Greece updates tax incentives for family wealth management entities
The new law has halved the minimum annual operating expenditure for family offices from EUR 1 million to EUR 500,000, easing financial entry requirements. Greece has enacted Law 5222/2025, introducing enhanced tax incentives for Special Purpose
See More
Russia introduces 0% corporate tax, other incentives for International Advanced Development Territory
The law will enter into force on 1 January 2026. Russia’s State Duma approved Federal Law No. 518779-8 on 22 July 2025, amending the Tax Code to establish tax and social contribution incentives for residents of the International Advanced
See More
Colombia launches tax incentives for sports investments
The law allows taxpayers to fund recognised sports activities in exchange for tradable income tax credits. Colombia’s Congress has enacted Law 2490-2025, effective 17 July 2025, introducing income tax incentives for individuals and entities
See More
Malta gazettes 2025 audit exemption rules for startups, small companies
Malta introduces new audit exemptions for startups, micro-enterprises, and shipping companies under the Audit Exemption Rules 2025. Malta has gazetted Legal Notice No. 139 of 2025 on 15 July 2025, enacting the audit exemption rules
See More
Germany gazettes law to boost business competitiveness, R&D changes to enter into force next year
Germany has enacted a new investment programme law to enhance its appeal as a competitive business location, with most provisions effective from 19 July 2025 and R&D measures applying from 2026. Germany has published the Act (BGBl. I) in the
See More
Lithuania: Parliament reviews investment incentive for select municipalities
Lithuania plans to reduce taxable profit for companies investing in designated municipalities, allowing up to a 100% deduction on eligible fixed asset costs from 2026. The Lithuanian parliament (Seimas) is reviewing a draft bill proposing a
See More
Lithuania extends corporate income tax exemption for large-scale investment projects
Under the amended Corporate Income Tax (CIT) Law, companies undertaking qualifying projects may receive tax relief for up to 20 tax years. Lithuania has extended its corporate income tax exemption for large-scale investment projects under a new
See More
South Africa: SARS updates urban development zone allowance guide
The UDZ allowance guide offers general guidance on section 13 (quat) of the Income Tax Act and the application of the urban development zone incentive. The South African Revenue Service (SARS) published Issue 10 of its updated Guide to the Urban
See More
Thailand introduces reduced corporate income tax rate to promote SEZ investments
Thailand cuts corporate tax rate to 10% for qualifying businesses in Special Economic Zones for ten years under Royal Decree No. 797 starting 6 June 2025. The Thai Revenue Department has issued Royal Decree No. 797, dated 2 June 2025 and
See More
US: Senate proposes phasing out solar, wind tax credits
The proposal accelerates the expiration of renewable energy subsidies under the 2022 Inflation Reduction Act. A US Senate committee proposed phasing out tax credits for solar and wind energy by 2028 while extending incentives for nuclear,
See More
Switzerland: Basel-City approves tax incentives and R&D fund in referendum
Switzerland’s Basel-City canton approved a referendum on 18 May 2025, introducing tax incentives, R&D grants, an innovation fund, and a new corporate tax structure starting in 2026. Voters in Switzerland’s Basel-City canton approved a
See More
South Africa: SARS outlines SEZ tax benefits for SMMEs to support investment and growth
SARS outlines SEZ tax incentives and licensing rules for SMMEs to support investment and trade. The South African Revenue Service (SARS) published the Traders and Travellers Connect Edition 5 on 9 June 2025, highlighting the benefits of special
See More
Nigeria implements incentives to enhance cost efficiency in upstream petroleum operations
The President signed an incentives program to encourage cost efficiency in upstream petroleum operations, which includes a tax credit of up to 20% of an operator’s annual tax liability. Nigeria's Ministry of Information and National Orientation
See More
Vietnam introduces tax, financial incentives to promote private growth
The National Assembly passed Resolution 198/2025/QH15 on 17 May 2025 introducing the incentives. Vietnam’s National Assembly passed Resolution 198/2025/QH15 on 17 May 2025, introducing various tax and financial incentives to support private
See More
Mexico unveils tax incentives for new economic development zones
Mexico has introduced tax incentives for businesses operating in newly designated SEZs, including full deductions for fixed asset investments and additional relief for spending on training and innovation from 2025 to 2030. Mexico has issued a
See More
Pakistan to offer incentives for US mining investors in tariff negotiations
Pakistan plans mining incentives for US firms, including Balochistan joint ventures, to ease trade talks and avert proposed US tariffs. Pakistan plans to offer investment incentives to US companies in its mining sector as part of ongoing trade
See More
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
See More
Oman introduces 10-year corporate tax exemption for SEZs, FZs
The Sultanate of Oman issued Royal Decree 38/2025, introducing a new law to govern Special Economic Zones (SEZs) and Free Zones (FZs) on 7 April 2025. It grants qualifying businesses a 10-year exemption from corporate income tax, with the
See More