Posts by Abdur Rouf

Russia introduces tax reform draft laws

July 5, 2024

Russia’s Ministry of Finance presented a set of draft laws to the Russian Government intended to enhance the tax system...

Austria issues decree responding to Belarus suspension of tax treaty provisions

July 4, 2024

Austria’s Federal Ministry of Finance issued Decree No. 2024-0.459.298 in response to Belarus’ decision to suspend certain articles of the...

Lebanon extends deadline for 2023 tax filings

July 4, 2024

Lebanon’s Ministry of Finance has extended the deadline for filing various annual tax forms and making tax payments for the...

Vietnam extends 2% VAT reduction on specific goods and services until end of 2024

July 4, 2024

The Vietnamese government issued Decree No. 72/2024/ND-CP on 30 June 2024, which mandates an additional reduction in the VAT rate...

Iceland amends VAT Act for cross-border services

July 4, 2024

Iceland’s parliament has amended the Value Added Tax (VAT) Act 50/1988 to align the sale of services to non-resident businesses...

Malta introduces online filing for Year of Assessment 2024 Corporate Income Tax Return

July 4, 2024

The Commissioner for Tax and Customs notified that the year of assessment 2024 electronic corporate income tax return is now...

Taiwan: Profit-seeking enterprises which have yet to file their annual income tax returns should declare supplementary as soon as possible

July 4, 2024

The Taichung Branch, National Taxation Bureau of the Central Area, Ministry of Finance indicates that profit-seeking enterprises who have yet...

Germany issues new guidance on advance ruling procedures

July 4, 2024

The Ministry of Finance has issued new guidance on section 89a of the General Tax Code (GTC), which has been...

Saudi Arabia extends cancellation of fines and exemption of financial penalties initiative

July 3, 2024

​The Saudi Zakat, Tax and Customs Authority (ZATCA) announced the extension of the Cancellation of Fines and Exemption of Financial...

Saudi Arabia extends cancellation of fines and exemption of financial penalties initiative

July 3, 2024

​The Saudi Zakat, Tax and Customs Authority (ZATCA) announced the extension of the Cancellation of Fines and Exemption of Financial...

India increases windfall tax on petroleum

July 2, 2024

India’s government has announced an increase in the windfall tax on petroleum, raising it to INR 6,000 per metric ton...

France approves pending tax treaty protocol with Switzerland

July 2, 2024

The French Council of Ministers approved the pending protocol with Switzerland, amending the 1966 income and capital tax treaty, on...

Lithuania approves termination of tax treaty with Russia

July 2, 2024

The Lithuanian government approved a resolution to terminate the 1999 tax treaty with Russia on 26 June 2024. A law...

Singapore issues new guidance for corporate income tax filing season 2024

July 2, 2024

The Inland Revenue Authority of Singapore (IRAS) has issued new guidance for the Corporate Income Tax Filing Season 2024 detailing...

Germany: Federal cabinet approves annual tax Act 2024 with extensive tax law amendments

July 2, 2024

The Federal Cabinet approved the Annual Tax Act 2024 (JStG 2024) on 5 June 2024. Similar to the 17 May...

Estonia: Government announces tax hikes and economic reforms

July 2, 2024

Estonia’s newly established government has announced a comprehensive strategy to combat inflation, featuring a series of tax increases across multiple...

Botswana: BURS extends PAYE and OWHT return deadline

July 2, 2024

The Botswana Unified Revenue Service (BURS) has announced an extension for the filing of annual “pay as you earn” (PAYE)...

Jersey, Portugal in talks for income tax treaty

July 1, 2024

During a States Assembly meeting on 25 June 2024, Ian Gorst, Jersey’s Minister of External Relations, affirmed Jersey’s intention to...