EU: European Council adopts UN convention on transparency for dispute settlement
The decision will increase public access to documents and hearings and include civil society in investor-state disputes under investment treaties. The Council of the European Union adopted a decision on the conclusion of the United Nations
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Brazil: MoF scraps higher tax on investments made abroad
Finance Ministry dropped plans for a higher tax on overseas investments on Friday, following criticism that it signalled a return to capital controls. Brazil's Finance Ministry dropped a higher transaction tax on overseas investments on Friday,
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Czech Republic, Oman conclude new income and capital tax treaty negotiations
The treaty now awaits formal signing and ratification. Representatives from the Czech Republic and Oman concluded negotiations for a treaty on income and capital taxes on 22 May 2025. The agreement is expected to eliminate double taxation
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Cambodia, UAE conclude third round of tax treaty negotiations
Talks addressed remaining provisions and the UAE’s new corporate tax rules. Officials from Cambodia and the UAE held a third round of talks from 14–16 May 2025 in Phnom Penh to negotiate a double taxation agreement (DTA). The discussions
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Congo, France to begin negotiations for income tax treaty
The Democratic Republic Congo and France are set to hold their first round of negotiations in Paris in early 2025. The Democratic Republic of Congo and France have agreed to begin negotiations for their first income tax treaty, according to a
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Sri Lanka, Vietnam to revise tax and investment treaties
Any resulting protocol will mark the first updates since their original agreements from 2005 and 2009. Sri Lanka and Vietnam have agreed to update their 2005 income tax treaty and 2009 Sri Lanka-Vietnam Investment Protection Agreement on 5 May
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OECD: PCT publishes tax incentives principles
The Principles are intended to support governments in developing the rationale for tax incentives and in strengthening their design, implementation, and evaluation The Platform for Collaboration on Tax (PCT) has released the final version of the
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UK proposes tighter transfer pricing rules, replacing diverted profits tax with new UTPP
The UK government will tighten transfer pricing rules and replace the diverted profits tax with a new corporation tax charge. The government has announced plans to revise the UK's international tax framework, which involves narrowing the
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Bangladesh: Government backtracks dissolution of National Board of Revenue
The government has confirmed that NBR will maintain its operations during the phased implementation of the new Revenue Policy and Revenue Management Ordinance 2025. Bangladesh’s interim government has confirmed that the National Board of
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UAE: Cabinet approves corporate tax exemption for foreign-owned businesses
The Decision expands corporate tax exemption to cover certain foreign entities owned by exempt bodies. The UAE’s Ministry of Finance (MoF) announced the issuance of Cabinet Decision No. (55) of 2025 on Exempting Certain Persons from Corporate
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EU: Council adopts VAT and tax recovery stance in UK trade deal
The Decision replaces Annex I to Decision 4/2023, which outlines standard forms for sharing information and data, exchanging information by using the Common Communication Network, and arranging contact between central liaison offices and liaison
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OECD: Carbon taxes and emissions trading most effective climate policies
The paper examines carbon mitigation policies, their impact on emissions, and methods to measure carbon intensity across sectors. The Organisation for Economic Co-operation and Development (OECD) released a paper titled “The effects of climate
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Netherlands: Tax Administration clarifies domestic withholding exemption may apply to outbound dividends despite treaty ineligibility
The Tax Administration has clarified its position on whether dividends can qualify for a withholding tax exemption under Article 4(2) of the Dividend Withholding Tax Act if they don’t qualify for treaty benefits. The Dutch Tax Administration
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Poland: MoF lowers late payment interest rates
Ministry of Finance updated interest rates for tax arrears and late payments on 16 May 2025. Poland’s Ministry of Finance released the updated interest rates for tax arrears and late payments on 16 May 2025. The standard rate will decrease
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OECD publishes new transfer pricing profiles for Azerbaijan and Pakistan, updates 11 others
The OECD has published updated transfer pricing country profiles for 11 jurisdictions. RegFollower Desk The Organisation for Economic Co-operation and Development (OECD) has released new transfer pricing country profiles for Azerbaijan and
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US: House of Representatives approve ‘One, Big, Beautiful Bill’
The bill makes the 2017 Trump tax cuts permanent, provide tax relief for families and small businesses, and encourage investment and manufacturing in the US. The US House Ways and Means Committee passed the One, Big, Beautiful Bill (Act) by the
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New Zealand announces 2025 budget, introduces tax incentive to boost investment
The budget, announced on 22 May 2025, includes a 20% “investment boost” tax deduction for business assets and changes to KiwiSaver. New Zealand’s Minister of Finance, Nicola Willis, announced the 2025 budget on 22 May 2025, introducing
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US: Taxpayers living, working abroad must file 2024 tax return by June
The IRS is reminding US taxpayers living abroad to file their 2024 federal income tax returns and pay any owed taxes by 16 June 2025. The US Internal Revenue Service has issued IR-2025-61 on 22 May 2025, encouraging US taxpayers living and
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