Posts by Abdur Rouf

Bulgaria greenlights tax treaty negotiations with Australia

June 7, 2024

The Council of Ministers in Bulgaria authorised negotiations with Australia regarding an income tax on 29 May, 2024. The government...

Denmark to implement green tax reforms

June 7, 2024

The Danish Ministry of Taxation has announced the approval of two legislative proposals, L 182 and L 183, on 4...

Taiwan clarifies land expenditure treatment for tax calculation

June 7, 2024

The Ministry of Finance in Taiwan has issued a notice, on 3 June 2024, stating that expenses related to preparing...

Bangladesh FY 2024-25 budget: How feasible is it?

June 7, 2024

Bangladesh Finance Minister, Abul Hassan Mahmood Ali, proposed the BDT 7,97,000 crore (approximately $7.97 billion) national budget for the fiscal...

Bangladesh proposes corporate tax cuts to boost cashless transactions

June 6, 2024

The Bangladesh government has announced plans to reduce corporate income tax by 2.5% points to promote digital financial transactions today,...

Bangladesh to raise cigarette prices with higher taxes in budget for 2024-25 fiscal year

June 6, 2024

Cigarette prices are set to go up following an increase in supplementary duty and value-added tax (VAT) announced in Bangladesh’s...

Bangladesh proposes elevating VAT on SIM cards

June 6, 2024

The proposed budget for the fiscal year of 2024/25 suggests an increase in Value Added Tax (VAT) on SIM/eSIM cards,...

Bangladesh could introduce VAT to light bulbs

June 6, 2024

The government of Bangladesh had previously exempted the country’s local electronics sector from value-added tax (VAT) for several years. However,...

China, Peru advances tax treaty negotiations

June 6, 2024

The Peruvian-Chinese Chamber of Commerce announced that China and Peru have completed the first round of negotiations for an income...

Turkey adjusts tax debt instalments in force majeure extension

June 5, 2024

Turkey’s Revenue Administration has released Presidential Decision No. 8515, adjusting instalment payments for tax debt restructuring under previous laws, which...

Bangladesh reportedly plans customs duty alignment with WTO standards

June 5, 2024

The National Board of Revenue (NBR) in Bangladesh reportedly plans to align customs duties for 20 products with the World...

Colombia grapples with COP 27 trillion budget shortfall

June 5, 2024

Colombia faces a budget shortfall of COP 27 trillion (USD 6.9 billion) this year due to a sharp drop in...

Greece introduces new tax procedures with Law 5104/2024

June 5, 2024

The Greek government has enacted Law 5104/2024 which introduces new codes of tax procedures. The law is effective from 19...

Colombia: DIAN Increases e-invoicing audits due to extensive non-compliance

June 5, 2024

The Colombian tax authority (DIAN) has increased audits and inspections related to electronic invoicing (e-invoicing) due to widespread non-compliance with...

Taiwan calls for improved compliance with CRS standard

June 5, 2024

The Ministry of Finance has issued a critical directive to all Financial Institutions (FIs), emphasising the need for strict adherence...

Singapore updates tax guide for variable capital companies with new GST and deduction rules

June 4, 2024

The Inland Revenue Authority of Singapore (IRAS) published an e-tax guide (Second Edition) detailing the tax framework for variable capital...

Thailand unveils tax breaks to stimulate domestic tourism during off-season

June 4, 2024

In a bid to boost tourism during the traditionally slower months, Thailand’s government has implemented tax incentives to encourage domestic...

Bulgaria signs AEOI agreement with USA

June 4, 2024

The Bulgarian Ministry of Finance announced, on 30 May 2024, the signing of an agreement with the United States for...