended  the reduced value-added tax (VAT) rate from 10% to 8% for eligible goods and services...

Germany suspends DTA with Belarus

January 3, 2025

The German Federal Government notified the Republic of Belarus on 30 December 2024, that the agreement between the Federal Republic...

South Africa gazettes Global Minimum Tax Act

January 3, 2025

South Africa published the Global Minimum Tax Act, 2024 (the GMT Act), in the Official Gazette on 24 December 2024....