Australia: ATO announces GIC, SIC rates for Q2 2025-26
From 1 October 2025, the GIC annual rate will be 10.61%, and the SIC annual rate will be 6.61%. The Australian Taxation Office (ATO) announced the general interest charge (GIC) rates and shortfall interest charge (SIC) rates for the second
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Australia: Treasury consults on amendments to PPRT
The deadline for submitting feedback is 3 October 2025. Australia’s Treasury has issued a draft legislation for consultation under the Treasury Laws Amendment Bill 2025 to implement one of the key recommendations from the government’s 2017
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Australia: Treasury consults proposed tax concessions for alcohol producers
The deadline for submitting feedback is 22 September 2025. Australia’s Treasury has released draft legislation for consultation on proposed tax relief measures for alcohol producers as part of its 2025–26 Budget commitments. Higher rebate
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Australia: NSW Government to extend build-to-rent (BTR) tax concessions indefinitely
The draft legislation would make the 50% land tax reduction for build-to-rent properties permanent and grant stamp duty and land tax concessions to eligible foreign developers. Australia’s New South Wales (NSW) Government has introduced draft
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Australia: ATO consults on top 100 GST program changes
The deadline to submit comments is 29 September 2025. The Australian Taxation Office (ATO) has opened a consultation on 8 September 2025 regarding updates to its Top 100 Goods and Services Tax (GST) program. These changes are aimed at high
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Slovak Republic: MoF unveils 2026 public finance, tax reform measures
The key tax changes are in the corporate and investment sectors, which face higher taxes: the top corporate license fee rises to EUR 11,520, and the special levy jumps to 15%. Consumption taxes increase, with VAT on sugary/salty foods at 23% and
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Paraguay unveils new tax incentives for local, foreign investors
Key incentives include exemptions on customs duties, VAT, nonresident income tax, and dividend/profit tax for substantial investments in capital goods, industrial or agricultural production, and large-scale tourism or entertainment projects, subject
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Philippines introduces tax reforms targeting large-scale metallic mining activitiesÂ
Republic Act No. 12253 takes effect on 20 September 2025, affecting large-scale metallic mining contractors 150 days later, with implementing rules to be issued within 90 days. The Philippines has published Republic Act No. 12253, an Act
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Nigeria gazettes tax reform acts, updates corporate and minimum effective tax ratesÂ
The Nigeria Tax Act 2025 and the Nigeria Tax Administration Act 2025, which will take effect on 1 January 2026, as well as the Nigeria Revenue Service (Establishment) Act 2025 and the Joint Revenue Board (Establishment) Act, which came into force on
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Portugal updates blacklist of favourable tax jurisdictions
Portugal delists Hong Kong, Liechtenstein, and Uruguay from its tax blacklist. Portugal has issued Ordinance No. 292/2025/1 on 5 September 2025, introducing changes to the list of jurisdictions considered to have privileged tax regimes under
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Taiwan: MoF revises annual sales threshold for offshore e-service tax registration
Taiwan’s Ministry of Finance has set a new TWD 600,000 annual sales threshold for offshore electronic service providers to register for tax. Taiwan’s Ministry of Finance has announced guidance on the yearly sales threshold required for
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Russia proposes reduced VAT on essential goods
Russia proposes VAT cut on essential food items, children’s products, periodicals, and medical items. The Russian State Duma received draft law No. 1011590-8 on 8 September 2025, proposing a reduction of the value-added tax (VAT) rate from 10%
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Russia: Central Bank maintains foreign cash restrictions amid sanctions
Russia’s central bank maintains foreign cash limits under sanctions. The Bank of Russia maintains restrictions on cash currency in connection with the sanctions in force against our country, which prohibit domestic financial institutions from
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Sri Lanka: Inland Revenue announces end of SVAT scheme
The Inland Revenue Department will repeal the SVAT Scheme from 1 October 2025, with September (monthly) and July (quarterly) being the last periods under SVAT, after which standard VAT rules apply. Sri Lanka’s Inland Revenue Department has
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Ireland: Irish Revenue revises VAT registration guidance
The guidance provides updates the Tax and Duty Manual Part 38-01-03b, which provides guidelines for VAT registration. Irish Revenue’s eBrief No. 168/25, released on 3 September 2025, updates the Tax and Duty Manual Part 38-01-03b, which
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Vietnam: Government issues decree on Pillar 2 global minimum tax implementation, includes compliance
The Decree outlines Vietnam’s Pillar 2 global minimum tax rules for MNEs, including IIR and QDMTT, specifying notification, registration, and reporting deadlines. Vietnam’s government announced that it has issued Decree No. 236/2025/ND-CP,
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Chile: SII provides clarification on new VAT Rules for low-value products purchased via remote sellers, online platforms
Ruling No. 1688-2025 states that DPIs selling low-value goods in Chile are not VAT taxpayers, must include all charges in the total price, and can reclaim excess VAT on returned goods after refunding the customer. Chile’s Tax Administration
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Iceland presents 2026 Budget, proposes implementation of Pillar 2 global minimum tax
Iceland’s 2026 Budget introduces the Pillar 2 global minimum tax (IIR and QDMTT), a kilometre-based vehicle tax, and a phased removal of fuel excise duties with higher carbon taxes. Iceland's Finance Minister, Daði Már Kristófersson,
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