OECD reports Economic diversification key to boosting growth in Latin America, Caribbean states
The OECD issued a report titled, Latin American Economic Outlook 2025: Promoting and Financing Production Transformation on 7 November 2025, stating that Latin America and the Caribbean have strong potential in renewable energy and digital
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Hungary gazettes laws on ratification of CARF MCAA
Hungary’s President has signed the Law No. LXXIII of 2025 on the Multilateral Competent Authority Agreement on Automatic Exchange of Information Pursuant to Crypto-Asset Reporting Framework (CARF MCAA), and its list of participating jurisdictions,
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Hungary gazettes laws on ratification of DPI MCAA
Hungary’s President has signed the Law No. LXXIII of 2025 on the Multilateral Competent Authority Agreement on Automatic Exchange of Information on Income Derived Through Digital Platforms (DPI MCAA) approving the DPI MCAA and its list of
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Nigeria: NIPC introduces new economic development tax incentive regime
The Nigerian Investment Promotion Commission (NIPC) announced on 5 November 2025 that applications for the Pioneer Status Incentive (PSI) would close on 10 November 2025, ahead of the rollout of the new Economic Development Tax Incentive (EDTI)
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Turkey: Revenue Administration issues tax guide for associations, foundations
The Turkish Revenue Administration has published a comprehensive guide on 5 November 2025, explaining the tax obligations, exemptions, and reporting requirements for associations and foundations. The guide clarifies how non-profit entities are
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Taiwan: National Taxation Bureau explains estate tax rules for untransferred property sales
The Taipei National Taxation Bureau of Taiwan’s Ministry of Finance stated that it often receives inquiries regarding situations where a deceased person (the decedent) had sold real property before death, but the ownership transfer registration
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Mexico: Central bank cuts interest rate to 7.25%
Mexico’s central bank, Bank of Mexico, has cut its benchmark interest rate by 25 basis points to 7.25%, continuing its cycle of rate reductions. This is the lowest level since May 2022. Deputy Governor Jonathan Heath has opposed a rate cut due
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Slovenia launches DAC8 crypto reporting website
Slovenia’s tax authorities launched a dedicated website to guide crypto asset service providers on DAC8 and CARF reporting on 3 November 2025 Following its accession to the Multilateral Agreement on 27 November 2024, Slovenia extended automatic
See MoreTaiwan: NTB urges separate invoices for gold jewellery, processing fees
Taiwan’s Northern Region National Taxation Bureau (NTB) has reminded businesses selling pure gold jewellery to issue separate invoices for gold and processing fees, in line with tax regulations. As international gold prices continue to hit
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Kazakhstan: MoF introduces conditional VAT registration for foreign firms
Kazakhstan’s Ministry of Finance has introduced new rules for foreign companies to register for VAT when selling goods or providing services through online platforms. These rules were issued via Ministry of Finance Order No. 636 of 28 October 2025
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US: Minnesota revises tax forms due to One Big Beautiful Bill Act (OBBBA) nonconformity
The US State of Minnesota has updated its draft tax forms and instructions for 2024 and 2025 to reflect federal tax changes from the One Big Beautiful Bill Act (OBBBA) passed in July 2025. However, as of 1 May 2023, Minnesota's tax code conforms
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US: IRS services remain limited as US government shutdown hits record length
The ongoing US federal government shutdown, which began on 1 October 2025, has become the longest in history, lasting 37 days as of 6 November 2025. The IRS is heavily impacted, with most staff furloughed and limited capacity to process returns,
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Hong Kong: IRD mandates digital residency certificate for tax benefits under mainland China agreement
The Hong Kong Inland Revenue Department (IRD) has announced that, effective 10 November 2025, the Hong Kong Special Administrative Region will issue digital Certificates of Resident Status in place of paper certificates for tax benefits under the
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Saudi Arabia: ZATCA reminds firms of withholding tax forms submission deadline
The Saudi Zakat, Tax, and Customs Authority (ZATCA) has reminded establishments subject to Withholding Tax in the Kingdom to submit their October 2025 withholding tax forms by 10 November. This announcement was made on 5 November
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Slovak Republic gazettes regulation on DAC8 implementation
The Slovak Republic has gazetted a regulation under the Act on Automatic Exchange of Information on Financial Accounts for Tax Administration, implementing the Amending Directive to the 2011 Directive on Administrative Cooperation (DAC8)
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Poland: Council of Ministers adopts draft law for updating PKD codes Excise Duty Act
Poland's Council of Ministers adopted a draft act for amending the Excise Duty Act on 4 November 2025. The draft act updates excise tax regulations to align with the new Polish Classification of Activities (PKD). Specifically, PKD codes will be
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Czech Republic: New government plans corporate tax cut, key economic reforms
The Czech Republic's new incoming government has unveiled its draft program, pledging not to increase taxes. The draft program declaration of the Czech Republic government, slated for November 2025, outlines an ambitious plan for securing sound
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US: New York City consults on proposed business corporation tax regulations
The New York State Department of Finance (DOF) is in the process of developing regulations for the business corporation tax, which was enacted in 2015. On 27 December 2023, the New York State Department of Taxation and Finance published a new set
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