Hong Kong: IRD consults CARF adoption, CRS rules update
Hong Kong’s Inland Revenue Department (HKIRD) has launched a public consultation on 9 December 2025 on the implementation of the Crypto-Asset Reporting Framework (CARF) and amendments in relation to the Common Reporting Standard (CRS) promulgated
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Qatar: GTA launches ‘Tabadol’ portal for CbC reports
Qatar’s General Tax Authority (GTA) announced the launch of the “Tabadol” portal for submitting Country-by-Country Reports (CbCR) for the 2024 fiscal year, along with notifications for 2025, on 10 December 2025. The submission deadline is
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France strengthens transfer pricing rules under 2024 Finance Act
France has introduced new measures to reinforce the administration’s ability to detect and penalise abusive transfer pricing practices, following the publication of updates linked to Article 116 of Finance Act No. 2023-1322 of 29 December 2023 for
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Norway: Parliament approves 2026 budget bill, corporate tax rate unchanged
Norway’s parliament passed the proposed 2026 Budget bill on 5 December 2025. This follows Norway’s government's presentation of its 2026 state and national budget proposals on 15 October 2025. The bill boosts welfare, defence, and climate
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US: New Hampshire introduces one-time tax amnesty regime
New Hampshire’s Department of Revenue (DRA) announced that its one-time tax amnesty program, enacted under H.B. 2 in June, began on 1 December 2025 and will continue until 15 February 2026. Amnesty is available to any taxpayer who has a
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Brazil: RFB aligns crypto reporting rules with CARF standards
Brazil’s Federal Revenue Service (RFB) has released Normative Instruction No. 2291 of 14 November 2025, which updates the country’s crypto-asset reporting rules to align with the OECD Crypto-Asset Reporting Framework (CARF). The Federal
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Bahrain: NBR updates VAT guidance for real estate sector
Bahrain’s National Bureau for Revenue (NBR) has published Version 1.5 of its VAT Real Estate Guide, dated 18 November 2025, providing updated guidance on Value Added Tax in the Kingdom’s real estate sector. The update clarifies the VAT
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UK to adopt OECD framework for real estate information exchange
The UK and 24 other jurisdictions have announced their intention to implement the OECD’s latest tax transparency framework for the automatic exchange of information on immovable property (real estate). This announcement was made on 4 December
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Singapore: IRAS publishes ninth edition REIT ETF tax guide
The Inland Revenue Authority of Singapore (IRAS) has updated e-Tax Guides concerning Income Tax Treatment of Real Estate Investment Trust Exchange-Traded Funds (Ninth Edition) on 4 December 2025. This e-Tax Guide explains the income tax
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UK increases taxable benefits for company cars, vans and fuel for 2026/27
The UK has increased the taxable benefits for company cars, vans, and fuel for the 2026/2027 tax year. The changes are outlined in the Van Benefit and Car and Van Fuel Benefit Order SI 2025/1254, made on 1 December 2025. From 6 April 2026, the
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South Africa: SARS updates average exchange rates for major currencies
The South African Revenue Services (SARS) released updated Average Exchange Rates on 5 December 2025, providing essential data for calculations. The update includes rates for the Australian dollar, Canadian dollar, Euro, Hong Kong dollar, Indian
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US: Florida updates rules on corporate income tax conformity, addbacks
The Florida Department of Revenue has released TIP 25C01-01 on 1 December 2025, providing explanation on how Florida’s updated static conformity to the federal Internal Revenue Code, now effective from 1 January 2025, affects corporate income tax,
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Oman: Tax Authority updates e-invoicing FAQs ahead of phased rollout
The Oman Tax Authority (OTA) has released an updated set of Frequently Asked Questions (FAQs) on e-invoicing, providing detailed guidance on the country’s electronic invoicing framework. The e-invoicing rollout, initially planned for 2024, was
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Taiwan: Ministry of Finance clarifies business tax inclusive pricing
The Taiwan’s Taipei National Taxation Bureau of the Ministry of Finance has stated that for goods or services subject to business tax, business operators must include the tax in their pricing and issue uniform invoices for business tax reporting
See MoreFrance: Tax authority issues guidance on Pillar 2 global minimum tax
France’s tax authority has updated its guidance on the Pillar 2 global minimum tax to clarify reporting requirements under the complementary tax regime introduced in the 2024 Finance Law on 9 December 2025. The guidance highlights the release of
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US: New Jersey clarifies exclusion of OBBBA deductions
New Jersey’s Division of Taxation has clarified that it will not adopt the new federal deductions introduced by the "One Big Beautiful Bill Act" (OBBBA) for Gross Income Tax (GIT) purposes. The state also clarified that the OBBBA’s changes to
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UK: HMRC publishes guidance on transferring a business out of a company
The UK’s HM Revenue & Customs (HMRC) has published a guidance, on 1 December 2025, for business owners on how to disincorporate a company and continue running its business directly, either as a sole trader or partnership. The guidance also
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OECD reports labour taxes push 2024 tax revenues to all-time peak
The OECD released its report Revenue Statistics 2025 on 9 December 2025. Data on government sector receipts, especially taxes, are essential inputs for most structural economic descriptions and analyses and are increasingly used in cross-country
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