Draft income tax treaties with Hungary, Sri Lanka and Turkey have been approved by the Iraqi cabinet. The treaties will enter into force after they have been signed and ratified by the contracting states.
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The Inland Revenue Department of Sri Lanka has announced the release of a new guide on Advanced Pricing Agreements (APAs) on 6 January 2025. This guide provides an overview of the APA process in Sri Lanka, including detailed steps, documentation
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Sri Lanka’s Inland Revenue Department has implemented new rules on withholding tax and tax clearance certificates for payments to non-residents, effective from 1 January 2025. The regulations apply to withholding agents and financial institutions
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India and Sri Lanka signed an amending protocol to their 2013 income tax treaty on 16 December 2024. This marks the first revision to the agreement, which will come into force after the exchange of ratification instruments. The treaty was
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Turkey released the Real Estate Tax Law General Communiqué No. 86 on 30 December 2024 in the Official Gazette, which updates the Valuable Housing Tax Brackets for the year 2025. The purpose of this Communiqué is to provide explanations
Read More The Turkish government has announced increased tax penalties effective from 1 January 2025, detailed in General Communiqué No. 577 and published in Official Gazette No. 32768 on 30 December 2024. These adjustments are based on a 43.93%
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The Turkish Official Gazette published Communique No. 53 on 30 December 2024, which outlines changes to the VAT refund threshold subject to the reduced VAT rate for 2025. According to the new regulation, the VAT refund threshold has been
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