Posts by Abdur Rouf

Sri Lanka, Vietnam to revise tax and investment treaties

May 23, 2025

Any resulting protocol will mark the first updates since their original agreements from 2005 and 2009. Sri Lanka and Vietnam...

OECD: PCT publishes tax incentives principles

May 23, 2025

The Principles are intended to support governments in developing the rationale for tax incentives and in strengthening their design, implementation,...

UK proposes tighter transfer pricing rules, replacing diverted profits tax with new UTPP

May 23, 2025

The UK government will tighten transfer pricing rules and replace the diverted profits tax with a new corporation tax charge....

Bangladesh: Government backtracks dissolution of National Board of Revenue

May 23, 2025

The government has confirmed that NBR will maintain its operations during the phased implementation of the new Revenue Policy and...

UAE: Cabinet approves corporate tax exemption for foreign-owned businesses

May 23, 2025

The Decision expands corporate tax exemption to cover certain foreign entities owned by exempt bodies. The UAE’s Ministry of Finance...

Corporate tax, Transfer Pricing, Global Trade, Tax Treaty National Diet Building, Tokyo, Japan.
Japan, Tunisia to sign income tax treaty

May 22, 2025

Representatives from Japan and Tunisia held talks from 4–5 May 2025, negotiating for an income tax treaty to boost cooperation....

Ethiopia, Hungary conclude second round of tax treaty negotiations

May 22, 2025

Representatives from Ethiopia and Hungary met in Addis Ababa for a second round of negotiations for a DTA.  Ethiopia and...

France consults VAT treatment of art, antiques

May 22, 2025

France has launched a public consultation on new VAT rules for art, antiques and collectibles ahead of a reduced 5.5%...

France updates VAT guidelines for composite supplies

May 22, 2025

France updates VAT rules to clarify taxation of mixed goods and services. The French Tax Authorities issued new administrative guidelines...

Peru mandates tax compliance training for microenterprises to avoid penalties

May 22, 2025

Peru now requires microenterprises to complete tax training for a first-time offence under a new law. Peru’s Congress passed Law...

Italy clarifies how VAT applies to secondment under legislative changes

May 22, 2025

Italy’s tax authority clarified that from 1 January 2025, staff secondment reimbursements covering only salary and related costs will be...

New Zealand consults thin capitalisation reforms to attract infrastructure investment

May 22, 2025

New Zealand’s Inland Revenue invites feedback on proposed changes to thin capitalisation rules to encourage foreign investment in private infrastructure...

Kazakhstan introduces new excise tax calculations for fuel

May 21, 2025

Kazakhstan has introduced a new method for calculating excise taxes on gasoline and diesel, effective from 11 May 2025. It...

Taiwan: MoF clarifies tax treatment of employee scholarship expenses

May 21, 2025

Taiwan’s Ministry of Finance released new guidance clarifying the tax implications of scholarship-related expenses on 19 May 2025. A foreign...

UK suspends new FTA negotiations with Israel, to impose sanctions on West Bank settlers

May 21, 2025

The UK Foreign Secretary, David Lammy announced yesterday,  20 May 2025, that the UK government has suspended negotiations for a...

Sweden: Ministry of Finance proposes reduced energy tax on electricity from 2026

May 21, 2025

Sweden’s Ministry of Finance has proposed lowering the energy tax on electricity to öre 41.1 per kilowatt hour on 19...

Japan: Tokyo will not finalise any trade agreement with US that can compromise national interests

May 21, 2025

Japan’s chief trade negotiator, Ryosei Akazawa, said on Monday, 20 May 2025, that Japan continues to negotiate to remove US...

New Zealand drops digital services tax bill

May 21, 2025

New Zealand’s Revenue Minister, Simon Watts, announced on 20 May 2025 that the government has decided to scrap the Digital...