Posts by Abdur Rouf

Estonia: Government approves income tax treaty with Oman

August 22, 2025

The tax treaty will take effect after ratification instruments are exchanged and apply from 1 January of the following year....

Singapore: IRAS revises GST filing guidance on error corrections and extension requests

August 22, 2025

IRAS updates GST filing guidance, outlining error corrections, refund claims, and deadlines for extensions. Singapore’s tax authority (IRAS) released revised...

Pakistan: FBR introduces withholding tax on domestic digital sales

August 22, 2025

The FBR introduced a 1–2% withholding tax on domestic digital sales via online marketplaces. Pakistan’s Federal Board of Revenue (FBR)...

Chile: SII issues circular on overdue tax fines for September 2025

August 22, 2025

Chile’s SII issued Circular No. 52-2025 on 14 August 2025, setting September 2025 tax readjustments, fines, and a 0.0222222222% daily...

UAE: FTA urges corporate taxpayers to file returns, pay within the specified deadlines

August 22, 2025

UAE’s Federal Tax Authority has urged corporate tax taxpayers to finalise records, file returns, and pay tax due by the...

Uruguay clarifies tax deductibility of directors’ fees

August 21, 2025

The tax administration confirms directors’ fees are fully deductible for corporate income tax, including amounts exempt from social security contributions....

Sweden: Central Bank holds policy rate at 2.00%

August 21, 2025

Riksbank holds rate at 2% amid inflation pressures, signals possible cuts later in 2025 Sweden’s central bank, the Riksbank, held...

Taiwan: MoF clarifies how to handle remaining labour retirement fund balances

August 21, 2025

The Ministry of Finance says leftover Labour Retirement Reserve funds must be reported as income when settled. Taiwan’s Ministry of...

South Africa: Treasury proposes strengthening anti-avoidance rules for hybrid equity instruments

August 21, 2025

South Africa proposes more rigid tax rules on hybrid equity instruments, expanding the scope and taxing dividends as income from...

New Zealand: RBNZ cuts official cash rate to lowest level in three years

August 21, 2025

The Reserve Bank of New Zealand trimmed its official cash rate by 25 bps on 20 August 2025, signalling possible...

Congo (DRC) introduces import tax to fund universal healthcare

August 21, 2025

Congo, DRC introduces import and payroll taxes to secure long-term funding for its universal healthcare program. The Democratic Republic of...

Ireland: Irish Revenue updates Pillar Two guidance

August 21, 2025

The updated guidance outlines Pillar Two registration, filing, and top-up tax requirements for MNEs. Irish Revenue published updated guidance on...

Brazil congress
Brazil: Chamber of Deputies considers introduction of digital social contribution

August 21, 2025

The CSD would apply to digital advertising services using user data and the sale or transfer of data generated by...

Corporate tax, Transfer Pricing, Global Trade, Tax Treaty, VAT.
Sweden: Ministry of Finance proposes amendments to global minimum tax rules

August 21, 2025

The draft legislation aligns Sweden’s Top-up Tax Act with new OECD guidance and EU rules on global minimum taxation. Sweden’s...

Dominican Republic: DGII extends 2024 FATCA reporting deadline

August 20, 2025

This extension is intended to ensure full adherence to the Intergovernmental Agreement (IGA) signed between the US and the Dominican...

South Africa: Government proposes limiting deferral of foreign exchange gains under draft tax bill

August 20, 2025

South Africa proposes tighter rules on deferring foreign exchange gains for certain related-party debts from January 2026. South Africa’s government...

South Africa to tax dividends on certain hedging instruments from 2026

August 20, 2025

South Africa proposes taxing dividends on certain hedging instruments from 2026 to align tax with IFRS accounting. The South African...

South Africa: SARS consults 2025 Draft Taxation Laws Amendment Bill, Draft Tax Administration Laws Amendment Bill

August 20, 2025

The Treasury and SARS have released the 2025 draft tax bills and regulations for public consultation, which ends on 12...