Singapore: Parliament reviews Finance (Income Tax) Bill 2025, includes new corporate tax relief measures
This legislation proposes numerous amendments to the Income Tax Act (ITA) and the Multinational Enterprise (Minimum Tax) Act (MMTA). Singapore's Parliament is reviewing the Finance (Income Taxes) Bill 2025, which had its first reading on 14
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Hungary: NAV Issues draft minimum top-up tax prepayment form
The draft 24GLBADO form is required for reporting and paying the QDMTT advance under the country’s implementation of Pillar 2 global minimum tax rules. Hungary's National Tax and Customs Administration (NAV) has introduced a draft version of
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Italy: MoF issues decree on Pillar 2 reporting, DAC9 compliance
Italy’s Ministry of Finance issued a decree for implementing Pillar 2 global minimum tax reporting obligations and the EU DAC9 Directive, aligned with OECD guidance. Italy’s Deputy Minister of Economy and Finance has signed a decree on 17
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Brazil: Federal Revenue Service amends QDMTT rules
Brazil’s Federal Revenue Service issued Normative Instruction 2282 on 3 October 2025, updating rules for the additional CSLL to align with OECD GloBE standards and confirming its status as a qualified domestic minimum top-up tax effective from
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Tunisia: Government presents 2026 draft finance law, includes measures to support small and medium enterprises
The draft finance law proposes an amount of TND 10 million dedicated to financing the needs of small and medium enterprises. Tunisia’s government has presented the draft Finance Law for 2026 in the Parliament on 14 October 2025. The bill
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Taiwan clarifies calculation of deductible foreign tax credits
Ministry of Finance clarified how businesses could calculate deductible foreign tax credits on income earned at home and abroad. Taiwan’s Ministry of Finance released guidance on 14 October 2025 on properly calculating deductible foreign tax
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Ethiopia: MoF announces 2025-26 budget, includes alternative minimum tax
Ethiopia's 2025–26 budget introduces major tax reforms, including an alternative minimum tax, revised personal and business income tax rates, digital economy taxation, withholding rules, cash transaction limits, and new measures for corporate
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Singapore: IRAS reminds companies to file 2025 CIT ahead of November deadline
IRAS reminded companies of their YA 2025 Corporate Income Tax filing obligations, outlining penalties for late submissions and available support resources. The Inland Revenue Authority of Singapore (IRAS) issued a notice on 16 October 2025
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Norway: Government presents 2026 Budget Bill, corporate income tax to remain at current levels
The 2026 Budget Bill prioritises welfare, health, defence, reducing electric car subsidies, cutting income and electricity taxes to boost purchasing power, and closing tax loopholes. Norway’s government has presented its proposal for the state
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UK updates Pillar 2 jurisdiction list
HMRC issued an updated Notice 2 expanding the list of territories and qualifying domestic top-up taxes recognised under the Multinational Top-up Tax Regulations 2025. The UK’s HM Revenue & Customs (HMRC) released a revised Notice 2
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Lithuania: Government approves draft order for crypto-asset service providers, financial institutions under DAC8
Lithuania approved DAC8 rules imposing new reporting and due diligence obligations on crypto-asset providers and financial institutions from January 2026. The Lithuanian government has approved a draft order implementing Council Directive (EU)
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Pakistan: FBR extends 2025 income tax return deadline
FBR extended the Tax Year 2025 corporate income tax return filing deadline to 31 October 2025, after earlier pushing it to 15 October. Pakistan’s Federal Board of Revenue (FBR) announced on 15 October 2025, that the deadline for filing of
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Greece: IAPR clarifies tax incentives for corporate reorganisations
IAPR issued Circular E.2088/2025 on 10 October 2025, detailing rules for the new corporate reorganisation tax incentives. Greece’s Independent Authority for Public Revenue (IAPR) has released a Circular E.2088/2025 on 10 October 2025, outlining
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Slovak Republic: MoF publishes updated corporate tax return forms for 2026
The updated return forms must be used for filings with deadlines after 31 December 2025, while the 2024 forms remain for deadlines on or before that date. The Slovak Republic’s Ministry of Finance has published the updated corporate income tax
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Poland: Council of Ministers broadens withholding tax relief for foreign investors, pension funds to align with EU rules
The amendment adapts Poland’s CIT regulations to the rulings of the CJEU concerning investment and pension funds. Poland’s Council of Ministers has adopted a draft amendment to Poland's Corporate Income Tax (CIT) Act on 14 October 2025,
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Italy: MoF presents draft budget plan for 2026-28
Italy’s 2026 budget introduces a new three-year tax credit for businesses in SEZs, extends plastic, sugar, and tourist tax exemptions until 2026, allocates EUR 100 million for SLZs, and refinances the Nuova Sabatini incentive. Italy’s
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Brazil: Chamber of Deputies rejects higher taxes on equity interest, financial entities
Proposed tax changes under PM No. 1.303 will not take effect after failing to secure the required approval by the deadline. Brazil's Chamber of Deputies did not approve Provisional Measure (PM) No. 1.303 issued on 11 June 2025, which proposes
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Lithuania imposes fines for crypto reporting, account disclosure breaches
Lithuania’s parliament is introducing strict administrative fines for crypto-asset service provider non-compliance, failures to provide accurate information to tax authorities, and breaches of accounting, reporting, and inspection procedures, with
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