Saudi Arabia: ZATCA reminds firms of withholding tax forms submission deadline
The Saudi Zakat, Tax, and Customs Authority (ZATCA) has reminded establishments subject to Withholding Tax in the Kingdom to submit their October 2025 withholding tax forms by 10 November. This announcement was made on 5 November
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Brazil to apply 10% dividend withholding tax
Brazil’s Federal Senate has approved Bill 1.087/2025, introducing a 10% withholding tax on dividends paid to foreign entities, effective for fiscal years starting after 1 January 2026. Exemptions include profits calculated until 2025 and
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Belgium grants withholding tax relief on non-resident payments for leasing tangible assets
Belgium’s Federal Public Service (SPF) Finance published a Royal Decree on 31 October 2025, which eliminates the withholding tax on payments for renting or leasing tangible movable property, effective from 1 November 2025. Previously, Belgian
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Nigeria to levy withholding tax on short-term security interest
RF Report Nigeria's tax authority, the Federal Inland Revenue Service (FIRS), has issued a directive mandating banks, stockbrokers, and other financial institutions to apply a 10% withholding tax on interest earned from investments in short-term
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Cyprus: Tax authorities mandate non-resident filing of tax withholding, GHS contributions via TFA system
The Department of Taxation announced that non-residents must submit the Deducted at Source (DAS) Declaration and make related payments exclusively through the TFA system. The Cyprus Tax Department announced, on 6 October 2025, detailing updated
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Brazil: National Congress nullifies provisional measures on equity interest, financial entities taxes
Proposed tax changes under PM No. 1.303 will not take effect after the required approval is not secured by the deadline. Brazil's National Congress issued Declaratory Act No. 67 on 15 October 2025, which officially confirmed that Provisional
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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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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,
See MoreBrazil: 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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Costa Rica: DGT revises real estate transfer withholding tax
Resolution No. MH-DGT-RES-0051-2025 repeals the 2% withholding tax for residents on real estate gains while keeping the 2.5% final withholding tax for non-residents. Costa Rica tax administration (DGT) published Resolution No.
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El Salvador: DGII introduces Form F-935 to report withholding taxes by foreign agents, individuals, entities
The notice instructs foreign agents to report all withholding taxes on the Form by the 15th of the month after the taxes were withheld. El Salvador’s tax administration (DGII) released a notice on 30 September 2025, introducing Form F-935 for
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Costa Rica: DGT overhauls withholding tax reporting returns, self-assessment procedures
Resolution No. MH-DGT-RES-0042-2025 establishes rules for taxpayers required to file both informative and self-assessment withholding tax returns, effective 6 October 2025. Costa Rica’s tax administration (DGT) published Resolution No.
See MoreNigeria mandates withholding tax on interest from short-term securities
FIRS announced that interest from short-term securities investments will now be subject to withholding tax. Nigeria’s Federal Inland Revenue Service (FIRS) issued a public notice on 17 September 2025, mandating withholding of tax on interest
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Lebanon: Government tables 2026 budget law draft, introduces amendments to corporate income tax
Lebanon submitted its 2026 Draft Budget Law to the Council of Ministers, proposing wide-ranging reforms across corporate tax, VAT, customs, excise duties, digitalisation, and tax incentives, including stricter deduction rules, and targeted
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Canada: CRA extends withholding tax relief for nonresident subcontractor reimbursements to June 2026
Taxpayers reimbursing non-residents for services in Canada via subcontracting can defer the 15% withholding tax and related interest or penalties until 30 June 2026. The Canada Revenue Agency (CRA) has extended its administrative relief policy
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US: IRS announces unchanged interest rates, tax underpayments and overpayments for Q4 2025
Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. The US Internal Revenue Service (IRS) released IR-2025-87 on 25 August 2025, in which it announced that interest rates will remain the same for the calendar
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Malawi lowers tax for select non-resident companies
The Malawi government has abolished the 5% repatriation tax for non-resident companies, increased withholding tax on gambling winnings to 10%, and exempted bread from the 16.5% VAT. Malawi has implemented new tax laws through the Taxation
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Zambia advances 2025 tax reform, proposes 1% minimum alternative tax for businesses
Key proposals include a 1% MAT on turnover, 15% to 20% withholding tax on government securities, and excise duty hikes on cigarettes, alcohol, sugary drinks, and betting services. Zambia's National Assembly has advanced the Income Tax
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