Taiwan: Tax authority urges organisations to join digitised donation deduction system
Taiwan’s National Taxation Bureau of the Northern Area has urged donation-receiving agencies and organisations to participate in the digitisation of documents related to donation deductions under the Comprehensive Income Tax, aligning with
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Thailand: Cabinet approves tax incentives for energy-saving equipment, solar rooftops
According to a Revenue Department release, the Thai Cabinet approved a draft royal decree on 25 November 2025 that introduces tax incentives for energy-efficient machinery, equipment, and materials, as well as for residential solar rooftop
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Ireland: Irish Revenue updates guidance on unapproved share option schemes
Irish Revenue has released eBrief No. 221/25 on 26 November 2025, outlining revisions to its guidance on the tax treatment of “unapproved share option schemes.” These schemes involve situations where a company grants an employee or director the
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South Africa: SARS Updates Crypto Reporting Rules Under CARF, CRS
The South African Revenue Service (SARS) has issued new regulations implementing the OECD Crypto-Asset Reporting Framework (CARF) and revising the Common Reporting Standard (CRS) related to crypto assets. The updates include enhanced due diligence
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Qatar: GTA launches five-year strategy to modernise tax system
Qatar’s General Tax Authority (GTA) has launched its five-year strategy aimed at advancing a modern tax system that supports Qatar’s sustainable development during an official ceremony attended by GTA employees and partners. This announcement
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UK: HMRC updates making tax digital guidance for income tax
The UK’s HM Revenue and Customs (HMRC) updated its guidance on Making Tax Digital (MTD) for income tax on 26 November 2025 as part of preparations for mandatory digital reporting from 6 April 2026. The revisions clarify penalty rules,
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UAE: MoF updates VAT law to enhance transparency and efficiency
The UAE’s Ministry of Finance (MoF) has announced on 3 December 2025, the issuance of Federal Decree-Law No. (16) of 2025 amending certain provisions of Federal Decree-Law No. (8) of 2017 on Value Added Tax, which will enter into force as of 1
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OECD reports global economy shows strength amid persistent vulnerabilities
The OECD has released the OECD Economic Outlook, Volume 2025, Issue 2 on 2 December 2025. Global economy proves resilient but remains fragile The global economy has proved resilient this year but underlying fragilities remain, according to the
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Italy: Revenue Agency sets banking foundations tax credit for 2025
Italy’s Revenue Agency has announced that banking foundations will receive a tax credit of 18.1982% for 2025 through the provision of 3 December 2025. The rate was calculated based on the ratio of available resources, equal to EUR 10 million,
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El Salvador: MoF extends hours at express service centres to support taxpayers
El Salvador’s Ministry of Finance announced that, starting 1 December 2025, all Express Service Centres will operate with extended hours to better serve taxpayers. The new schedule is as follows: Monday to Friday: 7:30 a.m. – 5:00 p.m.
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Belgium: SPF Finances introduces a three-month grace period for e-invoicing from January 2026
Belgium’s tax authority (SPF Finances) announced on 2 December 2025 that businesses subject to VAT will have a 3-month grace period to comply with the new electronic invoicing requirement. This rule, which officially takes effect on 1 January
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Chile: SII implements new compliance requirements for digital platform operators, payment service providers
Chile’s tax authority (SII) has issued Resolution No. 168 on 27 November 2025, setting out clear rules for how electronic payment service providers and digital platforms that facilitate transactions between buyers and sellers must verify and
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Bolivia: SIN defers agricultural tax system deadlines to December 2025
Bolivia’s tax authority (SIN) issued Normative Board Resolution RND 102500000046 on 27 November 2025, specifically addressing the obligations of those operating under the Unified Agricultural Regime (Régimen Agropecuario Unificado, RAU), which
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Australia enacts stricter beneficial ownership rules, extends tax incentives for small businesses
The Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Bill 2025 cleared both chambers of the Australian Parliament on 27 November 2025, without any changes to the version initially introduced. The final steps before it
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Honduras: Deadline approaches for MNE group CbC reporting notification
Multinational enterprise (MNE) groups operating in Honduras must submit their Country-by-Country (CbC) reporting notification by 31 December 2025, in line with Agreement SAR-653-2023, published in the Official Gazette on 19 March 2024. Under the
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Qatar: GTA announces amendment to withholding tax forms
Qatar’s General Tax Authority (GTA) announced an amendment to the withholding tax forms on 26 November 2025, adding a field for the contract notification reference number issued through the “Tax” system, in addition to the contract reference
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Bulgaria: Government withdraws 2026 draft budget law amid protests
Bulgaria’s government announced the withdrawal of its proposed 2026 State Budget, along with the draft Social Security and National Health Insurance budgets, after widespread protests against planned tax and social contribution increases on 2
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Switzerland: Federal Council announces CRS update, new crypto reporting rules
Switzerland’s Federal Council has announced amendments to the Ordinance on the International Automatic Exchange of Information in Tax Matters (AEOI Ordinance), updating rules to align with the OECD’s Common Reporting Standard (CRS) and
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