Posts by Abdur Rouf

South Africa: SARS updates guidance on capital gains

March 27, 2025

The South African Revenue Service (SARS) has released updated guidance [ABC of Capital Gains Tax for Individuals (Issue 13) and...

Germany updates guidance on VAT rules for small businesses

March 27, 2025

The German Ministry of Finance has updated its guidance on special VAT rules for small businesses on 18 March 2025....

Costa Rica consults draft resolution for unique tax registry registration

March 27, 2025

The Costa Rican Tax Administration  has initiated a public consultation regarding the draft resolution which outlines updated procedures for taxpayer...

Ukraine expands tax deductions for charitable contributions

March 27, 2025

Ukraine has increased the corporate tax deduction limit for charitable donations from 4% to 8% of a company’s taxable profit...

Saudi Arabia: ZATCA announces criteria for 22nd wave of e-invoicing compliance

March 27, 2025

The Saudi  Zakat, Tax, and Customs Authority (ZATCA) announced on 21 March 2025 the criteria for the 22nd group of...

Turkey: Ministry of Treasury and Finance issues guidance on tax deferral, instalment plans

March 27, 2025

The Turkish Ministry of Treasury and Finance has issued a guide explaining how taxpayers can defer or pay their tax...

Bulgaria: Parliament approves lower VAT registration threshold starting April 2025

March 27, 2025

Bulgaria’s parliament passed the State Budget Bill for the year on 21 March 2025 which includes amendments to the Value...

India to abolish 6% equalisation levy on online advertising from April 2025

March 27, 2025

India is set to remove the 6% equalisation levy on online advertising services starting 1 April 2025, following government approval...

Sweden clarifies scope of MFN clause in tax treaty with South Africa

March 25, 2025

The Swedish Tax Agency released updated guidance on the application of the Most-Favoured-Nation (MFN) clause in the 1995 tax treaty...

Switzerland: Parliament approves tax treaties with Angola and Jordan

March 25, 2025

Switzerland’s Parliament gave its final approval to the income tax treaty with Angola and Jordan on 21 March 2025. The...

Peru advances tax treaty talks with Australia, France, Saudi Arabia, Singapore, UAE

March 25, 2025

The Peruvian Ministry of Economy and Finance announced that it is working to finalise tax treaty negotiations with Australia, France,...

UAE: FTA reminds taxpayers to comply with corporate tax obligations by end of March deadline

March 25, 2025

The UAE Federal Tax Authority (FTA) issued a statement on 19 March 2025, reiterating that if a natural person conducts...

Dominican Republic: DGII consults general rule for tax litigation reduction, payment facilities

March 25, 2025

The Dominican Republic’s Directorate General of Internal Revenue (DGII) has opened a public consultation on a draft general rule for...

UK: HMRC to notify groups affected by Pillar Two taxes

March 25, 2025

The UK tax authority, His Majesty’s Revenue and Customs (HMRC) published Agent Update Issue 129 on 19 March 2025, revising...

Peru, UK sign income and capital gains tax treaty

March 24, 2025

Peru and the UK have signed an income and capital gains tax treaty on 20 March 2025. The agreement seeks...

Switzerland, Zimbabwe sign income tax treaty

March 24, 2025

Swiss federal authorities announced on 19 March 2025 that Switzerland and Zimbabwe signed a new income tax treaty. This will...

Tanzania further extends beneficial ownership information filing deadline

March 24, 2025

The Business Registration and Licensing Agency (BRELA) announced on 10 March 2025 that local companies must submit their beneficial ownership...

South Africa: SARS issues guidance on VAT rate increase starting May

March 24, 2025

The VAT rate in South Africa will increase from 15.0% to 15.5% starting 1 May 2025, with a planned increase...