Posts by Abdur Rouf

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...

South Africa unveils 2024 medium term budget policy, introducing global minimum tax measures

November 4, 2024

The South African National Treasury published its 2024 Medium Term Budget Policy Statement (MTBPS) On 30 October 2024, which includes...

Turkey: Parliament approves law modifying tax procedure’s inflation adjustment rules

November 4, 2024

Turkey Parliament has enacted Law No. 7529, introducing amendments to the inflation adjustment provisions of the Tax Procedure Law (TPL)...

Morocco approves first income tax treaty with Cape Verde

November 4, 2024

The Moroccan Council of Ministers approved the pending income tax treaty with Cape Verde on 18 October 2024. A tax...

Ukraine and Oman discuss bilateral relations and income tax treaty

November 4, 2024

Ukraine’s Ministry of Foreign Affairs has reported that officials from Oman and Ukraine met on 23 October 2024 to discuss...

Liechtenstein, Ireland sign tax treaty

November 4, 2024

The Liechtenstein government issued a release announcing that Prime Minister Daniel Risch and Ambassador Aoife McGarry signed a double taxation...

Andorra and Germany to initiate income tax treaty negotiation

November 4, 2024

As stated in a release from the Andorran government officials from Andorra and Germany are set to begin the first...

New Zealand: Government seeks public feedback on proposed inland revenue-MBIE information sharing agreement

November 4, 2024

The Government of New Zealand has released a consultation paper, seeking public feedback on a proposed approved information sharing agreement...

Italy passes decree on VAT scheme for small businesses

November 1, 2024

Italy’s Council of Ministers has passed the Legislative Decree implementing the Amending Directive to the VAT Directive (2020/285) and the...

European Union imposes final countervailing duty on Chinese electric vehicle imports

November 1, 2024

The European Commission announced a definitive countervailing duty on imports of new battery electric vehicles (BEVs) from China. This decision...