Posts by Abdur Rouf

South Africa publishes guidance for taxation of small businesses

October 3, 2024

The South African government has released a revised tax guide for small businesses for the 2023/24 fiscal year on 26...

Ireland: DPC fines Meta EUR 91 million

October 3, 2024

The Data Protection Commission (DPC) of Ireland announced its final decision following an inquiry into Meta Platforms Ireland Limited (MPIL)...

Ethiopia introduces VAT exemptions on water, electricity, mass transport services for low-income groups

October 3, 2024

The Ethiopian Ministry of Finance published VAT Directive No. 1341/2024, outlining the application of VAT on water, electricity, and transport...

Turkey ends requirement for purchase, sales notifications

October 3, 2024

Turkey has abolished the necessity of submitting the Notification on Purchases of Goods and Services (Form Ba) and the Notification...

Kuwait, San Marino sign income and capital tax treaty

October 2, 2024

Kuwait’s Ministry of Foreign Affairs announced that officials from Kuwait and San Marino signed an income and capital tax treaty...

Peru enacts new rules for determining FMV of non-listed securities in related-party transactions

October 2, 2024

The Peruvian Government enacted Legislative Decree 1663 on 24 September 2024, amending the Income Tax Law to introduce rules for...

France: Prime Minister proposes increased taxation on large corporations

October 2, 2024

France’s Prime Minister, Michel Barnier, has proposed several tax measures aimed at reducing the national debt as part of his...

Kuwait ratifies tax treaty with Iraq, amending treaty protocol with South Africa and Switzerland

October 1, 2024

Kuwait ratified income tax treaty with Iraq and amending protocol to the treaty with South Africa and Switzerland on 18...

Ireland consults tax treatment of interest

October 1, 2024

Ireland’s Department of Finance has announced the initiation of a public consultation regarding the tax treatment of interest on Friday,...

Zambia presents 2025 budget

October 1, 2024

Zambia’s Minister of Finance and National Planning, Situmbeko Musokotwane, presented the 2025 National Budget to the National Assembly on Friday,...

South Africa updates corporate income tax return form, allows additional allowance for renewable energy production

October 1, 2024

The South African Revenue Service (SARS) has updated the corporate income tax return form (ITR14 form), allowing taxable entities to...

Ireland publishes responses on second feedback statement for introduction of participation exemption for foreign dividends

October 1, 2024

The Irish Government published the responses collected from the second feedback statement regarding the implementation of a participation exemption regime...

Lithuania moves towards full implementation of Pillar Two global minimum tax

October 1, 2024

Seimas, the Lithuanian parliament is reviewing a draft law to fully implement the Pillar Two global minimum tax, in line...

Botswana, Estonia sign income tax treaty

September 30, 2024

Officials of  Botswana and Estonia have signed an income tax treaty  on 25 September 2024. Earlier, Estonia’s government approved signing...

Luxembourg approves income, capital tax treaty with Montenegro

September 30, 2024

Luxembourg’s Council of State approved the draft law for the ratification of the income and capital tax treaty with Montenegro...

Uruguay ratifies income, capital tax treaty with Colombia

September 30, 2024

Uruguay ratified the income and capital tax treaty with Colombia through Law No. 20367 on 23 September 2024, the news...

Uruguay extends CIT and Net Wealth Tax exemptions, updates definition of Shared Services Centre

September 30, 2024

The Ministry of Economy and Finance in Uruguay updated the definition of “Shared Services Centre” and extended tax exemptions for...

Greece releases solidarity contribution details for energy, mining sectors

September 30, 2024

The Greek Public Revenue Authority (AADE) has  published an outline of the form and content of the temporary solidarity contribution...