UN Tax Committee: Extractive Industries Taxation
On 25 March 2025 the Subcommittee on the Extractive Industries taxation presented to the UN Tax Committee a draft supplement to Chapter 5 (tax incentives) of the UN Handbook on Selected Issues for Taxation of the Extractive Industries; draft
See More
Australia: Hydrogen, critical minerals tax incentives enter into force in April 2025
The hydrogen production tax incentive (HPTI) and critical minerals production tax incentive (CMPTI), introduced under the Future Made in Australia (Production Tax Credits and Other Measures) Act 2025, which was passed on 11 February 2025, will take
See More
Albania extends tax incentives for tourism sector
Albania has introduced amendments to its tax incentive programme for the tourism sector, particularly for high-end accommodation facilities. These changes were enacted through Law No. 9/2025 and published in the Official Gazette on 26 February
See More
Korea (Rep): National Assembly approves K-Chips Act, expands tax incentives for semiconductor industry
The National Assembly of Korea (Rep.) approved a bill designed to support the semiconductor industry by offering increased tax incentives to chipmakers on Thursday, 27 February 2025. The updated Act on Restriction of Special Taxation, known as
See More
EU Commission to recommend tax incentives for clean-tech sectorÂ
The European Commission (EC) released the "Communication on a Clean Industrial Deal" on 26 February 2025, confirming the EU’s climate goals by offering clear business incentives for industry to decarbonise within Europe. The focus will be
See More
Hong Kong announces 2025-26 budget, proposes reducing profits tax amongst other measures
Hong Kong Financial Secretary Paul Chan delivered the 2025-26 budget on 26 February 2025, which included various tax measures such as reducing profits tax, salaries tax and tax under personal assessment; raising the maximum value of properties
See More
Greece clarifies fuel tax exemption for cruise ships without passengers
Greece's tax authority issued Circular E 2012/2025 to clarify fuel tax exemptions for professional cruise ships moving without passengers on 17 February 2025. The exemption applies in two cases: when a ship relocates between ports for the start
See More
Kazakhstan establishes new Special Economic Zone in Aktobe
Kazakhstan has established a new Special Economic Zone (SEZ) in Aktobe, set to operate until 31 December 2049. Under this initiative, companies involved in qualifying activities within the SEZ can benefit from up to 100% reductions in corporate
See MoreAustralia plans to increase tax incentives for alcohol producers
Australia’s federal government has announced plans to enhance tax incentives for brewers, distillers, and wine producers starting 1 July 2026. Currently, brewers and distillers get a full refund for any excise paid up to AUD 350,000 each year.
See More
UK unveils tax relief and incentives for film and TV industry
The UK HM Treasury has announced new tax incentives to support the film and television industry, including business rates relief for studios and enhanced credits for production costs on 16 February 2025. Film studios are to receive business rates
See More
Brazil releases guidance on extended tax benefits for industrialised goods
Brazil’s Federal Revenue Service has issued guidance on extended tax benefits for the tax on industrialised/manufactured products (IPI) on 25 November 2024. The extension is applicable to companies investing in R&D in the north, northeast,
See More
Australia: ATO issues guidance on critical minerals and hydrogen tax incentives
The Australian Taxation Office (ATO) has released a guidance on how to claim the Critical Minerals Production Tax Incentive and the Hydrogen Production Tax Incentive on 21 February 2025. Critical Minerals Production Tax Incentive How to claim
See More
World Bank: Survey of Corporate Tax Incentives for Green Growth
A World Bank blog published on 13 February 2025, written by Hania Kronfol, Eduardo Antonio and Jimenez Sandoval, assesses the use of corporate tax incentives to encourage environmentally friendly investment. The blog refers to a World Bank
See MoreAustralia: Parliament passes tax incentives for hydrogen, critical minerals production
Australia’s House of Representatives has approved the Future Made in Australia (Production Tax Credits and Other Measures) Bill 2024 on 11 February 2025. Earlier, the bill was passed by the Senate, meaning the legislation has passed both
See MoreAustralia: Senate passes tax incentives for hydrogen, critical minerals production
Australia’s Senate has passed the Future Made in Australia (Production Tax Credits and Other Measures) Bill 2024 with amendments, proposes refundable tax offsets for hydrogen and critical minerals production while empowering Indigenous Business
See More
Malta: Government extends property tax incentives for 2025
The Maltese government has extended key property tax incentives until 31 December 2025, supporting homebuyers, family businesses, and urban conservation efforts. First-time buyers will continue to benefit from duty exemptions, while second-time
See More
Denmark introduces Green Investment Window, allows more than 100% expense deductions for eligible investments
Denmark's newly agreed framework for the Green Investment Window is a step toward strengthening Danish businesses in their shift toward a more sustainable economy. Under this agreement, companies investing in climate-friendly production between 1
See More
Dominican Republic extends agricultural tax exemptions for 2025
The Dominican Republic's Directorate General of Internal Revenue (DGII) has issued General Rule No. 01-2025, on 24 January 2025, extending tax exemptions for the agricultural sector through 2025. These exemptions, originally outlined in General
See More