Posts by Abdur Rouf

Taiwan reminds taxpayers of Master File, CbC report submission deadlines for FY2023

December 8, 2024

Taiwan’s Ministry of Finance has issued a reminder to taxpayers about the approaching deadline for submitting the Master File and...

Bulgaria: Parliament considers corporate tax amendments to implement GloBE rules, extend certain tax exemptions

December 8, 2024

Bulgaria’s Council of Ministers has submitted a proposal to parliament for amendments to the Corporate Income Tax Act, focusing on...

Switzerland updates MCAA-CbC participation list, adds Armenia, Georgia, Montenegro

December 8, 2024

An updated the list of participating jurisdictions under the Multilateral Competent Authority Agreement (MCAA) for the exchange of country-by-country (CbC)...

Taiwan publishes guidance on reclassifying expired claims as income

December 5, 2024

Taiwan’s Ministry of Finance has released a notice offering guidance on how to handle accrued expenses that surpass the statute...

EU proposes permanent digital trade certificates with Turkey

December 5, 2024

The European Union (EU) proposed a new measure to solidify the use of electronic A.TR movement certificates in its customs...

EFTA,Thailand conclude negotiations for FTA

December 5, 2024

Representatives from the EFTA States (Iceland, Liechtenstein, Norway and Switzerland) Thailand met online to conclude negotiations towards a free trade...

Kyrgyzstan, Korea(Rep.) sign multiple agreements to strengthen bilateral cooperation

December 5, 2024

An amending protocol to the 2012 income and capital tax treaty between Kyrgyzstan and Korea (Rep.)  was signed on 3...

Kazakhstan: National Bank raises interest base rate

December 5, 2024

The National Bank of Kazakhstan has raised the base interest rate from 14.25% to 15.25%, effective from 2 December 2024....

Ireland: Revenue revises guidance on Interest Limitation Rule

December 5, 2024

Irish Revenue has published eBrief No. 292/24 updated guidance on the Interest Limitation Rule on 29 November 2024. This includes...

Bulgaria: National Assembly reviews VAT Act amendments to align with EU small business scheme

December 5, 2024

Bulgaria’s National Assembly is reviewing a draft bill, presented on 2 December 2024, to amend the Value Added Tax (VAT)...

Kyrgyzstan approves amending protocol to 2012 tax treaty with Korea(Rep.)

December 4, 2024

Kyrgyzstan’s Cabinet of Ministers has authorised the Minister of Economy and Commerce to sign an amendment protocol to the 2012...

San Marino: Parliament approves tax treaty with Lithuania

December 4, 2024

San Marino’s parliament ratified the income and capital tax treaty with Lithuania on 25 November 2024. Earlier, Officials from Lithuania...

Russia, Abkhazia income tax treaty enters into force

December 4, 2024

The tax treaty between Abkhazia and Russia enters into force on 28 November 2024. This agreement will become effective for...

Brazil: Chamber of Deputies approve tax treaty with Norway, amending protocol with Sweden

December 4, 2024

The Brazilian Chamber of Deputies approved an amending protocol with Sweden on 26 November and a  tax treaty with Norway...

Hungary scraps several windfall taxes on profits, adjusts and extends others

December 4, 2024

Hungary issued the Government Decree 356/2024 in the Official Gazette on 21 November 2024, amending Government Decree 197/2022 on temporary...

Slovenia gazettes amendments to Corporate Income Tax Law

December 4, 2024

Slovenia published amendments to the Corporate Income Tax Act (ZDDPO-2U) in the Official Gazette on 26 November 2024. The changes,...

OECD: Norway signs multilateral agreement on exchange of information on CRS avoidance

December 4, 2024

A recent OECD update reported that Norway has signed the Multilateral Competent Authority Agreement on the Automatic Exchange of Information...

South Africa: SARS clarifies tax allowances, deductions for renewable energy generation assets

December 4, 2024

The South African Revenue Service (SARS) has released a guide “Guideline on the on Allowances and Deductions Relating to Assets...