Posts by Abdur Rouf

Kuwait ratifies income tax treaty with Saudi Arabia

July 10, 2025

Kuwait ratifies first income tax treaty with Saudi Arabia via Decree-Law No. 80 of 2025. Kuwait issued Decree-Law No. 80...

Ecuador clarifies tax exemption rules for share transfers

July 10, 2025

The Circular clarified income tax rules and filing obligations for share transfers and corporate restructurings.  Ecuador’s Internal Revenue Service (SRI)...

Singapore: IRAS releases 8th edition guide on additional conveyance duties

July 10, 2025

This guide outlines the Additional Conveyance Duties (ACD) introduced on 11 March 2017, covering their treatment and calculation for acquiring...

Bulgaria to adopt the euro from 2026

July 10, 2025

Bulgaria will adopt the euro starting 1 January 2026, replacing the lev at a fixed rate after meeting EU criteria....

Luxembourg ratifies tax treaty with Oman

July 9, 2025

Luxembourg has ratified its income and capital tax treaty with Oman, following parliamentary approval and publication in the Official Gazette....

Sri Lanka: Parliament approves protocol to 2013 tax treaty with India

July 9, 2025

The Sri Lankan Parliament approved the amending protocol to its 2013 income tax treaty with India on 2 July 2025,...

Japan, Iran Customs Mutual Assistance Agreement enters into force

July 9, 2025

Japan and Iran’s Customs Mutual Assistance Agreement entered into force on 18 June 2025, following its signing on 22 August...

Kuwait: Council of Ministers approves income tax treaty with Saudi Arabia

July 9, 2025

Kuwait’s Council of Ministers approved the 2025 income tax treaty with Saudi Arabia Kuwait’s Council of Ministers issued Decree-Law No....

Denmark and Italy sign OECD agreement on automatic exchange of digital platform income data

July 9, 2025

Denmark and Italy have joined the OECD’s DPI-MCAA to automatically exchange tax data on income earned through digital platforms, supporting...

Sri Lanka to introduce 18% VAT on cross-border digital services

July 9, 2025

Sri Lanka will implement an 18% VAT on foreign digital services supplied to local consumers starting October 2025. Sri Lanka...

Vietnam enacts new VAT law

July 9, 2025

The new VAT law introduces 0% VAT for certain NTZ/EPE services, expanded non-cash payments, updated VAT credit/refund rules, and new...

UK: HMRC introduces strict crypto reporting rules starting 2026

July 9, 2025

UK crypto traders will face penalties if they fail to provide personal information under HMRC’s updated reporting requirements. The UK’s...

Lithuania implements DAC8 and APA rollback in tax law amendments

July 9, 2025

Lithuania has amended its tax law to implement DAC8, APA rollback, and update reporting, VAT, GDPR, and penalty rules, which...

Bangladesh begins second-round of negotiations with US to avert 35% tariff on exports

July 9, 2025

The second-round talks are being held at Washington from 9–11 July 2025. Bangladesh has started the second round of negotiations...

Lithuania extends corporate income tax exemption for large-scale investment projects

July 9, 2025

Under the amended Corporate Income Tax (CIT) Law, companies undertaking qualifying projects may receive tax relief for up to 20...

Corporate tax, Transfer Pricing, Global Trade, Tax Treaty National Diet Building, Tokyo, Japan.
Japan issues guidance o interest-equivalent payments under J-ESR

July 8, 2025

Japan’s FSA issued guidance clarifying tax rules for interest-equivalent payments under the Earnings Stripping Regime, aligning with OECD BEPS Action...

UK Treasury amends Pillar Two rules to allow retrospective HMRC notices

July 8, 2025

The UK Treasury has amended Multinational Top-up Tax regulations to enable HMRC to issue retrospective notices under the OECD’s Pillar...

corporate tax, transfer pricing, VAT, global trade, tax treaty
US to impose 35% tariff on Bangladeshi exports from August

July 8, 2025

US to apply 35% tariff on Bangladeshi exports from 1 August, raising concerns for the country’s key garment sector. The...