Gabon, Turkey sign income tax treaty
Gabon and Turkey signed an income tax treaty on 3 March 2024. The treaty applies to various Gabonese taxes, including individual income tax, corporate tax, minimum flat-rate tax, supplementary salary tax, special rental property tax, and tax on
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Bahrain ratifies UAE investment protection agreement
Bahrain has ratified the Bahrain-UAE Investment Protection Agreement through Law No. 10/2025 on 10 March 2025, following approval from the Shura Council and Council of Representatives. This announcement was made by Bahrain News agency on 10
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UAE: Ministry of Finance launches accreditation process for e-invoicing service providers
The UAE Ministry of Finance has launched the accreditation process for e-invoicing service providers. Providers wishing to become Accredited Service Providers (ASP) in the UAE can now apply through a dedicated portal, which outlines the process,
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Egypt introduces tax reforms to support SMEs
Egypt has introduced new tax reforms to support small and medium enterprises (SMEs) on 12 February 2025. The reform measures include three new laws: Law No. 5 of 2025: This legislation updates Egypt’s tax system by simplifying compliance,
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Nigeria: House keeps corporate tax at 30% and VAT at 7.5%
Nigeria’s House of Representatives has approved and adopted the recommendations of its Committee on Finance, which retains the value added tax (VAT) rate at 7.5%. The previous proposal was to increase to 12.5%, which was set for 2026. The House
See MoreTurkey revises special consumption tax on selected tobacco products
Turkey’s government has announced changes to the special consumption tax (SCT) rates and fixed tax amounts for certain tobacco products through Presidential Decree No.9583, which was published in the Official Gazette No. 32824 on 15 March
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UAE: FTA issues clarification on amendments to VAT executive regulations
The UAE Federal Tax Authority (FTA) released a VAT Public Clarification VATP040 addressing the amendments to the VAT Executive Regulations on 14 March 2025. This Clarification offers guidance on various rules, including registration,
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Uganda launches new 30% tax payment option for tribunal cases
Uganda Revenue Authority (URA) informs all taxpayers that a new basis for payment has been introduced on the URA web portal (www.ura.go.ug) to cater for payment of 30% tax assessed in respect of matters before the Tax Appeals Tribunal for purposes
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Bahrain, Hong Kong IPA enters into force
The Bahrain - Hong Kong Investment Protection Agreement (2024) will enter into force on 21 March 2025. Hong Kong and Bahrain signed an Investment Protection Agreement (IPA) on 3 March 2024 to strengthen mutual investment protection, with a view
See MoreTurkey raises minimum threshold for VAT refund claim
The government of Turkey has raised the minimum amount for value added tax (VAT) refund claims in cases involving reduced tax rates or exemptions, raising the minimum amount from TRY 2,000 to TRY 10,000. This announcement was published by the
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Saudi Arabia: ZATCA announces 21st e-invoicing integration phase
The Saudi Zakat, Tax, and Customs Authority (ZATCA) has outlined the criteria for the 21st phase of integration under the country’s new E-Invoicing (FATOORA) requirements. This announcement was made by ZATCA on 28 February 2025. This phase
See MoreUAE: FTA urges taxpayers to update records by March ‘25 to avoid penalties
UAE taxpayers must update their tax records by 31 March 2025 to benefit from an extended grace period, during which administrative penalties will be waived. Registrants who have not yet updated their tax records are urged to submit them before the
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Ghana: 2025 budget to ease economic pressures on households, businesses
Ghana's Minister of Finance, Dr. Cassiel Ato Forson, presented the 2025 Budget Statement and Economic Policy on 11 March 2025 outlining tax policies and proposals designed to restore fiscal discipline, boost revenue generation, and ease economic
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UAE: FTA urges natural persons to complete corporate tax registration
The UAE's Federal Tax Authority (FTA) issued a statement on 9 March 2025, urging individuals to register for corporate tax by the end of March 2025. The FTA emphasized that all natural persons subject to Corporate Tax must submit their Tax
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South Africa unveils 2025 budget: Raises VAT and corporate income tax
South Africa's Finance Minister, Enoch Godongwana, presented the 2025 Budget Speech on 12 March 2025. The minister has proposed raising the VAT rate and corporate and personal income taxes. However, no changes to personal income tax rebates or
See MoreUAE: FTA publishes decision No. 2 of 2025 on tax clarifications and directives
The UAE Federal Tax Authority (FTA) has issued Decision No. 2 of 2025, effective from 1 March 2025. The decision updates previous policies on tax clarifications and directives.The decision outlines the process for issuing private and public
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Turkey rejects OECD’s Pillar One Amount B implementation
The Turkish Ministry of Treasury and Finance has issued a formal statement regarding the implementation of Amount B under Pillar One on 7 March 2025, a key component of the OECD/G20 Base Erosion and Profit Shifting (BEPS) framework, developed by the
See MoreBahrain ratifies income tax treaty with UAE
Bahrain has passed the law to ratify the income tax treaty with the UAE on 9 March 2025. Earlier, the Bahrain Council of Representatives approved the ratification of the income tax treaty with the UAE on 3 December 2024. Bahrain’s
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