Posts by Abdur Rouf

India parliament
India introduces Pillar Two disclosure requirements under national accounting standard

August 20, 2025

India has amended Ind AS 12 to align with International Accounting Standard 12 and introduce new disclosure requirements for the...

Colombia: DIAN clarifies dividend withholding for Andean Community holding companies

August 19, 2025

DIAN rules that dividends to Andean Community holding companies with comparable regimes are exempt from withholding tax, while others remain...

UK considers replacing stamp duty with new property tax

August 19, 2025

UK Treasury considers replacing stamp duty with a new levy on homes over GBP 500,000, aiming for more stable revenue...

New Zealand to replace petrol tax with distance-based road charges

August 19, 2025

New Zealand will shift from petrol taxes to electronic road user charges for all vehicles, starting a staged overhaul of...

India parliament
India to cut GST on small cars, health and life insurance premiums

August 19, 2025

The government proposed cutting GST on small cars from 28% to 18% and reducing GST on health and life insurance...

Colombia invites applications for R&D&I projects with tax incentives

August 19, 2025

Colombia’s MinCiencias launches Call 970 for R&D&I projects eligible for 50% tax credits or 30% deductions, with applications open until...

Japan, UAE hold fourth round of CEPA negotiations

August 18, 2025

The fourth round of CEPA negotiations between Japan and the UAE from 4–8 August 2025, focused on trade, competition, and...

Austria to leverage AI to recover EUR 354M in 2024 tax revenue

August 18, 2025

Austria’s finance ministry says AI helped uncover tax fraud, generating an extra EUR 354 million in tax revenue in 2024....

India plans to slash GST rates

August 18, 2025

India to cut consumption tax by October, introducing a two-tier GST system of 5% and 18%, affecting most items in...

South Africa extends energy efficiency tax incentive to 2030

August 18, 2025

South Africa extends Section 12L Energy-Efficiency Tax Incentive to 2030, supporting business energy savings and carbon reduction. The South African...

Paraguay, UK negotiate to advance income tax treaty

August 15, 2025

Paraguay and the UK met to advance an income tax treaty and strengthen economic cooperation. Officials from Paraguay and the...

New Zealand: IR consults PPP loss carry-forward rules

August 15, 2025

The consultation is set to conclude on 19 September 2025. New Zealand’s Inland Revenue (IR) has initiated a public consultation...

Colombia: Bogota Mayor’s Office proposes major tax reform for 2025

August 15, 2025

The tax reforms are aimed at modernising the system, boosting investment, and creating jobs. Bogota’s Mayor’s Office, Colombia, submitted Project...

India parliament
India to reduce GST by Diwali

August 15, 2025

India plans to simplify GST and lower taxes on common goods by Diwali. Indian Prime Minister Narendra Modi announced today,...

Taiwan issues September 2025 enterprise tax filing notice

August 15, 2025

Taiwan’s Ministry of Finance has set 1–30 September 2025 as the filing period for provisional enterprise income tax returns. Taiwan’s...

Andorra ratifies income and capital tax treaty with UK

August 14, 2025

Andorra has officially ratified its income and capital tax treaty with the UK, following approval by its General Council. Andorra...

Rwanda, Mauritius considering amendment to tax treaty

August 14, 2025

Rwanda and Mauritius are exploring the first amendment to their 2013 double tax agreement. Rwanda and Mauritius officials met on...

Qatar, Saudi Arabia income tax treaty comes into effect

August 14, 2025

Qatar-Saudi Arabia tax treaty takes effect 1 January 2026 The income tax treaty between Qatar and Saudi Arabia entered into...