Posts by Abdur Rouf

UK, Ecuador sign first income tax treaty

August 9, 2024

The United Kingdom and Ecuador signed their first ever income tax treaty on 6 August 2024. The agreement must now...

UK: HMRC publishes digital platform reporting guidelines

August 8, 2024

The UK HMRC published a guidance on Reporting rules for digital platforms on the UK’s implementation of the OECD’s Model...

UK increases energy profits levy rate, eliminates main investment allowance

August 8, 2024

UK HM Treasury has released a policy paper detailing changes to the Energy Profits Levy (EPL), which involve raising the...

UK revises late payment interest rates

August 8, 2024

The UK HMRC has announced a revision of late payment and repayment interest rates following the Bank of England’s recent...

Taiwan clarifies collateral provided for lifting exit restrictions

August 8, 2024

Taiwan’s Ministry of Finance has clarified that collateral provided to lift travel restrictions due to outstanding tax debts will not...

Turkey extends Q2 2024 provisional tax return deadline

August 8, 2024

Turkey’s Revenue Administration has announced an extension for the submission of the provisional tax return for the second quarter of...

Kazakhstan publishes updated tax code draft

August 8, 2024

Kazakhstan’s Ministry of National Economy has updated the draft of its new tax code, introducing several amendments, on 24 July...

Korea proposes 2024 tax law overhaul to boost economy

August 7, 2024

The Ministry of Economy and Finance of South Korea (ROK) introduced its proposed 2024 Tax Law Amendment Bill on 25...

New Zealand publishes double tax agreement order for Austria

August 7, 2024

New Zealand has published the Double Tax Agreements (Austria) Order 2024, which facilitates the ratification of the protocol to the...

UAE urges corporate tax registration for June-License holders by August

August 7, 2024

The UAE Federal Tax Authority (FTA) has issued a press release urging juridical persons (legal entities) that are Resident Persons...

South Africa consults draft guide on tax incentives for renewable energy investments

August 7, 2024

The South African Revenue Service (SARS) has published a draft guide concerning allowances and deductions for assets used in generating...

Saudi Arabia extends penalty exemption

August 7, 2024

The Saudi Zakat, Tax, and Customs Authority (ZATCA) has announced an extension of the penalty exemption initiative until 31 December...

Montenegro ratifies tax treaty with Luxembourg

August 6, 2024

The Parliament of Montenegro announced the passage of the law to ratify the income and capital tax treaty with Luxembourg...

Estonia announces security tax, delays tax-free income increase

August 6, 2024

Estonia’s new coalition government, formed by Prime Minister Kristen Michal, has published details of the Coalition Agreement 2024-2027, which was...

Saudi Arabia releases third edition of transfer pricing guidelines

August 6, 2024

The Zakat, Tax and Customs Authority (ZATCA) in Saudi Arabia published the third edition of its Transfer Pricing (TP) Guidelines...

Colombia: DIAN clarifies tax incentives for ZOMAC zones in new ruling

August 6, 2024

The Colombian tax authority (DIAN) recently issued Ruling 531 on 10 July 2024, clarifying tax incentives for businesses in zones...

South Africa consults tax reform measures in 2024 budget

August 6, 2024

The South African National Treasury has initiated a public consultation process on 1 August 2024, seeking input on a series...

Turkey enacts tax reform law, includes Pillar Two global minimum tax

August 6, 2024

The Turkish Revenue Administration has officially published Law No. 7524 in the Official Gazette, on 2 August 2024, introducing significant...