Posts by Abdur Rouf

South Africa: SARS publishes updated interest rate tables for outstanding, overpayments of tax

September 30, 2025

SARS released updated tax interest rate tables effective from September and November, 2025.  The South African Revenue Service (SARS) has...

India, Uzbekistan IPA enters into force

September 29, 2025

The agreement encourages investment, ensures protection and transparency, provides mechanisms for resolving disputes, and supports a strong investment climate to...

Austria: Council of Ministers authorise signing of tax treaty with Oman

September 29, 2025

Austrian Council of Ministers authorised the signing of an income and capital tax treaty with Oman The Austrian Council of...

Pakistan, Lithuania sign income tax treaty

September 29, 2025

The agreement aims to prevent double taxation on income and capital between the two countries while addressing tax avoidance and...

Kuwait proposes establishing tax treaty with Panama

September 29, 2025

The discussions focused on strengthening bilateral relations and enhancing cooperation in areas of mutual interest, including investment opportunities. Panama’s Ministry...

Bhutan proposes establishing FTA with Bangladesh

September 29, 2025

Bhutan and Bangladesh held talks on the sidelines of the 80th UN General Assembly. Bhutanese Prime Minister Tshering Tobgay and...

Russia extends export duties on sunflower seeds, products until 2028

September 29, 2025

The export customs duty on sunflower seeds will remain at 50%, but not less than RUB 32,000 per tonne. For...

Taiwan: National Taxation Bureau urges biotech, pharma firms to note deadline for shareholder investment tax credit

September 29, 2025

Under the Act for the Development of Biotech and Pharmaceutical Industry, profit-seeking enterprises that invest in qualifying companies may claim...

Singapore: IRAS issues advance ruling on tax treatment of business transfer transactions

September 29, 2025

Singapore’s tax authority has clarified the income tax treatment of business transfer transactions in Advance Ruling Summary No. 19/2025, confirming...

Taiwan: Taxation Administration announces statutory payment period for commercial vehicle license tax for second half of 2025

September 29, 2025

The Taxation Administration stated that the tax payment notice will be sent to taxpayers by mail by the tax collection...

pakistan parliament
Pakistan: FBR removes estimated market value column from 2025 income tax return form, urges taxpayers to file by 30 September deadline

September 29, 2025

FBR removed the “estimated market value” column from the 2025 tax return form The Federal Board of Revenue (FBR) has...

Taiwan: MOF issues guidance on R&D investment tax credits eligibility

September 29, 2025

Companies are encouraged to actively engage in R&D, and the principle should be the establishment of in-house R&D capacity. However,...

Hong Kong
Hong Kong: IRD updates guidance on global minimum and top-up taxes

September 26, 2025

IRD updated rules on global minimum and top-up taxes, introducing the Pillar 2 Portal and new group registration requirements. Hong...

Singapore: IRAS clarifies tax treatment of revaluation gains in company liquidation

September 26, 2025

IRAS rules revaluation gains on overseas shares in liquidation are not taxable. The Inland Revenue Authority of Singapore (IRAS) has...

EU to impose 25–50% tariffs on Chinese steel

September 26, 2025

The move aims to protect Europe’s steel industry, which faces pressure from global overcapacity and limits on existing safeguards set...

France: Tax Authorities flag common errors in Pillar 2 reporting

September 26, 2025

Tax authority warned of frequent errors in 2065-INT-SD filings, urging corrections to avoid penalties. The French tax administration has reported...

Cameroon, Czech Republic tax treaty enters into force

September 26, 2025

Signed on 7 February 2023, the agreement aims to eliminate double taxation on income and prevent tax evasion and avoidance. ...

Czech Republic updates guidelines for waiving tax penalties, interest, fines

September 26, 2025

Starting 1 July 2025, taxpayers can receive a full 100% penalty waiver, contingent on their cooperation and compliance, replacing the...