Posts by Abdur Rouf

Latvia gazettes VAT law amendments to support small businesses

January 3, 2025

Latvia has gazetted amendments to the Value Added Tax (VAT) Law implementing EU directives to support small businesses on 28...

Australia consults protected tax info disclosure after PwC tax leak

January 3, 2025

The Australian Treasury has launched a public consultation to review secrecy exceptions for tax regulators in light of the PwC...

Australia: ATO updates guidance on global and domestic minimum tax

January 3, 2025

The Australian Taxation Office has updated the guidance on the Global and Domestic Minimum Tax on 23 December 2024. This...

Denmark, Greenland: Amending protocol to tax treaty enters into force

January 3, 2025

The amending protocol to the 1979 income and capital tax treaty between Denmark and Greenland came into force on 19...

US partially suspends tax treaty with Belarus

January 3, 2025

The US Internal Revenue Service (IRS) has released Announcement 2025-5, confirming the partial suspension of the 1973 tax treaty with...

Ukraine suspends CFC reporting fines during martial law

January 3, 2025

Ukraine’s president, Volodymyr Zelensky has signed Law No. 9319 on 25 December 2024 which postpones a new military tax hike...

Netherlands updates tax penalty rules

January 3, 2025

The Netherlands State Secretary for Finance has published Decree No. 2024-15074 of 18 December 2024 in the Official Gazette on...

UN: General Assembly approves negotiations for global tax cooperation framework

January 3, 2025

The UN General Assembly adopted a resolution establishing the terms of reference for a United Nations Framework Convention on International...

Poland sets base and margin rates for transfer pricing

January 2, 2025

Poland has published Notice No. 1105 in the Official Gazette on 21 December 2024, setting the base interest rates and...

Germany: Federal Council approves revised Bill for tax law advancements, income tax adjustments

January 2, 2025

The German Federal Council (Bundesrat) approved the updated version of the bill aimed at further developing tax law and adjusting...

Russia: MoF clarifies loss carry-forward rules for CFCs redomiciled as international companies

January 2, 2025

The Russian Ministry of Finance (MoF) clarified in Guidance Letter No. 03-12-11/2/107192, published on 9 December 2024 that, under certain...

Thailand introduces Pillar Two top-up tax for MNEs

January 2, 2025

Thailand’s Revenue Department has announced the publication of the Emergency Decree on Top-up Tax B.E. 2567 (2024) in the Official...

Ireland: Revenue issues guidance on new VAT scheme for SMEs

January 2, 2025

Irish Revenue issued eBrief No. 315/24 on 13 December 2024 which outlines the European Union (EU) Value Added Tax (VAT)...

Peru raises tax unit value (Unidad Impositiva Tributaria) for 2025

January 2, 2025

Peru has increased the value of its Tax Unit (Unidad Impositiva Tributaria – UIT) for the 2025 fiscal year. The...

Singapore: IRAS publishes new guidance on MNE top-up tax, domestic top-up tax

January 2, 2025

The Inland Revenue Authority of Singapore (IRAS) has released a new e-Tax Guide on the Multinational Enterprise (MNE) Top-up Tax...

Oman introduces Domestic Minimum Top-Up Tax for MNEs

January 2, 2025

The Oman Tax Authority has confirmed that a Royal Decree has been issued which implements a domestic minimum top-up tax,...

Kuwait introduces supplementary domestic minimum top-up tax for MNEs

January 2, 2025

Kuwait’s Ministry of Finance announced on X that a supplementary domestic minimum top-up tax (DMTT) for large multinational enterprises (MNEs)...

Turkey extends income tax incentives for tech, R&D employees

January 1, 2025

Turkey has announced an extension of income tax withholding incentives for employees in technology development zones and R&D or design...