Posts by Abdur Rouf

UK: HMRC clarifies changing filing member for Pillar Two top-up taxes account

November 26, 2024

The UK tax authority, HM Revenue & Customs (HMRC), has published guidance on a service for replacing the filing member...

Spain: Parliament extends windfall tax on banks, reintroduces loss restrictions

November 26, 2024

The Spanish lower house of parliament (Congress of Deputies) approved a new fiscal package that includes a three-year extension of...

Ireland gazettes Finance Act 2024

November 26, 2024

Ireland has published the Finance Act 2024 (Act No. 43 of 2024) in the Official Gazette. This legislation was enacted...

Russia increases tax deductions for software and database costs starting 2025

November 25, 2024

The Russian Ministry of Finance has issued Guidance Letter No. 03-03-06/1/96344 on 10 April 2024, clarifying updates to tax deductions...

Vietnam: Government proposes VAT reduction extension for 2025

November 25, 2024

The Vietnamese government issued Resolution No. 218/NQ-CP on 12 November 2024, instructing the Ministry of Finance to propose policies for...

UK: HMRC issues guidance on paying pillar 2 top-up taxes

November 25, 2024

The UK His Majesty’s Revenue and Customs (HMRC) released guidance on how and when to pay the Pillar 2 top-up...

Kyrgyzstan approves protocol to amend 2005 tax treaty with Germany

November 25, 2024

The Cabinet of Ministers of Kyrgyzstan has granted the Minister of Economy and Commerce the authority to sign a protocol...

Spain: Lower house of parliament passes global minimum tax bill

November 25, 2024

The Spanish lower house of parliament (Congress of Deputies) passed the draft bill on 21 November 2024, for implementing the...

India, Nigeria hold talks on income tax treaty

November 25, 2024

According to a release, officials from India and Nigeria held discussions on bilateral relations from 17 to 18 November 2024,...

Sri Lanka: IRD launches e-services for 2023/24 tax returns

November 25, 2024

The Sri Lanka Inland Revenue Department (IRD) has announced the launch of its “e-services” platform for the electronic filing of...

Oman ratifies tax treaty with Ireland

November 22, 2024

The Sultan of Oman issued a Royal Decree No. 60/2024 ratifying the income tax treaty with Ireland on 19 November...

Switzerland: Federal Council adopts dispatch on amendment of DTA with Hungary

November 22, 2024

The Swiss Federal Council announced the adoption of the proposal to approve the protocol to amend the 2012 income and...

Russia clarifies taxation of international shipping under 1997 treaty with Turkey

November 22, 2024

The Russian Ministry of Finance (MoF) issued Guidance Letter No. 03-08-09/96760 on 2 November 2024, clarifying the tax treatment of...

Switzerland updates list of jurisdictions of automatic exchange of financial account information

November 22, 2024

The Swiss State Secretariat for International Finance has released an updated list of Automatic Exchange of Financial Account Information (AEOI)...

Uruguay introduces tax incentives for telecom companies for electronic surveillance services

November 22, 2024

Uruguay issued Decree No. 281/024, on 31 October 2024, which aims to promote electronic surveillance services provided by telecommunication companies...

South Africa consults taxation of alcoholic beverages, phase two of carbon tax, tax treatment of collective investment schemes

November 22, 2024

South Africa’s National Treasury has unveiled three discussion papers for public consultation, on 13 November 2024, focusing on carbon tax,...

Czech Republic, Korea (Rep.) sign MoU on trade and investment promotion framework

November 22, 2024

Czech Republic and Korea (Rep.) signed a memorandum of understanding (MoU) on the Trade and Investment Promotion Framework (TIPF) on...

Ukraine: Parliament approves 2025 draft budget law

November 22, 2024

Ukraine’s Verkhovna Rada (parliament) has formally adopted the draft budget law for 2025 on 19 November 2024. The draft law...