Posts by Abdur Rouf

Russia: FTS updates list of jurisdictions that do not exchange proper information for CFC purpose

January 20, 2024

On 10 January 2024, the Russian Federal Tax Service (FTS) published updated list of jurisdictions that do not exchange tax...

Greece reveals draft law on Pillar 2 global minimum tax for multinationals

January 19, 2024

On 9 January 2024, Greece’s Ministry of Economy and Finance declared the presentation of a draft law to the cabinet...

Singapore: IRAS publishes update e-tax guide on common reporting standard

January 17, 2024

On 12 January 2024, the Inland Revenue Authority of Singapore (IRAS) published an updated e-Tax Guide on common reporting standard....

Zambia enacts tax amendments outlined in the budget 2024

January 15, 2024

On 22 December 2023, Zambia took a significant step in reshaping its fiscal landscape by enacting various amendment acts to...

South Africa releases 2023 tax Acts with significant amendments

January 15, 2024

On 22 December 2023, the South African Revenue Service officially published the 2023 tax acts, marking a substantial reform in...

Albanian official Gazette publishes revised AEOI jurisdictions list

January 11, 2024

On 5 January 2024, Albania’s Official Gazette announced Decision No. 817, a major update to its automatic exchange of financial...

India: CBDT issues guidelines for withholding tax on e-commerce transactions

January 10, 2024

On 28 December 2023, the Central Board of Direct Taxes (CBDT) issued guidelines clarifying the deduction of withholding tax in...

Ecuador: SRI announce updated personal income tax brackets and rates for 2024

January 10, 2024

On 26 December 2023, Ecuador’s Internal Revenue Service (SRI) announced updated personal income tax brackets and rates for 2024, with...

France enacts 2024 finance law with global minimum tax rules

January 10, 2024

On 30 December 2023, France released its Finance Law for 2024 (Law no. 2023-1322) in the Official Gazette, along with...

Vietnam proposes investment support fund to counter global minimum tax impact on foreign firms

January 10, 2024

Vietnam’s Ministry of Planning and Investment has responded to the OECD’s Global Minimum Tax initiative by proposing a draft decree...

Greece: AADE issues preferential tax regime jurisdictions list for tax year 2022

January 7, 2024

On 27 December 2023, the Greek tax authority (AADE) released Circular No. A.1205, outlining which jurisdictions qualify as preferential tax...

Denmark: Government propose amendments to the list of jurisdictions subject to defensive tax measures

January 5, 2024

On 19 December 2023, the Danish government introduced draft bill L 92 with the goal of synchronizing the roster of...

India: CBDT updates safe harbor rules for intragroup financing

January 5, 2024

On 19 December 2023, the Central Board of Direct Taxes (CBDT) in India announced significant changes to the safe harbor...

Slovenia gazettes law applying Pillar 2 global minimum tax rules

January 5, 2024

On 21 December 2023, Slovenia released the Minimum Tax Act  No.131 of 22 December 2023 through the Official Gazette, outlining...

Lithuania updates its blacklist in various tax aspects

January 1, 2024

On 30 November 2023, Lithuania issued an order revising its list of selected territories (blacklist), incorporating Russia as a new...

Germany gazettes law applying Pillar 2 global minimum tax rules

December 30, 2023

On 27 December 2023, the German Official Gazette released a law enacting EU Council Directive 2022/2523, which aims to establish...

Germany updates tax haven defense ordinance: Adds and removes jurisdictions in response to EU decision

December 25, 2023

On 20 December 2023, Germany issued the Ordinance, amending the Tax Haven Defense Ordinance, as published in the Official Gazette....

Germany: Bundesrat approves secondary credit market promotion Act

December 25, 2023

On 14 December 2023, upper house of parliament (Bundesrat) granted approval to the Secondary Credit Market Promotion Act. The Act...