Posts by Abdur Rouf

France sets new interest rates for shareholder interest deductibility

October 14, 2024

France has published interest rates for entities whose financial year (FY) ended between 30 September and 30 December 2024, which...

India consults Income Tax Act, 1961

October 14, 2024

India’s Central Board of Direct Taxes (CBDT) has initiated a public consultation to conduct a comprehensive review of the Income...

Dominican Republic unveils fiscal reform plans

October 14, 2024

The Dominican Republic introduced a draft Law on Fiscal Modernization aimed at modernising its tax system and increasing revenue on...

France: Finance Bill 2025 proposes new corporate and personal income tax regime

October 14, 2024

The French government presented the Finance Bill 2025 during a press conference in Paris on Thursday, 10 October 2024, with...

Kenya consults proposed income tax treaty with Iceland

October 10, 2024

Kenya has initiated a public consultation on the proposed income tax treaty with Iceland. The announcement was made in a ...

Hungary, Serbia sign amending protocol to tax treaty

October 10, 2024

Hungarian and Serbian have signed an amending protocol to their income and capital tax treaty on 8 October 2024 in...

EU publishes its stance on Terms of Reference for a United Nations Framework Convention on International Tax Cooperation

October 10, 2024

The Council of the European Union has declared its Position of the European Union and its Member States on the...

Ireland publishes updated Tax and Duty Manual, bank levy remains unchanged

October 10, 2024

Irish Revenue has released an updated Tax and Duty Manual concerning an additional levy on specific financial institutions on 7...

Iraq to negotiate income and capital tax treaty with Bulgaria

October 10, 2024

The Iraqi Council of Ministers approved the negotiation and signing of an income and capital tax treaty with Bulgaria on...

Japan, Armenia to negotiate new tax treaty

October 10, 2024

The Japanese Ministry of Foreign Affairs announced yesterday that tax treaty negotiations between Japan and Armenia are set to begin...

USA: FinCEN updates FAQs on beneficial ownership information under CTA

October 10, 2024

The Financial Crimes Enforcement Network (FinCEN) USA has updated FAQs regarding Beneficial Ownership Information (BOI) under the Corporate Transparency Act...

Turkey clarifies application and payment periods for restructuring public receivables in earthquake-affected areas

October 10, 2024

The Ministry of Treasury and Finance Turkey has issued General Communiqué No. 7 on Law No. 7440 to clarify the...

South Africa lowers interest rate for interest-free, low-interest loans

October 10, 2024

The South African Revenue Service (SARS) has lowered the interest rate Table 3 for interest-free or low-interest loans from 9.25%...

Turkey ratifies FTA with Ukraine

October 10, 2024

The President of Turkey Recep Tayyip Erdogan ratified the Free Trade Agreement (FTA) with Ukraine, published in Official Gazette No....

Ecuador cuts VAT on electric generators

October 10, 2024

Ecuador has recently implemented a Value Added Tax (VAT) cut on electric generator imports and local sales as part of...

Russia to increase corporate income tax rate on interest from government securities

October 9, 2024

The Russian government has decided to raise the corporate income tax rate on interest earned from government and municipal securities...

New Zealand issues draft guidance on loss carry forward rules

October 9, 2024

The New Zealand Inland Revenue has issued draft guidance interpreting the loss carry forward rules established in 2020, known as...

Russia proposes tax on excess bank profits

October 9, 2024

Russia is set to introduce a new one-time tax on banks’ excess profits following a surge in financial sector earnings....