Posts by Abdur Rouf

Portugal extends CIT return and payment deadline for 2023

March 29, 2024

On 14 March 2024, the Secretary of State for Fiscal Affairs in Portugal issued Order No. 176/2024-XXIII, this extends the...

Singapore: IRAS publishes updated e-tax guide on tax treatment of pharmaceutical R&D and IP expenditure

March 28, 2024

On 20 March 2024, the Singaporean Inland Revenue Authority (IRAS) released a revised e-Tax Guide titled “Tax Treatment of Research...

Sweden: MoF proposes updates to pillar 2 global minimum tax rules

March 27, 2024

On 19 March 2024, the Swedish Ministry of Finance (MoF) released proposed amendments to the Act on Additional Tax, aimed...

Lithuania: Government submits draft law Implementing Pillar 2 global minimum tax

March 24, 2024

Lithuania’s parliament is reviewing a Draft Law No. XIVP-3533 to partially implement a global minimum tax. This aligns with their...

Lithuania sign MCAA to exchange information with respect to income earned on digital platforms

March 23, 2024

On 4 March 2024, Lithuania signed the multilateral competent authority agreement (MCAA) on the automatic exchange of information on income...

South Africa offers tax relief for new solar panels up to 25% back

March 23, 2024

On 8 March 2024, the South African Revenue Service (SARS) released guide for claiming this benefit under the new Section...

Russia proposes progressive individual income tax system

March 21, 2024

Russia’s parliament is considering a major change to its income tax system, proposing a progressive structure with higher rates for...

Germany introduces stricter reporting requirements for listed companies under new tax relief Act

March 21, 2024

The Federal Central Tax Office (BZSt) has released a communication manual outlining the requirements of the German Withholding Tax Relief...

Germany: Federal central tax office issues updated CRS manual

March 20, 2024

On 5 March 2024, the German Federal Central Tax Office (BZSt) published Newsletter No. 01/2024, addressing updates on the common...

South Africa: SARS releases tax court judgment clarifying arm’s length principle regarding royalty payments

March 20, 2024

On 6 March 2024, the South African Revenue Service (SARS) published online the tax court Judgment concerning Case No. IT...

India: CBDT issues a notification on withholding tax exemption on certain payments for specified payments to IFSC

March 20, 2024

On 7 March 2024, the Central Board of Direct Taxes (CBDT) of India released Notification No. 28/2024, delineating regulations for...

Greece: Government presents draft law implementing Pillar 2 global minimum tax

March 19, 2024

On 7 March 2024, the Greek government presented a draft law to Parliament after a public consultation period. This law...

Germany: MOF issues updated draft guidance on virtual currency transactions

March 15, 2024

On 6 March 2024, the German Ministry of Finance (MOF) released revised draft guidance concerning the compliance and documentation criteria...

Germany: Tax authority publishes list of jurisdictions for automatic exchange of financial account information

March 14, 2024

On 1 March 2023, the German Federal Central Tax Office released the preliminary list of jurisdictions participating in the exchange...

Ecuador updates withholding tax rate for various entities

March 5, 2024

On 29 February 2024, the Ecuadorian Official Gazette released Resolution No. NAC-DGERCGC24-00000008, which sets forth withholding percentages for taxpayers to...

India: CBDT passes finance act 2024 with limited tax provisions

March 1, 2024

The Central Board of Direct Taxes (CBDT) in India has released the Finance Act 2024, passed on 15 February 2024,...

Ecuador: SRI updates list of tax haven jurisdiction

February 29, 2024

On 20 February 2024, the Ecuador Internal Revenue Service (SRI) amended Resolution No. NAC-DGERCGC15-00000052 through Resolution No. NAC-DGERCGC24-00000007. As per...

Japan: Platform operators are required to remit consumption tax for foreign e-service providers

February 29, 2024

On 2 February 2024, Japan’s Cabinet presented tax reform bills for the year 2024 to the National Diet. Among the...