Argentina: ARCA extends deadline for accessing income tax payment facility
The new deadline is set at 28 November 2025. Argentina's tax authority (ARCA) has announced an extension for taxpayers to join the payment facility regime on 22 October 2025, aimed at regularising income tax balances, including adjustments for
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Italy: MoF releases 2026 VAT split-payment company lists
Under the split-payment system, buyers pay suppliers only the taxable amount, while the VAT portion is transferred directly to a designated VAT account. Italy's Department of Finance has released updated lists of companies required to comply with
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UN Tax Committee begins 31st session to advance model convention, treaty manual update, and extractive industry taxation
The UN Committee of Experts opened its 31st session in Geneva on 21 October 2025 to discuss updates to the Model Tax Convention, revise the treaty negotiation manual, and address extractive industry taxation, forming subcommittees for the first two
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Bulgaria: Council of Ministers approves CRS MCAA addendum to include crypto-asset reporting
Bulgaria approved the CRS MCAA Addendum on 21 October 2025, expanding reporting to include crypto-assets under the OECD’s CARF, with exchanges set to begin by 2027. The Bulgarian Council of Ministers approved the Addendum to the 2024
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Sri Lanka: IRD urges taxpayers to urgently updating information
Non-compliance may result in a fine of up to LKR 50,000 under Section 177 of the Inland Revenue Act No. 24 of 2017. The Sri Lankan Inland Revenue Department (IRD) has issued an urgent Notice to Taxpayers, urging all citizens to update their
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Saudi Arabia: ZATCA urges businesses to file Q3 VAT returns
ZATCA urged Saudi businesses to file Q3 VAT returns on time. The Saudi Arabian Zakat, Tax and Customs Authority (ZATCA) has urged businesses subject to Value Added Tax (VAT), with annual goods and services revenues exceeding SAR 40 million, to
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Kenya: KRA announces fringe benefit, deemed interest rates for Q4 2025
The Kenya Revenue Authority has announced the applicable market and deemed interest rates for the final quarter of 2025, outlining the corresponding withholding tax obligations for employers under the Income Tax Act. The Kenya Revenue Authority
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Philippines: Government to form task force on tax and regulatory issues
The Department of Finance, in partnership with private sector stakeholders, is leading a multi-sectoral working group focused on improving the country’s investment environment and creating more employment opportunities. According to a
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Hungary: Parliament reviews Autumn Tax Package measures
Hungary’s draft autumn tax package, presented on 14 October 2025, proposes adjustments across corporate, VAT, insurance, retail, and advertisement taxes—including R&D incentives, global minimum tax compliance, reduced VAT on beef,
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Hungary: Government presents DAC8, DAC9 implementation bill to parliamentÂ
The legislation aims to align Hungarian law with EU directives by regulating crypto-asset reporting and implementing global minimum tax rules. Hungary’s government has presented Bill No. T/12802 on the implementation of DAC8 and DAC9 in the
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Bolivia: SIN extends agricultural unified tax system obligations deadline for 2024 fiscal year
The deadline was extended because agricultural associations requested more time. Bolivia’s tax authority (SIN) has issued Resolution RND 102500000039 on 10 October 2025, granting an extension for obligations related to the Unified
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EU officially issues regulation to streamline, enhance the carbon border adjustment mechanism (CBAM)
The amended Regulation is the final step in the formal adoption process, signed by the European Parliament and the Council and a key step towards fostering a more competitive and sustainable business environment while effectively addressing climate
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US: Treasury, IRS provide transition relief for 2025 for businesses reporting car loan interest under the One, Big, Beautiful Bill
The notice provides penalty relief and guidance to certain lenders for new information reporting requirements for car loan interest received in 2025 under the OBBB. The Department of the Treasury and the Internal Revenue Service (IRS) issued
See MoreItaly: Council of Ministers approves 2026 draft state budget, multi-year budget for 2026-28
Italy's 2026 draft budget introduces a new three-year tax credit for businesses in SEZs, extends plastic and sugar tax exemptions until 2026, allocates EUR 100 million for SLZs, and refinances the Nuova Sabatini incentive. Italy’s Council of
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Poland: Parliament approves increased corporate taxes on financial institutions
Poland raised bank corporate tax rates from 2026 and gradually lowered the bank tax for other financial institutions. The Polish parliament (Sejm) approved amendments to the Corporate Income Tax (CIT) Act and related taxes for financial
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Morocco: Government presents 2026 Finance Bill to the parliament
The 2026 Finance Bill introduces broad tax reforms, including expanded corporate and personal income tax withholding, new VAT exemptions for specific goods and investments, the launch of a petroleum product marking system, and the introduction of a
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EU signs amending protocol updating tax cooperation agreement with Switzerland
The EU and Switzerland have signed a protocol updating tax cooperation, expanding automatic financial data exchange and introducing a framework for VAT recovery, effective from 2026. The European Commission announced, on 20 October 2025, that it
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Bangladesh: NBR publishes english version of Income Tax Act 2023
Bangladesh’s NBR publishes English version of Income Tax Act 2023 for clearer guidance to taxpayers. The National Board of Revenue (NBR) issued the Authentic English Text of the Income Tax Act 2023 in the official gazette through SRO
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