Posts by Abdur Rouf

Switzerland signals willingness to revise US offer in response to heavy tariffs

August 4, 2025

Switzerland plans to revise its trade offer following the US announcement of 39% import tariffs amid rising economic concerns. The...

Greece amends corporate, VAT, personal tax laws

August 4, 2025

Law 5222/2025 introduces changes to VAT, income tax, customs and real estate rules, following public consultation and EU alignment efforts....

Turkey consults amendments to VAT refunds, exemptions, and procedures

August 1, 2025

The draft communiqué provides clarification on VAT exemptions, fraud-related loss, property sales rules, special consumption tax, and proportional VAT refunds...

Greece updates tax incentives for family wealth management entities

August 1, 2025

The new law has halved the minimum annual operating expenditure for family offices from EUR 1 million to EUR 500,000,...

EU to remove tariffs on UK steel under restored quota system

August 1, 2025

The initiative will allow the UK to export up to 27,000 tonnes of steel to the EU per quarter, tariff-free,...

US cuts tariff on Bangladeshi imports to 20%

August 1, 2025

The US has lowered its tariff on imports from Bangladesh to 20%, down from the previous steep rate of 35%. ...

Korea (Rep.): Ministry of Economy and Finance proposes corporate tax hikes, AI investment incentives, QDMTT Pillar Two rules

August 1, 2025

The proposals will require approval from the National Assembly before they can enter into force. The South Korean Ministry of...

Russia introduces 0% corporate tax, other incentives for International Advanced Development Territory

August 1, 2025

The law will enter into force on 1 January 2026. Russia’s State Duma approved Federal Law No. 518779-8 on 22...

Amending protocol France, Switzerland tax treaty enters into force

July 31, 2025

The amending protocol to the 1966 France–Switzerland tax treaty, has entered into force on 24 July 2025. The agreement is...

Albania: Council of Ministers approve income tax treaty with Denmark

July 31, 2025

The agreement aims to enhance economic cooperation and combat tax evasion. The Albanian Council of Ministers approved an income tax...

Turkey revises special consumption tax rates for EVs, other vehicles

July 31, 2025

The special consumption tax rates for passenger cars, electric vehicles, and off-road vehicles take effect on 1 August 2025. Turkey...

Egypt: Tax Authority expands list of taxpayers required to issue electronic receipts for B2C transaction

July 31, 2025

The Decision mandates that taxpayers listed in the annex section begin issuing electronic tax receipts for goods and services sold...

Greece: Parliament approves bill mandating B2B e-invoicing

July 31, 2025

Greece’s parliament approved a new bill titled “National Customs Code and Other Provisions – Pension Regulations” on  25 July 2025,...

Bangladesh: Government approves purchase of 220k metric tons of wheat from US to ease trade tensions

July 31, 2025

This government-to-government deal is part of Bangladesh’s efforts to reduce trade tensions with the US and avoid high tariffs on...

UK: HMRC adds Spain, Guernsey as Pillar Two recognised territories

July 31, 2025

HMRC confirms Spain and Guernsey as recognised Pillar Two jurisdictions in Notice 2 issued on 24 July 2025. The UK’s...

Russia: Central Bank cuts key interest rate to 18%

July 31, 2025

New rate affects tax-related interest and penalty calculations from 25 July 2025. The Russian Central Bank reduced the key interest...

Kazakhstan adopts transfer pricing law amendments, emphasises ‘substance over form

July 31, 2025

Kazakhstan’s President signed amendments to transfer pricing  regulations on 18 July 2025, introducing new rules effective 1 January 2026 that...

Nigeria parliament
Nigeria to enforce mandatory e-invoicing for large taxpayers starting tomorrow

July 31, 2025

All large taxpayers with annual turnovers of NGN 5 billion or more will be required to adopt mandatory electronic invoicing...