Posts by Abdur Rouf

Taiwan to raise AMT to 15% for large MNEs 2025

September 3, 2024

The Ministry of Finance in Taiwan has announced draft changes to the alternative minimum tax (AMT) rate as part of...

Luxembourg details certificate requirements for investment tax credit

September 2, 2024

Luxembourg’s Minister of Finance has introduced a new decree specifying the data required on certificates for claiming the investment tax...

Germany unveils Future Financing Act II to boost capital market

September 2, 2024

Germany’s Ministry of Finance unveiled a second draft bill, the Zukunftsfinanzierungsgesetz II (Future Financing Act II), aimed at further enhancing...

Bosnia and Herzegovina implements advance tax ruling regulations

September 2, 2024

The Federal Ministry of Finance has implemented changes to the regulations governing advance tax rulings within the Federation of Bosnia...

Australia: Tax cuts fail to boost spending in July 2024

September 2, 2024

Australian retail sales remained unchanged in July, following two months of growth, indicating that recent tax cuts have yet to...

India: GST collections rise 10% in August 2024

September 2, 2024

India’s Goods and Services Tax (GST) collections for August 2024 totalled to INR 1.75 trillion (USD 20.87 billion), marking a...

UK plans higher windfall tax on North Sea oil, gas producers

September 2, 2024

The British government’s plan to raise the windfall tax on North Sea oil and gas producers. In late July, the...

Slovak Republic considers extending solidarity contribution for oil, gas sectors

August 30, 2024

Slovak Republic parliament has accepted a draft bill for consideration proposing to extend the temporary solidarity contribution on the crude...

Thailand: Cabinet approves STTR MLI letter of intent

August 30, 2024

Thailand’s Council of Ministers approved a letter of intent to sign the Multilateral Convention for the Pillar Two Subject-to-Tax Rule...

Saudi Arabia consults proposed amendments to VAT implementation regulations

August 30, 2024

Saudi Arabia Zakat, Tax and Customs Authority (ZATCA) announced proposed amendments to the VAT Implementation Regulations on 28 August 2024,...

South Africa publishes guidance for withholding tax on royalties

August 30, 2024

The South African Revenue Service (SARS) has issued guidance on withholding tax for royalties, providing clarification on the completion of...

Ireland updates R&D relief guidance

August 30, 2024

Irish Revenue has updated the guidance on relief for key employees involved in R&D activities, detailed in   eBrief No. 228/24,...

Australia updates corporate tax transparency reporting 22-23

August 30, 2024

The Australian Taxation Office (ATO) has updated corporate tax transparency for the 2022–23 income year and onwards. The corporate tax...

Switzerland approves VAT reform with key changes from 2025

August 29, 2024

The Federal Council of Switzerland has approved VAT reform, effective 1 January 2025. The reforms introduce several key changes, which...

UAE: FTA urges june-licensed juridical entities to register for corporate tax by August 2024

August 29, 2024

The UAE Federal Tax Authority (FTA) has issued a reminder for juridical persons licensed in June to submit their Corporate...

Singapore rules partnership profit from business sales to be classified as capital gains

August 29, 2024

The Inland Revenue Authority of Singapore has released Advance Ruling Summary No. 01/2024, addressing whether the profit a partnership earns...

Ireland releases second consultation feedback on participation exemption for foreign dividends

August 29, 2024

Ireland’s Department of Finance has released a second feedback statement for consultation on implementing a participation exemption for foreign-sourced dividends...

Azerbaijan implements new e-commerce VAT regulations for non-residents

August 28, 2024

In July 2024, Azerbaijan’s State Tax Service introduced regulations for the electronic registration, re-registration, and de-registration of non-residents involved in...