Posts by Abdur Rouf

Taiwan: Ministry of Finance clarifies investment loss recognition rules for bankrupt businesses

April 2, 2025

Taiwan’s Ministry of Finance has announced that profit-seeking enterprises can only recognise investment losses from bankrupt businesses once the court...

Switzerland updates MCAA-CbC participation list, adds Dominican Republic, Trinidad and Tobago, Vietnam

April 2, 2025

The Swiss Official Gazette published Decision No. RO 2025 214 on 28 March 2025 which updates the list of countries...

New Zealand seeks public feedback on proposed fringe benefit tax changes

April 2, 2025

The Inland Revenue of New Zealand  is inviting public feedback on proposed changes to the Fringe Benefit Tax (FBT) rules,...

Bulgaria adopts 2025 Budget Act with tax reforms

April 2, 2025

Bulgaria published its 2025 State Budget Act on 27 March 2025, introducing several key updates. The Act aligns the country’s...

Sri Lanka enacts income tax reforms Act

April 2, 2025

The Sri Lanka Inland Revenue Department (IRD) has released details of the Inland Revenue (Amendment) Act, No. 2 of 2025....

Ukraine issues guidance on CbC reporting for US parent multinationals

April 2, 2025

The State Tax Service of Ukraine issued a guidance letter (No. 1308/IPK/99-00-21-02-03 IPK) on 12 March 2025 regarding the requirement...

Denmark: Business Authority delays OIOUBL 3 e-invoicing release to October 2025

April 2, 2025

The Danish Business Authority has announced that the release of the updated version of the Danish e-invoicing format, OIOUBL 3.0,...

Russia clarifies taxation of foreign companies income from digital assets

April 2, 2025

Russia’s Ministry of Finance has issued  guidance letter No. 03-08-13/114723 on 14 March 2025 clarifying the taxation of foreign companies’...

Corporate tax, Transfer Pricing, Global Trade, Tax Treaty National Diet Building, Tokyo, Japan.
Japan publishes amended tax Laws for 2025 reform in official gazette

April 2, 2025

Japan published the amended laws, Cabinet orders, and ministerial ordinances for the 2025 tax reform in Special Issue No. 8...

Germany introduces revised rules for interest deduction limitations

April 2, 2025

The German Ministry of Finance has released updated guidelines on the interest deduction limits, known as the “interest barrier.” on...

Denmark extends digital bookkeeping to more businesses starting March 2025

April 2, 2025

Denmark introduced executive orders BEK no. 297 and BEK no. 303 on 20  March 2025, extending the digital bookkeeping obligation...

UK: HMRC announces increase in late payment interest rates for unpaid taxes

April 2, 2025

The UK’s tax, payments and customs authority (HMRC) has published a policy paper on 26 March 2025 outlining an increase...

UK: HMRC launches consultation on tax certainty for major projects

April 2, 2025

The UK’s tax, payments and customs authority (HMRC) has initiated a public consultation on 26 March 2025 to gather opinions...

India: CBDT expands transfer pricing safe harbour rules and raises transaction limits for select services

April 2, 2025

India’s Central Board of Direct Taxes (CBDT) issued Notification No. 21/2025 on 25 March 2025, introducing the Income-tax (Sixth Amendment)...

Serbia announces protocol to 2001 DTA with Hungary takes effect

March 27, 2025

The amending protocol to the tax treaty between Serbia and Hungary has entered into force. The Serbian Official Gazette made...

US outlines CAA with Switzerland

March 27, 2025

The US  Internal Revenue Service (IRS) has released Announcement 2025-08, which outlines a competent authority arrangement (CAA) established with Switzerland...

Switzerland: Parliament approves amending protocol to tax treaty with Germany

March 27, 2025

The Swiss parliament granted final approval to the amending protocol to the 1971 income and capital tax treaty with Germany...

Luxembourg unveils action plan to boost start-ups

March 27, 2025

The Luxembourg  Minister of the Economy, SMEs, Energy and Tourism, Lex Delles, and the Minister of Finance, Gilles Roth, jointly...