Turkey: Government tightens criteria for simplified business taxation
The simple method allows eligible taxpayers to calculate business income by subtracting expenses from revenue without detailed accounting, provided they meet the participation, rental, turnover, and IIT exemption criteria. Turkey’s government
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South Africa: SARS consults on draft tax exemption guidance
Comments on the draft Note must be submitted by 10 October 2025. The South African Revenue Service (SARS) has initiated a public consultation on a draft interpretation note on the income tax exemption applicable to bodies corporate, share block
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Australia: ATO consults targeted taxpayer relief measures
The consultation is open from 4 September to 2 October 2025. The Australian Taxation Office (ATO) has initiated a public consultation on certain taxpayer relief measures, such as its approach to remission of interest and failure to lodge
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Australia: ATO finalises circumstances under which certain Division 7A notional loan repayments are disregarded
The guidance clarifies when certain Division 7A loan repayments for notional loans are disregarded for private companies. The Australian Taxation Office (ATO) has finalised its position on the circumstances under which certain Division 7A
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France updates shareholder interest deductibility rates
The New maximum deductible interest rates are published for fiscal years ending between 30 June and 29 September 2025. The French tax authority has published new interest rates for determining the deductibility of interest payments to
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Belgium extends deadline for thematic investment deduction certificate filing
The extension is limited to 30 June 2026, except for deadlines within three months of that date, with up to 40% deduction rates for sustainable transition investments. Belgium’s Federal Public Service for Finance has published the royal
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Malaysia: MoF prolongs tax deduction for sustainable investment-linked sukuk until 2027
The special tax deduction extension for Labuan companies applies from the year of assessment (YA) 2024 to YA 2027, as announced in the 2024 budget. Malaysia’s Ministry of Finance has extended the special tax deduction for companies or Labuan
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Turkey sets real estate tax construction costs for 2026
Turkey has set standard construction costs to calculate real estate tax for 2026. Turkey has published General Communiqué No. 87 on Real Estate Tax Law in the Official Gazette on 9 August 2025, setting standard construction costs per square
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Turkey: Government consults scope, application of the reduced corporate tax regime
Turkey has initiated a public consultation on the scope and application of the reduced corporate income tax regime for investments made under an investment incentive certificate issued by the Ministry of Industry and Technology. Turkey’s
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Uruguay clarifies tax deductibility of directors’ fees
The tax administration confirms directors’ fees are fully deductible for corporate income tax, including amounts exempt from social security contributions. Uruguay’s Tax Administration (DGI) issued a clarification on 31 July 2025 confirming
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Hong Kong: IRD revises eligible debt instruments list for profits tax relief
The QDIs listed are mainly composed of debt instruments issued by governments and financial institutions within the Asia-Pacific region, along with a limited number from other issuers. The Hong Kong Inland Revenue Department (IRD) has released
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Colombia: DIAN clarifies dividend withholding for Andean Community holding companies
DIAN rules that dividends to Andean Community holding companies with comparable regimes are exempt from withholding tax, while others remain taxable. Colombia’s tax authority (DIAN) issued Ruling 8935 int 1037 on 10 July 2025, providing
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Austria to leverage AI to recover EUR 354M in 2024 tax revenue
Austria’s finance ministry says AI helped uncover tax fraud, generating an extra EUR 354 million in tax revenue in 2024. Austria’s Ministry of Finance announced on 13 August 2025 that its use of artificial intelligence (AI) helped generate an
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Turkey sets Q2 2025 asset revaluation rate
Turkey’s Revenue Administration has set the asset revaluation rate for the second provisional tax period of 2025 at 9.23%, effective for corporate taxpayers’ provisional tax calculations. The Turkish Revenue Administration published Corporate
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Malaysia: Inland Revenue Board publishes ruling clarifying group relief for resident companies
The ruling confirms the 70% loss surrender limit and introduces a three-year cap for newly established companies, alongside new definitions, examples, and clarifications. The Inland Revenue Board of Malaysia has issued Public Ruling No. 2/2025,
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South Africa: SARS updates interest rate for taxation of low interest loans
SARS will cut the official interest rate for taxing interest-free or low-interest loans from 8.25% to 8.00% on 1 September 2025. The South African Revenue Service (SARS) has updated Table 3 of the official interest rates used for taxing
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Argentina continues tax suspension for non-profits, healthcare sector
The tax suspension is now extended to 31 December 2025. Argentina has issued General Resolution 5736/2025 on 29 July 2025, which extends the suspension of collection lawsuits and enforced collection measures for non-profit entities and healthcare
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Saudi Arabia: ZATCA urges taxpayers to utilise penalty waiver before 31 December deadline
ZATCA’s penalty exemption scheme before it ends on 31 December 2025. Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) has called on taxpayers to benefit from the ongoing penalty exemption scheme before it concludes on 31 December
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