Ecuador issues regulations on advance tax for undistributed profits
Ecuador has issued Executive Decree No. 191, introducing new rules for the advance payment of income tax on undistributed profits. Published in Official Gazette No. 153 on 28 October 2025, the decree sets out clear procedures for calculating,
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Cambodia: GDT postpones imposition of capital gains tax on select assets
Cambodia’s General Department of Taxation (GDT) announced, on 30 October 2025, that the implementation of Prakas No. 496 MEF on Capital Gains Tax (CGT), has been postponed to 1 January 2026. The postponement affects the taxation of six types of
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Hungary: Parliament adopts revised global minimum tax, reporting regulations
Hungary’s parliament approved two bills (T/12802/7 and T/12801/12) on 18 November 2025 that introduce significant updates to the country's tax framework and reporting obligations. Among the key changes, the legislation revises Hungary’s
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Taiwan: Customs Administration offers reduced penalties for early tax payment on false import declarations
Taiwan’s Customs Administration has announced, on 18 November 2025, that businesses and individuals who submit false import declarations may qualify for reduced penalties if they settle taxes before the penalty is confirmed. The measure applies
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Bolivia: Chamber of Deputies considers 2026 state budget proposal
Bolivia’s Executive Branch has submitted the 2026 General Budget Bill to the Chamber of Deputies on 31 October 2025, outlining a series of targeted tax incentives to reduce the cost of public debt operations conducted in foreign capital
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Canada: DoF introduces legislation to implement 2025 budget, includes tax incentives for capital investmentsÂ
Canada’s Department of Finance announced the introduction of Bill C-15, Budget 2025 Implementation Act, No. 1, on 18 November 2025. It is an important first piece of legislation to advance key Budget 2025: Canada Strong priorities. Bill C-15
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Lithuania: Parliament considers higher corporate tax for banks, credit Institutions
Lithuania has proposed an amendment to its Corporate Tax Law that would increase the additional tax on banks and credit institutions from 5% to 10%. The draft, registered with the Seimas on 10 November 2025 under project No. XVP-973, targets
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Sweden: MoF proposes automatic exchange of top-up tax information under DAC9
The Swedish Ministry of Finance (MoF) submitted a proposal to the Legislative Council, on 13 November 2025, to introduce new rules for the automatic exchange of Top-up Tax information. The changes align Sweden’s framework with Council Directive
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US: IRS extends tax relief for Missouri taxpayers impacted by storms, floods
The US Internal Revenue Service (IRS), in a release (MO-2025-03) on 17 November 2025, announced tax relief for individuals and businesses in parts of Missouri affected by severe storms, straight-line winds, tornadoes, and flooding that began on 30
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EU Parliament endorses BEFIT corporate tax framework
The European Parliament has approved Legislative Resolution No. P10_TA(2025)0268 on the Business in Europe Framework for Income Taxation (BEFIT) on 13 November 2025. The resolution introduces a unified framework for corporate taxation across the
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Kenya: KEBS imposes standards levy on manufacturers
The Kenya Bureau of Standards (KEBS) issued a notice to manufacturers on 4 November 2025 regarding the implementation of the Standards (Standards Levy) Order 2025, dated 8 August 2025. Under the Order, all manufacturers are required to pay a
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Czech Republic: Supreme Administrative Court issues ruling on limits of transfer pricing rules
The Supreme Administrative Court (SAC) of the Czech Republic has issued a ruling on 12 November 2025, concerning a tax dispute involving the company Astemo Czech, s. r. o., and the Appellate Financial Directorate. The ruling includes informal
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Belgium extends Pillar 2 supplementary tax return deadline
Belgium’s Federal Public Service (SPF) Finance has announced, on 17 November 2025, an extension to the filing deadline for the annual supplementary national tax return. The law of 19 December 2023 (concerning the introduction of a minimum tax
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Argentina: CBU declaration can now be made from the ARCA mobile app
Argentina's tax and customs agency (ARCA) announced that its ARCA mobile app now allows users to register their Uniform Bank Code (CBU) on 10 November 2025. This mobile app will make it easier and faster for citizens to manage payments under the
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Estonia calls for Pillar 2 tax flexibility for small EU economies
Estonia announced a call for flexibility in implementing the Pillar 2 global minimum tax during a recent EU finance ministers’ meeting on 13 November 2025, the Ministry of Finance said. The country is among five EU member states that have
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Germany: Bundestag approves Pillar 2 amendments
Germany’s lower house of parliament (Bundestag) approved the second revised draft of a law amending domestic Pillar 2 rules and related measures on 13 November 2025. The legislation, formally titled “Law to Amend the Minimum Tax Act and
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Cambodia to introduce 20% capital gains tax from 2026
Cambodia’s General Department of Taxation issued Notification No. 34236 on 30 October 2025, confirming that a 20% capital gains tax (CGT) will take effect on 1 January 2026. The tax will apply to six types of assets: leases, investment assets,
See MoreUS: New York weighs corporate tax hike as budget gaps deepen
New York Governor Kathy Hochul is considering whether to raise corporate taxes as the state confronts a sizable budget gap intensified by expected federal funding cuts, a source reported on 14 November 2025. While no proposal has been finalised,
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