On 19 June 2017, the cabinet of Bangladesh approved the Double Taxation Agreement (DTA) with Kuwait for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.
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Bangladesh extends corporate tax filing deadline to April 2025
Bangladesh’s National Board of Revenue (NBR) has extended the deadline for companies to submit their income tax returns to 30 April 2025. In Bangladesh, most companies operate with a fiscal year running from July to June, while banks, insurance
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Kuwait updates UBO regulations with stricter penalties and expanded exceptions
Kuwait's Ministry of Commerce and Industry has issued Decision No. 16 of 2025, updating the country's regulations on Ultimate Beneficial Ownership (UBO). This decision builds on Resolution 4/2023, which took effect on 1 April 2023, and introduced
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Japan, Bangladesh hold fourth round of EPA negotiations
The Ministry of Foreign Affairs of Japan announced, on 7 February 2025, that the fourth round of negotiations for an Economic Partnership Agreement (EPA) between Japan and Bangladesh took place in Dhaka from 2 to 6 February 2025, in a hybrid
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UAE: Cabinet approves first income tax treaty with Kuwait
UAE’s Cabinet of Ministers have approved the income tax treaty with Kuwait. The treaty was signed on 11 February 2024. It is the first income tax treaty between the two countries. The agreement seeks to prevent double taxation on
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Bangladesh: NBR further extends income tax return deadlines
Bangladesh’s National Board of Revenue (NBR) has further extended the deadline for filing income tax returns for both individuals and companies yesterday, 30 January 2025. Individual taxpayers now have until 16 February to file their returns
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Kuwait gazettes Pillar Two global minimum tax law for MNEs
Kuwait has adopted OECD's Pillar Two global minimum tax with the publication of Decree No. 157/2024 in the Official Gazette on 30 December 2024. The decree imposes a 15% minimum tax rate on multinational enterprise (MNE) groups that generate over
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