Posts by Abdur Rouf

US: Senate Republicans propose ending EV tax credits

June 17, 2025

Senate Republicans push to eliminate key EV tax credits, proposing immediate reductions for leased imports and a complete phase-out within...

Lithuania, Vietnam sign letter of intent for income tax treaty

June 17, 2025

Lithuania and Vietnam signed a letter of intent on 12 June 2025 to negotiate their first income tax treaty, which...

US: Senate Finance Committee Chairman releases finance committee reconciliation text

June 17, 2025

Senate Finance Chair Mike Crapo released draft legislation to make 2017 tax cuts permanent and cut green new deal spending...

US: Senate proposes phasing out solar, wind tax credits

June 17, 2025

The proposal accelerates the expiration of renewable energy subsidies under the 2022 Inflation Reduction Act.  A US Senate committee proposed...

South Africa: SARS issues updated guide and quick reference for advance tax rulings

June 16, 2025

SARS issues updated advance tax ruling guide and quick reference on application steps. The South African Revenue Service (SARS) has...

Switzerland: Council of States ratifies crypto-asset and CRS agreements

June 16, 2025

Switzerland’s Council of States approved agreements to expand automatic tax information exchange to cover crypto-assets and updated reporting standards.  The...

Switzerland updates MCAA CbC report exchange list, adding Cameroon and Mongolia

June 16, 2025

Switzerland has added Cameroon and Mongolia to the CbC reporting framework under the MCAA exchange network, effective 1 January 2024....

Vietnam: Parliament approves gradual tax rise on beer and strong alcohol by 2031

June 16, 2025

Vietnam plans to raise taxes on beer and strong alcohol to 90% by 2031.  Vietnam’s parliament has approved a plan...

Switzerland: Basel-City approves tax incentives and R&D fund in referendum

June 16, 2025

Switzerland’s Basel-City canton approved a referendum on 18 May 2025, introducing tax incentives, R&D grants, an innovation fund, and a...

Venezuela: SENIAT announces adjustment to tax unit value

June 16, 2025

Venezuela’s SENIAT has raised the tax unit value from 9 to 43 bolivars, a 377.78% increase, effective immediately for national...

Venezuela grants tax exemption on central bank securities

June 16, 2025

Venezuela exempts income tax on Central Bank securities for one year from 8 May 2025.  Venezuela has enacted Decree No....

Switzerland: Council of States approves tax treaty protocol with Hungary

June 13, 2025

The Swiss Council of States ratified the first amending protocol to the 2012 tax treaty with Hungary on 10 June...

Croatia: Parliament approves tax treaty with Liechtenstein

June 13, 2025

The Croatian parliament approved the income and capital tax treaty with Liechtenstein on 6 June 2025. The Croatian parliament gave...

Estonia: Parliament ratifies income tax treaty with Botswana

June 13, 2025

The Act enters into force on 27 June 2025.  Estonia’s parliament passed the law to ratify the income tax agreement...

Croatia: Parliament ratifies income and capital tax treaty with Saudi Arabia

June 13, 2025

The Croatian Parliament ratified its first income and capital tax treaty with Saudi Arabia on 6 June 2025.  Croatia’s Parliament...

Germany finalises 2025 automatic financial information exchange list

June 13, 2025

Germany has confirmed 115 jurisdictions for the 2025 automatic exchange of financial account information, with reporting due by 31 July...

UK: HM Treasury updates carried interest tax policy ahead of 2026 changes

June 13, 2025

The UK’s HM Treasury released its Government Response and Policy Update on 5 June 2025, addressing the tax treatment of...

South Africa: SARS outlines SEZ tax benefits for SMMEs to support investment and growth

June 13, 2025

SARS outlines SEZ tax incentives and licensing rules for SMMEs to support investment and trade. The South African Revenue Service...