UAE updates excise tax on e-smoking, VAT correction rules
The UAE Ministry of State for Financial Affairs issued Ministerial Decision No. 1 of 2025 on 3 January 2025, revising the excise tax framework for electronic smoking devices. This decision, effective from 3 January 2025, replaces Ministerial
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Israel clarifies CbC reporting rules for MNEs
The Israel Tax Authority (ITA) issued Income Tax Circular No. 1/2025 on 11 February 2025, which clarifies amendments to the Income Tax Ordinance. The amendments pertain to transfer pricing and country-by-country (CbC) reporting requirements. The
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Kenya seeks public input on draft 2024 tax rules for unassembled motor vehicles, motorcycles, and trailers
The Commissioner General of the Kenya Revenue Authority (KRA), in a public notice issued on 6 February 2025 on behalf of the Cabinet Secretary for National Treasury and Economic Planning, is inviting public feedback on two draft regulations: the
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Saudi Arabia, Serbia to sign income tax treaty
The Saudi Council of Ministers has granted the Ministry of Finance approval to sign an income tax treaty with Serbia on 11 February 2025. Earlier, Saudi Arabia and Serbia finalized negotiations by initiating an income tax treaty on 8 February
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Turkey issues guide on income tax exemption for content creators and app developers
The Turkey’s Revenue Administration has issued a guide on income tax exemptions for social content creators and mobile app developers operating on online platforms. The guide explains key aspects of the exemption, including eligibility
See MoreTurkey issues new guidelines on electronic product certificates
The Turkish Ministry of Treasury and Finance has released General Communiqué No. 579 on 8 January 2025, amending General Communiqué No. 452 on the Tax Procedure Law (TPL). The amendments introduce expanded documentation and reporting
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Saudi Arabia issues advance pricing agreement guidelines
Saudi Arabia’s Zakat, Tax and Customs Authority has released guidelines for its new advance pricing agreement (APA) regime. According to the guidance from the Zakat, Tax and Customs Authority, the program "will not process Bilateral and
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Kenya: Cabinet approves new tax treaty with Singapore
Kenya's Cabinet has approved a new income tax treaty with Singapore on 11 February 2025. Signed on 23 September 2024, this treaty replaces the 2018 version, which never took effect. The tax treaty aims to eliminate double taxation on income
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Turkey introduces guide on simple method business income taxation
Turkey’s Ministry of Treasury and Finance has released an updated guide on the Simple Method of Taxation for business income, aimed at individuals engaged in business activities under Article 20/A of the Individual Income Tax Law (IITL). This
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UAE publishes details of domestic minimum top-up tax law
The UAE Ministry of Finance has published a copy of Cabinet Decision No. 142 of 2024, detailing the country’s Domestic Minimum Top-up Tax (UAE DMTT) law. The Decision enacted a DMTT for multinational enterprises (MNEs). This measure aligns with
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Nigeria approves 15% tariff hike for Nigerian ports services
Nigeria’s Federal Government in a press release on X has approved a 15% tariff increase on Nigerian Ports Authority (NPA) services. This tariff increase applies to all rates and dues. The NPA explained the 15% upward increase is aimed at the
See MoreTurkey extends deadline for debt restructuring in earthquake-affected regions
Turkey's Ministry of Treasury and Finance has extended the deadline for restructuring public debts under Law No. 7440 to 1 September 2025 for earthquake-affected regions. The first payment is due by 30 September 2025, with subsequent instalments
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Algeria clarifies transfer pricing documentation and asset depreciation rules
Algeria’s Ministry of Finance has issued two key orders: the Order of 15 February 2024, outlining transfer pricing documentation requirements, and the Order of 25 February 2024, setting depreciation periods for fixed assets to calculate taxable
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Belarus and Jordan to negotiate tax treaty
Belarus’s President Alexander Lukashenko has authorised the negotiation and signing of an income tax treaty with Jordan on 11 February 2025. The agreement seeks to eliminate double taxation on income and prevent tax evasion between the two
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Oman, India sign amending protocol to tax treaty
Oman and India signed an amending protocol their existing tax treaty in Muscat, the announcement was made by Foreign Ministry of Oman on 27 January 2024. The protocol aims to strengthen economic ties and enhance cooperation in the tax sector
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South Africa: SARS updates urban development zone allowance guide for 2025
The South African Revenue Service (SARS) has issued an updated Guide to the Urban Development Zone (UDZ) allowance on 17 January 2025. This incentive, introduced in 2003, aims to drive investment in 16 UDZs across 15 inner cities by offering
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Egypt ratifies new income tax treaty with Oman
Egypt issued Decision No. 320 of 2024 in the Official Gazette, ratifying the income tax treaty with Oman on 16 January 2025. The parliament gave its approval to the final draft of the decree on 7 October 2024. Earlier, the Egyptian Cabinet
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Egypt: ETA mandates e-receipts for taxpayers in new regulation
The Egyptian Tax Authority (ETA) announced a new requirement for taxpayers to issue electronic receipts (e-receipts) for transactions with final consumers on 9 January 2025. E-receipts, or electronic receipts, serve as proof of payment and are
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