Posts by Abdur Rouf

Cambodia
Cambodia sets 0% duty on select US goods

August 12, 2025

Cambodia sets a 0% customs duty on new goods originating from and imported directly from the US.  Cambodia’s government issued...

Thailand: BOI to introduce refundable tax credits under new GMT rules

August 12, 2025

Thailand’s BOI will allow promoted companies to claim cash refunds for unused tax credits under new global minimum tax rules....

Nigeria parliament
Nigeria: Government approves R&D, local materials tax incentives

August 12, 2025

RMRDC received Federal Government approval on 2 July 2025 to implement tax incentives for R&D and the use of locally...

Malaysia updates transfer pricing audit framework for 2025

August 12, 2025

IRBM revises penalty and surcharge rules in the updated guidelines. The Inland Revenue Board of Malaysia (IRBM) has issued the...

Jordan: Council of Ministers approve signing of amending protocol to tax treaty with Kuwait

August 11, 2025

Jordan’s Cabinet approved an amendment to the 2001 income tax treaty with Kuwait on 6 August 2025. Jordan’s Council of...

Singapore: IRAS publishes details on GST audit, enforcement activities

August 11, 2025

IRAS reports over 2,800 GST audits in FY 2024-25, recovering SGD 205 million and urging businesses to improve compliance and...

Korea (Rep.), Vietnam agree to strengthen economic cooperation

August 11, 2025

South Korea and Vietnam have agreed to deepen economic and strategic cooperation, targeting USD 150 billion in bilateral trade by...

Ireland: Revenue updates sports tax exemption guidelines

August 11, 2025

Irish Revenue issues updated guidance on tax exemption for certain sporting national governing bodies under the Finance Act 2024. The...

Senegal announces recovery plan to reduce external borrowing, improve public finances

August 11, 2025

Senegal’s government unveiled a recovery plan on 1 August 2025, introducing new taxes, fraud controls, and visa fees.  Senegal’s government...

France: Tax authority issues guidance on 2025 temporary CIT surcharge for large companies

August 11, 2025

The tax authorities issued guidelines on the temporary corporate tax surcharge for large companies under the 2025 Finance Law. The...

South Africa: SARS updates interest rate for taxation of low interest loans

August 11, 2025

SARS will cut the official interest rate for taxing interest-free or low-interest loans from 8.25% to 8.00% on 1 September...

germany parliament
Germany: Federal Cabinet approves amending protocols to tax treaties with Netherlands, Switzerland

August 8, 2025

The Federal Cabinet approved protocols amending tax treaties with the Netherlands and Switzerland. The German Federal Cabinet approved on 6...

Kuwait, Saudi Arabia income tax treaty enters into force

August 8, 2025

The treaty sets rules on residency, taxation, and anti-abuse measures, applying from 1 January 2026. Kuwait and Saudi Arabia’s income...

Botswana parliament
Mauritius: Cabinet reaffirms approval of amended income tax treaty with Botswana

August 8, 2025

The amended tax treaty will replace the existing 1995 tax treaty between Mauritius and Botswana.  The Mauritius Cabinet reaffirmed its...

Taiwan: MoF clarifies direct and indirect holdings count in CFC rules

August 8, 2025

The finance ministry confirms both direct and indirect related-party ownership count when determining CFC status in low-tax jurisdictions. Taiwan’s Ministry...

Switzerland adds Tunisia to CbC report exchange list

August 8, 2025

Switzerland updates the CbC report list, including Tunisia as reciprocal from January 2024. Switzerland has updated its list of jurisdictions...

Singapore: IRAS rules capital gains from property interest transfers are tax-exempt

August 8, 2025

IRAS ruled on 1 August 2025 that gains from intra-group transfer of long-held investment properties are capital and not taxable....

Ireland: Revenue updates tax and duty manual for 2024 corporation tax returns

August 8, 2025

Irish Revenue updates tax and duty manual with key changes for filing 2024 corporation tax returns. Irish Revenue has published...