Posts by Abdur Rouf

Denmark gazettes law implementing Pillar 2 global minimum tax

December 20, 2023

On 13 December 2023, the Denmark Official Gazette published Law No.1535 enacting EU Council Directive 2022/2523 into domestic law, which aims...

Russia: CBR increases the interest rates to 16%

December 20, 2023

On 15 December 2023, the Russian Central Bank (CBR) announced the decision to increase the key rate from 15% to...

Austria: Nationalrat approves bill to implement Pillar 2 global minimum tax

December 20, 2023

On 14 December 2023, the Austrian lower house of parliament (Nationalrat) approved Bill No. 2322 dB on the execution of...

Bulgaria: National Assembly approves Pillar 2 global minimum tax rules

December 18, 2023

On 12 December 2023, Bulgaria’s National Assembly declared the approval of amendments to key tax laws, namely the Local Taxes...

Russia announces transfer pricing changes from 2024

December 15, 2023

On 27 November 2023, Russia issued Law No. 539-FZ in the Official Gazette, which outlines several amendments to the country’s...

Portugal approves State Budget for 2024

December 12, 2023

On 29 November 2023, the Portuguese parliament approved the State Budget for 2024 (Draft Law 109/XV/2), including some modifications proposed...

Denmark: Parliament passes pillar two global minimum tax law

December 11, 2023

On 7 December 2023, the Danish Parliament passed legislation to implement the Pillar 2 global minimum tax (GloBE) rules. This...

Ecuador releases updated technical sheet for standardizing the analysis of transfer pricing

December 10, 2023

On 22 November 2023, the Ecuadorian Tax Authority released a new edition of the technical sheet for the standardization of...

Ecuador introduces tax reform bill aimed at boosting foreign investment

December 10, 2023

On 28 November 2023, newly elected President of Ecuador, Mr. Daniel Noboa proposed a tax reform bill designed to attract...

Germany: MOF issues draft guidance on anti-tax avoidance measures

December 7, 2023

On 30 November 2023, the German Ministry of Finance (MoF) issued draft guidance on anti-tax avoidance measures targeting non-cooperative jurisdictions....

Singapore: IRAS releases updated guidance on tax residency and certificates of residence

December 7, 2023

On 29 November 2023, the Inland Revenue Authority of Singapore (IRAS) released updated guidance on the tax residency of a...

Germany: Bundesrat refused to approve draft business tax reform bill

November 30, 2023

On 24 November 2023, the upper house of the German parliament (Bundesrat) declined approval of the “Growth Opportunity Act,” a...

Slovenia accepts draft bill implementing Pillar 2 global minimum tax

November 30, 2023

On 22 November 2023, the Slovenian government presented a draft bill to the National Assembly for the implementation of the...

Vietnam: NA passes resolution to implement Pillar 2 global minimum tax

November 30, 2023

On 29 November 2023, the National Assembly (NA) passed a resolution to implement the Pillar 2 global minimum tax rules....

Slovenia proposes temporary additional bank tax and corporate income tax rate increase

November 30, 2023

Slovenia has announced plans to introduce a new 0.2% tax on banks’ balance sheets and raise the corporate income tax...

Pakistan: FBR issues notification imposing 40% windfall tax on banks

November 29, 2023

On 21 November 2023, the Pakistan Federal Board of Revenue (FBR) released Notification SRO 1588(I)/2023, Which notified that imposed a...

Austria: Nationalrat considers bill to implement Pillar 2 global minimum tax

November 28, 2023

On 24 November 2023, the Austrian lower house of parliament (Nationalrat) approved Bill No. 2322 dB for consideration to ensure...

France: Tax authority updates transfer pricing guidelines for SMEs

November 28, 2023

On 22 November 2023, the French tax authority published an updated transfer pricing guide for small and medium-sized enterprises (SMEs)....