Posts by Abdur Rouf

Russia approves income tax treaties with Abkhazia and Malaysia

September 9, 2024

The Russian government approved draft laws for the ratification of pending income tax treaties with Abkhazia and Malaysia on 4...

Austria approves negotiation of income tax treaty with Libya

September 9, 2024

The Austrian Council of Ministers has approved the negotiation of an income tax treaty with Libya on 4 September 2024....

Lithuania, Taiwan sign income tax treaty

September 6, 2024

On 3 September 2024, Lithuania’s Ministry of Economy and Innovation announced the signing of an income tax treaty with Taiwan,...

Taiwan sets new e-invoice and withholding tax deadlines

September 6, 2024

Taiwan announced new deadlines for e-invoice submissions and revised withholding tax deadlines, following updates approved by the President on 7...

Denmark launches consultation on zero VAT rate for domestic air travel

September 6, 2024

The Danish government has commenced a consultation on a draft legislation that includes amendments to the VAT Act and other...

Bermuda and New Zealand activate first tax information exchange agreement

September 6, 2024

As per recent reports, Bermuda and New Zealand have officially activated their first-ever tax information exchange agreement, which came into...

Sri Lanka to sign first income tax treaty with Austria

September 6, 2024

At a press briefing on Cabinet decisions from 2 September 2024, Sri Lanka’s Cabinet announced its approval for signing an...

Finland announces budget for FY 2025

September 6, 2024

The Finnish Government announced the 2025 Budget on 3 September 2024. This release outlines several tax policy decisions that align...

Saudi Arabia: ZATCA sets criteria for 15th e-invoicing phase; compliance starts 1 March 2025

September 5, 2024

Saudi Arabian Zakat, Tax and Customs Authority (ZATCA) announced the criteria for the 15th group of taxpayers who must adhere...

Singapore unveils summary of feedback on pillar 2 tax legislation and 2024 budget reforms

September 5, 2024

Singapore’s Ministry of Finance released the Summary of Responses to the Public Consultation on the Draft Multinational Enterprise (Minimum Tax)...

Switzerland to implement Pillar 2 IIR from January 2025, UTPR deferred

September 5, 2024

The Swiss Federal Council has declared that the Pillar 2 income inclusion rule (IIR) will be effective from 1 January...

Montenegro and Ukraine initial new income tax treaty to replace 2001 agreement

September 5, 2024

Montenegro and Ukraine officials reportedly concluded the second round of negotiations by initiating an income tax treaty on 28 August...

New Zealand issues Commissioner’s Statement on withholding in transfer pricing

September 4, 2024

The New Zealand tax authority released the Commissioner’s statement (CS) 24/02: Withholding obligations arising in relation to transfer pricing arrangements...

Albania updates double taxation treaty rules

September 4, 2024

Albania’s Ministry of Finance has announced Instruction No. 11 of 23 July 2024, published in the Official Gazette No. 133/2024....

Slovak Republic approves draft bill to revise motor vehicle taxes

September 4, 2024

The government of the Slovak Republic approved a draft bill amending the Law on Motor Vehicle Tax, which includes two...

Peru implements 18% VAT for digital services

September 3, 2024

The Ministry of Economy has announced new regulations (Supreme Decree No. 157-2024-EF) for VAT collection on digital services provided by...

Korea (Rep), Paraguay sign MoU on Trade and Investment Promotion Framework

September 3, 2024

Korea (Rep.) and Paraguay signed a memorandum of understanding (MoU) on the Trade and Investment Promotion Framework (TIPF) on 23...

India, Panama interested to conclude tax treaty

September 3, 2024

The General Directorate of Revenue of Panama’s Ministry of Economy and Finance announced that India and Panama have shown interest...