Posts by Abdur Rouf

Kazakhstan authorises signing of first income tax treaty with Egypt

June 4, 2025

Kazakhstan authorises the Finance Minister to sign its first income tax treaty with Egypt.  Kazakhstan issued Decree No. 382 on...

Japan, Laos move forward on first bilateral income tax treaty

June 4, 2025

Japan and Laos officials met to advance negotiations on their first bilateral income tax treaty.  Officials from Japan and Laos...

Kazakhstan, Oman sign income tax treaty

June 4, 2025

Kazakhstan and Oman signed their first income tax treaty on 29 May 2025.  Kazakhstan and Oman signed an income tax...

Estonia moves to terminate tax treaty with Belarus

June 4, 2025

Estonia has formally ended its 1997 tax treaty with Belarus, which could be terminated as early as 1 January 2026....

South Africa: SARS lowers interest rate for taxation on interest-free and low-interest loans

June 4, 2025

SARS lowers official interest rate for fringe benefits on employer loans from 8.50% to 8.25%, effective 1 June 2025.  The...

Colombia issues tax refund certificates for exporters’ indirect taxes

June 4, 2025

Colombia provides tax refund certificates (CERT) to exporters for indirect taxes paid on goods and services, effective 30 May 2025. ...

Vietnam issues new guidance on e-invoices and tax compliance

June 4, 2025

Vietnam updated regulations on e-invoices, taxpayer risk assessment, and invoicing procedures for business models, effective 1 June 2025. Vietnam’s Ministry...

South Africa: SARB reduced repo rate by 25 basis points

June 4, 2025

The SARB has cut the repo rate by 25 basis points to 7.75%, effective 30 May 2025.  The South African...

Malta extends property tax incentives until December 2025

June 3, 2025

The Maltese government has extended property tax exemptions on qualifying transfers until 31 December 2025. The Maltese government has extended...

South Africa revises guide for withholding tax on royalties return

June 3, 2025

SARS updates guide for Withholding Tax on Royalties (WTR01), effective 30 May 2025. Includes filing, payment, and refund processes, with...

Singapore: IRAS exempts PEHE foreign disposal gains under Advance Ruling 7/2025

June 3, 2025

Singapore’s IRAS confirms that pure equity-holding entities meeting economic substance requirements will be exempt from tax on foreign-sourced disposal gains...

Peru ratifies MLI, paving way for tax treaty updates

June 3, 2025

Peru has ratified the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI)...

Ecuador: SRI implements new remittance tax filing rules for card transactions

June 3, 2025

Ecuador’s tax authority now requires annual filings for taxpayers exceeding the foreign currency outflows tax (ISD) exemption on card transactions,...

Bangladesh: Cigarettes to cost more due to hiked taxes, duties in 2025-26 budget

June 3, 2025

Interim govt proposes hiking cigarette taxes to 5% on turnover, 300% on paper. The interim government of Bangladesh has suggested...

Colombia: DIAN extends tax information filing deadlines for TY 2024

June 3, 2025

This extension has been granted due to technical difficulties experienced on the Tax Authority’s website. The Colombian Tax Authority (DIAN)...

OECD report reveals decline in tax revenue relative to GDP in Latin America and the Caribbean

June 2, 2025

The OECD’s 2025 report on Latin America and the Caribbean reveals a slight drop in tax revenue as a share...

Germany deposits notifications for MLI entry into force with Czech Republic and Japan

June 2, 2025

Germany has confirmed completion of its internal procedures for the MLI, enabling its application to tax treaties with the Czech...

Italy to abolish VAT split payment for FTSE MIB firms by July 2025

June 2, 2025

Italy has extended the VAT split payment system until 30 June 2026 for most public sector transactions. From 1 July...