Posts by Abdur Rouf

Taiwan clarifies business tax on cross-border e-commerce purchases for personal use

July 30, 2024

Taiwan’s Ministry of Finance has released a notice explaining the levy of business tax on goods purchased for personal use...

UAE: FTA issues tax bulletin for free zone persons

July 30, 2024

The UAE Federal Tax Authority (FTA) has published a Basic Tax Information Bulletin, regarding the regulations for Free Zone Persons...

India delays Pillar One endorsement until specific concerns are resolved

July 29, 2024

India’s Ministry of Finance has declared it will not endorse Pillar One of the OECD’s two-pillar tax solution until specific...

Singapore updates CRS FAQs with guidance for investment entity trusts

July 29, 2024

The Inland Revenue Authority of Singapore (IRAS) has released updated FAQs regarding the Common Reporting Standard (CRS) on 25 July...

Iran, Saudi Arabia finalise income tax treaty negotiations

July 29, 2024

Iran and Saudi Arabia have successfully concluded their fourth round of negotiations for an income tax treaty, which took place...

Saudi Arabia, Kuwait to sign first income tax treaty

July 29, 2024

The Saudi Council of Ministers authorised the signing of an income tax treaty with Kuwait on 23 July 2024. This...

UAE: FTA issues tax bulletin for natural persons

July 26, 2024

The UAE Federal Tax Authority has published a Basic Tax Information Bulletin, in which it provided clarifications about the scenarios...

Venezuela implements 0% tax on select large financial transactions

July 26, 2024

Venezuela published Decree 4972 in the Official Gazette on 12 July, 2024, which  reduces the tax rate to 0% from ...

India to expand transfer pricing safe harbour rules

July 26, 2024

India’s finance minister, Nirmala Sitharaman, said India plans to broaden its safe harbour regulations for transfer pricing. The minister said...

Austria enacts Tax Amendment Act 2024

July 26, 2024

Austria has enacted the Tax Amendment Act 2024, the law was published as Law No. 113 in the Austrian Official...

G20: Future of Pillar One hangs in the balance at Rio de Janeiro

July 26, 2024

Negotiations regarding the future of OECD Pillar One Amount A are taking place at this week’s G20 finance leaders meeting...

India: Finance Bill 2024 proposes corporate tax reform, new personal income tax regime

July 26, 2024

India’s Finance Minister Nirmala Sitharaman presented the Finance (No. 2) Bill, 2024 (the Bill) to Parliament on 23 July, 2024....

Greece imposes 33% solidarity contribution on energy and mining sectors

July 25, 2024

Greece has introduced a new temporary solidarity contribution targeting companies in the energy and mining sectors, set at a rate...

Turkey unveils tax reform bill with major changes to pensions, fees, corporate tax

July 25, 2024

Turkey’s AKP Group Presidency presented “Draft Law on Amendments to Tax Laws and Certain Laws” to the Parliament on 16...

Korea (Rep.), Turkey income tax treaty enters into force

July 25, 2024

The new income tax treaty between Korea (Rep.) and Turkey entered into force on 21 July 2024, replacing the 1983...

Kuwait publishes decree on tax information exchange

July 25, 2024

The Kuwaiti government implemented Decree-Law No. 6 of 2024 to enhance tax transparency and compliance with international tax agreements on...

Luxembourg proposes corporate tax cuts, incentives to boost economy

July 25, 2024

Luxembourg’s Finance Minister Gilles Roth presented a Bill n° 8414 to the parliament on 17 July 2024, aiming to reduce...

Belgium updates transfer pricing documentation forms, filing requirements

July 25, 2024

Belgium has published three new Royal Decrees of 16 June 2024 on 15 July, 2024, announcing revisions to the Local...