Posts by Abdur Rouf

Ukraine clarifies corporate tax rules for German entities under transfer pricing provisions

October 9, 2024

The Ministry of Finance of Ukraine has issued a clarification concerning the corporate taxes of the Federal Republic of Germany...

Taiwan: MOF clarifies application of tax treaties

October 9, 2024

Taiwan’s Ministry of Finance (MOF) has published a statement clarifying the application of the country’s tax treaties on 26 September...

Hong Kong lowers interest rate on tax reserve certificates

October 9, 2024

The Inland Revenue Department of Hong Kong announced, on 4 October 2024, that starting from 7 October 2024, the new...

Moldova approves tax treaty protocol with Luxembourg

October 8, 2024

According to information published on its website, the Moldovan government approved the amending protocol to the Luxembourg-Moldova Income and Capital...

Ireland enacts double taxation relief order, ratifying protocol with Jersey

October 8, 2024

Ireland has officially enacted the Double Taxation Relief (Taxes on Income) (Jersey) Order 2024, paving the way for the ratification...

Saudi Arabia ratifies tax treaty with Qatar

October 8, 2024

Saudi Arabia’s Shura Council ratified the income tax treaty with Qatar on 2 October 2024. Previously, Qatar and Saudi Arabia...

Taiwan introduces CFC De minimis rule for profit seeking enterprises

October 8, 2024

Taiwan’s Ministry of Finance has announced a de minimis test enabling profit-seeking enterprises to avoid recognizing investment income under the...

Singapore: IRAS issues advance ruling summary on classification of hybrid instruments

October 8, 2024

The Inland Revenue Authority of Singapore (IRAS) has released Advance Ruling Summary No. 5/2024, addressing the classification of hybrid instruments...

Ireland ratifies income tax treaty with Oman

October 8, 2024

Ireland has officially released the Double Taxation Relief (Taxes on Income) (Sultanate of Oman) Order 2024, paving the way for...

New Zealand: IRD updates compliance guide for multinational enterprises, incorporating BEPS and pillar two measures

October 8, 2024

The Inland Revenue Department (IRD) New Zealand has updated its compliance focus guide for multinational enterprises (MNEs) to reflect important...

UK, Thailand sign ETP to boost economic partnership

October 8, 2024

Thailand and the United Kingdom formalised an Enhanced Trade Partnership (ETP) in Bangkok on 18 September 2024. Trade Minister Douglas...

Luxembourg approves tax treaty with Albania

October 7, 2024

Luxembourg’s Council of State approved a draft law to ratify the income and capital tax treaty with Albania on 24...

UAE: FTA urges Resident Juridical Persons with licences issued in August and September to register for corporate tax before end of October

October 7, 2024

The UAE Federal Tax Authority (FTA) has urged Resident Juridical Persons with licences issued in August and September to submit...

UAE amends executive regulations on VAT

October 7, 2024

The Ministry of Finance announced that the UAE Cabinet has approved Decision No. 100 of 2024, which amends certain provisions...

Thailand extends VAT exemption for cryptocurrency, digital tokens

October 7, 2024

The government of Thailand exempted Value Added Tax (VAT) on cryptocurrency transfers and the use of digital tokens in Royal...

Peru updates invoice recording deadlines, grants tax authority power to generate purchase register

October 7, 2024

The Peru government has implemented changes to amend deadlines for recording invoices in the purchase register for value added tax...

Taiwan publishes guidance on application of tax laws for entities donating goods for charity

October 4, 2024

Taiwan’s Ministry of Finance has released guidance on the application of business tax laws and regulations related to donations of...

Spain consults crypto-asset reporting framework

October 4, 2024

The Spanish Ministry of Finance and Public Administration has initiated a public consultation on a draft bill to implement EU...