Posts by Abdur Rouf

Peru introduces new VAT rules for digital services, online purchases

August 6, 2024

The government of Peru has enacted Legislative Decree No. 1623, dated 2 August, 2024, to implement new rules for collecting...

UAE: FTA introduces new guidelines for corporate tax clarifications, APA submissions

August 6, 2024

In a move aimed at enhancing clarity and support for taxpayers in the UAE, the Federal Tax Authority (FTA) has...

Greece: MoF proposes 3% tax discount for early lump-sum payments

August 2, 2024

The Greek Ministry of Finance (MoF) has proposed extending the 3% discount for lump-sum personal income tax (PIT) payments until...

Russia publishes federal law with major tax reforms

August 2, 2024

Russia officially published Federal Law No. 176-FZ on 12 July 2024, introducing a set of tax reforms effective from 2025....

Vietnam proposes new corporate income tax law

August 2, 2024

Vietnam’s Ministry of Finance has proposed a new Corporate Income Tax Law (“Draft CIT Law”), which aims to modernise the...

India releases clarifications on new capital gains regime proposed in union budget 2024

August 1, 2024

India’s Central Board of Direct Taxes (CBDT) issued a set of Frequently Asked Questions (FAQs) to clarify details of the...

Singapore clarifies CIT rebate and cash grant details 2024

July 31, 2024

The Inland Revenue Authority of Singapore (IRAS) released updated guidance clarifying the CIT Rebate for the Year of Assessment 2024...

Ireland: Revenue issues eBrief on updated interest charges for late tax payments

July 31, 2024

Irish Revenue has released eBrief No. 198/24, detailing updated guidelines for charging interest on late payments of income tax, corporation...

France updates interest deduction rates for shareholder loans

July 31, 2024

The French tax authority has updated the interest rates used to define the deductibility of interest payments made to shareholders....

Dominican Republic updates inflation adjustments and exchange rates for fiscal year 2024

July 31, 2024

The Dominican Republic’s Directorate General of Internal Revenue (DGII) has released Resolution No. DDG-AR1-2024-00005, establishing key financial adjustments for the...

Colombia proposes updates to electronic invoicing rules

July 31, 2024

Colombia’s National Tax and Customs Directorate (DIAN) has issued a draft resolution aimed at updating and expanding the electronic invoicing...

Saudi Arabia revises customs duties to boost national industries

July 31, 2024

Saudi Arabia’s Finance Minister, who also chairs the Zakat, Tax, and Customs Authority (ZATCA), issued Minister of Finance Resolution No....

Tax Authority Approach to Business Fragmentation: Lessons from a Recent Russian Case

July 30, 2024

Traditionally, countries like Russia, Kazakhstan, and others in their vicinity have created highly advantageous conditions for small businesses by setting...

Greece: MoF extends tax return deadlines

July 30, 2024

Greece’s Ministry of Finance has announced an extension for filing personal and corporate income tax returns, moving the deadline to...

Luxembourg adopts draft grand-ducal regulation on tax credits and minimum taxation

July 30, 2024

Luxembourg’s Council of Ministers took a step by adopting a draft Grand-Ducal regulation concerning tax credits and qualified holdings under...

Kazakhstan ratifies free trade and investment agreement with Singapore

July 30, 2024

The President of Kazakhstan Kassym-Jomart Tokayev signed Law No. 125-VIII ZRK ratifying the agreement on free trade in services and...

Mexico, US renew maquiladora tax agreement

July 30, 2024

The Mexican Tax Administration (SAT) announced the second renewal of the Qualified Maquiladora Approach Agreement (QMA) with the US Internal...

Oman postpones mandatory B2B e-invoicing system to 2025

July 30, 2024

Oman’s Tax Authorities  announced the postponement of the mandatory B2B e-invoicing system to an unspecified date in 2025, citing technical...