Malawi: MoF presents 2025-26 mid-year budget review, to introduce Minimum Alternate Tax
Malawi’s Ministry of Finance, Economic Planning, and Decentralisation (MoFEPD) presented the 2025-26 Mid-Year Budget Review Statement to the National Assembly on 21 November 2025. The 2025-26 Mid-Year Budget Review Statement proposes various
See More
Australia: Victoria parliament approves amendments to omnibus state tax bill, receives royal assentÂ
The Victorian government has passed the State Taxation Further Amendment Act 2025 (the Act), which received Royal Assent on 25 November 2025. The Act implements changes to the congestion levy announced in the 2024–25 Budget Update and amends
See More
Angola: National Assembly approves 2026 budget, proposes several tax law modifications
Angola’s parliament has approved the General State Budget for 2026 on 19 November 2025, introducing amendments to several tax laws. The key amendments are: Corporate Tax Reforms Electronic filing mandate: General and simplified regime
See More
Greece: MoF consults tax treatment of charitable entities
Greece’s Ministry of Finance (MoF) has launched a public consultation on a bill proposing amendments to the income tax, inheritance tax, and gift tax treatment of charitable entities on 17 November 2025. Under the proposed amendments, domestic
See More
Taiwan:Â National Taxation Bureau clarifies farmland gift tax exemption
Taiwan’s National Taxation Bureau of the Central Area has clarified that the total value of farmland and crops inherited under Section 1138 of the Civil Code is excluded from the total amount of gifts for gift tax purposes. The Shalu Tax Office
See More
Taiwan: MoF clarifies annual gift tax exemption rules
Taiwan’s Southern District National Taxation Bureau of the Ministry of Finance (MoF) clarified that the annual gift tax exemption is calculated based on the donor, not the recipient. If the total value of property a donor gives to others within
See MoreAustralia: Victoria government presents Omnibus state tax bill to parliament, seeks to refine existing frameworks for property taxes
The bill proposed various changes, including adjustments to the Commercial and Industrial Property Tax Reform Act 2024, refining the criteria for transactions eligible under the commercial and industrial property tax scheme. The Victorian
See More
UK: Welsh government unveils 2026-27 draft budget, proposes landfill disposal tax rate increase
For 2026–27, Wales will keep existing LTT rates but revise Multiple Dwelling Relief and introduce a new refund rule for certain leased properties, while the LDT standard rate will rise in line with RPI. Wales’ Cabinet Secretary for Finance
See More
US: IRS, Treasury issues guidance to streamline interest capitalisation for property improvements
The guidance includes final regulations for eliminating the associated property rule and related provisions for interest capitalisation on improvements to designated property. The US Treasury and the Internal Revenue Service (IRS) have released
See More
Costa Rica: DGT updates withholding rules for real estate capital gains, transfer taxes
The Resolution will enter into force on 6 October 2025. Costa Rica’s tax administration (DGT) has published Resolution No. MH-DGT-RES-0039-2025  in the Official Gazette on 17 September 2025, updating the withholding rules for real estate
See More
Australia: NSW Government to extend build-to-rent (BTR) tax concessions indefinitely
The draft legislation would make the 50% land tax reduction for build-to-rent properties permanent and grant stamp duty and land tax concessions to eligible foreign developers. Australia’s New South Wales (NSW) Government has introduced draft
See More
Romania: Government proposes revisions to local taxation, land taxes, and high-value assets
The tax changes include increasing building, land, and high-value asset taxes, abolishing reductions for residential and mixed-use properties, standardising agricultural building taxation, and introducing specific vehicle taxes with limited
See More
Finland: Government announces 2026 budget measures
The 2026 budget proposal includes reduced corporate tax rates, tightened crypto reporting requirements, adjusted VAT rates, and cuts to CO2 fuel taxes, as well as increased taxes on vehicles, tobacco, alcohol, and soft drinks. Finland’s
See More
Denmark announces 2026 Finance Bill, proposes reduced electricity and excise tax reliefs
The 2026 Finance Bill includes an electricity tax cut, excise duty removal on food products, VAT abolition on books, and tax adjustments for rural properties. Denmark’s government presented the 2026 Finance Bill on 29 August 2025, proposing tax
See More
US: Rhode Island to raise property transfer tax from October 2025
Rhode Island will increase its real estate conveyance tax rate from USD 2.30 to USD 3.75 per USD 500 for property sales exceeding USD 100, effective 1 October 2025. The Rhode Island Department of Revenue has published ADV 2025-13 on 21 August
See MoreUS: IRS proposes rules on F reorganisations involving US real property transfers
Notice 2025-45 announces plans to propose regulations modifying the application of Sections 897(d) and (e) to certain inbound F reorganisations under Section 368(a)(1)(F) involving US real property interests. The US Internal Revenue Service (IRS)
See More
UK considers replacing stamp duty with new property tax
UK Treasury considers replacing stamp duty with a new levy on homes over GBP 500,000, aiming for more stable revenue from fewer transactions. The UK Treasury is reportedly considering a major shift in property taxation, exploring the replacement
See More
Cambodia to implement new capital gains tax from September 2025
The new 20% capital gain tax on capital asset sales takes effect September 2025, with specific rules and exemptions for residents and non-residents. The Ministry of Economy and Finance of Cambodia issued Prakas No. 496 on 18 July 2025,
See More