Posts by Abdur Rouf

South Africa: SARS updates guidance on tax rates, duties and levies

September 10, 2023

On 24 August 2023, the South African Revenue Service (SARS) issued a latest guide for tax rates, duties and levies (Issue...

Germany: Government releases revised draft bill on corporate tax reform

September 10, 2023

On 30 August 2023, the German government released a revised version of the Growth Opportunities Act, originally proposed by the...

Dominican Republic signs MCAA for the exchange of CbCR

September 10, 2023

On 5 September 2023, the OECD updated its list of signatories to the Multilateral Competent Authority Agreement (MCAA) on the...

Russia extends deadline for carrying forward tax Losses, makes other changes to corporate tax code

August 30, 2023

The Russian government has extended the deadline for carrying forward tax losses until 31 December 2026. The previous deadline was...

India: CBDT extends transfer pricing Safe Harbor Rules

August 28, 2023

On 9 August 2023, the Central Board of Direct Taxes (CBDT) issued a Notification No. 58/2023, to extend the applicability...

Russia amends regulations on taxation of controlled foreign companies

August 28, 2023

On 31 August 2023, the government of Russia announced new tax rules that will exempt profits of foreign collective investment...

Portugal implements CbC reporting requirements

August 27, 2023

On 23 August 2023, the Portuguese government published Decree-Law No. 73/2023 in the Official Gazette, which establishes the requirements for...

Greece: AADE announces decision remain unchanged interest rates for late and undue tax payment

August 26, 2023

On 9 August 2023, the Greek Public Revenue Authority (AADE) issued Decision A.1121 of 3 August 2023. Greece has opted...

Germany: Government approves draft law to implement EU Pillar 2 directive

August 25, 2023

On 16 August 2023, the German government approved a proposed bill concerning the adoption of Council Directive (EU) 2022/2523, which...

Russia plans to implement windfall tax in 2024

August 20, 2023

On 7 August 2023, the President of the Russian Federation signed a law No. 414-FZ establishing a new federal tax...

Russia: CBR announce decision to increase the key interest rate

August 20, 2023

On 15 August 2023, the Central Bank of Russia (CBR) declared a significant increase in the key interest rate, raising...

France updates list of exempted countries for CbC report local filing requirements

August 18, 2023

On 13 August 2023, Government published the Decree which amends the Order 6 July 2017 pursuant to II of Article...

Albania: Council of Minister accepts draft bill on tax measures in science-technology parks

August 15, 2023

The Albanian Council of Ministers approved a set of Decisions, including DCM no. 337 from 31 May 2023, and DCM...

Bulgaria officially approves budget Act 2023

August 15, 2023

Bulgaria has passed the amendments to the draft Budget Act 2023, which aim to protect wages and social security benefits....

South Africa publishes a draft legislation to implement APA program

August 10, 2023

On 31 July 2023, the National Treasury of South Africa proposes a draft legislation to implement advance pricing agreement (APA) program....

Germany: BMF publishes draft guidance on CFC legislation

August 10, 2023

On 20 July 2023, the Federal Ministry of Finance (BMF) issued draft guidance concerning the implementation of the Foreign Transactions...

South Africa invites public comments on draft tax bills and regulations

August 7, 2023

On 31 July 2023, the National Treasury and the South African Revenue Service (SARS) released the 2023 Draft Tax Bills...

Austria: Government plans to increase windfall tax on oil and gas companies

July 31, 2023

On 30 August 2023, the Austrian government announced a plan to tighten the windfall tax on oil and gas companies,...