OECD: Reform Options for Climate Neutrality in Lithuania
On 24 April 2023 the OECD published a report outlining the reform options for Lithuanian climate neutrality by 2050. The report sets out the policy options that could be followed by Lithuania to reach its target for climate neutrality, taking
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Russia: Government plan to create free economic zone in new occupied territories
On 20 March 2023, the government of Russia planning to establish of a free economic zone in the new occupied territories of the Donetsk, Zaporizhzhia Kherson, and Lugansk. Taxpayers that meet the criteria for eligibility and operate within the free
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IMF Report Considers the Economic Outlook in Poland
On 24 March 2023 the IMF published a report following discussions with Poland under Article IV of the IMF’s articles of agreement. The report notes that the Polish economy has been facing difficulties as a result of the Ukraine war. Economic
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Germany: MoF publishes draft BEPS 2.0 pillar two implementation bill
On 20 March 2023, the German Ministry of Finance (MoF) published a draft discussion for the implementation of the global minimum tax. It has initiated steps towards enforcing the EU Directive on the adoption of a Global Minimum Tax (2022/2523),
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South Africa introduces reduced income tax rates
On 16 January 2023, the National Treasury of South Africa published a media statement regarding the publication of the country's 2022 tax acts in the Official Gazette. Personal Income Tax Personal income tax rebate has been amended, i.e., a
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Uzbekistan: Tax Changes for 2023
It was reported on 5 January 2023 that the 2023 budget allocations have kept the basic tax rate of profit tax at 15%. The personal income tax rate remains 12%, and the property tax rate continues at 1.5%. The levels of tax collection and government
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IMF Report Looks at the Economy of Kazakhstan
On 14 December 2022 the IMF issued a report following the conclusion of discussions with Kazakhstan under Article IV of the IMF’s articles of agreement. Kazakhstan’s real GDP growth is expected to decrease to 2.7% in 2022, down from 4.3% in
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IMF Report Looks at Tax Reforms in Belgium
On 21 December 2022 the IMF issued a report following the conclusion of discussions with Belgium under Article IV of the IMF’s articles of agreement. Owing to the energy price increases, the federal and regional authorities are supporting to
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OECD: Draft Multilateral Convention Provisions on Digital Services Taxes under Amount A
On 20 December 2022 the OECD issued for public consultation draft provisions on digital services taxes that would be included in a multilateral convention (MLC) in relation to Pillar One of the two-pillar approach to international taxation. The
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OECD: Consumption tax trends 2022
On 30 November 2022 the OECD released Consumption Tax Trends 2022, an annual publication setting out comparative data on consumption taxes and trends in consumption tax policy in OECD countries. The data indicate that as e-commerce increases the
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OECD: Revenue Statistics 2022
On 30 November 2022 the OECD published Revenue Statistics 2022. The publication sets out the statistics of tax revenue for 2021 which indicate that tax revenues were recovering after the crisis caused by the pandemic. The publication classifies
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Finnish: Parliament adopts a draft bill of new mining tax
On 18 November 2022, the Finnish Parliament has approved a draft bill which proposes the implementation of royalty-type taxes on minerals extracted in Finland. The draft bill proposed a royalty of 0.6% to be imposed on the taxable value of a
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UNDP Policy Brief Looks At Tobacco Taxes and Sustainable Development Financing
A Policy Brief issued by the United Nations Development Program (UNDP) on 15 November 2022 argues that tobacco taxation should be included as an important part of financing for sustainable development. Based on the findings of the Investment Case
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OECD: Revenue Statistics in Africa
On 14 November 2022 the OECD published Revenue Statistics in Africa 2022. The annual publication is produced by the OECD jointly with the African Tax Administration Forum (ATAF) and the African Union Commission (AUC). Technical assistance is given
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OECD: Pricing Greenhouse Gas Emissions
On 3 November 2022 the OECD released Pricing Greenhouse Gas Emissions: Turning Climate Targets into Climate Action looking at the development of explicit carbon prices, energy taxes, and subsidies that lower pre-tax energy prices, in the years 2018
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UN: Taxation of the Extractive Industries
At the meeting of the UN Committee of Experts on International Cooperation in Tax Matters from 18 to 21 October 2022 the committee heard a report on the work of the extractives subcommittee. Energy transition The extractives subcommittee is
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OECD: Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors
The OECD Secretary-General’s Tax Report to the G20 Finance Ministers and Central Bank Governors released in October 2022 outlined recent developments in international taxation. Two-pillar approach Ahead of its Plenary meeting on 6-7 October
See MoreUN: Handbook on Health Taxes to be Drafted
At the meeting of the UN Committee of Experts on International Cooperation in Tax Matters from 18 to 21 October 2022 the health tax subcommittee gave further details of its developing work. The subcommittee is focusing on producing a Handbook on
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