Ireland: Revenue updates local property tax manuals
The Irish Revenue has released eBrief No. 205/25 on 30 October 2025, detailing updates to various Tax and Duty Manuals on Local Property Tax in light of the amendments made by the Finance (Local Property Tax and Other Provisions) (Amendment) Act
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Lithuania to introduce luxury car tax from 2026
Lithuania published a draft law proposing a luxury tax on high-powered cars on 29 October 2025. The tax will apply to M1-class vehicles with engines exceeding 150 kW, calculated as a percentage of the vehicle’s value: 1% for engines between 151
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EU Commission allocates EUR 2.9 billion from innovation fund to advance net-zero technologies
The European Commission announced on 3 November 2025 a total of EUR 2.9 billion in funding to 61 cutting-edge net-zero technology projects. The funding comes from the Innovation Fund, using revenues from the EU Emissions Trading System (EU
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France: National Assembly passes first-reading amendments to the 2026 finance bill, focuses on major corporations
France’s National Assembly introduced several amendments to the Finance Bill for 2026, some of which have been approved during its first reading on 30 October 2025. The changes primarily target large corporations and business groups, introducing
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Turkey: MHP proposes higher digital tax for foreign platforms
RF Report Turkey’s Nationalist Movement Party (MHP), an ally of President Recep Tayyip Erdoğan, has submitted a bill to the parliament that would raise the digital services tax (DST) for foreign companies from 7.5% to 12.5%, while keeping the
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Cambodia, Malaysia, Thailand sign agreement to scrap implementation of digital services taxes on US firms
Regfollower Desk The White House recently announced trade agreements with Cambodia, Malaysia, and Thailand, which include commitments from these nations to avoid imposing digital services taxes (DSTs) or similar measures that could unfairly
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Turkey revises special consumption tax for mobile phones
Turkey raised mobile phone SCT thresholds to cut prices for devices up to TRY 9,000. Regfollower Desk Turkey has revised the special consumption tax (SCT) base thresholds for mobile phones under Presidential Decision No. 10521, published in
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Malaysia: Customs department amends service tax rules, introduces new exemptions
Malaysia’s Customs Department will implement revised service tax policies with additional exemptions from 1 July 2025, following the Ministry of Finance’s announcement of expanded SST regulations. Malaysia’s Customs Department has revised
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Lithuania: MoF presents draft budget, expands list of corporate tax exempt entities
Lithuania’s 2026 draft Budget proposes halting the planned increase in CO2 excise duty on diesel and introducing a corporate tax exemption for the National Development Bank. Lithuania’s Ministry of Finance has presented the 2026 draft Budget
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Zambia: ZRA introduces 10% excise duty on gaming, betting
Revenue Authority introduced a 10% excise duty on gaming and betting, effective from September 2025, with payments due by the 15th of the following month. The Zambia Revenue Authority (ZRA) has confirmed the introduction of a 10% excise duty on
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Poland: MoF announces amendments to sugar, gaming tax
The proposed law aims to raise the sugar tax on sweetened and energy drinks and increase the flat-rate income tax on contest and lottery winnings from 10% to 15%. Poland's government has announced a draft law regarding changes to the Public
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Hungary: Parliament reviews Autumn Tax Package measures
Hungary’s draft autumn tax package, presented on 14 October 2025, proposes adjustments across corporate, VAT, insurance, retail, and advertisement taxes—including R&D incentives, global minimum tax compliance, reduced VAT on beef,
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EU officially issues regulation to streamline, enhance the carbon border adjustment mechanism (CBAM)
The amended Regulation is the final step in the formal adoption process, signed by the European Parliament and the Council and a key step towards fostering a more competitive and sustainable business environment while effectively addressing climate
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Morocco: Government presents 2026 Finance Bill to the parliament
The 2026 Finance Bill introduces broad tax reforms, including expanded corporate and personal income tax withholding, new VAT exemptions for specific goods and investments, the launch of a petroleum product marking system, and the introduction of a
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Brazil: National Congress nullifies provisional measures on equity interest, financial entities taxes
Proposed tax changes under PM No. 1.303 will not take effect after the required approval is not secured by the deadline. Brazil's National Congress issued Declaratory Act No. 67 on 15 October 2025, which officially confirmed that Provisional
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Australia: 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
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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
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Norway: Government presents 2026 Budget Bill, corporate income tax to remain at current levels
The 2026 Budget Bill prioritises welfare, health, defence, reducing electric car subsidies, cutting income and electricity taxes to boost purchasing power, and closing tax loopholes. Norway’s government has presented its proposal for the state
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