Ireland: Revenue clarifies iXBRL filing for Large Corporates Division, High Wealth and Financial Services Division
Revenue confirmed continued iXBRL filing for LCD and HWFSD companies. The Irish Revenue published eBrief No. 173/25 on 23 September 2025 regarding iXBRL filing requirements for companies liable to corporation tax whose affairs are managed in
See More
Singapore: IRAS Advance Ruling clarifies which companies qualify under Section 13O tax incentive
The test assesses if an investor’s share in a fund is small enough to prevent penalties and maintain the fund’s tax-exempt status. The Inland Revenue Authority of Singapore (IRAS) has released Advance Ruling Summary 17/2025 on 1 September
See More
UAE: MoF signs CARF agreement to share crypto tax data, opens public consultation
The consultation ends on 8 November 2025. The UAE’s Ministry of Finance ( MOF) has signed the Multilateral Competent Authority Agreement on the Automatic Exchange of Information under the Crypto-Asset Reporting Framework (CARF), following its
See More
Netherlands revises business merger decree, defines tax and loss carry-forward rules
Decree 2025-219643 addresses business mergers, clarifies the tax treatment of cooperatives, updates loss carry-forward rules, and revises approval procedures. The Netherlands State Secretary for Finance published Decree 2025-219643 of 21 August
See More
Australia: ATO issues final guidance for the effective life of assets
The guidance helps determine how much of the asset’s cost taxpayers can claim as a tax deduction each year. The Australian Taxation Office (ATO) has published the final guidance for the effective life of depreciating assets on 23 September
See More
Netherlands: Lower house approves 2026 Omnibus Tax Bill
This 2026 Omnibus Tax Bill introduces various primarily technical, smaller-scale amendments, proposals, and corrections across multiple tax laws. The Dutch lower house of the parliament approved the 2026 Omnibus Tax Bill, and published it on its
See More
Russia: MoF presents various tax reforms, includes VAT increases as part of 2026 budget package
The budget proposals include a standard VAT rate hike from 20% to 22%, and the simplified VAT threshold will drop from RUB 60 million to RUB 10 million, amongst others. Russia’s Ministry of Finance has submitted a series of draft laws to the
See More
Senegal: DGID suspends CbC reporting obligations for FY 2023, 2024
Multinational enterprises with operations in Senegal are not obliged to file country-by-country reports (CbCR) for the FY 2023-2024. Senegal’s tax administration, the Directorate General of Taxes and Domains (DGID), announced in a social
See More
Turkey: Finance and Treasury Ministry updates VAT rules
Turkey issued Communiqué No. 55 clarifying VAT exemptions, import calculations and refund procedures under Law No. 7555. The Turkish Ministry of Treasury and Finance has issued General Communiqué No. 55 on 4 September 2025, updating the Value
See More
Estonia to maintain income tax rate to support growth
Estonia keeps taxes steady, boosts defence, and essential worker pay. Estonia’s government has reached an in-principle agreement on the state budget for 2026. At least 5% of GDP will be earmarked for a surge in Estonia’s defence
See More
Morocco: Central bank holds interest rate unchanged amid global uncertainties
The Central Bank cited ongoing global and domestic uncertainties, including trade tensions, conflicts in the Middle East and Ukraine and water shortages affecting crops behind the decision. The Central Bank of Morocco kept its benchmark interest
See More
Nigeria: CBN cuts key interest rate to 27%
The central bank reduced the monetary policy rate (MPR) by 50 basis points to 27.00%. Nigeria's central bank, Central Bank of Nigeria (CBN), has reduced its monetary policy rate (MPR) for the first time since 2020, cutting it by 50 basis points
See More
US: IRS to end paper refund checks for individual taxpayers
The IRS and the Treasury announced that paper tax refund checks for individual taxpayers will be phased out starting 30 September 2025. The US Internal Revenue Service (IRS), working with the US Department of the Treasury, announced on 23
See More
Latvia: Parliament amends tax administration rules on late payment interest
The amendments mainly focused on the new rules on late payment interest and are aimed at improving the tax administration. Latvia’s parliament adopted the Law on Amendments to the Law on Taxes and Duties on 4 September 2025, which was
See More
Albania signs Multilateral Convention for the Implementation of the Pillar 2 Subject to Tax Rule
Albania became the 10th country to sign the STTR MLI, the OECD confirmed. The OECD announced that Albania signed the Multilateral Convention for the Implementation of the Pillar 2 Subject to Tax Rule (STTR MLI) on 23 September 2025. Albania is
See More
OECD publishes 2025 peer review compilation on CbC reporting
The OECD peer review report covers 142 jurisdictions that have submitted legislation or information on the implementation of CbC reporting. The OECD has released the Compilation of 2025 Peer Review Reports on Country-by-Country Reporting on 23
See More
Malawi: Government amends customs and excise rules to streamline procedures, enhance compliance
The regulation amends and streamlines procedures, enhances compliance, and enforces penalties related to foreign exchange and export transactions. Malawi’s government has introduced new regulations to update its customs and excise laws on 1
See More
Costa Rica: DGT overhauls withholding tax reporting returns, self-assessment procedures
Resolution No. MH-DGT-RES-0042-2025 establishes rules for taxpayers required to file both informative and self-assessment withholding tax returns, effective 6 October 2025. Costa Rica’s tax administration (DGT) published Resolution No.
See More