Posts by Abdur Rouf

Russia: Central Bank raises record high key interest rate

October 30, 2024

The Central Bank of Russia (CBR) has increased the key interest rate from 19% to 21%, on Friday, 25 October...

New Zealand consults use of cost method for calculating foreign investment fund income

October 30, 2024

New Zealand Inland Revenue has initiated a public consultation the draft interpretation statement, PUB00458 Income Tax – Using the Cost...

Ecuador to reduce VAT for tourism services in November

October 29, 2024

Ecuador has announced a temporary VAT reduction on tourism-related services, lowering the rate from 15% to 8% from 1 to...

Austria gazettes Progression Compensation Act 2025

October 29, 2024

Austria published the Progression Compensation Act 2025 (Progressionsabgeltungsgesetz 2025, PrAG 2025) in the Official Gazette on 9 October 2024, implementing ...

Kyrgyzstan: Parliament approves ratification of tax treaty with Slovak Republic

October 29, 2024

The parliament of Kyrgyzstan approved the bill ratifying its income tax treaty with the Slovak Republic on 23 October 2024....

UAE publishes guide on corporate tax for real estate investment

October 29, 2024

The UAE Federal Tax Authority has published a guide outlining corporate tax rules for individuals earning income from real estate...

Luxembourg introduces updated online filing procedures for fund subscription tax returns

October 29, 2024

The Luxembourg Registration Duties, Estates and VAT Authority launched new online procedures  N° 821 for submitting subscription tax returns for...

UAE to implement mandatory e-invoicing for B2B, B2G transactions

October 29, 2024

The UAE  Ministry of Finance (MoF) has announced plans to implement a mandatory electronic invoicing (e-invoicing) system for business-to-business (B2B)...

Sweden moves to suspend income tax treaty with Russia

October 28, 2024

The Swedish government has presented a bill, the Repeal Act, to the Parliament with the intention to annul Act (1993:1301)...

Qatar approves amending protocol to tax treaty with Norway

October 28, 2024

Qatar’s Council of Ministers approved for ratification the amending protocol to the income tax treaty with Norway on 23 October...

Turkey: GNAT passes law to enhance consumer protections, competitiveness

October 28, 2024

The Grand National Assembly of Turkey (GNAT) has passed a new law (Law No. 213) to enhance consumer protections and...

India: Tax authority is required to provide justification when rejecting a taxpayer’s chosen transfer pricing method

October 28, 2024

The Delhi High Court delivered a judgement regarding the tax authority’s rejection of SABIC India Pvt. Ltd.’s chosen transfer pricing...

Montenegro, Germany initiate tax treaty negotiations

October 24, 2024

First round of discussions regarding an income and capital tax treaty between Germany and Montenegro concluded in Podgorica from 7...

Argentina ratifies tax treaty with China

October 24, 2024

Argentina ratified the income and capital tax treaty with China, Law 27780 was published in the Official Gazette on 18...

France: Finance Committee approves amendment on tax residency for citizens residing abroad

October 24, 2024

The Finance Committee of the French National Assembly has approved an amendment to the 2025 Finance Bill that changes tax...

UK: HMRC publishes guidance on VAT for private education providers

October 24, 2024

The UK tax authority, His Majesty’s Revenue and Customs (HMRC), has issued a guidance for private education providers regarding the...

South Africa considers incentivising local manufacturing of electric and hybrid vehicles

October 24, 2024

South African President, Cyril Ramaphosa, announced that he is considering the introduction of tax rebates or subsidies to encourage local...

Egypt unveils tax incentives to simplify compliance, boost economic growth

October 24, 2024

Egypt’s Minister of Finance, Ahmed Kouchouk, during a press conference, unveiled a new package of tax incentives in an attempt...