Bangladesh: IMF proposes 15% VAT on goods and services for businesses over Tk3cr turnover 

April 29, 2024

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 proposed that the NBR abolish the reduced tax

Read More

Poland announces new deadlines for e-invoicing

April 28, 2024

On 26 April 2024, Poland’s Ministry of Finance and the National Tax Administration declared revised deadlines for the phased rollout of the National e-Invoice System (KSeF) after the conclusion of an external audit. The e-invoicing mandate will be

Read More

US: IRS issues final guidance on credit transfers for cash payments under inflation reduction act

April 27, 2024

On 25 April 2024, the US Internal Revenue Service (IRS) released the final guidance (regulations) for the transfer of eligible credits under the Inflation Reduction Act of 2022 (IRA) in a taxable year, including specific rules for partnerships and S

Read More

Australia proposes laws on interest limits, foreign investment fees, and taxation for general insurers

April 26, 2024

The Australian Parliament has recently approved the following bills, which are awaiting Royal Assent. The bills are as follows: The Treasury Laws Amendment (Making Multinationals Pay Their Fair Share—Integrity and Transparency) Bill of 2023

Read More

Chile passes tax compliance bill with updated GAAR rules

April 25, 2024

On 10 April 2024, Chile's Chamber of Deputies passed the Tax Compliance Bill, which includes numerous tax measures aimed at improving tax compliance in Chile. The newly approved Bill also changes the Chilean tax code. The Senate must approve the

Read More

Bolivia extends deadline for corporate tax filings and statements

April 23, 2024

On 19 April 2024, Bolivia’s tax authority announced a new directive—RND No. 102400000011, in which it clarified the extension of the deadline for the submission of various reports and statements related to corporate income tax (Impuesto sobre

Read More

Australia: ATO updates trust tax returns and private rulings forms

April 18, 2024

On 12 April 2024, the Australian Taxation Office (ATO) issued a guide detailing the upcoming modifications to the annual tax return form for trust income reporting, effective from 1 July 2024. ATO also announced updating its application forms for

Read More

Japan: Parliament approves comprehensive tax reform package 2024

April 17, 2024

On 28 March 2024, Japan's National parliament (Diet) approved the 2024 tax reform legislation. The legislation includes several significant measures aimed at economic stimulation and fiscal adjustment. The reform package encompasses multiple tax

Read More

Bolivia updates export tax refund regulations

April 15, 2024

On 10 April 2024, Bolivia announced Supreme Decree No. 5145, which introduces a new modality of export tax refund. The Decree aims to streamline the process of submitting tax refund requests. The key aspects of the Decree are: The deadline

Read More

Corporate Tax

Transfer Pricing

Most Read