Posts by Abdur Rouf

Malta implements new tax measures in 2024 budget

May 17, 2024

Malta’s Budget Measures Implementation Act, 2024, is ushering in a series of amendments to various fiscal laws, including the Income...

Richard Maru, Minister for International Trade and Investment, Papua New Guinea, and HE Dr. Thani bin Ahmed Al Zeyoudi, Foreign Trade of UAE. Photo: International Trade and Investment Ministry of Papua New Guinea
Papua New Guinea pursues treaty with UAE

May 17, 2024

In a recent update from Papua New Guinea’s Ministry of International Trade and Investment, it was revealed that delegates from...

Hungary updates tax treaty with Switzerland

May 17, 2024

Hungarian Prime Minister Viktor Orbán approved the signing of a protocol to amend the 2013 income and capital tax treaty...

France: Tax Authority updates interest deduction rates for shareholder loans

May 17, 2024

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

Estonia aligns tax laws with EU directives

May 15, 2024

Estonia, on 2 May, 2024, unveiled a new Act in their official gazette. The Act supplements existing tax legislation, including...

Russia and Abkhazia sign tax treaty

May 15, 2024

Russia and Abkhazia took a significant step towards economic cooperation by signing an income tax treaty, on 7 May, 2024,...

Colombia to tax sales of single-use plastics in home and abroad

May 15, 2024

In a landmark decision, Colombia’s tax authority (DIAN) published Ruling 294 on 25 April 2024, marking a significant turn in...

Colombia clarifies tax obligations for non-resident filers

May 14, 2024

The Colombian tax authority (DIAN) on 30 April, 2024, released Ruling 305, which tackles various inquiries related to the new...

Denmark proposes extensive green tax reforms

May 14, 2024

The Danish parliament proposed draft bills L 182 and L 183, outlining a comprehensive green tax reform package. Key Provisions...

Austria proposes tax breaks for startups and SMEs

May 14, 2024

The Ministry of Finance has released the draft Tax Amendment Act 2024 for public feedback.  This proposed legislation seeks to...

Tax Treaty between Estonia and Pakistan comes into effect

May 13, 2024

The income tax treaty between Estonia and Pakistan officially entered into force on 30 April, 2024, marking a significant milestone...

India: Access to foreign booking systems by domestic entities does not establish a taxable presence

May 13, 2024

The Delhi Bench of India’s Income-tax Appellate Tribunal (ITAT) on 9 February, 2024, delivered a landmark decision asserting that granting...

India: Tribunal rules zero CoA of bonus shares for capital gain

May 13, 2024

The Bangalore bench of the Tribunal recently made a significant ruling regarding the computation of capital gains for taxpayers; the...

Bangladesh: NBR conditionally reduces corporate tax

May 13, 2024

In a strategic move aimed at fostering economic growth while maintaining fiscal prudence, the National Board of Revenue (NBR) has...

Taiwan announces tax relief for Hualien businesses affected by earthquake

May 13, 2024

The National Taxation Bureau of the Northern Area has announced proactive measures to support businesses affected by the 3 April,...

Slovenia & Armenia update tax treaty to combat profit shifting

May 13, 2024

Slovenia’s Ministry of Finance has released an updated tax treaty with Armenia, incorporating provisions from the Multilateral Convention (MLI) to...

Russia: MoF clarifies tax exemption for CFC amid treaty suspensions

May 13, 2024

The Guidance Letter No. 03-12-11/2/11449, published by the Russian Ministry of Finance (MoF) on 12 February, 2024, addresses the tax...

Singapore: 31 May deadline for FATCA & CRS reporting

May 10, 2024

Singapore’s Inland Revenue Authority (IRAS) issued on 6 May, 2024, a reminder to all reporting financial institutions that they must...