Posts by Abdur Rouf

Switzerland opens consultation on new FATCA agreement to exchange tax data with US

March 10, 2025

The Swish Federal Council opened a consultation on 7 March 2025 regarding a new FATCA agreement. In the future, Switzerland...

Lithuania considers increasing preferential VAT rate to 12%

March 10, 2025

Lithuanian Prime Minister Gintautas Paluckas has confirmed that the Government is considering increasing the preferential rate of value-added tax (VAT)...

UK companies house and HMRC to terminate combined online filing service

March 10, 2025

The UK Companies House has announced on 6 March 2025  that the joint filing service with HMRC will cease on...

Switzerland: National Council approves tax treaties with Angola and Jordan, amending protocols with Germany and Hungary

March 10, 2025

The Swiss National Council (Nationalrat) approved the ratification of income tax treaties with Angola, Jordan, and amending protocols with Germany,...

UK: Finance Bill 2025 moves to House of Lords for final approval

March 10, 2025

UK’s Finance Bill 2024-25 has now moved to the House of Lords, where it had its first reading on 4...

Singapore: IRAS adds Dominican Republic to CbC reporting exchange list

March 7, 2025

The Inland Revenue Authority of Singapore (IRAS) updated its Country-by-Country Reporting guidance page on 5 March 2025. The update includes...

UK: HMRC opens consultation on inheritance tax changes for trust property

March 7, 2025

The UK tax authority,His Majesty’s Revenue and Customs (HMRC) has launched a consultation on the application of inheritance tax changes...

UK: HMRC updates R&D tax relief guidance on qualifying expenditure and subcontracted activities

March 7, 2025

The UK tax authority, His Majesty’s Revenue and Customs (HMRC) has revised its guidance in the Corporate Intangibles Research and...

UK introduces reserved investor fund with tax-transparent status

March 7, 2025

The UK Government published the final Co-ownership Contractual Schemes (Tax) Regulations 2025 on 25 February 2025, introducing the Reserved Investor...

Thailand updates VAT input tax rules for exporting businesses

March 7, 2025

The Thai Revenue Department (TRD) issued Departmental Instruction No. Paw. 164/2568 on 5 February 2025, updating the input tax allocation...

Egypt introduces tax relief and dispute settlement law

March 7, 2025

The Egyptian Tax Authority (ETA) has introduced Law No. 5 of 2025, effective from 13 February 2025, offering tax relief...

Singapore: IRAS issues ruling on taxability of feeder fund redemption gains

March 7, 2025

Singapore’s Inland Revenue Authority issued Ruling Summary No. 2/2025 regarding the taxability of gains from feeder fund redemption on 3...

UK: HMRC consults on replacing windfall tax with two new models

March 7, 2025

The UK tax authority, His Majesty’s Revenue and Customs (HMRC) has opened a consultation on proposals to replace the windfall...

UK: Treasury releases consultation response on umbrella company compliance

March 7, 2025

The UK Treasury released stakeholder responses to a consultation on tackling non-compliance in the umbrella company market on 4 March...

Turkey issues guide on taxation of capital gains and occasional income

March 7, 2025

The Turkish Ministry of Treasury and Finance has published a “Guide to Taxation of Other Income and Earnings,” outlining the...

Bahrain ratifies income tax treaty with Hong Kong

March 6, 2025

Bahrain ratified the Bahrain-Hong Kong income tax agreement (2024) through Law No. 7/2025, as published in Official Gazette No. 3798...

Slovenia ratifies multilateral exchange agreement on CRS avoidance and opaque offshore structures

March 6, 2025

Slovenia has published the regulation for the ratification of the Multilateral Exchange Agreement on CRS avoidance arrangements and opaque offshore...

Argentina cuts late tax payment interest rates

March 6, 2025

Argentina has reduced late tax payment interest rates and fixed them from 1 March 2025. The compensatory interest rate drops...