Turkey clarifies amendments to VAT law, seeks public feedback
The Turkish government has released a draft Communiqué detailing the amendments to VAT under Law No. 7524.The draft Communiqué (Serial No: 52) outlines the procedures and principles for implementing amendments to the Value Added Tax Law No. 3065,
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Saudi Arabia issues fees rules on customs services provided at ports
The Zakat, Tax and Customs Authority (ZATCA) has announced the issuance of a decision by its Board of Directors regarding the Fee Rules on Customs Services, which includes specifying the fees on customs services provided by ZATCA and the conditions
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Ghana introduces phase two of VAT e-invoicing
The Ghana Revenue Authority (GRA) released a public notice regarding the implementation of the second phase of the Electronic VAT Invoicing System. The system is expected to assist businesses and the tax authority in obtaining real-time monitoring
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Nigeria imposes levy on electronic money transfers
Nigeria's Federal Inland Revenue Service (FIRS) will implement an electronic money transfer levy of NGN 50 on transfers of NGN 10,000 and above, starting 9 September 2024. Introduced in the Finance Act 2020 and regulated in late 2021, the levy
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Saudi Arabia issues fees rules on customs services provided at ports
The Saudi Arabian Zakat, Tax and Customs Authority (ZATCA) has announced the issuance of a decision by its Board of Directors regarding the Fee Rules on Customs Services, which includes specifying the fees on customs services provided by ZATCA and
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South Africa: SARS issues interpretation note 15 (Issue 6) on extending objection and appeal deadlines
The South African Revenue Service (SARS) has issued INTERPRETATION NOTE 15 (Issue 6) on 30 August 2024. This Note provides guidance on the considerations that a senior SARS official will take into account when exercising a discretion to extend the
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Tax treaty between Sierra Leone and Turkey enter into force
The income tax treaty between Sierra Leone and Turkey officially took effect on 25 March 2024, as confirmed by Presidential Decision No. 8943, which appeared in the Turkish Official Gazette on 7 September 2024. This treaty, signed on 3 November
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Nigeria proposes VAT rate hike, reduction of VAT on essentials
Taiwo Oyedele, the Chairman of the Presidential Fiscal Policy and Tax Reforms Committee stated on 5 September 2024 that the committee proposes the elimination or reduction of VAT on essential items like food, housing, and public
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UAE urges juridical licensees to register for corporate tax by September 2024
The UAE Federal Tax Authority (FTA) has announced that entities licensed in July must submit their Corporate Tax registration applications by 30 September 2024 to avoid Administrative Penalties. In a press statement issued today, the FTA advised
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Norway, Qatar sign amending protocol to tax treaty
On 4 September 2024, Norway and Qatar signed an amending protocol to the 2009 Norway—Qatar Income Tax Treaty. This tax treaty aims to prevent double taxation and avoid fiscal evasion regarding taxes on income between the two countries. The
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Austria approves negotiation of income tax treaty with Libya
The Austrian Council of Ministers has approved the negotiation of an income tax treaty with Libya on 4 September 2024. A tax treaty is a bilateral agreement between two countries designed to address double taxation on both passive and active
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South Africa releases guide on revised tax rates and levies
The South African Revenue Service (SARS) released an updated version of the Guide for Tax Rates/Duties/Levies (Issue 17) on 29 August 2024. This guide compiles current and historical insights into the various taxes, duties, and levies collected by
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Angola, EU sustainable investment agreement takes effect
The EU-Angola Sustainable Investment Facilitation Agreement (SIFA) entered into force on 1 September 2024. On 18 November 2022, the EU and Angola concluded negotiations on the SIFA. The agreement was signed on 17 November 2023 in Luanda,
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Saudi Arabia: ZATCA sets criteria for 15th e-invoicing phase; compliance starts 1 March 2025
Saudi Arabian Zakat, Tax and Customs Authority (ZATCA) announced the criteria for the 15th group of taxpayers who must adhere to the second phase of the e-invoicing system implementation on 30 August 2024. This initiative is part of ZATCA's efforts
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Turkey extends Q2 2024 provisional tax return deadline, eases inflation adjustment rules
Turkey's Revenue Administration announced the publication of Tax Procedure Law Circular No. 173 of 29 August 2024. This extends the tax return submission and payment deadline for the income and corporate provisional tax returns for the second
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Ghana negotiates tax treaties with Hungary, Israel, UAE, Korea, Egypt
Ghana announced that it is negotiating to establish income tax treaties with Hungary, Israel, UAE, Korea, and Egypt. Daniel Nuer, Head of the Tax Policy Unit at Ghana's Ministry of Finance, revealed that the Ministry plans to implement
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Israel: Central Bank won’t cut interest rates again in 2024
Andrew Abir, Deputy Governor of the Bank of Israel, said that the central bank will not reduce short-term interest rates in its final two policy meetings in 2024 on Wednesday, 28 August. The Governor said that this decision was taken due to
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Saudi Arabia consults proposed amendments to VAT implementation regulations
Saudi Arabia Zakat, Tax and Customs Authority (ZATCA) announced proposed amendments to the VAT Implementation Regulations on 28 August 2024, now open for public consultation until 17 September 2024. The proposed changes aim to align Saudi tax
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