Posts by Abdur Rouf

EU drafts VAT reform for the digital era

May 10, 2024

The European Commission unveiled on Wednesday, 8 May, 2024, an updated draft of the Value Added Tax (VAT) in the...

Denmark proposes tax reform to align with global standards

May 10, 2024

Denmark’s parliament is considering a draft law L 186 in order to strengthen the country’s minimum tax regime and align...

Saudi Arabia: ZATCA introduces changes to real estate transaction tax regulations

May 9, 2024

The Zakat, Tax, and Customs Authority (ZATCA), on 3 May, 2024, unveiled significant amendments to the real estate transaction tax...

Sweden considers new permanent residency rules for taxation

May 9, 2024

Sweden’s Ministry of Finance announced, on 3 May, 2024, a significant update regarding permanent residency criteria for tax purposes. Following...

Turkey extends and adjusts reduced withholding tax rates until July 2024

May 9, 2024

Turkey’s Revenue Administration has introduced Presidential Decision No. 8434, which brings significant adjustments to the withholding tax rates applied to...

Taiwan introduces instalment option for settling significant supplementary taxes

May 9, 2024

On 7 May 2024, the Ministry of Finance in Taiwan released a notification regarding instalment alternatives for settling significant supplementary...

Bangladesh and Thailand set sight on FTA in 2024

May 8, 2024

Bangladesh and Thailand have set their sights on a Free Trade Agreement (FTA) by the end of 2024, according to...

Taiwan: Ministry of Finance relaxes taxation for CFC

May 8, 2024

The Ministry of Finance in Taiwan has released a notification regarding eased taxation regulations concerning profits from Controlled Foreign Corporations...

European Commission initiates public consultation to evaluate Directive on Administrative Cooperation

May 8, 2024

The European Commission has initiated a public consultation concerning Directive 2011/16/EU, commonly referred to as the Directive on Administrative Cooperation...

Pakistan disables half a million SIMs to push for tax compliance

May 7, 2024

The Federal Board of Revenue (FBR) in Pakistan, announced on 30 April, 2024, that they will be disabling the mobile...

UK: HMRC extends tax relief for freeports and investment zones

May 7, 2024

Her Majesty’s Revenue and Customs (HMRC) released a policy note on 30 April, 2024, regarding the extension of tax relief...

South Africa: SARS clarifies tax exemptions for national ships

May 7, 2024

The South African Revenue Service (SARS) issued Interpretation of Note 131 on  29 April, 2024, which addresses the exemption of...

Turkey and Zambia initiate talks on income tax treaty for mutual investment stability

May 7, 2024

The Revenue Administration of Turkey has stated that delegates from Turkey and Zambia convened for the inaugural round of negotiations...

India CBDT extends Form 10A/10AB filing deadline to 30 June 2024

May 3, 2024

India’s Central Board of Direct Taxes (CBDT) has released Circular No. 07/202 on Saturday, 25 April 2024, which extends the...

Russia: Parliament considers overhauling simplified taxation system for businesses

April 30, 2024

The Russian parliament is currently considering a draft bill that aims to modify the thresholds governing the application of the...

Russia: Central bank maintains key interest rate at 16%

April 24, 2024

On 22 March 2024, the Russian Central Bank declared its decision to maintain the key interest rate at 16%. The...

Germany gazettes order declaring MCAA-CbC

April 23, 2024

On 27 March 2024, the German Official Gazette published a regulation that revises the list of jurisdictions involved in the...

Lithuania proposes law to enhance tax benefits for investors in foreign companies

April 23, 2024

The Lithuanian parliament is reviewing Draft Law No. XIVP-2226(2), which aims to broaden the definition of eligible shares for capital...