Hong Kong proposes global minimum tax implementation in 2026-27 budget 

The Egyptian Ministry of Finance has introduced tax incentives for small businesses under Decision No. 420 of 2025. The decree sets digital application procedures, annual tax returns, and simplified record-keeping.

Turkey’s Tax Administration has released guidance on a 5% tax reduction for compliant taxpayers in 2026. The incentive covers business, agricultural, professional, and most corporate income earners, with a cap of TRY 12 million and eligibility conditions including timely filings, paid taxes, and no serious tax offences.

The Netherlands Ministry of Finance has ruled in favour of thousands of businesses that objected to corporate income tax interest charges dating back to October 2020, following a landmark Supreme Court ruling that struck down the higher interest rate calculation method as disproportionate and unlawful. Tax authorities now have six months to reduce the contested charges in line with the standard rate.

The US Treasury Department and IRS have announced plans to issue proposed regulations under Section 987, aimed at simplifying foreign currency rules for businesses operating through qualified business units with different functional currencies. The forthcoming rules would reduce compliance burdens by offering a simplified calculation method for taxable income and foreign currency gain or loss, narrowing the scope of loss suspension rules, and introducing an election for controlled foreign corporations to limit their Section 987 exposure.

The EU Council has approved a sweeping simplification of corporate sustainability reporting and due diligence rules, scaling back the scope of both the CSRD and CS3D directives to ease the burden on businesses. Under the Omnibus I package, reporting thresholds have been raised significantly, climate transition plan obligations removed, and the CS3D's transposition deadline pushed to July 2028 — with compliance required by July 2029.

Taiwan’s Central District National Taxation Bureau has reminded professionals, including doctors, lawyers, and accountants, to keep accounting books and supporting vouchers. Compliant taxpayers can claim deductions for employee military leave and offset verified losses across multiple businesses.