Saudi Arabia’s Zakat, Tax, and Customs Authority (ZATCA) has extended the deadline for Zakat payers to apply new regulations for fiscal periods starting before 1 January 2024 to 30 April 2025. The extension was issued in Ministerial Resolution

The Trump Administration has released a memorandum introducing the "Fair and Reciprocal Plan," aimed at reducing the trade deficit and promoting fairness in international trade on 13 February 2025. The letter states that for many years, the

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

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

The US Internal Revenue Service (IRS) has released updated practice units addressing specific issues related to partnerships. As part of the Large Business and International (LB&I) Division’s knowledge management efforts, practice units are

The US Internal Revenue Service (IRS) has updated its practice units on 16 January 2025 to better identify and examine taxpayers who elect partial dispositions of buildings. Identifying a Taxpayer Electing a Partial Disposition of a