Kenya: KRA urges taxpayers to benefit from tax amnest
The Kenya Revenue Authority announced on 3 March 2025 the success of the tax amnesty program for debts accrued up to 31 December 2023 and urges taxpayers to take advantage before the 30 June 2025 deadline. The KRA is offering taxpayers an
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Oman ratifies income tax treaty with Tanzania
Oman has ratified the income tax treaty with Tanzania on 3 March 2025, through Royal Decree No. 25/2025. Earlier, Oman and Tanzania signed a tax treaty in Muscat on 15 December 2024. The agreement was signed by HE Nasser bin Khamis Al Jashmi,
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Oman ratifies income tax treaty with Cyprus
The Sultan of Oman issued a Royal Decree No. (23/2025) announcing the ratification of the income tax treaty with Cyprus on 3 March 2025. The agreement was signed on behalf of the Government of Oman by Nasser Khamis Al Jashmi, Chairman of the Tax
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UAE: FTA releases FAQs to clarify domestic minimum top-up tax
The UAE Federal Tax Authority has released a list of Frequently Asked Questions (FAQs) on its Domestic Minimum Top-up Tax (DMTT) webpage to clarify the new legislation. Here are the key questions addressed: Has the OECD reviewed the legislation
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Tanzania, Turkey wrap up second round of tax treaty talks
The second round of negotiations regarding the conclusion of a double taxation avoidance agreement between Turkey and Tanzania was held in Dar es Salaam on 17 - 20 February 2025. This announcement was made by Turkey's Revenue Administration on 27
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Qatar ratifies income tax treaty with Saudi Arabia
Qatar issued Decree No.1 of 2025, approving the ratification of its income tax treaty with Saudi Arabia on 13 February 2025. Earlier, Qatar and Saudi Arabia signed an income tax treaty on Thursday, 30 May 2024. The treaty, a first of its kind
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Egypt enacts tax incentives for SMEs for 2025
Egypt's Parliament published Law No. 6 of 2025 on 12 February 2025, introducing tax incentives for small enterprises as part of a broader tax reform. Effective 1 March 2025, the law applies to businesses with an annual turnover of up to EGP 20
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Turkey Publishes tax guide on donations and aid
The Turkish Revenue Administration has issued a new " Guide on Donations and Aids in Terms of Tax Legislation ", providing detailed guidance on the tax treatment of donations. It covers both in-kind and cash donations, the specific entities
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Israel seeks input on local R&D centres and IP valuations
Israel’s tax authority (ITA) released a draft Tax Circular on 27 February 2025 for public comment. The circular outlines criteria and requirements for local R&D centres and post-acquisition IP sales, offering potential certainty from the
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Saudi Arabia releases draft real estate transaction tax regulations for public consultation
The Saudi Arabian Zakat, Tax, and Customs Authority (ZATCA) has released the draft regulations for the Real Estate Transaction Tax (RETT) for public consultation on 15 February 2025. The draft regulations update the rules for real estate
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Nigeria to launch pilot phase of e-invoicing system
Nigeria’s Federal Inland Revenue Service (FIRS) has initiated a stakeholder engagement on 18 February 2025 with large taxpayer groups to prepare for the upcoming pilot phase of the Merchant Buyer Solution, an e-invoicing system scheduled to launch
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Qatar launches six month tax penalty exemption initiative
The General Tax Authority of Qatar has announced the launch of a 100% financial penalty exemption initiative, effective from 1 March 2025. Running for six months, this initiative aims to offer relief to taxpayers, reflecting the Authority's
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Saudi Arabia introduces beneficial ownership reporting rules
Saudi Arabia’s Ministry of Commerce has announced new beneficial ownership reporting requirements, effective from 3 April 2025, as part of the country’s updated Commercial Registry system. The regulations aim to enhance corporate transparency,
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Iraq, Oman finalise tax treaty negotiations
Iraq and Oman finalised negotiations by initialling an income tax treaty on 21 February 2025. Earlier, the Iraq Council of Ministers has approved the negotiation of an income tax treaty with Oman on 28 January 2025. A tax treaty, also known as
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Israel proposes withholding tax on digital asset transactions
Israel’s government proposed draft regulations on 21 November 2024 to impose withholding tax on digital asset transactions, including cryptocurrencies, tokens, and non-fungible tokens (NFTs). A recent ministerial memorandum clarified that
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Bahrain ratifies investment protection agreement with Hong Kong
Bahrain has ratified the Bahrain-Hong Kong Investment Protection Agreement (2024) through Law No. 6/2025 on 13 February 2025. The ratification was published in Official Gazette No. 3795 on the same date. The agreement aims to bolster mutual
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Czech Republic, Iraq finalise income tax treaty
Iraq’s new agency announced in a release that officials from the Czech Republic and Iraq met on 13 February 2025 to discuss bilateral cooperation, including plans to finalise an income tax treaty. The tax treaty aims to eliminate double
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Czech Republic, Gabon begin new tax treaty talks
The Czech Republic and Gabon officials resumed negotiations for an income tax treaty on 18 February 2025. The first round of the new tax treaty negotiations are expected to continue until 21 February 2025. The income treaty aims to prevent
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