Posts by Abdur Rouf

germany parliament
Germany: Bundesrat approves amending protocol to tax treaty with Netherlands

October 24, 2025

The treaty will take effect after the exchange ratification instruments and apply from 1 January next year. The German upper...

Singapore updates guidance on deductible business expenses

October 24, 2025

IRAS updates business expense guidance, detailing new deductible and non-deductible items and clarifying rules for employee transport reimbursements. The Inland...

Zambia: ZRA introduces 10% excise duty on gaming, betting

October 24, 2025

Revenue Authority introduced a 10% excise duty on gaming and betting, effective from September 2025, with payments due by the...

UAE: MoF publishes list of recognised commodity reporting agencies

October 24, 2025

MoF listed 13 approved agencies for trading qualifying commodities. The UAE Ministry of Finance (MoF)  published Ministerial Decision No. 230...

Singapore: IRAS updates GST error correction guidance with new FAQs

October 24, 2025

IRAS updates GST F7 guidance, clarifying when minor errors need not be corrected. The Inland Revenue Authority of Singapore (IRAS)...

Taiwan: Taichung Customs warns public on import compliance, seizes Illegal Christmas plant decorations

October 24, 2025

Taichung Customs in Taiwan seized banned Christmas decorative plants in express shipments and warned the public about import rules. Taichung...

Austria: Parliament approves temporary investment allowance increase

October 24, 2025

Parliament approved a temporary increase in the investment allowance for ecological assets between November 2025 and December 2026. The Austrian...

Lithuania extends tonnage tax regime for shipping companies

October 24, 2025

The amendment specifically revises Article 381, paragraph 5, which governs the eligibility and application of this alternative corporate tax method....

Turkey: Revenue Administration sets 2025 third-period revaluation rate

October 24, 2025

The third provisional tax period of 2025 in accordance with paragraph (B) of Article 298-bis of the Tax Procedure Law...

France: Tax Authority updates shareholder interest deductibility rates for late 2025

October 24, 2025

Tax Authorities revised the interest rates used to calculate the deductibility of shareholder loans for companies with fiscal years ending...

Austria: MOF consults 2025 tax reform, proposes updates to Pillar 2 rules

October 24, 2025

Draft bill introduces income tax inflation adjustments and updates to global minimum tax rules, with consultation open until 3 November...

Egypt drops special register requirement for tax accountants

October 23, 2025

Egypt cancels special register rule for tax accountants to ease procedures. The Egyptian Ministry of Finance cancelled Ministerial Decision No....

India, US near deal to slash import tariffs

October 23, 2025

India and the US near deal to cut tariffs, with energy and agriculture in focus. India and the US are...

Colombia: DIAN closes businesses for electronic invoice non-compliance

October 23, 2025

DIAN closed 47 Bogotá businesses in October for failing to issue electronic invoices and meet tax obligations. Colombia’s Tax Authority...

Lithuania: VMI launches automated excise tax declaration wizard

October 23, 2025

From 1 September, the system transferred data automatically, simplifying declarations and reducing manual input. Lithuania’s State Tax Inspectorate (VMI) has...

Vietnam: MoF introduces procedures and forms for Pillar 2 minimum tax compliance

October 23, 2025

The newly approved administrative procedures and forms go into effect on 21 October 2025. Vietnam’s Ministry of Finance (MoF) issued...

Russia: State Duma approves draft tax code amendments in first reading

October 23, 2025

 State Duma approves draft tax changes to fund defence, national projects, and social benefits. The Russian State Duma approved in...

Israel opens consultation on draft Law for local minimum tax aligned with OECD Pillar Two

October 23, 2025

Ministry of Finance invites public comments on a draft law introducing a local minimum tax for multinationals under the OECD’s...