Posts by Abdur Rouf

Taiwan revises business tax deadlines

August 20, 2024

The President of Taiwan has officially revised and promulgated key provisions of the Value-Added and Non-Value-Added Business Tax Law (Business...

UK to overhaul tax system with new residence-based regime

August 19, 2024

The UK government has announced changes to the tax system which aims to address perceived unfairness and enhance its international...

Taiwan issues guidance on claiming foreign tax credits for overseas income

August 19, 2024

Taiwan’s Ministry of Finance (MoF) has released a notice offering guidance on how to claim foreign tax credits. With the...

Singapore updates e-Tax guide on filing of income tax computations in functional currencies other than Singapore Dollars

August 19, 2024

The Inland Revenue Authority of Singapore (IRAS) has released the second edition of its e-Tax Guide on Filing Income Tax...

Sweden proposes amendments to align Additional Tax Act with EU global minimum tax directive

August 19, 2024

The Sweden’s Ministry of Finance unveiled a set of proposed amendments to the Act (2023:875) on Additional Tax, aimed at...

Vietnam updates indirect overseas investment rules

August 19, 2024

The Governor of the State Bank of Vietnam (SBV) has issued Circular No. 23/2024/TT-NHNN which simplifies administrative procedures by eliminating...

Switzerland wants to negotiate revision to FTA with Japan

August 16, 2024

Switzerland wants to negotiate a revision to the 2009 free trade agreement (FTA) with Japan, the announcement was made through...

Ecuador introduces new rules for large taxpayers on income tax, remittance credits

August 16, 2024

The Ecuadorian Tax Authority, Servicio de Rentas Internas (SRI), has introduced a Resolution No. NAC-DGER CGC24-00000030 which allows large taxpayers...

Switzerland consults on determination of partner states for cryptoassets AEOI

August 16, 2024

The Swiss Federal Council has initiated a public consultation on selecting partner states for the automatic exchange of information regarding...

Germany revises transfer pricing guidelines for intra-group financing

August 16, 2024

Germany’s Federal Ministry of Finance (BMF) has issued a draft version of the Administrative Principles for Transfer Pricing 2023 (VWG...

South Africa to impose VAT on low-value parcels

August 15, 2024

The South African Revenue Services (SARS) has issued interim tax changes on the importation of clothing through e-commerce by several...

UAE releases new corporate tax guide on determining taxable income

August 15, 2024

The UAE Federal Tax Authority (FTA) has released a new Corporate Tax Guide titled “Determination of Taxable Income” (CTGDTI1)”, which...

Taiwan: Fines for regulatory violations are not deductible in tax returns

August 15, 2024

Taiwan’s Ministry of Finance has issued a notice stating that fines for regulatory violations cannot be deducted as expenses or...

Malta releases VAT exemption guidelines for scheduled sea transport

August 15, 2024

Malta’s Commissioner for Revenue has published Guidelines on the VAT exemption on other scheduled sea transport of passengers on 1...

Vietnam proposes changes to corporate income tax rules

August 15, 2024

The Vietnamese Ministry of Finance has released a draft law proposing changes to the country’s corporate income tax (CIT) rule....

Saudi Arabia approves updated investment law

August 15, 2024

The Saudi Press Agency announced the approval of a new Updated Investment Law, published on 11 August 2024. Set to...

South Africa updates guidance on PBO funding to associations of persons

August 14, 2024

The South African Revenue Service (SARS) has released an updated guidance concerning the provision of funds, assets, or other resources...

Lithuania publishes VAT exemption guidelines for educational services

August 14, 2024

The Lithuanian tax authorities published a guidance on VAT exemptions applicable for educational and training services. This comprehensive document specifies...