Posts by Abdur Rouf

Switzerland, Slovenia amending protocol enters into force

November 7, 2024

The amending protocol of income and capital tax treaty between Switzerland and Slovenia entered into force on 16 October 2024. ...

Tajikistan, Kuwait sign amending protocol to tax treaty

November 7, 2024

Tajikistan and Kuwait have signed an amending protocol to revise the Kuwait-Tajikistan Income and Capital Tax Treaty (2013) on 3...

Germany consults draft bill to implement DAC 8

November 7, 2024

The German Ministry of Finance announced a public consultation regarding the implementation of Council Directive (EU) 2023/2226, which amends Directive...

Ecuador: Tax Authority updates electronic invoicing regulations amid energy crisis

November 7, 2024

In response to the national energy crisis, the Ecuadorian Tax Authority (SRI) has issued Resolution NAC-DGERCGC24-00000035, amending the rules for...

UK: HMRC updates online guidance for applying for statutory tax clearances

November 6, 2024

The UK tax authority, HM Revenue & Customs (HMRC), has updated its online guidance regarding the application process for statutory...

Turkey: Ministry of Treasury and Finance clarifies inflation adjustment procedures

November 6, 2024

Turkey’s Ministry of Treasury and Finance has issued a Circular No. 176 on 1 November 2024 offering detailed explanations on...

Turkey extends tax debt restructuring instalments due to earthquake

November 6, 2024

Earlier, Turkey’s Revenue Administration released Presidential Decision No. 8515, adjusting instalment payments for tax debt restructuring under previous laws, which...

US elections: Tax policies to expect in a second term Trump presidency

November 6, 2024

Since the inception of his political career, Trump had championed the working middle-class, however, his biggest tax reliefs were reserved...

Saudi Arabia, Slovenia to conclude tax treaty

November 5, 2024

During the recent Future Investment Initiative conference in Riyadh, held from 29  to 31 October 2024, officials from Saudi Arabia...

Singapore issues advance ruling on classification of hybrid instruments and related matters

November 5, 2024

The Inland Revenue Authority of Singapore has released Advance Ruling Summary No. 7/2024, addressing the classification of hybrid instruments and...

New Zealand concludes trade agreement with the Gulf Cooperation Council

November 5, 2024

New Zealand and the six-nation Gulf Cooperation Council (GCC) have concluded negotiations on a trade agreement that will open up...

Turkey raises rates on income from specific TRY deposits

November 5, 2024

The Turkish Revenue Administration has issued Presidential Decision No. 9075, extending and revising the withholding tax (WHT) rates on income...

Turkey updates VAT implementation Communiqué

November 5, 2024

The Ministry of Treasury and Finance has released Communiqué No. 52 on Value Added Tax (VAT) on Thursday,  31 October...

Spain: MOF issues Order on e-invoicing software systems

November 5, 2024

The Spanish Ministry of Finance(MOF) has released an Order HAC7/1177/2024 of 17 October 2024 concerning computerised billing systems for entrepreneurs...

Saudi Arabia reveals criteria for 17th phase of e-invoicing

November 5, 2024

The Saudi Zakat, Tax, and Customs Authority (ZATCA) has announced updated compliance criteria for the 17th group of businesses required...

Taiwan issues new tax calculation guidelines for foreign companies

November 4, 2024

Taiwan’s Ministry of Finance has released notice for foreign companies on applying the net profit ratio and domestic profit contribution...

Spain to abolish energy sector windfall tax while extending tax on banks

November 4, 2024

The Spanish government is reportedly set to finalise an agreement that will terminate the windfall tax on the energy sector...

Kuwait, Macau initiate negotiations for tax agreement

November 4, 2024

An update from the General Consulate of Kuwait in Hong Kong and Macau on 14 October 2024 confirms that the...