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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UAE: Cabinet approves protocol to 2011 tax treaty with Switzerland
The UAE Cabinet of Ministers approved the protocol to the 2011 tax treaty with Switzerland on 2 January 2025. Switzerland and the UAE signed a protocol amending the agreement for the avoidance of double taxation (DTA) with respect to taxes on
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Kyrgyz, Ethiopia Finance Ministers meet to strengthen trade relations
A meeting took place in Addis Ababa between the First Deputy Minister of Foreign Affairs of the Kyrgyz Republic, Asein Isaev, and the Minister of Finance of Ethiopia, Ahmed Shide. Asein Isaev provided detailed information on the country's
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UAE introduces domestic minimum top-up tax for multinational enterprises
The UAE Ministry of Finance has announced the issuance of Cabinet Decision No. 142 of 2024 on the introduction of the Top-up Tax for Multinational Enterprises, providing further details on the UAE Domestic Minimum Top-up Tax (UAE DMTT) on 9 December
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Botswana presents 2025-26 FY budget to National Assembly
Botswana’s Ministry of Finance and Economic Development has presented its budget proposals for the 2025-26 fiscal year to the National Assembly on 10 February 2025. Amendments include changes to corporate taxation, VAT and personal
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Angola approves 2025 state budget
Angola’s parliament has approved the General State Budget for 2025 on 30 December 2024, introducing amendments to corporate income tax, VAT and personal income tax. The key tax measures are as follows: Corporate income tax Corporate
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Iraq approves negotiation of first income tax treaty with Oman
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 a double tax agreement (DTA) or double tax avoidance agreement (DTAA), is an agreement between two
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Moldova, Qatar to initiate tax treaty negotiations
Moldova’s Minister of Finance, Victoria Belous, met with Qatar’s Ambassador to Moldova, His Excellency Dr. Turki bin Abdullah Zaid Al-Mahmoud, to discuss ways to strengthen and expand bilateral cooperation. This announcement was made by
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Turkey releases guide on mandatory transaction documentation
Turkey has released a new guide outlining the requirement for taxpayers and non-taxpayers, including end consumers, to document collections and payments exceeding 30,000 TL. These transactions must be recorded through documents issued by banks,
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Egypt: House of Representatives approves amendments to unified tax procedures law
The Egyptian House of Representatives approved a draft law to amend provisions of the Unified Tax Procedures Law (Law No. 206 of 2020) On 26 January 2024,. The amendments allow the Minister of Finance or their representative to negotiate
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Egypt launches tax reform to simplify compliance and support business growth
Egypt’s Ministry of Finance launched a tax reform initiative aimed at simplifying administrative procedures, expanding the taxpayer base, and creating a more supportive environment for businesses. The reforms were developed in collaboration with
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UAE, Russia hold final round of negotiations for DTA
The United Arab Emirates (UAE), represented by the Ministry of Finance, has successfully concluded the final round of negotiations for the Double Taxation Avoidance Agreement (DTA) on income and capital with the Russian Federation. This
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Saudi Arabia, Serbia initiate first income tax treaty
Saudi Arabia and Serbia finalized negotiations by initiating an income tax treaty on 8 February 2024. A tax treaty is a bilateral agreement between two countries aimed at addressing double taxation on both passive and active income for their
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Mauritania, Saudi Arabia income and capital tax treaty enters into force
The income and capital tax treaty between Mauritania and Saudi Arabia entered into force on 1 January 2025. A tax treaty is a bilateral agreement between two countries to address issues related to the double taxation of both passive and active
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UAE: MoF launches public consultation on e-Invoicing data dictionary
The UAE Ministry of Finance (MoF) has launched a public consultation on the data dictionary for electronic invoicing (e-invoicing). The consultation period will remain open until 27 February 2025. It is a structured form of invoice data that
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Nigeria approves 50% telecom tariff increase
The Nigerian Communications Commission (NCC) has approved a 50% increase in telecommunication service tariffs on 20 January 2025. The tariff hike, capped at a maximum of 50% of current tariffs, is a response to the telecommunication operators,
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Kenya issues guide on tax amnesty applications
The Kenya Revenue Authority (KRA) has released a step-by-step guide to help taxpayers navigate the process of applying for the tax amnesty covering tax periods up to 31 December 2023. The tax amnesty offers relief from penalties and interest on
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Saudi Arabia: ZATCA issues guidance on real estate transaction tax for BOOT contracts
The Saudi Arabian Zakat, Tax, and Customs Authority (ZATCA) provided new guidance regarding Real Estate Transaction Tax (RETT) for Build-Own-Operate-Transfer (BOOT) contracts on 25 January 2025. The rules specify that immovable assets such as
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