Italy issues VAT rules for transportation and logistics sector
The new VAT rules mandate customers in the transportation, freight handling, and logistics sectors to pay VAT on behalf of suppliers for subcontracting, consortiums, or similar contracts. Italy’s director of tax authorities has enacted
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US clarifies tax policy for digital assets
The report is the outcome of President Trump's executive order to establish a "working group" for developing a regulatory framework for digital assets. The US President’s Working Group on Digital Asset Markets has issued a report titled
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Australia: ATO announces foreign exchange rates for 2025–26 income year
The ATO has updated its foreign exchange rate guidance, including monthly exchange rates for 1 July 2025 to 30 June 2026. The Australian Taxation Office (ATO) has released guidance on monthly exchange rates for the period from 1 July 2025 to 30
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Ireland: Irish Revenue issues updated partnership taxation guidelines
The Tax and Duty Manual details the types, taxation, administrative rules, returns, appeals, and penalties applicable to Irish partnerships. Irish Revenue has released eBrief No. 149/25 introducing a new Tax and Duty Manual (TDM) Part 43-00-03,
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Turkey extends 0% withholding tax on government securities until 2025
he Presidential Decision extends the 0% withholding tax on income from treasury bills, government bonds, and lease certificates until 31 December 2025. Turkey has extended the 0% withholding tax rate on income derived from treasury bills and
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Nigeria: FIRS ends issuance of tax waiver certificates
The suspension takes effect immediately, halting new certificate approvals while existing ones remain valid until expiry with no renewals allowed. Nigeria’s Federal Inland Revenue Service (FIRS) announced on 30 July 2025, the cessation of
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Brazil updates e-invoicing layouts
The government’s Technical Note 2025.002 version 1.20 updates the e-invoicing layouts and reviewing version 1.10 to align with the upcoming IBS/CBS indirect tax model under the tax reform. Brazil’s government has issued Technical Note
See MoreIreland issues revised GMT guidelines for MNEs, domestic groups
The updated guidance on OECD Pillar Two global minimum tax clarifies rules for insurance investment entities, intra-group financing adjustments, pre-transition tax changes, and transitional CbC reporting safe harbor rules. The Irish Revenue
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Luxembourg: Government proposes bill to enforce DAC9, align Pillar Two with OECD standards
DAC9 introduces new rules for sharing top-up tax information and filing obligations under the Pillar Two GMT Directive (Directive (EU) 2022/2523). Luxembourg’s government submitted a draft bill to the parliament to implement Council Directive
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Ghana announces new tax measures in 2025 mid-year budget, removes exemption on marine gas oil
The 2025 mid-year budget introduces tax reforms, removing marine gas oil tax exemptions for non-artisanal fishing fleets, enhancing the modified taxation system with digital tools, and simplifying VAT to reduce rates and exempt small
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UK unveils digital tax strategy roadmap with focus on e-invoicing
The UK aims to modernise its tax and customs systems through a digital strategy centred on e-invoicing and improved compliance. The UK’s tax, payments, and customs authority, HM Revenue and Customs (HMRC), has set out its “digital by
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Cambodia to implement new capital gains tax from September 2025
The new 20% capital gain tax on capital asset sales takes effect September 2025, with specific rules and exemptions for residents and non-residents. The Ministry of Economy and Finance of Cambodia issued Prakas No. 496 on 18 July 2025,
See MoreCambodia expands mandatory e-invoicing to six more ministries
The Ministry of Economy and Finance has extended mandatory e-invoicing to six additional ministries as part of Phase 2 in the national rollout. The Ministry of Economy and Finance (MEF) of Cambodia has issued Circular No. 012, extending the
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Greece amends corporate, VAT, personal tax laws
Law 5222/2025 introduces changes to VAT, income tax, customs and real estate rules, following public consultation and EU alignment efforts. Greece enacted Law 5222/2025 on 28 July 2025, introducing changes to corporate income tax, VAT, income
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Greece expands and strengthens rules for alternative tax regimes
The amended tax regimes revise inheritance and gift tax exemptions and expand provisions for skilled employees. Greece has amended its alternative tax regimes for incoming tax residents introduced under Law 5222/2025, which were published on 28
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Poland: KAS intensifies measures against tax avoidance, profit outflows
The Ministry of Finance intends to set up a dedicated centre at the Małopolska Customs and Tax Office in Kraków to carry out its plans. Poland’s Ministry of Finance announced a new initiative on 31 July 2025 to address aggressive tax planning
See MoreAustralia: ATO issues guidance on fraudulent GST refund schemes
The alert warns businesses against colluding with related entities to create fake invoices for fraudulent GST refund claims. The Australian Taxation Office (ATO) has issued a new taxpayer alert - TA 2025/2: Arrangements designed to improperly
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Australia: Productivity Commission proposes corporate tax cuts amongst other tax reforms
The proposal is open for consultation and is set to conclude on 15 September 2025. Australia’s Productivity Commission has published an interim report on 31 July 2025, proposing major changes to the country’s corporate tax framework. The
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