Posts by Abdur Rouf

Greece publishes 2023 preferential tax jurisdictions

September 11, 2025

Under Greek law, preferential tax regimes are those with a corporate tax rate equal to or less than 60% of...

Turkey restricts simple method in business taxation

September 11, 2025

Certain businesses in metropolitan areas must use the real tax method from 2026. The Turkish government issued Presidential Decision No....

OECD updates BEPS Action 5 transparency framework on tax rulings

September 11, 2025

OECD updated BEPS Action 5 rules with new peer review terms and XML Schema for 2027. The OECD released a...

mexico
Mexico: Government proposes raising tariffs on Asian automobiles, steel, textiles

September 11, 2025

Mexico plans tariff hikes on cars, steel, toys and textiles from China and other Asian countries. Mexico plans to raise...

Estonia updates motor vehicle tax, registration rules

September 11, 2025

Estonia launches a new motor vehicle tax from 1 January 2025, covering various vehicles with rates based on age, weight,...

South Africa: National Treasury withdraws amendment on hybrid equity instruments

September 11, 2025

National Treasury has retracted its proposal to amend the definition of “hybrid equity instrument” in section 8E of the Income...

Portugal updates blacklist of favourable tax jurisdictions

September 10, 2025

Portugal delists Hong Kong, Liechtenstein, and Uruguay from its tax blacklist. Portugal has issued Ordinance No. 292/2025/1 on 5 September...

Taiwan: MoF revises annual sales threshold for offshore e-service tax registration

September 10, 2025

Taiwan’s Ministry of Finance has set a new TWD 600,000 annual sales threshold for offshore electronic service providers to register...

Russia proposes reduced VAT on essential goods

September 10, 2025

Russia proposes VAT cut on essential food items, children’s products, periodicals, and medical items. The Russian State Duma received draft...

Russia: Central Bank maintains foreign cash restrictions amid sanctions

September 10, 2025

Russia’s central bank maintains foreign cash limits under sanctions. The Bank of Russia maintains restrictions on cash currency in connection...

Switzerland: National Council approves CARF MCAA, Addendum to CRS MCAA

September 10, 2025

National Council approves CARF MCAA and CRS MCAA Addendum for enhanced tax information exchange. Switzerland’s National Council (Nationalrat) approved the...

Iran, Oman sign IPA

September 9, 2025

The IPA agreement aims to lower investment risks between the two countries. Iran and Oman signed an Investment Protection Agreement...

Greece: Parliament passes law to extend UAE tax agreement

September 9, 2025

The agreement will take effect upon the exchange of ratification documents. The Greek Parliament passed legislation ratifying an exchange of...

UAE: MoF issues new rules on qualifying and excluded activities in free zones

September 9, 2025

UAE issues Ministerial Decision No. 229 of 2025 on Free Zone corporate tax activities, effective from 1 June 2023.  The...

Singapore: IRAS publishes updated FAQs on GST registration obligations

September 9, 2025

IRAS updated its FAQs on 28 August 2025 to clarify GST registration requirements for businesses.= The Inland Revenue Authority of...

Korea (Rep.), Bangladesh begin CEPA negotiations

September 9, 2025

Korea (Rep.) and Bangladesh began CEPA talks in Seoul to strengthen trade and economic ties. Korea (Rep.) and Bangladesh began...

Ireland: Revenue updates guidance on Irish real estate fund regime

September 9, 2025

Revenue updates guidance on Irish Real Estate Funds. Irish Revenue has released eBrief No. 166/25 on 5 September 2025, announcing...

Taiwan extends deadline for foreign tax treaty applications

September 9, 2025

Taiwan’s Ministry of Finance clarifies that foreign taxpayers can now apply for income tax treaty benefits up to ten years...