Nigeria: President approves four new tax reform bills
The new legislation comprises the Nigeria Tax Act, the Nigeria Tax Administration Act, the National Revenue Service (Establishment) Act, and the Joint Revenue Board (Establishment) Act. Nigeria’s President Bola Tinubu has signed four major tax
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Lithuania publishes VAT exemption guidelines for educational services
The Lithuanian tax authorities published a guidance on VAT exemptions applicable for educational and training services. This comprehensive document specifies the VAT exemption criteria for services provided by educational institutions, including
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Bangladesh: IMF proposes 15% VAT on goods and services for businesses over Tk3cr turnoverÂ
On 28 April 2024, Bangladesh’s National Board of Revenue (NBR) announced that the International Monetary Fund (IMF) proposed enforcing a 15% Value Added Tax (VAT) on goods and services from businesses with turnover above Tk3 crore. The IMF also
See MoreAustria: MOF publishes a draft bill for 2018
On 9 April 2018, the Ministry of Finance (MOF) provided a draft bill for an Annual Tax Act 2018 and submitted it for final consideration. With this draft, the EU Anti-Tax Avoidance Directive (ATAD) will be implemented in Austrian domestic law and in
See MoreChina announces tax incentives to promote research and innovations
On 27 December 2016, the General Administration of Customs, the Ministry of Finance and the State Administration of Taxation jointly published a notice to support scientific research and technological innovations. In accordance with the notice, the
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