Posts by Abdur Rouf

Pakistan: FBR issues circular on finance Act changes

July 31, 2023

On 26 July 2023, the Federal Board of Revenue in Pakistan (FBR) issued Circular No. 2 of 2023, providing an...

Vietnam publishes notice regarding entry into force for BEPS MLI

July 30, 2023

On 28 July 2023, Vietnam gazetted the “Notice No. 12/2023/TB-LPQT of 21 June 2023” regarding entry into force for the...

Vietnam plans to implement OECD Global Minimum Tax Rules from 2024

July 30, 2023

On 26 July 2023, the government of Vietnam has declared that it will implement the global minimum tax rules under...

Singapore updates list of jurisdictions under MCAA-CbC

July 27, 2023

On 20 July 2023, the Inland Revenue Authority of Singapore (IRAS) updated the list of jurisdictions participating under the Multilateral...

Germany released new draft guidance on anti-hybrid rules

July 25, 2023

On 14 July 2023, the German Ministry of Finance has released a draft decree outlining the application of the country’s...

Germany: MoF releases a revised draft bill on global minimum tax

July 21, 2023

On 10 July 2023, the German Ministry of Finance (MoF) released a revised draft bill, building on the initial discussion...

South Africa: SARS updates interest rate tables

July 20, 2023

On 11 July 2023, the South African Revenue Service (SARS) has published updated interest rate tables . the interest rates tables are...

Germany: MoF releases draft bill on corporate tax reform

July 20, 2023

On 14 July 2023, the German Ministry of Finance (MoF) has released a draft bill known as the “Growth Opportunities...

Albania: Government approves new law to attract “Digital Nomads”

July 15, 2023

The Albanian Parliament approved Law no. 36/2023, to foster tech and innovation start-ups. The law supports “digital nomads” foreign professionals...

Lithuania updates definition of reverse hybrid entities to comply with ATAD2

July 15, 2023

Lithuania has amended its definition of a “reverse hybrid entity” to comply with the EU Anti-Tax Avoidance Directive (ATAD2). Previously,...

Lithuania: Seimas moves one step closer to tax reform

July 10, 2023

On 27 June 2023, the Lithuanian parliament (Seimas) gave its preliminary confirmation, to a tax reform package proposed by the finance...

France issues decree on temporary solidarity contribution for electricity producers

July 10, 2023

France has issued a decree outlining the guidelines for declaring and remitting the temporary solidarity contribution within the electricity production...

Germany passes law for public Country-by-Country reporting

July 5, 2023

On 21 June 2023, Germany released the Law introducing Public Country-by-Country (CbC) reporting. This legislation is in accordance with Directive...

Lithuania: Tax Authority clarifies calculations of temporary solidarity contribution to credit Institutions

July 5, 2023

On 30 June 2023, the tax Authority of Lithuania issued a supplementary clarification “on the calculation of the temporary solidarity...

Denmark initiates public consultation process for draft bill on implementing pillar two global minimum tax

June 30, 2023

On 23 June 2023, the Danish Ministry of Taxation introduced a draft bill  for public review, with the objective of...

Lithuania: CbC reporting directive converted into domestic law

June 30, 2023

On 15 June 2023, Lithuania has published a law which transposed the EU public CbC reporting directive into domestic law....

India: CBDT issues notification to set arm’s-length variation for 2023-2024

June 30, 2023

On 26 June 2023, the Indian Central Board of Direct Taxes (CBDT) has issued Notification No. 46/2023, setting arm’s-length pricing...

Greece implements timelines and guidelines for exchange of tax information requests

June 30, 2023

On 21 June 2023, Greece has issued a circular outlining a comprehensive framework for the exchange of information, streamlining the...