Korea (Rep): Ministry of Economy and Finance unveils tax incentives to boost domestic investment, FX stability
The Korea (Rep)’s Ministry of Economy and Finance announced tax support measures for domestic investment and foreign exchange (FX) stability, aimed at promoting the revitalisation of the domestic capital market and addressing structural
See More
Italy: Senate approves 2026 budget, increases taxes on banks
Italy’s government secured a decisive vote of confidence in the Senate on 30 December 2025 for its 2026 budget, winning 113 votes to 70, keeping it on track for final approval by parliament before year-end. The budget now moves to the lower
See More
Cyprus: Parliament passes tax reform package, introduces 120% R&D deductions
The Cyprus parliament passed a major tax reform package on 22 December 2025, introducing higher corporate taxation, expanded personal tax relief, new rules for crypto-asset income, and strengthened compliance mechanisms, alongside targeted
See More
Taiwan: MoF clarifies profit-seeking enterprises tax return attachmentsÂ
Taiwan’s Ministry of Finance, in a notice on 23 December 2025, explained that profit-seeking enterprises with a special fiscal year that file profit-seeking enterprise income tax returns shall, except for those exempted from submitting tax return
See More
Finland: Parliament adopts budget for 2026
Finland’s parliament concluded its deliberations and voting on the 2026 Budget on 19 December 2025. The key tax measures, including the reduced corporate tax rates and the 2026 income tax schedule, have been adopted. The single reading of the
See More
Denmark: Parliament approves EV tax relief
Denmark’s Parliament has passed two bills introducing tax measures to support electric vehicles (EVs), taking effect on 1 January 2026. Bill L 79 A delays the increase in registration tax for zero-emission vehicles. The tax-free threshold
See MoreTaiwan: MoF outlines tax incentives for smart machinery, 5G, cybersecurity, ai, green investments
Taiwan’s Taipei National Taxation Bureau of the Ministry of Finance has issued guidance on claiming tax credits for investments in smart machinery, 5G systems, cybersecurity, and artificial intelligence solutions, as well as energy-saving and
See More
Hungary enacts 2026 autumn tax reforms, additional measures
Hungary has enacted several significant tax measures through legislative acts to reduce administrative burdens, promote business investment, and align domestic rules with EU directives. The measures are scheduled to take effect in 2026 unless
See More
Chile: Congress grants tax incentive to boost green hydrogen, related industries
Chile’s Chamber of Deputies (the lower house of Congress) approved a bill on 3 December 2025 during session No. 98a/373, as noted in Bulletin No. 17777-05. The legislation, proposed by the Executive Branch, aims to introduce tax incentives to
See More
Uzbekistan outlines 2026–28 budget and fiscal plan, proposes higher corporate income tax
Uzbekistan's Ministry of Economy and Finance has announced the Budget and Tax Policy for 2026 to 2028 on 26 November 2025. A cornerstone of the forthcoming tax strategy is the consistency of the primary ad valorem tax rates, providing
See More
Thailand: Cabinet approves tax incentives for energy-saving equipment, solar rooftops
According to a Revenue Department release, the Thai Cabinet approved a draft royal decree on 25 November 2025 that introduces tax incentives for energy-efficient machinery, equipment, and materials, as well as for residential solar rooftop
See More
Australia enacts stricter beneficial ownership rules, extends tax incentives for small businesses
The Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Bill 2025 cleared both chambers of the Australian Parliament on 27 November 2025, without any changes to the version initially introduced. The final steps before it
See More
Zimbabwe: Government announces 2026 budget, proposes digital services withholding tax
Zimbabwe’s Ministry of Finance, Economic Development, and Investment Promotion (MoFEDIP) has presented the 2026 national budget to the Parliament on 27 November 2025, proposing higher VAT rates and digital service withholding taxes. The
See More
Brazil: Congress passes new tax incentives for chemical sector
Brazil’s Federal Senate has approved Bill 892/2025 on 18 November 2025, establishing the Special Sustainability Programme for the Chemical Industry (PRESIQ) and amending the existing Special Regime for the Chemical Industry (REIQ). The bill
See More
OECD: R&D tax incentives lower corporate tax burdens by 35%
The OECD, in a release on 25 November 2025, reported the Income-based tax incentives for R&D and innovation (IBTIs) feature in the innovation policy toolbox of most OECD countries and other major economies. Income-based tax incentives (IBTIs)
See More
Lithuania: Tax authorities approve long term corporate tax incentives
Lithuania’s tax authorities have published a commentary on 18 November 2025, detailing how legal entities undertaking major manufacturing or data-service investments may qualify for a corporate income tax (PMĮ) exemption lasting up to 20
See More
US: Treasury, IRS issue interim guidance on tax benefit for lenders on farm and rural property loans under the One Big Beautiful Bill, initiates public consultations for final draft
The US Department of the Treasury and the Internal Revenue Service issued guidance on 20 November 2025 for a new tax benefit for certain lenders that make loans secured by rural or agricultural real property. Notice 2025-71 provides interim
See More
Hungary: Parliament proposes tax measures to ease business taxesÂ
The Hungarian National Assembly is reviewing Bill T/13110, which aims to reduce the tax burden on businesses by introducing a range of changes to tax rules and thresholds. This legislative package, titled "Measures to Reduce the Tax Burden on
See More