Posts by Abdur Rouf

US: Treasury Department, IRS publish final regulations on the treatment of tax-exempt bonds as retired

December 31, 2024

The US Treasury Department and IRS released final regulations (T.D. 10020) regarding when tax-exempt bonds are treated as retired on...

Australia to amend law to strengthen tax penalty regime

December 31, 2024

Australia’s government will be amending the tax law to strengthen the current tax penalty regime, as part of the 2024–25...

Poland updates Corporate Income Tax Haven List

December 31, 2024

The Polish Official Gazette published Regulation No. 1928 on 24 December 2024, updating the list of tax havens for corporate...

Hong Kong gazettes amendment to Minimum Tax for Multinational Enterprise Groups Bill 2024

December 31, 2024

Hong Kong announced that the Inland Revenue (Amendment) (Minimum Tax for Multinational Enterprise Groups) Bill 2024 was published in the...

Croatia: Parliament approves amendments to VAT Act, establishes EU small business scheme for cross-border supplies

December 31, 2024

The Croatian parliament has approved the Bill on Amendments to the Value Added Tax Act on 13 December 2024, raising...

Turkey increases withholding tax on dividend distributions

December 30, 2024

The Revenue Administration of Turkey has announced the release of Presidential Decision No. 9286 on 22 December 2024, updating the...

Luxembourg: Chamber of Deputies approve amendments to Pillar Two law

December 30, 2024

Luxembourg’s Chamber of Deputies has passed Bill No. 8396 amending the Law of 22 December 2023, (Global Minimum Taxation Law,...

Luxembourg enacts law reducing CIT rate

December 30, 2024

Luxembourg has enacted the bill on the Corporate Income Tax (CIT) rate reduction on 20 December 2024. The law was...

Sweden gazettes law amending Pillar Two global minimum tax

December 30, 2024

The Swedish Official Gazette published Law No. SFS 2024:1248 on 11 December 2024, amending the Additional Tax Act to implement...

Spain gazettes law implementing Pillar Two global minimum tax

December 30, 2024

Spain has published Law No. 7/2024, on 20 December 2024, in the Official Gazette establishing the implementation of the Pillar...

Morocco publishes Finance Law 2025

December 30, 2024

Morocco has published Finance Law 2025 on the Ministry of Finance website on 20 December 2024. Earlier, Morocco’s Ministry of...

Australia gazettes instrument regarding Taxation Administration (Country by Country Reporting Jurisdictions) Determination 2024

December 30, 2024

The Australian Official Gazette, on 17 December 2024, published a legislative instrument for CbC reporting jurisdictions by the Taxation Administration...

Australia consults Crypto Asset Reporting Framework, related amendments

December 30, 2024

The Australian Treasury has initiated a public consultation regarding how Australia applies the Crypto Asset Reporting Framework (CARF). The consultation...

Finland publishes overview of changes to taxation in 2025

December 30, 2024

The Finnish tax authority has published an overview of the changes to taxation in 2025, which includes amendments introduced for...

South Africa: National Treasury, SARS consult draft Revenue Laws Amendment Bill (RLAB)

December 24, 2024

The National Treasury and the South African Revenue Service (SARS) published the 2025 draft Revenue Laws Amendment Bill (RLAB) for...

Luxembourg ratifies tax treaties with Albania, Montenegro

December 24, 2024

Luxembourg ratified both the Luxembourg-Montenegro Income and Capital Tax Treaty (2024) and the Albania-Luxembourg Income and Capital Tax Treaty (2009)...

Russia: Ministry of Finance to decide Pillar Two adjustments mid-2025

December 24, 2024

The Russian Ministry of Finance has announced that it will decide by mid-2025 whether to adjust national legislation in response...

Bangladesh, Hong Kong tax treaty enters into force

December 24, 2024

The tax treaty between Bangladesh and Hong Kong entered into force on 20 December 2024. The Bangladesh-Hong Kong Income Tax...