Posts by Abdur Rouf

Germany publishes revised DAC8 draft bill for crypto reporting

July 4, 2025

The updated draft of the DAC8 bill introduces new cryptocurrency reporting regulations in Germany, with the consultation period open until...

Ukraine: Government approves 2026–2028 budget plan

July 4, 2025

Ukraine’s Cabinet approved the 2026–2028 Budget Declaration, outlining fiscal targets, wage adjustments, and EU-aligned reforms. The Ukrainian Council of Ministers...

UK: Treasury enacts cryptoasset reporting regulations

July 4, 2025

The Regulations implement OECD’s Crypto-Asset Reporting Framework (CARF) and will come into force on 1 January 2026.  The UK Treasury...

US to impose 20% tariff on Vietnamese exports

July 3, 2025

The US will impose a 20% tariff on many Vietnamese exports, with trans-shipped goods facing 40%.  President Donald Trump announced...

Uzbekistan to refund 50% VAT to livestock and poultry farmers

July 3, 2025

Uzbekistan is offering a 50% VAT refund to livestock and poultry farms from April 2025 to January 2028 under Cabinet...

Malaysia exempts imported fruits from sales and service tax

July 3, 2025

Malaysia exempts imported apples, oranges, mandarin oranges, and dates from sales tax as part of revised sales and service tax...

Greece consults on EU-Aligned VAT rules for small businesses

July 3, 2025

The Greek Ministry of Finance is consulting on a draft law to align VAT rules with the EU small business...

Saudi Arabia: ZATCA sets criteria for 23rd wave of e-invoicing integration

July 3, 2025

ZATCA will require businesses with VAT revenues over SAR 750,000 from 2022–2024 to join the 23rd e-invoicing integration phase starting...

Singapore: IRAS issues 8th edition e-tax guide on income tax treatment of REIT ETFs

July 3, 2025

 IRAS’s eighth edition of its e-tax guide outlines the income tax treatment of REIT ETFs receiving distributions from S-REITs and...

Lithuania: Parliament approves loss carryforward clarification as part of tax reform package

July 3, 2025

Lithuania’s parliament has approved changes to loss carryforward rules, capping annual use at 70% of taxable income from 2026, with...

Argentina: Lowered interest rates on late tax payments and refunds effective from July

July 3, 2025

Argentina is lowering compensatory interest to 2.75% and punitive interest to 3.5% per month for peso-denominated debts.  Argentina has reduced...

Saudi Arabia announces e-invoicing integration criteria for group 23 taxpayers

July 2, 2025

ZATCA has set integration deadlines for Group 23 taxpayers—those with VAT-liable revenues above SAR 750,000 in 2022–2024—to connect their e-invoicing...

Ukraine clarifies VAT rules for foreign currency advance payments

July 2, 2025

The tax authority clarified that VAT on advance payments in foreign currency for services to non-residents must be calculated using...

Ukraine considers extending VAT exemption for electric vehicles until 2027

July 2, 2025

Ukraine’s parliament is reviewing a draft law to extend the VAT exemption on electric vehicles by one year, through to...

Greece proposes amendments to inheritance, gift, and real estate tax laws

July 2, 2025

Greece’s Ministry of Finance has opened public consultation on a draft bill proposing changes to inheritance and gift tax laws...

UK, US agree on global minimum tax deal

July 2, 2025

The UK and US have agreed on the G7 global minimum tax framework, removing Section 899 to protect UK businesses...

New Zealand consults on draft 2025 long-term insights briefing

July 2, 2025

New Zealand Inland Revenue is seeking public feedback on its draft 2025 Long-Term Insights Briefing, which explores the impact of...

Saudi Arabia extends tax penalty relief through 2025

July 2, 2025

Saudi Arabia has extended its tax penalty waiver initiative until 31 December 2025. The initiative offers relief from fines on...