Posts by Abdur Rouf

Bangladesh abolishes NBR, forms two new revenue divisions

May 13, 2025

Bangladesh’s President Shahabuddin has promulgated an ordinance dissolving the National Board of Revenue (NBR) yesterday, 12 May, replacing it with...

UK: HMRC cuts late payment, repayment interest rates

May 12, 2025

UK’s tax authority, His Majesty’s Revenue and Customs (HMRC) has announced updated late payment and repayment interest rates in response...

Kazakhstan launches public consultation on tax treaty amendment with Iran

May 12, 2025

Kazakhstan has opened a public consultation on the ratification of a protocol amending its 1996 income and capital tax treaty...

Estonia: Government approves tax treaty with Liechtenstein

May 12, 2025

The Estonian government approved the signing of the income and capital tax treaty with Liechtenstein on 8 May 2025. The...

US: IRS reminds taxpayers and small businesses to look out for scams

May 12, 2025

The US IRS issued a notice urging taxpayers and small businesses to remain alert to potential scams on  8 May...

Italy updates reportable and participating jurisdictions under CRS

May 12, 2025

Italy’s Ministry of Economy and Finance has issued a decree updating the list of jurisdictions considered reportable and participating under...

Portugal extends VAT compliance deadlines due to tax portal disruptions

May 12, 2025

The Portuguese government has extended several VAT compliance deadlines under Order No. 78/2025 – XXIV on 6 May 2025, due...

OECD updates commentary on global anti-base erosion rules

May 12, 2025

The OECD has released an updated Consolidated Commentary on the Global Anti-Base Erosion Model Rules (2025) on 9 May 2025....

Singapore: IRAS issues corporate tax filing guidance for YA 2025

May 12, 2025

The Inland Revenue Authority of Singapore (IRAS) has issued new guidance to assist companies with their obligations for the Corporate...

Ireland issues guidance on new corporate tax exemption for foreign distributions

May 12, 2025

The Irish Revenue Commissioners published Revenue eBrief No. 095/25 on 6 May 2025, which provides guidance on the corporate tax...

Colombia: DIAN confirms temporary taxes to remain in effect despite end of state internal unrest

May 9, 2025

Colombia’s tax authority (DIAN) has confirmed that temporary taxes introduced under Decree 175 of 2025 will remain in effect until...

Dominican Republic: Tax Authority announces inflation adjustments measures for FY2025

May 9, 2025

The Dominican Republic’s Tax Authority (DGII) has issued new inflation adjustment measures for the tax year ending on 31 March...

Mexico mandates select companies must also submit tax status report to National Housing Fund for Workers

May 9, 2025

Mexican taxpayers who are required, or have opted, to submit a tax audit report to the Tax Administration Service (SAT)...

UAE: Federal Tax Authority clarifies reverse charge rules for precious metals, gemstones

May 9, 2025

The UAE Federal Tax Authority has released Public Clarification VATP043 on 30 April 2025, which addresses the application of the...

Oman introduces 10-year corporate tax exemption for SEZs, FZs

May 9, 2025

The Sultanate of Oman issued Royal Decree 38/2025, introducing a new law to govern Special Economic Zones (SEZs) and Free...

UK expands list of tax-exempt government bonds

May 9, 2025

The UK Treasury published Order SI 2025/553 on 6 May 2025, adding more government bonds, also called “gilt-edged securities”, to...

Luxembourg, Curaçao negotiates tax treaty

May 8, 2025

Luxembourg officials met with Curaçao’s Finance Minister Javier Silvania to begin negotiations for a double taxation agreement on 30 April...

Bangladesh to shift tax exemption authority to parliament

May 8, 2025

Bangladesh will introduce a new policy placing full authority for tax exemptions with parliament, removing decision-making power from the government...