Posts by Abdur Rouf

Korea, UK negotiate enhanced FTA

November 15, 2024

A release from the Ministry of Trade, Industry and Energy of the Republic of Korea on  11 November 2024, announced...

Bosnia and Herzegovina proposes mandatory e-invoicing

November 15, 2024

The government of Bosnia and Herzegovina has proposed mandatory electronic invoicing and reporting requirements to combat tax fraud, particularly for...

Turkey updates investment project evaluation criteria

November 15, 2024

Turkey’s Ministry of Industry and Technology issued a new Communiqué on Wednesday, 13 November 2024 amending the guidelines for Communiqué...

Colombia: DIAN mandates certification for third-party debts under thin capitalization rules

November 15, 2024

The Colombian tax authority (DIAN) issued Ruling 803 of 23 September 2024, released on 1 November 2024, which provides guidance...

South Africa releases draft bill with proposed changes to environmental taxes and more

November 14, 2024

The South African National Treasury has released the draft Taxation Laws Amendment Bill (B16-2024)  on 30 October 2024, which includes...

New Zealand: Inland Revenue opens public consultation on draft Tax residence interpretation statement

November 14, 2024

New Zealand Inland Revenue has initiated a public consultation on a draft Interpretation Statement (IS) regarding Tax Residence, which clarifies...

Taiwan: Ministry of Finance issues guidelines for businesses changing to a special fiscal year

November 14, 2024

Taiwan’s Ministry of Finance has released a notice outlining the requirements for businesses transitioning from a calendar year to a...

Sweden terminates 1993 tax treaty with Russia

November 14, 2024

As reported recently, Sweden has informed Russia of its decision to suspend the application of the 1993 income tax treaty...

UK: HMRC publishes new guidelines for patent box computations assistance

November 14, 2024

The UK tax authority, His Majesty’s Revenue & Customs (HMRC) has released new guidelines to assist with Patent Box computations...

Turkey, Guinea discuss expanding trade and tax cooperation

November 14, 2024

A release from the Turkish Ministry of Family, Labour, and Social Services, published on 6 November 2024, reported that officials...

Lithuanian parliament approves tax treaty ratification with Andorra

November 14, 2024

Lithuania’s parliament (Seimas) approved the ratification of the tax treaty on income and capital with Andorra on 12 November 2024....

Serbia approves protocol amending 2001 tax treaty with Hungary

November 14, 2024

The Serbian government approved the protocol amending the 2001 income and capital tax treaty with Hungary on 31 October 2024....

South Africa: National Treasury consults urban development zone tax incentive

November 13, 2024

The National Treasury of South Africa has invited interested parties to participate in the urban development zone (UDZ) tax incentive...

Portugal updates indexation coefficients for capital gains tax on 2024 sales

November 13, 2024

The Portuguese Government  has published the indexation coefficients for calculating capital gains or losses applicable to personal and corporate income...

Bangladesh: NBR lowers capital gains tax rate

November 13, 2024

The National Board of Revenue (NBR) issued a notification outlining amendments to the capital gains tax provisions under the Income...

Saudi Arabia urges taxpayers to benefit from the cancellation of fines and exemption of penalties initiative

November 13, 2024

The Saudi Zakat, Tax, and Customs Authority (ZATCA) has issued a statement urging all taxpayers to take advantage of the...

Luxembourg updates CbC reporting guidance

November 13, 2024

The Luxembourg Administration of Direct Tax has updated its Country-by-Country (CbC) reporting guidance page, including an updated CbC reporting FAQ,...

UK: HMRC releases XML schema, related documents for digital platform reporting

November 13, 2024

UK HMRC published the Digital platform reporting XML schema and supporting documents 24 October 2024. The documents include XML schema...