Poland: Parliament adopts 2026 Budget Act, increases bank tax rates
Poland’s Ministry of Finance announced, on 5 December 2025, that the lower chamber of parliament (Sejm) had adopted the Budget Act for 2026, introducing wide-ranging tax changes set to reshape the country’s fiscal landscape next year. The
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UAE: MoF publishes domestic minimum top-up tax guidance, FAQs
The UAE Ministry of Finance has released guidance and FAQs regarding the Domestic Minimum Top-up Tax, effective from 1 January 2025. Domestic Minimum Top-up Tax in the UAE (the "UAE DMTT") is applied to Constituent Entities that are members of
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Singapore: IRAS expands GloBE, DTT guidance with comprehensive new e-learning modules
The Inland Revenue Authority of Singapore has published a new suite of e-learning resources that provide in-depth guidance on the Global Anti-Base Erosion (GloBE) Rules and the Domestic Top-up Tax (DTT). The materials span eight main modules—each
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Cameroon: Parliament adopts Finance Act for 2026, introduces significant economic presence (SEP) standard
Cameroon’s Parliament has adopted the 2026 Finance Act on 26 November 2025, introducing tax measures from the 2026 Budget designed to expand the country’s fiscal base and strengthen revenue mobilisation. The legislation establishes a new
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UAE: MoF issues new resolution outlining fines for electronic invoicing non-compliance
The UAE’s Ministry of Finance has announced the issuance of Cabinet Resolution No. (106) of 2025, which establishes violations and administrative fines for non-compliance with legislation governing the Electronic Invoicing System. The measure
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South Africa: SARS to enhance transfer duty declaration process to improve compliance
The South African Revenue Service (SARS) announced on 8 December 2025 a series of enhancements to the Transfer Duty Declaration (TDC01) on eFiling, aimed at simplifying compliance, reducing inaccurate declarations, and strengthening the collection
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Slovak Republic revises financial transaction tax law, exempts self-employed individuals
The National Council of the Slovak Republic has passed an amendment to Act No. 279/2024 Coll. on the Financial Transaction Tax (FTT), bringing several significant changes into effect on 1 January 2026. Sole traders or self-employed individuals
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OECD: 26 jurisdictions agree to enforce international tax transparency on offshore real estate
The OECD announced, on 4 December 2025, that 26 jurisdictions have committed to implementing the new international framework for the automatic exchange of information on offshore real estate. This milestone marks a significant expansion of global
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Italy: Revenue Agency confirms VAT exemption for turnkey modular homes
The Italian Revenue Agency has clarified, on 5 December 2025, that fully finished modular homes, ready to be lived in and complete with utilities and finishes, are considered real estate and are generally exempt from VAT. VAT applies only if the
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Italy: Council of Ministers approves legislative decree to enforce DAC8
Italy’s Council of Ministers announced that it has approved the Legislative Decree implementing the Amending Directive to the 2011 Directive on Administrative Cooperation (2023/2226)(DAC8) on 4 December 2025. The new provisions align with the
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OECD publishes 2025 public trust in tax report
The OECD announced the release of its report, Public Trust in Tax 2025: Asia and Beyond, on 4 December 2025. Public trust in tax remains strongest in Asia—particularly South-East Asia—and the Anglophone Pacific (Australia, Canada, New
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Uzbekistan outlines 2026–28 budget and fiscal plan, proposes higher corporate income tax
Uzbekistan's Ministry of Economy and Finance has announced the Budget and Tax Policy for 2026 to 2028 on 26 November 2025. A cornerstone of the forthcoming tax strategy is the consistency of the primary ad valorem tax rates, providing
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Australia: ATO publishes final guidance on public CBC reporting exemptions
The Australian Taxation Office published Practice Statement Law Administration PS LA 2025/2, Public country-by-country reporting exemptions, on 8 December 2025. The statement sets out the administrative approach to the Commissioner's discretion for
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Algeria launches online service for fuel consumption tax payments
Algeria’s General Directorate of Taxes has introduced a new online service allowing vehicle and truck owners travelling to neighbouring countries to pay the fuel consumption tax via the “Tabioucom” platform. The service enables users to pay
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UK: Parliament considers Finance Bill containing 2025 budget proposals
The UK Parliament is currently reviewing the Finance (No. 2) Bill (Bill 342 for 2024–26), which was introduced to the House of Commons on 4 December 2025. The bill has completed its first reading and outlines the key tax and financial measures
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Sri Lanka: IRD further extends income tax deadline due to cyclone Ditwah
Sri Lanka’s Inland Revenue Department (IRD) has further extended the deadline for submitting Income Tax Returns for the 2024/2025 assessment year to 31 December 2025. The extension follows widespread disruption caused by Cyclone Ditwah, which made
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Taiwan: Southern National Taxation Bureau outlines tax treaty relief for overseas e-commerce operators
Taiwan’s Southern National Taxation Bureau has reminded domestic enterprises that overseas e-commerce operators may qualify for tax reduction or exemption on business profits under comprehensive tax treaties, provided they meet the required
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New Zealand: Inland Revenue consults shareholder loans
New Zealand Inland Revenue launched a public consultation on 4 December 2025 on the taxation of company loans to shareholders. The consultation proposes a new 12-month time limit, under which certain shareholder loans would be treated as
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