Posts by Abdur Rouf

Turkey raises foreign exchange conversion support rate for businesses

May 8, 2025

Turkiye has raised the foreign exchange (FX) conversion support rate for companies converting foreign currency into Turkish lira (TRY) from...

Uruguay extends VAT relief for tourism sector

May 8, 2025

Uruguay published Decree No. 93/025 on 28 April 2025, extending the temporary value-added tax (VAT) reduction for certain tourism-related services...

France updates list of non-cooperative tax jurisdictions, removes Bahamas, Belize, Seychelles

May 8, 2025

France issued a decree on 18 April 2025, published in the Official Gazette on 7 May 2025, updating its list...

Saudi Arabia: ZATCA urges taxpayers to utilise fine exemption initiative again

May 8, 2025

The Saudi Zakat, Tax and Customs Authority (ZATCA) has urged all taxpayers to leverage from the “Cancellation of Fines and...

Austria updates CRS reporting jurisdictions list

May 8, 2025

Austria has released an updated Ordinance, effective from 1 May 2025, with new lists of participating and reportable jurisdictions for...

Russia suspends late filing VAT return filing penalties for business using simplified tax regime

May 8, 2025

Russia, on 25 April 2025, temporarily suspended penalties for late VAT return submissions in 2025 for businesses using the simplified...

Greece updates CbC report exchange list for 2023 under MCAA

May 7, 2025

Greece published Decision No. A 1056 in the Official Gazette on 30 April 2025, updating the list of jurisdictions participating...

Greece, UAE renew double taxation avoidance agreement

May 7, 2025

Greece and the UAE have agreed to update and renew their 2010 tax treaty.  Greek Prime Minister Kyriakos Mitsotakis met...

UAE: FTA clarifies corporate tax exemptions of investors in REITs as a qualified fund

May 7, 2025

The UAE’s Federal Tax Authority (FTA) has issued a new public clarification regarding Corporate Tax on the tax treatment of...

Germany extends deadline for single use plastics reporting

May 7, 2025

The German Environment Agency (UBA) has extended the deadline for manufacturers to submit their 2024 quantity reports to 15 June...

Spain updates Basque Economic Agreement to implement OECD’s Pillar Two global minimum tax

May 7, 2025

Spain published Law No. 3/2025 in its Official Gazette on 29 April 2025, updating the Economic Agreement with the Basque...

Singapore: IRAS updates corporate tax calculators for AY 2025

May 7, 2025

The Inland Revenue Authority of Singapore (IRAS) has updated its webpage for preparing tax computations by publishing two Basic Corporate...

Taiwan extends 2024 annual corporate tax return, investment incentive application deadlines

May 7, 2025

Taiwan’s deadline for filing and paying the 2024 annual tax return has been extended from 31 May to 30 June...

Lithuania tightens DAC7 rules for platform operators and cross-border data exchange

May 6, 2025

Lithuania’s State Tax Inspectorate has amended Order No. VA-95 to align with the EU’s DAC7 Directive on 23 April 2025....

France delays VAT exemption threshold cut to 2026 after consultations

May 6, 2025

The French government has postponed the planned reduction of the domestic VAT exemption threshold for small businesses until 2026, following...

Ukraine: Government approves draft law on international exchange of information for income earned via digital platforms

May 6, 2025

The Ukrainian government approved a draft law introducing new rules for reporting and exchanging information on income earned through digital...

South Africa: SARS lowers interest rates on unpaid taxes and overpaid amounts

May 6, 2025

The South African Revenue Service (SARS) has released updated interest rate tables effective from 1 May 2025. Interest rates charged...

UAE issues VAT guidance on valuation of barter transactions

May 6, 2025

The UAE Federal Tax Authority issued VAT Public Clarification VATP042, providing guidance on determining the value of supply in barter...