Posts by Abdur Rouf

Singapore gazettes Economic Expansion Incentives Amendment Bill 2024

December 11, 2024

Singapore published the Economic Expansion Incentives (Relief from Income Tax) (Amendment) Act 2024 in the Official Gazette on 10 December...

Saudi Arabia signs tax treaty with Croatia, Kuwait, customs mutual agreement with Kosovo

December 10, 2024

Minister of Finance and Chairman of the Board of Directors of the Zakat, Tax and Customs Authority (ZATCA) Mohammed Al-Jadaan...

Russia clarifies loss carry forward rules for IT companies

December 10, 2024

The Russian Ministry of Finance has released Guidance Letter No. 03-03-06/1/108990 on 25 November 2024, providing clarity on amendments to...

Spain introduces new VAT regime for groups of companies

December 10, 2024

Spain’s tax authorities have introduced a new special VAT regime for groups of companies (REGE), effective from 2025. Companies must...

Denmark: Bookkeeping Act effective from January 2025

December 10, 2024

The Danish Business Authority is notifying companies about new digital bookkeeping rules effective 1 January 2025, as per the Danish...

France gazettes Decree implementing Pillar Two global minimum tax

December 10, 2024

France has issued Decree No. 2024-1126 on 4 December 2024 in the Official Gazette, which sets out the regulations for...

Uruguay mandates remaining VAT taxpayers join e-invoicing regime by December 2024

December 10, 2024

The Uruguayan tax authority (DGI) has issued a reminder to taxpayers on 28 November 2024  that the deadline for joining...

Kuwait to introduce 15% corporate tax from January 2025

December 10, 2024

Kuwait’s Ministry of Finance is deciding on a draft law that will impose a 15% corporate income tax on all...

Bulgaria: Ministry of Finance announces 2025 State Budget draft

December 10, 2024

Bulgaria’s Ministry of Finance has issued an announcement on the draft law for the 2025 State Budget on 4 December...

New Zealand, Slovenia sign income tax treaty

December 9, 2024

New Zealand and Slovenia have signed an income tax treaty on 3 December 2024. A tax treaty is a bilateral...

Bahrain: Council of Representatives approve tax treaty with UAE

December 9, 2024

The Bahrain Council of Representatives approved the ratification of the income tax treaty with the United Arab Emirates (UAE) on...

Turkey updates clarification on mutual agreement procedure for double taxation

December 9, 2024

Turkey’s Revenue Administration has issued an updated Guideline on the Mutual Agreement Procedure (MAP) for the elimination of double taxation...

UAE: Corporate tax registration deadline for juridical persons with licences issued in December set for before end of 2024

December 9, 2024

The UAE Federal Tax Authority (FTA) has announced that all Resident Juridical Persons with licenses issued in December, regardless of...

Turkey, Lesotho conclude initial tax treaty negotiations

December 8, 2024

Officials from Turkey and Lesotho met in Ankara to negotiate for a tax treaty between 26 t– 29 November 2024,...

Poland: Ministry of Finance designates Head of the Kujawsko-Pomorskie Tax Office as authority for global tax compliance

December 8, 2024

The Polish Ministry of Finance has announced designating the Head of the Kujawsko-Pomorskie Tax Office in Bydgoszcz as the sole...

San Marino ratifies DTA, amending protocol with Netherlands, Malta, Lithuania

December 8, 2024

The Sammarinese Official Gazette published Decree No. 184/2024, 185/2024, and 186/2024 on 28 November 2024 ratifying  the Double Taxation Agreement...

Ireland: Revenue clarifies interest deduction restrictions for intercompany loans

December 8, 2024

The Irish Revenue Commissioners released eBrief No. 289/24 on 27 November 2024, clarifying restrictions surrounding interest deductions for intercompany loans....

UAE: Corporate tax returns, payable settlements due by end of December 2024

December 8, 2024

The Federal Tax Authority (FTA) called on businesses subject to Corporate Tax to file their returns and pay their dues...