Posts by Abdur Rouf

Singapore: IRAS issues advance ruling on taxation of IP transfers

June 13, 2025

IRAS has ruled that payments received by a Singapore company for transferring Improvement IP to a related party are non-taxable...

Ecuador extends transfer pricing filing deadlines for 2024

June 13, 2025

Ecuador has extended the 2024 transfer pricing filing deadlines to September 2025 for qualifying taxpayers. Ecuador’s Internal Revenue Service (SRI)...

Thailand, Brunei approve first tax treaty

June 12, 2025

Thailand’s Cabinet approves its first income tax treaty with Brunei, following OECD/G20 BEPS guidelines. The Thai Cabinet approved the signing...

Montenegro launches negotiation process for tax treaty with Iceland

June 12, 2025

Montenegro has approved plans to negotiate a tax treaty with Iceland and appointed its negotiation delegation. Montenegro’s government announced its...

Morocco, Kenya discuss first income tax treaty

June 12, 2025

Morocco and Kenya met on 26 May 2025 to discuss economic cooperation and a first-ever income tax treaty.  Morocco’s Ministry...

J5 Australia, Canada, Netherlands, UK, and US publish report on fintech use in tax evasion and money laundering

June 12, 2025

The J5 group—Australia, Canada, Netherlands, UK, and US—has released a report examining how fintech is used to facilitate tax evasion...

Vietnam launches new tax rules for e-commerce and digital platform sellers

June 12, 2025

Starting 1 July 2025, Vietnam requires e-commerce platforms to withhold and pay taxes on behalf of sellers.  The Vietnamese Government...

Georgia, Korea (Rep.) conclude 5th round of investment agreement negotiations

June 12, 2025

Georgia and Korea (Rep.) finished their fifth negotiation round to strengthen investment ties. Georgia and Korea (Rep.) concluded the fifth...

Peru deposits instrument of ratification of the multilateral BEPS

June 12, 2025

Peru ratifies the OECD BEPS Convention, effective 1 October 2025, strengthening efforts to combat tax avoidance. Peru deposited its instrument...

Kazakhstan revises tax treaty list for CFC rules

June 12, 2025

Kazakhstan has updated its list of jurisdictions eligible for CFC rule exemptions, removing several countries and Swiss cantons, effective 22...

Pakistan unveils Federal budget 2025–26 with major tax reforms

June 12, 2025

Pakistan’s Ministry of Finance unveiled the 2025-2026 Federal Budget on 10 June, introducing significant tax reforms to boost revenue and...

UAE CEPAs with Costa Rica and Mauritius come into effect

June 11, 2025

The UAE’s CEPAs with Costa Rica and Mauritius took effect on 2 April 2025, reducing tariffs and boosting trade ties. ...

Luxembourg: Council of State approves ratification of tax treaty with Oman

June 11, 2025

Luxembourg’s Council of State has approved the ratification of the tax treaty with Oman, advancing the agreement signed in October...

Ecuador: SRI issues new special taxpayer list with stricter rules

June 11, 2025

Ecuador’s SRI updates special taxpayer list with stricter e-invoicing rules effective June 1 under new resolution. The Ecuadorian Tax Administration...

Russia: Central bank cuts key rate by 100 bps to 20% p.a.

June 11, 2025

Russia’s central bank cut the key rate by 100 bps to 20% on 6 June 2025, maintaining tight policy to...

South Africa: SARS updates average exchange rates 2025

June 11, 2025

SARS has published updated average exchange rates for key foreign currencies to assist taxpayers with 2025 income and expenditure conversions....

Switzerland: Federal Council adopts dispatch approving the list of 74 partner states for AEOI concerning cryptoassets

June 11, 2025

From 2026, Switzerland will begin automatic crypto asset data exchange with 74 compliant partner countries, including the EU and UK....

Dominican Republic sets e-invoicing deadline for small and unclassified taxpayers

June 11, 2025

The Dominican Republic requires all taxpayers, including micro and small businesses, to adopt electronic invoicing by 15 May 2026.  The...