Posts by Abdur Rouf

Germany approves bill on public CbC reporting directive

May 20, 2023

On 11 May 2023, the lower house of the parliament (Bundestag) approves a bill to implement EU Directive, requiring publicly...

Lithuania implements temporary windfall tax targeting credit institutions

May 18, 2023

The Lithuanian Parliament has introduced a legislation known as the “solidarity contribution” or windfall tax, which targets credit institutions in...

Germany-USA CbC report exchange agreement takes effect

May 18, 2023

On 10 May 2023, Germany has announced the official entry into force of its Country-by-Country (CbC) Report exchange agreement with...

Russia plans windfall tax on large companies to tackle budget deficit

May 14, 2023

Russia’s Ministry of Finance is reportedly finalizing a draft law to impose a windfall tax on large Russian companies, aiming...

Lithuania considers draft order for public CbC Reporting

May 10, 2023

The Lithuanian parliament (Seimas) is currently considering draft Order 23-4588, which aims to introduce public Country-by-Country (CbC) reporting obligations in...

Singapore publishes guidance on corporate income tax filing for 2023

May 10, 2023

The Inland Revenue Authority of Singapore (IRAS) has released comprehensive guidance for the corporate income tax filing season 2023. The...

Russia: Government proposes to extend limitation for carry-forward of losses

April 30, 2023

On 24 April 2023, the Russian Government has submitted a draft bill to parliament proposing an extension of the current...

India: Supreme Court decides high courts responsible for adjudicating transfer pricing cases

April 30, 2023

On 19 April 2023, the Indian Supreme Court published a decision on whether High Courts should hear appeals challenging the...

Vietnam: MoF announces tax payment extensions for 2023

April 21, 2023

On 14 April 2023, Vietnam’s Ministry of Finance (MoF) has issued Decree No. 12/2023/ND-CP, which provides for tax payment deadline...

South Africa issues interpretation note on definition of associated enterprise

April 20, 2023

On 17 April 2023, the South African Revenue Service (SARS) published an interpretation note 128 on the definition of “associated enterprise”. This...

Denmark proposes a temporary solidarity contribution to the fossil sector

April 20, 2023

On 22 March 2023, the government of Denmark has published a proposed bill introducing a solidarity contribution that purposes to...

Russia: Government proposes to change the single tax payment deadline

April 20, 2023

On 4 April 2023, the Russian government has proposed a draft law to move the deadline for the mandatory single...

Singapore introduce a new enterprise innovation scheme

April 16, 2023

The government of Singapore announced a new enterprise innovation scheme in Budget 2023 .The Enterprise Innovation Scheme (EIS) is a...

Singapore: IRAS publishes updated e-tax guide on the Carry-Back relief system

April 15, 2023

On 31 Mar 2023, the Inland Revenue Authority of Singapore has released the eighth edition of the e-Tax Guide on...

Singapore: IRAS updates e-Tax Guide on the general anti-avoidance provision and its application

April 10, 2023

On 31 Mar 2023, the Inland Revenue Authority of Singapore (IRAS) published the second edition of its e-Tax Guide concerning...

Russia: Government plan to create free economic zone in new occupied territories

April 10, 2023

On 20 March 2023, the government of Russia planning to establish of a free economic zone in the new occupied...

Zambia: Ministry of Finance and National Planning extends tax amnesty period on interest and penalties

April 10, 2023

On 31 March 2023, the Minister of Finance and National Planning, Situmbeko Musotokwane, has declared an extension to the tax...

Japan enacts tax reform bill to align with OECD BEPS 2.0 Pillar Two

March 31, 2023

On 28 March 2023, Japan enacted its tax reform bill 2023 shortly after it passed in the Japanese Diet. The...