Posts by Abdur Rouf

France, Uganda begin negotiations on income tax treaty

July 17, 2025

French and Ugandan officials started negotiations in June 2025 for their first bilateral income tax treaty to prevent double taxation....

Taiwan clarifies rules on foreign tax credit eligibility

July 17, 2025

Unclaimed treaty relief blocks foreign tax credit in Taiwan Taiwan’s Ministry of Finance has clarified that profit-seeking enterprises are not...

germany parliament
Germany, Japan formalise tax treaty arbitration rules

July 17, 2025

The agreement details the procedures for the arbitration of their 2015 tax treaty between the two countries. The German Ministry...

UAE clarifies VAT requirements on SWIFT charges for financial institutions

July 17, 2025

The Public Clarification outlines the VAT obligations and input tax documentation requirements for financial institutions incurring SWIFT-related interbank charges. The...

Colombia: Government considers tax hike to fund 2026 budget

July 17, 2025

The government is considering tax reform to raise COP 26 trillion for its 2026 budget. Colombia’s government is considering a...

Kazakhstan consults transfer pricing law amendments

July 17, 2025

The amendment proposes using the official exchange rate to calculate the CbC reporting threshold under transfer pricing rules. Kazakhstan’s Ministry...

France: Council of Ministers approves new income tax treaty with Finland

July 16, 2025

The new treaty will replace the existing 1970 tax agreement between France and Finland.  The French Council of Ministers gave...

Mexico updates final lists of taxpayers linked to fake transactions

July 16, 2025

The updated lists of taxpayers suspected of issuing invalid invoices due to non-existent transactions require affected parties to provide proof...

Turkey extends tax payment deadlines in earthquake-hit regions

July 16, 2025

Turkey delays tax debt repayments for earthquake-affected taxpayers until after November 2025.  Turkey’s Revenue Administration announced the enactment of Presidential...

India: CBDT launches nationwide drive to crack down on false income tax deduction and exemption claims

July 16, 2025

The income tax department has begun a large-scale verification to detect and act against fraudulent claims of deductions and exemptions...

Colombia sets shareholder loan rate at 9.25% for 2025

July 16, 2025

 Colombia has lowered the deemed minimum interest rate on shareholder and partner loans to 9.25% for the 2025 tax year,...

Turkey issues updated 2025 tax guide on passenger vehicles

July 15, 2025

The guidance updates the tax rules for business-use passenger vehicles and sets limits on deductible expenses and depreciation for the...

Bangladesh, US to hold final tariff negotiations before August 25

July 15, 2025

Bangladesh and the US to hold final tariff negotiations next week to avert 35% export duty. Bangladesh will commence a...

Denmark updates DAC7 guidance for platform reporting obligations

July 15, 2025

Revised guidance outlines 2024 platform income reporting rules and updates for rental platforms. Denmark’s tax authorities have released revised guidance...

Taiwan issues CFC exemption guidelines for 2025 compliance

July 15, 2025

New guidance confirms Taiwan’s CFC exemption applies to entities with limited earnings or substantial operations. Taiwan’s Ministry of Finance has...

EU warns of retaliation if US proceed with tariffs from August

July 15, 2025

Following a meeting in Brussels, EU foreign and trade ministers expressed frustration with Washington’s lack of agreement and signalled readiness...

Brazil congress
Brazil, Nigeria sign trade and investment framework agreement

July 14, 2025

The trade and investment framework agreement is aimed to strengthen economic and agricultural cooperation between the two jurisdictions.  Brazil and...

Chad: Senate approves ratification of income tax treaty with UAE

July 14, 2025

Chad’s upper house of Parliament (Senate) approved the law ratifying the income tax treaty with the UAE on 10 July...