Sweden revises tax deduction regulations for green energy installations
Sweden has amended tax reduction rules for green technology installations, effective 1 July 2025. Sweden’s government has published Law No. SFS 2025:541 in the Official Gazette on 28 May 2025. This legislation amends the tax reduction
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Bangladesh: Cigarettes to cost more due to hiked taxes, duties in 2025-26 budget
Interim govt proposes hiking cigarette taxes to 5% on turnover, 300% on paper. The interim government of Bangladesh has suggested increasing the advance tax on the turnover of cigarette manufacturers from the existing 3% to 5%, taking into
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Panama extends tax filing deadline for select colon free trade zone taxpayers
The deadline extension only applies to taxpayers who had requested an extension. Panama’s tax administration (DGI) published Resolution 201-3727 in the Official Gazette on 29 April 2025, extending the deadline for Colon Free Trade Zone
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Colombia: DIAN extends tax information filing deadlines for TY 2024
This extension has been granted due to technical difficulties experienced on the Tax Authority's website. The Colombian Tax Authority (DIAN) has extended the deadline for submitting specific tax information for the taxable year (TY) 2024,
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New Zealand enacts 2025 budget, includes investment boost and Kiwisaver reforms
Taxation (Budget Measures) Act 2025 was published in the Official Gazette on 29 May 2025. New Zealand published the Taxation (Budget Measures) Act 2025 in the Official Gazette, after it received royal assent on 29 May 2025. The Taxation
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Hong Kong issues ruling on corporate treasury centres eligibility for profit tax concessions
The Hong Kong Inland Revenue Department (IRD) issued an advance ruling about an applicant's eligibility for the 8.25% concessionary tax rate for qualifying corporate treasury centres, which has been available since 1 April 2016. The Hong Kong
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Ireland updates tax registration guidelines for corporation tax, income tax, and other taxes
Irish Revenue updates registration guidelines for income tax, corporation tax, PAYE/PRSI, and RCT. Irish Revenue has published eBrief No. 109/25 on 23 May 2025, announcing revised guidelines for registering for Income Tax (IT), Corporation Tax
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Bangladesh: Interim Government announces 2025-26 national budget
The government’s growth forecast of 5.5% falls below the IMF’s estimate, signalling a shift away from chasing ambitious GDP targets and mega projects. The budget is set at BDT 7,90,000 crore, with a revenue budget of BDT 5,74,000
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Bolivia further extends corporate tax filing deadline
The corporate income tax filing deadline has been extended to 20 June 2025. Bolivia’s tax authorities (SIN) issued Resolution No. 102500000024 on 27 May 2025, announcing that the corporate income tax (IUE) filing deadline for the fiscal year
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Qatar approves tax exemption on capital gains from group restructuring
Qatar has approved a tax exemption on capital gains from group restructurings, aiming to boost investment, support business growth, and enhance economic competitiveness. Qatar’s General Tax Authority announced its support for the Cabinet’s
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Singapore: IRAS issues advance ruling on tax treatment of agreement novation
IRAS rules that novation of agreements in group restructuring is a capital, non-taxable transaction. The Inland Revenue Authority of Singapore (IRAS) issued Advance Ruling No. 6/2025 on 2 May 2025, explaining the tax treatment of transferring
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Argentina: ARCA raises reporting threshold for financial institutions
ARCA has raised reporting thresholds for financial institutions and e-wallet providers under Decree 353. The changes were outlined in General Resolution 5699, which was published on 23 May 2025. Argentina’s federal tax authority (ARCA) has
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Australia: ATO consults thin capitalization compliance guide
The ATO is seeking public feedback on a draft guidance to limit interest payment deductions on multinational debt. Comments are due by 30 June 2025. The Australian Taxation Office (ATO) has opened a public consultation regarding a draft guidance
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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
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Ireland updates general corporate tax guidance
New guidance modifies startup relief (Section 486C TCA) and introduces foreign dividend exemptions (Section 831B TCA), with PRSI-linked caps and EUR 40K-60K thresholds. The Irish Revenue has released eBrief No. 102/25 on 16 May 2025, announcing
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EU Council stresses international tax cooperation and anti-evasion efforts in development financing
The EU Council released its conclusions and a press release on 26 May 2025, ahead of the 4th International Conference on Financing for Development. The Council of the European Union has released its conclusions and a press release on 26 May
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Poland: Council of Ministers approve deregulatory corporate tax amendments
The bill takes effect on 1 January 2026. Poland’s Council of Ministers have passed a bill which amends the CIT Act to ease reporting on general partnership partners, introduces tax group benefits, and simplifies tax refund rules when support
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Hong Kong: Government approves global minimum tax bill
The bill introduces a 15% global minimum tax for multinational enterprise groups, starting 1 January 2025. The Hong Kong Inland Revenue Department (HKIRD) has announced that the Legislative Council approved the Inland Revenue (Amendment) (Minimum
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