Indonesia: Central bank again cuts interest rate to 4.75%
Bank Indonesia (BI) previously cut its benchmark interest rate by 25 basis points to 5.00% on 20 August 2025. Indonesia's central bank, Bank Indonesia (BI), has announced its sixth interest rate cut since starting its easing cycle in September
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Hong Kong: HKMA cuts interest rate to 4.50%
The Hong Kong Monetary Authority (HKMA) cut its base rate by 25 basis points to 4.50%, following the US Federal Reserve’s move. Hong Kong's central bank, the Hong Kong Monetary Authority (HKMA), has reduced its base interest rate by 25 basis
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Canada: Central bank cuts interest rate to 2.50%
Bank of Canada lowered interest rate amid economic slowdown Canada’s central bank, the Bank of Canada, lowered its key interest rate by 25 basis points to 2.50% on Wednesday, 17 September 2025, marking its first rate cut since March. The
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Sri Lanka: IRD issued notice on ATPS tax credit verification
 IRD urged taxpayers to check 2020–21 ATPS credits. The Sri Lankan Inland Revenue Department (IRD) issued a Notice No. PN/PYMT/2025-01 on 10 September 2025, called on taxpayers to verify tax credits linked to payments made under the
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Greece: AADE announces B2B e-invoicing launch for large businesses
Greece set B2B e-invoicing mandatory from February 2026 with early adoption incentives. The Greek Public Revenue Authority (AADE) announced the official dates when businesses must start issuing electronic invoices (e-invoices) for
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Paraguay introduces tax incentives for electronics manufacturing, digital equipment
Paraguay’s Law No. 7546/2025 boosted investment and jobs in electronics and digital equipment. Paraguay has enacted Law No. 7546/2025, published on 8 September 2025 and effective from 9 September 2025, to promote investment and formal
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US: IRS announces tax relief to Wisconsin storm, flooding, and mudslides victims
Wisconsin taxpayers now have until 2 February 2026 to file various federal individual and business tax returns and make tax payments. The US Internal Revenue Service (IRS) released WI-2025-04 on 17 September 2025, in which it announced tax relief
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Ethiopia updates VAT registration rules, expands scope
Ministry of Finance issued Directive No. 1104/2025, requiring certain taxpayers to register for VAT and start collection within 30 days. Ethiopia’s Ministry of Finance issued Directive No. 1104/2025 on 3 September 2025, outlining updated
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Czech Republic: President signs bill amending rules Pillar 2 rules, updates top-up tax deadlines
The President of the Czech Republic signed a bill amending the Act on Top-Up Taxes, aligning Pillar 2 filing and local tax deadlines with OECD timelines. The President of the Czech Republic, Petr Pavel, signed a bill amending the “Act on Top-Up
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Lebanon: Government tables 2026 budget law draft, introduces amendments to corporate income tax
Lebanon submitted its 2026 Draft Budget Law to the Council of Ministers, proposing wide-ranging reforms across corporate tax, VAT, customs, excise duties, digitalisation, and tax incentives, including stricter deduction rules, and targeted
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Mexico: Tax authority publishes updated list of foreign digital service providers registered for tax
Tax authority on 15 September 2025 published an updated list of 268 registered foreign digital service providers. Mexico’s tax authority released an updated list of 268 foreign digital service providers registered for tax purposes on 15
See MoreHong Kong: Government introduces regulatory framework for basketball betting
The new basketball betting legislation is based on the existing system for football betting and takes effect upon publication in the official gazette. The Hong Kong SAR (HKSAR) government enacted the Betting Duty (Amendment) Bill 2025 on 11
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Georgia expands BEPS MLIs coverage with 22 new tax treaties
Georgia's Parliament Foreign Relations Committee approved ratifying several international agreements, including an update to Georgia's MLI reservations and notifications originally submitted on 29 March 2019. The Foreign Relations Committee of
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Ukraine: Parliament considers tax on digital platform income
The draft proposes a 5% individual income tax for qualifying Ukrainian resident sellers. Ukraine’s parliament is reviewing draft law No. 14025 on 9 September 2025, which will tax income earned by individuals through online platforms. The
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Poland reduces interest rates on tax arrears, late payments
MOF issued a notice on 12 September updating the interest rates. Poland’s Ministry of Finance (MOF) issued a notice on 12 September 2025 updating the interest rates applicable to tax arrears and late payments. The standard rate will
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Russia: Bank of Russia reduces key interest rate
Further decisions on the key rate will be made depending on the sustainability of the inflation slowdown and the dynamics of inflation expectations. The Bank of Russia announced, on 12 September 2025, a cut to the key interest rate by 100 basis
See MoreUS: Treasury, IRS adds 39 substances to superfund list subject to excise taxÂ
These additions will generally take effect for tax purposes starting 1 January 2026, while the specific effective dates for refund claims under section 4662(e) are detailed individually for each substance. The US Treasury Department and Internal
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Korea (Rep.): National Assembly proposes longer carryforward period for unused tech investment credits
The National Assembly is reviewing a bill to extend investment tax credit carryforwards from 10 to 20 years, effective retroactively from 2026. The Korean National Assembly is considering Bill No. 2212902Â which proposes extending the
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