Egypt unveils second tax facilitation package to ease procedures, boost compliance
The Egyptian Ministry of Finance announced a second tax facilitation package on 15 December 2025, aimed at simplifying tax procedures, expanding the tax base, and strengthening trust with taxpayers, investors, and the business community. The
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Netherlands: Tax Authority publishes guidance on pillar two for low-taxed intra-group transfers
The Netherlands Tax Administration has issued a guidance 15 December 2025 on calculating the amount of income inclusion top-up tax also known as the income inclusion rule (IIR), in the event of an internal transfer of a low-tax group entity between
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Australia: ATO updates guidance on Pillar 2 interactions with consolidation
The Australian Taxation Office (ATO) released new guidance on 17 December 2025 clarifying how Pillar 2 global minimum tax rules interact with tax consolidation for multinational enterprise (MNE) groups operating in Australia. Australian tax
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Greece: Parliament passes 2026 budget, includes PIT reliefs
The Greek Parliament passed the 2026 budget on 16 December 2025. It now awaits to be published in the Official Gazette and will take effect from 1 January 2026. The budget introduces a broad package of tax reforms aimed at easing household costs
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Ghana abolishes COVID-19 health recovery levy
Ghana’s President John Dramani Mahama signed the COVID-19 Health Recovery Levy Repeal Act 2025 into law on 10 December 2025, ending the 1% levy on goods, services, and imports from January 2026. The repeal fulfills a key campaign promise, as
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Montenegro: Government adopts multiple draft laws, approves BEPS MLI ratification
The Government of Montenegro adopted a series of draft laws, amendments, and international agreements on 11 December 2025 during a telephone session held without a formal meeting. The Government’s Public Relations Service made the announcement
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Ireland: Tax authority clarifies VAT deductibility for insurance, reinsurance
Ireland’s tax authority has issued updated rules on VAT deductibility for insurance and reinsurance activities. The guidance, published in the Tax and Duty Manual, defines life insurance, non-life insurance, and reinsurance, and confirms that
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Brazil: Chamber of Deputies passes taxpayer defence code, targets habitual tax defaulters
Brazil’s Chamber of Deputies has approved Complementary Bill 125/2022, which creates the Taxpayer Defence Code. This framework sets out the general rights, guarantees, and responsibilities of taxpayers, as well as the procedures governing their
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UK to regulate Crypto Assets from 2027
Britain will start regulating crypto assets from October 2027, the finance ministry announced on Monday, 15 December 2025. Legislation was set to be introduced in parliament later the same day, extending existing financial rules to crypto
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Denmark: Parliament approves DAC9 implementation, enables central Top-up tax filing
Denmark's Parliament passed Bill L 23 on 27 November 2025, introducing measures to implement Council Directive (EU) 2025/872 of 14 April 2025 (DAC9). The updated rules allow the automatic exchange of Top-up tax information returns under Directive
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Poland: MoF implements rules for national electronic invoicing system
Poland’s Ministry of Finance announced four implementing regulations governing the use of the National e-Invoicing System (Krajowy System e-Faktur – KSeF) on 16 December 2025. 1. Cases Exempt from Structured Invoices The regulation of 7
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Italy: Revenue Agency sets single deadline for VAT advance paymentsÂ
Italy’s Revenue Agency, with approval from the Ministry of Economy and Finance and the Bank of Italy, has established a single deadline for intermediaries to transfer VAT advance payments to the Treasury on 16 December 2025. Banks, post
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European Commission publishes report on tax gaps
The European Commission published its Mind the Gap Report on 11 December 2025, which offers a detailed evaluation of tax gaps across the EU and its 27 Member States. Tax gaps can emerge due to taxpayer non-compliance, such as tax evasion and
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Taiwan: MoF outlines tax incentives for smart machinery, 5G, cybersecurity, ai, green investments
Taiwan’s Taipei National Taxation Bureau of the Ministry of Finance has issued guidance on claiming tax credits for investments in smart machinery, 5G systems, cybersecurity, and artificial intelligence solutions, as well as energy-saving and
See MoreEgypt: ETA issues new rules to offset tax credits against liabilities
The Egyptian Tax Authority (ETA) issued Instruction No. 46 of 2025, on Tuesday, 2 December 2025, establishing a formal procedure for registered taxpayers to offset credit balances, including VAT credits, against their outstanding tax
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UK: HMRC updates capital gains manual following budget 2025 changes
The UK tax authority, HM Revenue & Customs (HMRC), on 12 December 2025, released updates to its Capital Gains Manual, providing guidance on measures announced at Budget 2025, effective from 26 November 2025. The updates clarify HMRC’s
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Estonia: MoF rejects OECD Pillar 2 minimum tax amendments
Estonia did not approve the proposed amendments to the minimum tax rules presented under the OECD silent procedure on the Pillar 2 Side-by-Side System Package. The country is seeking a solution acceptable to all parties. This announcement was
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Australia: ATO consults revised mining, petroleum tax guidelines
The Australian Taxation Office (ATO) has opened a public consultation regarding the revised guidance on mining and petroleum exploration expenditures and farm-out arrangements on 10 December 2025. ATO has released updates to three guidance
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