Nigeria gazettes tax reform acts, updates corporate and minimum effective tax rates
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
See More
Iceland presents 2026 Budget, proposes implementation of Pillar 2 global minimum tax
Iceland’s 2026 Budget introduces the Pillar 2 global minimum tax (IIR and QDMTT), a kilometre-based vehicle tax, and a phased removal of fuel excise duties with higher carbon taxes. Iceland's Finance Minister, Daði Már Kristófersson,
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
Romania set to implement new logistics tax
Starting 1 November 2025, Romania will impose a RON 25 tax on low-value parcels (below EUR 150) from non-EU countries. Romania’s government has submitted a draft law to parliament for introducing a logistics tax on 1 September 2025, aimed at
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
Colombia: MoF proposes major tax reforms for 2026 budget
The proposed 2026 budget legislation introduces significant reforms to corporate surtax, VAT, personal income tax, net wealth tax, and capital gains tax, with new tax rules for crypto-asset transactions. Colombia’s Ministry of Finance submitted
See More
Poland: Government adopts 2026 budget law, increases corporate tax for banks
The draft 2026 budget law increases the corporate tax rate for the banking sector, a rise in the VAT exemption threshold from PLN 200,000 to PLN 240,000, and a 15% hike in excise rates on alcoholic beverages. Poland's government has adopted the
See More
Singapore: IRAS updates GST guide for businesses
The guide provides an overview of the Goods and Services Tax (GST) in Singapore. It covers three broad categories: GST Concepts and Principles, GST Administration and GST Schemes. The Inland Revenue Authority of Singapore (IRAS) has released the
See More
EU: Commission consults CBAM methodology, certificate adjustments, third-country carbon price deductions
Stakeholders are encouraged to provide feedback on this initiative until 25 September 2025. The European Commission initiated a consultation on 28 August 2025 to gather the opinions of all stakeholders on the rules on the methodology for
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 More
Chile proposes bill to promote green hydrogen industry
The proposed tax incentives and special rules aim to boost Chile’s green hydrogen industry and strengthen its global leadership in clean fuel production. Chile’s Ministry of Finance has submitted a bill to the Chamber of Deputies to promote
See MoreNigeria: President abolishes 5% excise duty on telecom services
The abolition of the 5% excise tax on telecommunication services is aimed at improving affordability and service standards in the telecom sector. Nigeria’s President Bola Tinubu has officially abolished the 5% excise tax on telecommunication
See More
US rejects IMO proposal for global shipping emissions tax
A joint statement criticises the proposal as a “global carbon tax on Americans” imposed by an unaccountable UN body, which warns of potential retaliation or remedies against supporting countries if US efforts to oppose the framework are
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
Kenya: KRA announces collection of sugar development levy
The collection of the sugar development levy went into effect on 1 July 2025. The Kenya Revenue Authority (KRA) announced on 31 July 2025 the commencement of sugar development levy collection, effective 1 July 2025. The KRA informed millers
See More
New Zealand to replace petrol tax with distance-based road charges
New Zealand will shift from petrol taxes to electronic road user charges for all vehicles, starting a staged overhaul of its road funding system. New Zealand’s government announced plans, on 6 August 2025, to overhaul its road funding system,
See More