Posts by Abdur Rouf

Russia: FTS issues new transfer pricing reporting requirements

September 18, 2024

Russia’s Federal Tax Service (FTS) has introduced new guidelines requiring detailed disclosure of the price formation chain in controlled transactions...

Colombia: Government to stand firm on 2025 budget value

September 18, 2024

Colombia’s Finance Minister Ricardo Bonilla says that the proposed 2025 budget will remain at COP 523 trillion (approximately USD 123.9...

Turkey updates CbC reporting notification deadline

September 18, 2024

Turkey Revenue Administration introduced amendments to the country’s transfer pricing regulations which revises the deadlines and authority responsible for overseeing...

Colombia proposes tax reform with new progressive corporate tax, wealth tax changes

September 17, 2024

Colombia’s Ministry of Finance presented a tax reform bill to Congress proposing several key changes to the country’s tax system...

UK consults on updated multinational and domestic top-up tax guidance

September 17, 2024

The UK has launched a consultation on the updated draft guidance for the Multinational Top-up Tax and Domestic Top-up Tax,...

Japan proposes tax reform to ease foreign tax credit rules

September 17, 2024

The Japanese Financial Services Agency (FSA) has presented a tax reform proposal to the Ministry of Finance, which includes relaxing...

Portugal approves draft law for Pillar Two global minimum tax

September 17, 2024

Portugal’s Council of Ministers approved Draft Law 21/XVI/1 for implementing the Pillar Two global minimum tax, in line with Council...

Germany, Latvia: Amending protocol to tax treaty enters into force

September 17, 2024

The updated protocol to the Germany-Latvia income and capital tax treaty came into effect on 23 June 2024, as reported...

Bulgaria: Cabinet approves intent to sign STTR MLI

September 17, 2024

Bulgaria’s Council of Ministers approved a letter of intent to join the Multilateral Convention for Implementing the Pillar Two Subject...

Spain implements new rules for VAT self-assessment corrections

September 13, 2024

The Spanish Boletín Oficial del Estado (BOE) published Order HAC/819/2024, dated 30 July, which introduces necessary changes to VAT form...

Estonia ratifies income tax treaty with Qatar

September 13, 2024

The Estonian parliament approved the ratification of the pending income tax treaty with Qatar on 11 September 2024. The treaty...

Portugal abolishes extraordinary contribution on local accommodation

September 13, 2024

Portugal issued Decree-Law No. 57/2024 in the Official Gazette on 10 September 2024, abolishing the extraordinary contribution on local accommodation...

Italy approves revised taxpayer reliability indices for 2023 tax period

September 13, 2024

Italy’s Ministry of Economy and Finance approved the revised synthetic indexes of taxpayer reliability (Indici Sintetici di Affidabilità fiscale, ISA)...

El Salvador launches tax amnesty programme for debt relief

September 13, 2024

El Salvador’s Ministry of Finance has introduced a new tax amnesty programme, enabling the settlement of outstanding tax and customs...

Turkey clarifies amendments to VAT law, seeks public feedback

September 13, 2024

The Turkish government has released a draft Communiqué detailing the amendments to VAT under Law No. 7524.The draft Communiqué (Serial...

Azerbaijan exempts VAT for import of certain fixed assets under leasing contracts

September 12, 2024

The Cabinet of Ministers of Azerbaijan approved Resolution No. 383, which exempts the import of certain fixed assets under leasing...

Slovak Republic, Moldova sign protocol to tax treaty

September 12, 2024

Moldovan and Slovak Republic officials convened in Bratislava to sign a protocol amending the current treaty between the two countries...

Saudi Arabia issues fees rules on customs services provided at ports

September 12, 2024

The Zakat, Tax and Customs Authority (ZATCA) has announced the issuance of a decision by its Board of Directors regarding...