Posts by Abdur Rouf

US to impose 25% tariffs on Japan, Korea (Rep.) from August 2025

July 8, 2025

Trump announced new tariffs on Japan and Korea (Rep.), urging trade negotiations before 1 August. US President Donald Trump announced...

UK: Online marketplaces responsible for VAT on sales by foreign sellers

July 8, 2025

HMRC has confirmed that online marketplaces must account for VAT on goods sold by overseas businesses when the items are...

Corporate tax, Transfer Pricing, Global Trade, Tax Treaty, VAT.
Russia: Federation Council ratifies new income and capital tax treaty with UAE

July 8, 2025

Russia’s Federation Council ratifies law for new income and capital tax treaty with UAE, replacing 2011 agreement.  The Russian Federation...

Corporate tax, Transfer Pricing, Global Trade, Tax Treaty National Diet Building, Tokyo, Japan.
Japan and Monaco continue negotiations on tax treaty agreement

July 8, 2025

Japan and Monaco continue talks on a bilateral tax treaty during diplomatic engagements in Osaka.  Monaco’s Acting Minister of State...

Corporate tax, Transfer Pricing, Global Trade, Tax Treaty, VAT.
Sweden proposes law to implement DAC9

July 8, 2025

Legislation to take effect from 1 April 2026, with transitional rules and temporary penalty relief The Swedish Ministry of Finance...

Chad approves ratification of income tax treaty with UAE

July 8, 2025

Chad approves ratification of its first income tax treaty with the UAE. Chad’s lower house of Parliament (National Assembly) passed...

Ukraine mandates 2024 CbC reports from MNEs headquartered in US, Canada, Israel

July 8, 2025

The automatic exchange of reports with these countries have not yet fully worked as of the end of 2024. The...

Singapore updates GST e-tax guides on prospective registration and gross margin scheme

July 7, 2025

The updated GST e-Tax Guides will revise registration timelines and ease GMS adoption requirements. The Inland Revenue Authority of Singapore...

Thailand proposes US trade deal to avert 36% tariffs

July 7, 2025

Thailand proposed to reduce its USD 46 billion trade surplus and increase imports of American goods before a 9 July...

Denmark launches consultation on draft law to implement DAC9 requirements

July 7, 2025

Denmark has launched a public consultation on draft legislation to implement DAC9 with feedback due by 21 August 2025. The...

Pakistan: Federal Board of Revenue publishes Finance Act 2025

July 7, 2025

Finance Act 2025 introduces new digital taxes, revised income tax rates, and expanded enforcement measures effective from 1 July 2025....

France, Kenya and allies push global airline ticket tax to fund climate adaptation

July 4, 2025

A coalition including France, Kenya, Barbados, and others aims to expand air travel taxes to raise billions for climate resilience...

US, Dominican Republic CbC reporting agreement now in force

July 4, 2025

The US–Dominican Republic competent authority arrangement for automatic exchange of Country-by-Country reports became operative on 5 May 2025, with exchanges...

Denmark proposes amendments to property tax rules

July 4, 2025

The consultation addresses proposed changes to property tax rules, including retroactive preliminary assessments and loan scheme adjustments, and closes on...

Japan issues FAQs on foreign SSA application amid non-adoption

July 4, 2025

Japan’s NTA clarifies tax treatment for foreign SSA adoption, reaffirming the use of existing transfer pricing rules. Japan’s National Tax...

Austria issues second set of FAQs on minimum taxation Act

July 4, 2025

 The FAQs on the Minimum Taxation Act provide detailed guidance on technical topics like prior-period income, joint ventures, mergers, and...

Vietnam extends VAT reduction until 2026

July 4, 2025

The National Assembly has extended the 2% VAT cut for eligible goods and services from 1 July 2025 to 31...

Egypt amends VAT law to broaden tax base and target key sectors

July 4, 2025

The amended VAT law focuses on expanding the tax base, addressing sectoral imbalances, and improving fiscal sustainability, while maintaining the...