Germany: MoF releases draft law to amend Minimum Tax Act, aligns with the latest OECD Pillar Two GloBE guidelines
The draft legislation aims to amend the Minimum Tax Act by implementing the new OECD guidelines of December 2023, May 2024, and January 2025. Germany’s Ministry of Finance has released a draft law (Minimum Tax Adjustment Act) to amend the
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UK: HMRC publishes internal guidance on multinational, domestic top-up taxes
HMRC has published internal guidance on the UK’s Multinational and Domestic Top-up Taxes, aligned with the OECD’s Pillar Two rules. UK’s tax, payments and customs authority (HMRC) published its Internal Manual on the Multinational Top-up
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Korea (Rep.) unveils 2025 tax revision bill, enhances R&D credits
The 2025 tax reform bill aims to bolster strategic industries and welfare by introducing targeted tax credits for R&D, AI, and K-content, while streamlining corporate and capital gains taxes. South Korea’s Ministry of Economy and Finance
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UAE: FTA issues updated guide on private tax clarifications
The revised guidance incorporates new provisions and clarifies procedures for submitting clarification requests, including those related to Pillar Two rules The UAE Federal Tax Authority (FTA) released an updated version of its tax procedures
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Ecuador proposes law to tackle irregular capital flows, revise dividend taxation
The new law aims to regulate irregular capital flows and introduces revised tax rules on dividends and undistributed profits. Ecuador’s President submitted the Draft Organic Law for the Control of Irregular Capital Flows to the National
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Turkey extends 0% withholding tax on government securities until 2025
he Presidential Decision extends the 0% withholding tax on income from treasury bills, government bonds, and lease certificates until 31 December 2025. Turkey has extended the 0% withholding tax rate on income derived from treasury bills and
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Ireland issues revised GMT guidelines for MNEs, domestic groups
The updated guidance on OECD Pillar Two global minimum tax clarifies rules for insurance investment entities, intra-group financing adjustments, pre-transition tax changes, and transitional CbC reporting safe harbor rules. The Irish Revenue
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Luxembourg: Government proposes bill to enforce DAC9, align Pillar Two with OECD standards
DAC9 introduces new rules for sharing top-up tax information and filing obligations under the Pillar Two GMT Directive (Directive (EU) 2022/2523). Luxembourg’s government submitted a draft bill to the parliament to implement Council Directive
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Australia: Productivity Commission proposes corporate tax cuts amongst other tax reforms
The proposal is open for consultation and is set to conclude on 15 September 2025. Australia’s Productivity Commission has published an interim report on 31 July 2025, proposing major changes to the country’s corporate tax framework. The
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Pakistan drops digital presence proceeds tax
The DPPT was scrapped just one month after its introduction on 30 July 2025. Pakistan’s government has scrapped the digital presence proceeds tax (DPPT) on foreign entities supplying digital goods and services to Pakistan’s consumers, only a
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OECD releases updated reporting formats for global minimum tax, CARF, issues new FAQs on CARF, CRS
The OECD has released XML Schemas and User Guides to facilitate reporting and information exchange under the Global Minimum Tax and CARF. As part of ongoing efforts to enhance tax transparency and improve international tax compliance, the OECD
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Nigeria drops proposal to cut corporate tax rate to 25%
A reform in the Nigeria Tax Act removes the proposed reduction of the 30% income tax rate for large companies to 25%. Nigeria has published the Nigeria Tax Act (NTA) in the official gazette, which contains revisions that differ from the
See MoreKorea (Rep.): Ministry of Economy and Finance proposes corporate tax hikes, AI investment incentives, QDMTT Pillar Two rules
The proposals will require approval from the National Assembly before they can enter into force. The South Korean Ministry of Economy and Finance released the 2025 tax law amendment proposal, on 31 July 2025, which includes corporate tax hikes,
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Russia introduces 0% corporate tax, other incentives for International Advanced Development Territory
The law will enter into force on 1 January 2026. Russia’s State Duma approved Federal Law No. 518779-8 on 22 July 2025, amending the Tax Code to establish tax and social contribution incentives for residents of the International Advanced
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UK: HMRC adds Spain, Guernsey as Pillar Two recognised territories
HMRC confirms Spain and Guernsey as recognised Pillar Two jurisdictions in Notice 2 issued on 24 July 2025. The UK’s tax, payments and customs authority, His Majesty’s Revenue & Customs (HMRC) issued Notice 2 — Pillar Two top-up taxes
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US: IRS issues temporary CAMT guidance for partnerships, new rules expected
The IRS issued interim guidance on applying the Corporate Alternative Minimum Tax (CAMT) to partnerships and announced plans to revise and replace the September 2024 proposed regulations. The US Internal Revenue Service (IRS) issued Notice
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Canada: Google ends 2.5% ad surcharge following move to repeal DST
The fee, introduced on 1 October 2024, applied to Google Ads and YouTube reservations to cover compliance costs under Bill C-69, which targeted large digital companies.  Google has announced that it is scrapping its 2.5% "Canada DST Fee" on
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Luxembourg approves draft laws on Pillar Two, crypto reporting
The approved draft laws transpose DAC 8 and DAC 9, introducing new crypto reporting obligations and implementing Pillar Two top-up tax information exchange, among others. Luxembourg’s Government Council approved a series of draft laws and
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