Belgium postpones VAT modernisation plans until further notice
Belgium’s tax authority announced that the planned VAT system modernisation has been indefinitely postponed, with transitional measures remaining in place to maintain continuity. Belgium’s tax administration has released Circular 2025/C/62 on
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Egypt: Central bank lowers interest rate
Egypt’s central bank reduced its key interest rates, including the deposit, lending, main operation, and discount rates, by 100 basis points. The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) announced on 2 October 2025 to
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Finland: Parliament reviews bill to enact DAC9
Finland’s Parliament is reviewing a bill to implement the EU’s DAC9 directive following a public consultation that ended on 26 September 2025. Finland’s Parliament is reviewing draft bill HE 142/2025 vp as of 10 October 2025, which aims
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Malaysia presents 2026 Budget, extends R&D incentives
The 2026 income tax measures introduce new taxes, extended exemptions, and expanded incentives across sectors covering LLP profit distributions, foreign-sourced income, MSME listings, social enterprises, sustainable finance, carbon emissions,
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Brazil issues updated rules for indirect tax reporting
The updated guideline requires taxpayers to include IBS, CBS, and IS amounts in the total value reported on fiscal documents. Brazil has published new guidelines on the reporting of indirect taxes for the 2026 fiscal year, titled, Practical Guide
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Australia: ATO releases updated excise tax guidelines for duty-free shops
The revised guidelines align with recent legislative reforms introduced to simplify and modernise the overall excise administration process. The Australian Taxation Office (ATO) has updated its excise tax guidelines for the duty-free shops. These
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Australia: ATO releases updated excise tax guidelines for tobacco sector
The revised guidelines align with recent legislative reforms introduced to simplify and modernise the overall excise administration process. The Australian Taxation Office (ATO) has updated its excise tax guidelines for the tobacco industry.
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OECD publishes comments on copper transfer pricing framework for developing countries
The OECD toolkit helps developing countries tackle transfer pricing issues in the copper mining sector, building on their existing mineral pricing framework. The OECD released a compilation of public feedback on a draft toolkit designed to help
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Singapore introduces refundable investment credit regulations
Singapore enacts Income Tax (Refundable Investment Credits) Regulations 2025, introducing tax credits of up to 50% for qualifying business investments under Pillar 2 rules. Singapore has published the Income Tax (Refundable Investment Credits)
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Argentina: ARCA launches second phase of PAIS tax refund programme for importers
ARCA opened the second phase of a special procedure allowing importers to reclaim overpaid PAIS tax, with refund requests accepted from 6 October to 19 November 2025, following an initial stage earlier in the year. Argentina’s tax authority
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UK: HMRC publishes guidance on mandatory registration under CRS, FATCA
HMRC requires reporting financial institutions and trustee-documented trusts to register under CRS and FATCA by 31 December 2025, with CRS 2.0 updates affecting certain entities from 2026. UK’S HMRC has released guidance in its International
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EU launches infringement procedures against Belgium, France, Malta over small business VAT scheme
The European Commission has opened infringement procedures against Belgium, France, and Malta for failing to implement the IT systems required for the EU small business VAT scheme. The European Commission has urged Belgium, France, and Malta to
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Denmark proposes near-zero electricity tax for 2026–2027
Bill L 24 proposes cutting the general electricity tax to the EU minimum of 0.8 øre per kWh for 2026 and 2027. Denmark's Minister for Taxation submitted Bill L 24 to parliament on 8 October 2025, aiming to lower the general electricity tax to
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Greece implements EU small business VAT scheme
The measures apply retroactively from 1 January 2025. Greece adopted Law No. 5222, published on 28 July 2025, introducing the EU small business scheme for cross-border supplies, in line with Council Directive (EU) 2020/285 of 18 February
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India: NITI Aayog proposes tax clarity for foreign investors
The working paper recommends that the Ministry of Finance consider the proposed framework for inclusion in future Finance Bills, following consultations with industry, experts, and treaty partners. NITI Aayog’s tax policy group in India has
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France publishes guidance on Pillar 2 global minimum tax
France published BOI-IMG guidance regarding the implementation of the 15% global minimum tax for large domestic and multinational groups. The French tax authorities published the guidance (BOI-IMG), on 8 October 2025, regarding the implementation
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Saudi Arabia: ZATCA urges taxpayers to benefit from fines cancellation scheme
ZATCA urged taxpayers to use its fines and penalties exemption scheme before 31 December 2025. The Saudi Zakat, Tax and Customs Authority (ZATCA) has urged all taxpayers to leverage from the “Cancellation of Fines and Exemption of Penalties
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Denmark: Parliament reviews bill L 23 to implement EU DAC9
The bill proposes amendments to Danish tax laws to align with EU rules on Top-up tax reporting under DAC9, due by 31 December 2025. Denmark’s parliament is reviewing draft Bill L 23 on 8 October 2025, which aims to implement Council Directive
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