The UAE Federal Tax Authority issued VAT Public Clarification - VATP039, providing clarification on the treatment of cryptocurrency mining on 13 January 2025. In a case of proof of work, a person can mine crypto currency for his own account, or

The UAE Ministry of Finance has released Ministerial Decision No. 301 of 2024 regarding the oversight of tax groups under the Corporate Tax Law on 9 December 2024. The decision outlines several important areas, such as ownership requirements and

The Cabinet of Ministers of the United Arab Emirates approved for ratification the income tax treaty with Bahrain on 2 January 2025. Earlier, the Bahrain Council of Representatives approved the ratification of the income tax treaty with the

The South African Revenue Service has released the Taxation Laws Amendment Act 2024 which  introduces a new investment allowance for automotive companies investing in the production capacity for electric and hydrogen-powered vehicles in the

The South African Revenue Service (SARS) has lowered interest rates on outstanding taxes and overpayments, effective as of 7 January 2025.  Interest rates charged in terms of the legislation administered by SARS are split into three main

The UAE Ministry of Finance has announced Ministerial Decision No. 302 of 2024 on 10 December 2024, which replaces Decision No. 116 of 2023, revising the regulations concerning the participation exemption as outlined in the Corporate Tax Law. The