Posts by Abdur Rouf

Bangladesh: NRB reportedly raising source tax on educational institutions, cell phone companies

June 4, 2024

Bangladesh’s National Board of Revenue (NRB) is reportedly planning to increase the source tax on the interest income of educational...

Bangladesh: Government to withdraw VAT exemptions for local electronics and other goods in 2024 budget

June 4, 2024

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

Turkey ratifies treaty with Korea (Rep.)

June 4, 2024

Turkish President Recep Tayyip Erdoğan signed the decision to ratify a new income tax treaty with South Korea on 31...

Estonia approves income tax treaty with Qatar

June 3, 2024

Estonia approved the income tax treaty with Qatar on Thursday, 30 May, 2024. The treaty will enhance the tax cooperation...

New Zealand announces 2024 budget, major adjustments made to individual tax brackets

June 3, 2024

New Zealand’s 2024 budget was made public on Sunday, 30 May, 2024. It does not contain any major tax measures ...

India cuts windfall tax on petroleum

June 3, 2024

The government of India reduced the windfall tax on petroleum on Friday, 31 May, 2024. The tax has been cut...

Russia clarifies conditions for 0% tax rate for IT companies

June 3, 2024

The Russian Ministry of Finance recently issued Guidance Letter No. 03-03-06/1/28535 on 29 March 2024, which sheds light on the...

Japan updates CRS FAQs

June 3, 2024

Japan’s National Tax Agency updated its FAQs on the common reporting standard (CRS) for automatic exchange of financial account information...

Vietnam implements tougher measures to tackle tax evasion

June 3, 2024

Hồ Đức Phớc, Minister of Finance, Vietnam has issued a directive regarding the retrieval of unpaid tax obligations, According to...

Singapore: IRAS introduces new exchange rate tool for taxpayers

June 3, 2024

The Inland Revenue Authority of Singapore (IRAS) has launched a new exchange rate search function tool in XLSX format to...

Germany seeks feedback on draft global minimum tax return

June 3, 2024

The German Ministry of Finance published a consultation on draft global minimum tax return on 28 May, 2024. Companies impacted...

Oman, Ireland sign tax treaty

May 31, 2024

Officials from Ireland and Oman signed an income tax treaty on 30 May, 2024, marking the first agreement of its...

France ends tax treaties with Burkina Faso, Mali, Niger

May 31, 2024

The French National Assembly recently confirmed that tax treaties with Burkina Faso, Mali, and Niger have ceased to apply. The...

Saudi Arabia mandates E-Invoicing for high-revenue taxpayers by December 2024

May 31, 2024

The Zakat, Tax and Customs Authority (ZATCA) Saudi Arabia announced on 24 May, 2024,  the criteria for the 12th group...

Japan clarifies global minimum tax rules with new guidance

May 31, 2024

Japan’s National Tax Agency has released an explanation of its administrative guidance related to the Income Inclusion Rule (J-IIR), part...

Turkey is in the final stages of adopting the Pillar Two global minimum tax

May 31, 2024

Turkey is in the final stages of adopting the Pillar Two global minimum tax, according to a report published in...

New Zealand implements tax relief for individuals with lower and middle incomes

May 30, 2024

The New Zealand government presented its budget today, 30 May, 2024, which outlined economic assistance for the middle-income citizens who...

Bangladesh reportedly plans 67% hike in bank excise duty

May 30, 2024

The Bangladesh government reportedly plans to increase excise duty on high-value bank deposits in the fiscal year 2024-25. Low- and...