Posts by Abdur Rouf

Taiwan: MOF tightens CFC loss submission rules

July 28, 2025

The finance ministry mandated that CFC losses are deductible only if audited statements or equivalent proof are filed by the...

Luxembourg approves draft laws on Pillar Two, crypto reporting

July 28, 2025

The approved draft laws transpose DAC 8 and DAC 9, introducing new crypto reporting obligations and implementing Pillar Two top-up...

UK: HMRC consults tax measures proposed in Finance Bill 2025-26

July 25, 2025

HMRC opened a consultation on 21 July 2025 on draft measures for the Finance Bill 2025–2026, covering tax reforms, digitalisation,...

Turkey caps tax incentives, R&D exemptions under new law

July 25, 2025

Turkey’s Law No. 7555 limits corporate income tax incentives to 10 years and caps R&D income tax exemptions starting July...

UK HMRC updates top-up tax rules to align with 2025 OECD guidance

July 24, 2025

UK updates top-up tax rules to align with OECD Pillar Two guidance, effective mostly from 31 December 2025. UK HMRC...

germany parliament
Germany gazettes law to boost business competitiveness, R&D changes to enter into force next year

July 24, 2025

Germany has enacted a new investment programme law to enhance its appeal as a competitive business location, with most provisions...

Ireland: Revenue issues guidance on taxation of income from social media and promotional activities

July 24, 2025

Irish Revenue has issued guidance on the tax treatment and compliance obligations for income earned from social media and promotional...

Ecuador cuts taxes on private electric vehicles and eases tourism VAT rules

July 24, 2025

Ecuador has enacted a new law granting VAT and import duty exemptions for private-use EVs and expanding flexibility in tourism-related...

Lithuania: Parliament reviews investment incentive for select municipalities

July 24, 2025

Lithuania plans to reduce taxable profit for companies investing in designated municipalities, allowing up to a 100% deduction on eligible...

Italy gazettes Decree regulating exemption from loss carry-forward restrictions for intra-group restructurings

July 18, 2025

Italy has implemented an exemption from tax loss carry-forward restrictions for intra-group restructurings under Article 177-ter of the Income Tax...

Kuwait launches online registration service for multinational entities subject to DMTT

July 18, 2025

Kuwait’s Ministry of Finance has launched an online registration service for companies subject to the 15% Domestic Minimum Top-up Tax...

Andorra: General Council ratifies income tax treaty with UK

July 18, 2025

Andorra’s parliament has approved the ratification of a new income and capital tax treaty with the UK, set to take...

Chile issues VAT registration rules for foreign B2C sellers

July 18, 2025

The resolution introduces VAT registration for foreign sellers and platforms handling low-value B2C goods from October 2025. The Chilean tax...

OECD reports to G20 on tax transparency and global minimum tax

July 18, 2025

The OECD has released the Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors, and Taking Stock of...

Colombia clarifies tax on indirect transfers of free trade zone branches

July 18, 2025

The Ruling clarifies tax rules for indirect transfers of Free Trade Zone branches, excluding preferential rates. The Colombian tax authority...

Zambia announces broad tax reforms in 2025 budget

July 18, 2025

Zambia’s 2025 Budget introduces wide-ranging tax reforms across income, turnover, VAT, property transfer, and excise duties to boost revenue and...

Taiwan: MoF warns enterprises on timely CFC loss reporting

July 17, 2025

The finance ministry stated that CFC losses need supporting documents by the tax deadline, or they won’t be allowed. Taiwan’s...

France: Council of Ministers approves tax treaty protocol with Sweden

July 17, 2025

The protocol updates the 1990 France–Sweden Income and capital tax treaty with OECD BEPS standards.  France’s Council of Ministers approved...