Slovak Republic: Parliament rejects reopening financial transaction tax debate
The Slovak Republic’s parliamentary speaker has rejected discussion of the draft bill proposing to abolish the financial transaction tax, citing its violation of the Procedure Act rules. Earlier, the parliament passed a second amendment to the
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Nigeria lifts import duty, VAT on pharma raw materials
The Nigeria Customs Service in a press release on X on 26 March 2025 announced that a two-year exemption from import duty and VAT will apply to raw materials used in pharmaceutical production. This benefit is limited to pharmaceutical manufacturers
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UN: ECOSOC tackles cross-border digital taxation
The UN Economic and Social Council (ECOSOC) has discussed a potential UN framework to address cross-border service taxation, including withholding and digital services taxes, in a special tax meeting on 28 March 2025. The Special Meeting of the
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Hong Kong issues profits tax, property tax, and employer’s returns for 2024-25
The Hong Kong Inland Revenue Department (IRD) has issued profits tax, property tax and employer's returns for 2024-25 on 1 April 2025. The IRD issued about 230,000 profits tax returns, 120,000 property tax returns and 330,000 employer's returns
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Brazil updates rules on social contribution top-up tax for Pillar 2
Brazil has issued Normative Instruction RFB No. 2.259 of 24 March 2025, which amends the regulations for the Additional Social Contribution on Net Profit (CSLL) contained in Normative Instruction RFB No. 2,228 of 3 October 2024. The Additional
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Canada: Northwest Territories abolishes consumer carbon taxÂ
The Government of the Northwest Territories (GNWT) will remove the Northwest Territories' carbon tax for all consumers except large emitters on 1 April 2025. The GNWT has taken this step to align with the Government of Canada’s carbon pricing
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Spain: Catalonia announces changes to property transfer tax and stamp duty
Spain’s Catalan government passed Decree-Law 5/2025 on 25 March 2025. The Decree was later published in the Official Gazette on 26 March 2025. This Decree-Law adopted various measures regarding taxes, personnel expenses, and other
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Brazil ends COVID-19 era support for events sector
Brazil has announced the conclusion of the Emergency Program for the Resumption of the Events Sector (PERSE) through RFB Executive Declaratory Act No. 2 of 21 March 2025, which was published in the Official Gazette. The PERSE program, established
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Canada: Quebec announces tax measures in 2025-26 budget
The Canadian province Quebec's finance minister, Eric Girard, delivered the province’s 2025-26 budget on 25 March 2025. The minister unveiled a budget projecting a CAD 13.6 billion deficit, with CAD 2.2 billion allocated for debt repayment and
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Lithuania to tax sugary beverages
The Lithuanian government has put forward a draft law to introduce a new tax on sugary drinks. This would apply to liquid food products intended for consumption that contain at least 5 grams of sugar, sweeteners, or a combination of both per 100
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India enacts Finance Act 2025, offers support for targeted sectors of the economy
India's Central Board of Direct Taxes (CBDT) has released the Finance Act 2025 on 29 March 2025. The Act was officially enacted on 29 March 2025, following the President's assent, implementing the provisions outlined in the 2025–2026
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Ghana: Parliament passes 2025 budget measures
Ghana's Ministry of Finance announced that the Parliament approved several 2025 Budget measures on 26 March 2025. The passage of these bills marks a major leap for economic reform and a significant step in fulfilling the government’s commitment
See MoreCanada: PM Mark Carney scraps GST for first-time homebuyersÂ
Canada’s Prime Minister Carney announced on 20 March 2025 that the government will eliminate the Goods and Services Tax (GST) for first-time homebuyers on homes at or under CAD 1 million. This tax cut will save Canadians up to CAD
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Costa Rica announces gradual cut in selective consumption tax
Costa Rica issued Executive Decree No. 44921-MH on 25 March 2025, introducing a gradual reduction of the selective consumption tax on goods previously classified as luxury items. Products categorised as luxury items include personal care items
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Canada: Saskatchewan to halt industrial carbon tax from April 2025
The Saskatchewan government announced in a release on 27 March 2025 that it will pause the industrial carbon tax rate under its Output-Based Performance Standards (OBPS) Program. This decision will provide immediate financial relief to families,
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Namibia announces tax proposals in 2025-26 budgetÂ
Namibia’s Ministry of Finance unveiled the 2025-26 budget on 27 March 2025, outlining several tax proposals, including corporate tax reductions, VAT changes, and higher excise duties. Namibia’s national budget has risen to NAD 106.3 billion,
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UN Tax Committee: Report on Environmental Taxation
On 25 March 2025 the Subcommittee on Environmental Taxation submitted its final report to the UN Tax Committee, including an updated paper for approval and recommendations for future work to be considered by the new membership of the Tax Committee
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UN Tax Committee: Guidance on Indirect Taxes
At the meeting of the UN Tax Committee on 27 March 2025 the subcommittee dealing with indirect taxation matters put forward some potential issues that the next membership of the Tax Committee may wish to consider at future sessions. The
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