Hong Kong: Chief Executive delivers 2025 policy address, includes tax incentives for strategic industries, and digital investments
The Hong Kong government plans to introduce legislative changes in early 2026 to enhance preferential tax regimes and attract more funds, family offices, and carried interest, reinforcing its role as a global financial hub. Hong Kong’s Chief
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Lebanon: Government tables 2026 budget law draft, introduces amendments to corporate income tax
Lebanon submitted its 2026 Draft Budget Law to the Council of Ministers, proposing wide-ranging reforms across corporate tax, VAT, customs, excise duties, digitalisation, and tax incentives, including stricter deduction rules, and targeted
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Hong Kong: Government introduces regulatory framework for basketball betting
The new basketball betting legislation is based on the existing system for football betting and takes effect upon publication in the official gazette. The Hong Kong SAR (HKSAR) government enacted the Betting Duty (Amendment) Bill 2025 on 11
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US: Treasury, IRS adds 39 substances to superfund list subject to excise taxÂ
These additions will generally take effect for tax purposes starting 1 January 2026, while the specific effective dates for refund claims under section 4662(e) are detailed individually for each substance. The US Treasury Department and Internal
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Ireland: Revenue launches payroll tax adjustment period for 2024–2025
Revenue acknowledges that employers may have struggled to adjust payroll systems and is now allowing them to correct any genuine payroll tax classification errors for 2024 and 2025. Ireland Revenue published eBrief No. 172/25, a new Tax and Duty
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Mexico: Federal Executive Branch presents 2026 Economic Package to Congress, includes indirect tax reforms
Mexico’s Federal Executive Branch submitted the 2026 Economic Package to Congress, proposing major changes to VAT, excise, and income taxes, as well as the federal tax code, which are under review until 31 October 2025. Mexico’s Federal
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EU: Parliament approves simplifications of Carbon Border Adjustment Mechanism
European Parliament approves streamlined CBAM rules, exempting most small importers while maintaining coverage of 99% of emissions. The European Parliament announced that it had approved measures to simplify the Carbon Border Adjustment Mechanism
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Australia: ATO proposes updated GST rules for copyright holders, digital media products
The draft determinations refine GST rules, introducing specific attribution rules for copyright transactions via collecting societies and updating intermediary arrangements for multimedia products, replacing the expiring 2015 version. The
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Estonia updates motor vehicle tax, registration rules
Estonia launches a new motor vehicle tax from 1 January 2025, covering various vehicles with rates based on age, weight, and emissions. The Estonian President approved amendments to the Motor Vehicle Tax Act and updates to the Traffic Act on 9
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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 MoreAustralia: ATO consults on top 100 GST program changes
The deadline to submit comments is 29 September 2025. The Australian Taxation Office (ATO) has opened a consultation on 8 September 2025 regarding updates to its Top 100 Goods and Services Tax (GST) program. These changes are aimed at high
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Slovak Republic: MoF unveils 2026 public finance, tax reform measures
The key tax changes are in the corporate and investment sectors, which face higher taxes: the top corporate license fee rises to EUR 11,520, and the special levy jumps to 15%. Consumption taxes increase, with VAT on sugary/salty foods at 23% and
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Philippines introduces tax reforms targeting large-scale metallic mining activitiesÂ
Republic Act No. 12253 takes effect on 20 September 2025, affecting large-scale metallic mining contractors 150 days later, with implementing rules to be issued within 90 days. The Philippines has published Republic Act No. 12253, an Act
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Nigeria 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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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,
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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
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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
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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
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