Posts by Abdur Rouf

Saudi Arabia: ZATCA announces 18th wave of e-invoicing integration

December 4, 2024

The Zakat, Tax and Customs Authority (ZATCA) has revealed the criteria for the 18th group of taxpayers who must comply...

US: IRS and Treasury extend consultation deadline for proposed CAMT regulations

December 4, 2024

The US Treasury Department and Internal Revenue Service (IRS) have announced an extension for submitting comments on the proposed regulations...

Turkey reduces tax exemption on long term capital gains

December 3, 2024

The Revenue Administration of Turkey has announced the decision (Presidential Decision No. 9160) to reduce the tax exemption on capital...

Ireland clarifies interest deductions for connected party loans

December 3, 2024

Irish Revenue has published a new Tax and Duty Manual – Part 36-00-19 Interest on loans to defray money applied...

Dominican Republic clarifies taxation of foreign dividends

December 3, 2024

The Directorate General of Internal Revenue (DGII) of the Dominican Republic issued a consultation letter offering clarification regarding the taxation...

Switzerland: Federal Council recommends rejecting loss carryforward time limit extension

December 3, 2024

The Swiss Federal Council announced the adoption of a dispatch proposing legislation to extend the loss carry forward period from...

Singapore: IRAS issues updated e-tax guide on the GST advance ruling system

December 3, 2024

The Inland Revenue Authority of Singapore (IRAS) has published an updated version of its e-Tax guide   GST: Advance Ruling...

Peru simplifies tax residency certification with new resolution

December 3, 2024

Peru has introduced Resolution No. 000141-2024/SUNAT, published in the Official Gazette on 14 July 2024, updated to the procedures governing...

UK introduces statutory levy on gambling operators

December 2, 2024

The government announced taking its first steps towards strengthening gambling harm legislation on 27 November 2024, confirming plans to implement...

Singapore, New Zealand sign Competent Authority Arrangement on arbitration under BEPS MLI

December 2, 2024

The Inland Revenue Authority of Singapore has announced the signing of a Competent Authority Arrangement with New Zealand regarding arbitration...

Hungary, US: CbCR agreement comes into force

December 2, 2024

The Hungary-United States Agreement on the Automatic Exchange of Country-by-Country Reports  (CbCR) (2024) came into effect on 25 November 2024....

Hong Kong lowers interest rate on tax reserve certificates

December 2, 2024

The Hong Kong Inland Revenue Department announced on 29 November 2024 that starting from 2 December 2024, the new annual...

Taiwan: Ministry of Finance announces withholding tax system optimisations, effective 1 January 2025

December 2, 2024

To optimise Taiwan’s income tax withholding system and protect the rights and interests of taxpayers, amendments to the Income Tax...

South Africa: SARS updates interest rate tables, reduces all rates

December 2, 2024

The South African Revenue Service (SARS) has published updated interest rate tables on 22 November 2024. Interest rates charged in...

Singapore enacts Multinational Enterprise (Minimum Tax) Act, Income Tax (Amendment) Act

December 2, 2024

Singapore has enacted two tax laws, Income Tax (Amendment) Act 2024 and Multinational Enterprise (Minimum Tax) Act 2024, with the...

Vietnam, Armenia confirm intent to sign tax treaty

November 29, 2024

The government of Vietnam announced – on 19 November 2024, during a meeting between officials from Armenia and Vietnam at...

France: Prime Minister scraps electricity tax hike

November 29, 2024

French Prime Minister Michel Barnier announced on Thursday, 28 November 2024, that he will be abandoning plans to raise electricity...

Turkey reduces corporate tax exemption rate on asset sales

November 29, 2024

Turkey’s government issued Presidential Decision No. 9160 on 27 November 2024, reducing the exemption rate for corporate income tax on...