Posts by Abdur Rouf

Spain consults on Pillar 2 tax reporting forms

June 11, 2025

Spain is seeking feedback on a draft order introducing key reporting forms for the complementary tax, which runs until 24...

Bangladesh plans higher minimum PIT in 2025-26 budget

June 10, 2025

The government may introduce a flat BDT 5,000 minimum tax for individuals in FY 2025-26, with new taxpayers paying a...

India: Government approves scheme to boost domestic EV production

June 10, 2025

India launches a scheme to boost EV manufacturing, attracting global investments with reduced import duties and a minimum INR 4,150...

Greece expands list of jurisdictions for financial information exchange under CRS

June 10, 2025

The Greek Public Revenue Authority (AADE) has expanded the lists of reportable and participating jurisdictions for financial data exchanges under...

Denmark: Parliament approves green depreciation in tax reform

June 10, 2025

Denmark raises depreciation rate for eco-friendly investments to 108% for 2025–2026. Denmark’s parliament passed Bill L 195 on 3 June...

Singapore: IRAS updates e-tax guide on foreign asset disposal gains

June 10, 2025

IRAS revises tax rules for foreign asset sales—gains may be taxable if transactions lack economic substance in Singapore, effective 1...

Colombia updates self-withholding tax rates starting June 2025

June 10, 2025

Colombia revises self-withholding tax rates from 1 June 2025, with new sector-based rates and payment thresholds. Colombia’s Ministry of Finance...

Ireland releases updated EU VAT guidelines for small enterprises

June 10, 2025

Ireland issues new VAT guidelines for SMEs under EU scheme, exempting cross-border sales under EUR 100,000 from 2025. Ireland’s Revenue...

Germany unveils tax boost package to revive investment and growth

June 10, 2025

Germany unveils tax reform package with super deductions and lower corporate tax to boost investment and competitiveness. The Federal Cabinet...

Saudi Arabia: ZATCA urges taxpayers to utilise fines and penalties waiver before June 2026

June 10, 2025

ZATCA extends deadline for penalty waivers, urging taxpayers to settle dues by 30 June 2025. The Saudi Zakat, Tax and...

Turkey, Zimbabwe trade agreement enters into force

June 5, 2025

The Turkey-Zimbabwe trade deal entered into force on 9  May 2024 Turkey and Zimbabwe’s trade and economic cooperation agreement, signed...

Turkey enacts trade agreement with Azerbaijan and Turkmenistan

June 5, 2025

Turkey confirmed the entry into force of a broad trade and economic cooperation agreement between Azerbaijan, Turkey, and Turkmenistan.  Turkey’s...

Austria: Council of Ministers approves protocol amending tax treaty with Kuwait

June 5, 2025

Austria’s Council of Ministers has approved a protocol to amend the 2002 tax treaty with Kuwait.  The Austrian Council of...

Colombia updates withholding and self-withholding tax rates

June 5, 2025

Colombia updates income tax withholding rates and thresholds, effective 1 June 2025. Colombia’s National Government released Decree 0572 of 2025...

Egypt to replace capital gains tax with stamp tax on stock transactions

June 5, 2025

Egypt’s Cabinet replaces the capital gains tax on securities with a stamp tax. Egypt’s Cabinet has decided to cancel the...

Switzerland, Sweden sign a mutual agreement on arbitration

June 4, 2025

Switzerland and Sweden have agreed on procedures for resolving tax disputes through arbitration if unresolved after four years. The Swiss...

Russia approves new income tax treaty with UAE

June 4, 2025

Russia has approved a new tax treaty with the UAE to enhance tax cooperation and replace the limited 2011 agreement. ...

Qatar, Kuwait sign income tax treaty

June 4, 2025

Qatar and Kuwait have signed an income tax treaty aimed at preventing double taxation.  Qatar and Kuwait signed their first...