Bangladesh: Interim Government announces 2025-26 national budget

02 June, 2025

The government’s growth forecast of 5.5% falls below the IMF’s estimate, signalling a shift away from chasing ambitious GDP targets and mega projects. The budget is set at BDT 7,90,000 crore, with a revenue budget of BDT 5,74,000 crore. Bangladesh’s interim government advisory council

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Taiwan clarifies transfer pricing report rules for Tax Year 2024

02 June, 2025

Taiwan’s Ministry of Finance has outlined documentation requirements for 2024 controlled transactions, allowing certain enterprises to submit alternative evidence instead of a full transfer pricing report. Taiwan’s Ministry of Finance has

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Bolivia further extends corporate tax filing deadline

02 June, 2025

The corporate income tax filing deadline has been extended to 20 June 2025.  Bolivia’s tax authorities (SIN) issued Resolution No. 102500000024 on 27 May 2025, announcing that the corporate income tax (IUE) filing deadline for the fiscal year

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Germany deposits notifications for MLI entry into force with Czech Republic and Japan

02 June, 2025

Germany has confirmed completion of its internal procedures for the MLI, enabling its application to tax treaties with the Czech Republic and Japan from 1 January 2026. Germany has deposited its notifications confirming the completion of internal

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US: Trump to double steel and aluminium tariffs to 50%

02 June, 2025

President Trump announced plans to double tariffs on imported steel and aluminum to 50% on 30 May 2025.  US President Donald Trump announced on 30 May 2025 that his administration plans to raise tariffs on imported steel and aluminium from 25%

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UAE clarifies VAT obligations on imported services

02 June, 2025

The UAE’s FTA has clarified the VAT treatment of imported services in Public Clarification VATP044, confirming that taxable persons must account for output tax on such services and may recover input tax if conditions are met. The UAE Federal

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AmCham EU urges resolution on Pillar 2 implementation and coordination with the US tax system

02 June, 2025

AmCham EU urged EU Commissioner Wopke Hoekstra to resolve discussions on Pillar 2 and its alignment with the US tax system in a position paper on 23 May 2025. The American Chamber of Commerce (AmCham) EU released a position paper on 23 May 2025

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Hong Kong issues ruling on corporate treasury centres eligibility for profit tax concessions

02 June, 2025

The Hong Kong Inland Revenue Department (IRD) issued an advance ruling about an applicant's eligibility for the 8.25% concessionary tax rate for qualifying corporate treasury centres, which has been available since 1 April 2016. The Hong Kong

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Singapore: IRAS updates GST concession guide for Singapore-listed REITs and business trusts

02 June, 2025

The Inland Revenue Authority of Singapore has updated its e-Tax Guide to clarify GST concession procedures for listed REITs and Business Trusts, confirming that separate claims statements are no longer required unless requested and extending the

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