Posts by Abdur Rouf

Taiwan: MOF clarifies amounts of basic income eligible for exemption from basic income tax, related deductions for 2025

December 19, 2024

The Taiwan’s Ministry of Finance (MOF) made an announcement regarding the amounts of basic income eligible for an exemption from...

Tanzania, Vietnam continue income tax treaty negotiations

December 18, 2024

Officials from Tanzania and Vietnam met to further negotiations on establishing an income tax treaty on 3 December 2024. Negotiations...

Korea (rep.): National Assembly approves tax treaty with Rwanda

December 18, 2024

The National Assembly of Korea (Rep.) approved the ratification of the income tax treaty with Rwanda on 14 November 2024....

Russia to tax cryptocurrency transactions starting 2025

December 18, 2024

Russia published Federal Law No. 418-FZ on 29 November 2024, which introduces amendments to the Tax Code concerning the taxation...

Estonia: Parliament approves Security Tax Act

December 18, 2024

The Estonian Parliament (Riigikogu) has approved a new Security Tax Act (512 SE), designed to enhance the country’s defense capabilities...

Germany: MoF issues final decree on anti-hybrid rules

December 18, 2024

The German Ministry of Finance (MoF)  released the final decree on the application of Germany’s anti-hybrid rules on 5 December...

Ukraine: The National Bank increases interest rate affecting late payment penalty interest

December 18, 2024

The Board of the National Bank of Ukraine has decided to raise the key policy rate to 13.5% annually. This...

Ireland: Revenue updates DST tax manual

December 18, 2024

The Irish Revenue has released eBrief No. 301/24, which provides an update to the Tax and Duty Manual (TDM) Part...

New Zealand: MBIE announces new e-invoicing rules to improve payment times for domestic trade invoices

December 18, 2024

The New Zealand Ministry of Business, Innovation & Employment (MBIE) introduced new rules to improve payment times for domestic trade...

Luxembourg: Chamber of Deputies approve tax relief package

December 18, 2024

Luxembourg’s Ministry of Finance has announced that the Chamber of Deputies approved Bill No. 8414, also known as the “Entlaaschtungs-Pak.”...

Switzerland suspends MFN clause in tax treaty with India

December 18, 2024

The Swiss Federal Tax Administration declared the suspension of the Most Favoured Nation (MFN) clause under the 1994 Swiss-India tax...

Luxembourg proposes amendments to bilateral and multilateral advance ruling practice in transfer pricing cases, tax collection, appeal procedure

December 17, 2024

The Luxembourg government has adopted a draft law to a bill on changes to the bilateral and multilateral advance ruling...

Thailand: Cabinet approves draft law for Pillar Two Global Minimum Tax

December 17, 2024

The Thai Cabinet approved a draft law to introduce the Pillar Two global minimum tax on 11 December 2024 which...

Egypt extends tax dispute resolution process

December 17, 2024

The Egyptian Parliament introduced Law No. 160 of 2024 on 3 December 2024, ensuring the continued operation of the Dispute...

Colombia: Congress rejects proposed Tax Reform Bill

December 17, 2024

The tax reform bill proposed by Colombian President Gustavo Petro was rejected by the four economic committees of the Colombian...

UK joins CPTPP trade bloc, anticipates GBP 2 billion annual economic boost

December 17, 2024

The UK has joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) as a fully-fledged member on 15 December...

India expands scope of mandatory e-invoicing

December 17, 2024

The Indian tax administration announced that businesses with an annual turnover exceeding INR 10 crores will be required to report...

Germany: Ministry of Finance updates transfer pricing guidelines for 2024

December 17, 2024

The German Ministry of Finance published BMF Letter No. 2024/1078709 on 12 December 2024, updating the guide on transfer pricing...