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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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,
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New Zealand: Opposition party proposes targeted capital gains tax to fund free doctor visits
RF Report The Labour Party of New Zealand, the leading opposition party in parliament, has announced a proposal which targets capital gains tax on profits from the sale of commercial or residential properties, excluding the family home,
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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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Ethiopia: MoF announces 2025-26 budget, includes alternative minimum taxÂ
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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Ghana: GRA issues reminder on tax applicable to asset and liability gains
The notice mentions that a 25% tax applies to gains, with residents able to choose between the flat rate or regular income tax rates, while non-residents pay a final 25% tax on the gross proceeds. The Ghana Revenue Authority (GRA) has issued a
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Belgium defines fixed financial asset requirement for participation exemption
The participation exemption applies to shareholders with at least 10% ownership or investments of EUR 2.5 million, provided the latter qualify as fixed financial assets. Belgium's Ministry of Finance has released Circular 2025/C/63 on 3 October
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Chile: SII clarifies eligibility timing for special capital gains on listed shares
Ruling 1750 clarifies that capital gains from selling shares in public companies or mutual funds qualify for the Article 107 special regime only if the shares meet the stock market presence requirement at the time of sale. Chile’s tax
See MoreNigeria gazettes tax reform acts, updates corporate and minimum effective tax ratesÂ
The Nigeria Tax Act 2025 and the Nigeria Tax Administration Act 2025, which will take effect on 1 January 2026, as well as the Nigeria Revenue Service (Establishment) Act 2025 and the Joint Revenue Board (Establishment) Act, which came into force on
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Malaysia: IRB revises capital gains tax guidance for unlisted shares
The guidelines outline the CGT treatment for gains from disposing of unlisted shares and relevant company shares. Malaysia’s Inland Revenue Board (IRB) has published the updated guidelines on capital gains tax for unlisted shares on 21 July
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Singapore: IRAS rules capital gains from property interest transfers are tax-exempt
IRAS ruled on 1 August 2025 that gains from intra-group transfer of long-held investment properties are capital and not taxable. The Inland Revenue Authority of Singapore (IRAS) released an advance ruling summary no. 16/2025 on 1 August 2025,
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US: Trump administration considers eliminating capital gains tax on home sales
Under current law, US residents can exclude up to USD 250,000 in capital gains from taxable income when selling their primary residence. US President Donald Trump announced on 22 July 2025 that his administration is considering eliminating
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Australia: ATO issues guidance on foreign capital gains withholding credits from property sales
Clients subject to the foreign resident capital gains withholding (FRCGW) are required to file a tax return to claim withheld credits, regardless of income level. The Australian Taxation Office (ATO) has issued a guidance on 18 July 2025, on
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Kazakhstan introduces 10% corporate tax on select income
Law No. 208-VIII ZRK is effective from 1 January 2025. Kazakhstan has introduced a new 10% corporate tax rate for certain incomes under Law No. 208-VIII ZRK, signed by the President on 15 July 2025 and published on 16 July 2025. The rate
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Belgium: Government submits tax reform proposals to parliament, includes investment gains tax, participation exemptionÂ
Key proposals include a 5% capital gains tax, a participation exemption for group contributions, revised deductions, and revised statute of limitations rules. Belgium’s Chamber of Deputies is reviewing a draft law submitted on 3 July 2025 to
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Tanzania enacts 2025-26 budget measures, includes new transfer pricing penalty
The measures will apply from 1 July 2025, unless otherwise specified. Tanzania's Finance Act 2025 was enacted on 30 June 2025, implementing tax measures from the 2025-26 Budget Speech with some adjustments to the initially announced
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Nigeria: President approves four new tax reform bills
The new legislation comprises the Nigeria Tax Act, the Nigeria Tax Administration Act, the National Revenue Service (Establishment) Act, and the Joint Revenue Board (Establishment) Act. Nigeria’s President Bola Tinubu has signed four major tax
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Romania announces 2025–28 tax reforms, raises dividend tax
The proposed tax reforms target increased taxes on dividends, reduced incentives, stricter expense deductions, and simplified VAT rates. Romania published its decision approving the 2025-2028 Government Programme in the Official Gazette on 23
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