Posts by Abdur Rouf

Slovenia enacts adjustments to permanent establishment and interest limitation regulations

February 19, 2024

On 9 February 2024, Slovenia officially released the Act amending the Corporate Income Tax Act (ZDDPO-2T) in the Official Gazette....

India releases income tax return forms for assessment year 2024-25

February 15, 2024

India’s Central Board of Direct Taxes (CBDT) has introduced new income tax return (ITR) forms, ITR-1 to ITR-6, for diverse...

Botswana: Finance Minister presents tax reforms and digitalization measures in budget speech 2024

February 10, 2024

On 5 February 2024, Mr. Peggy O. Serame, Botswana’s Minister of Finance and Economic Development presented the 2024 Budget Speech...

Bulgaria: Official Gazette publishes law on public CbC reporting

February 10, 2024

Bulgaria’s Official Gazette published the Law on Amendments and Supplements to the Accountancy Act on 19 December 2023, implementing public...

Japan submits tax reform bill 2024 to parliament

February 10, 2024

On 2 February 2024, the Japanese Cabinet submitted the tax reform bill 2024 to parliament. The bill covers various tax...

Singapore gazettes order announcing MCAA-CbC as international tax agreement with Kenya and Montserrat

February 8, 2024

On 1 February 2024, the Singaporean Official Gazette issued Order No. S 69, officially recognizing the Multilateral Competent Authority Agreement...

Greece: AADE extends deadline DAC7 reporting

February 8, 2024

On 26 January 2024, the Greek Public Revenue Authority (AADE) released Circular No. A.1016, outlining the processes for digital platform...

Denmark implements defensive tax measures targeting EU’s non-cooperative jurisdictions

February 7, 2024

On 31 January 2024, the Danish Official Gazette published Law No. 107/2024, implementing defensive tax measures targeting non-cooperative tax jurisdictions...

Russia: MoF issues guidance on expanded tax regimes for transfer pricing

February 7, 2024

The Russian Ministry of Finance (MoF) issued Guidance Letter No. 03-12-11/1/126454 on 27 December 2023, providing clarification on the application...

Singapore: IRAS updates list of jurisdictions under AEOI-CRS

February 6, 2024

On 1 February 2024, the Inland Revenue Authority of Singapore (IRAS) revised lists of the jurisdictions involved in reportable and...

India: Finance Minister presents interim union budget for 2024-2025

February 3, 2024

On 1 February 2024, Ms. Nirmala Sitharaman, the Finance Minister of India, presented the interim union Budget for 2024-25 to...

India: CBDT issues circular explaining tax provisions under Finance Act 2023

January 31, 2024

On 23 January 2024, the Central Board of Direct Taxes (CBDT) of India released Circular No. 1/2024 explaining the tax...

Germany: Tax authority extends time limit for DAC7 reporting

January 30, 2024

On 5 January 2024, the German Federal Tax Office declared temporary regulations regarding the reporting requirements outlined in DAC7 for...

Ecuador: SRI imposes monthly self-withholding for large taxpayers

January 30, 2024

On 12 January 2024, Ecuador’s Internal Revenue Service (SRI) released Resolution No. NAC-DGERCGC24-00000003. This resolution outlines the withholding tax rates...

Slovenia implements temporary tax increases, new measures for financial recovery

January 27, 2024

As previously reported, Slovenia introduced a new Act on reconstruction, development, and provision of financial resources (referred to as “...

Singapore: IRAS updates list of jurisdictions participating under MCAA-CbC

January 26, 2024

On 19 January 2024, the Inland Revenue Authority of Singapore (IRAS) updated the list of jurisdictions participating under the Multilateral Competent Authority...

India: CBDT issues notification for non-resident investors in financial products by IFSC capital market intermediaries

January 25, 2024

On 4 January 2024, India’s Central Board of Direct Taxes (CBDT) issued Notification No. 4/2024 as per the provisions of Section...

Dominican Republic: DGII enables e-portal for CbC reports submission

January 21, 2024

On 12 January 2024, the Directorate General of Internal Revenue (DGII) in the Dominican Republic released Notice 01-2024, notifying the...