France approves Amount B simplified transfer pricing method for transactions with developing countries
France will restrict the use of the OECD's Amount B transfer pricing method to transactions with developing nations that have adopted the method and have a bilateral tax treaty with France, excluding non-qualifying jurisdictions. France
See More
UK HMRC updates top-up tax rules to align with 2025 OECD guidance
UK updates top-up tax rules to align with OECD Pillar Two guidance, effective mostly from 31 December 2025. UK HMRC has released a policy paper on 21 July 2025 outlining additional changes to the Multinational Top-up Tax and the Domestic Top-up
See More
Germany gazettes law to boost business competitiveness, R&D changes to enter into force next year
Germany has enacted a new investment programme law to enhance its appeal as a competitive business location, with most provisions effective from 19 July 2025 and R&D measures applying from 2026. Germany has published the Act (BGBl. I) in the
See More
Ireland: Revenue issues guidance on taxation of income from social media and promotional activities
Irish Revenue has issued guidance on the tax treatment and compliance obligations for income earned from social media and promotional activities under Income Tax and Corporation Tax rules. Irish Revenue released eBrief No. 138/25 on 21 July 2025
See More
Angola: Financial sector to face higher corporate tax from 2026
Angola's new Corporate Income Tax Code, effective 1 January 2026, includes 35% for financial institutions, insurance, and telecoms, 25% for most sectors, and 10% for agriculture.  Angola will introduce a new Corporate Income Tax (IRPC) Code,
See More
Kazakhstan adopts new tax code, introduces additional R&D tax deduction to 200%
The Tax Code, effective 1 January 2026, introduces a standard CIT rate of 20%, adjusted CIT rates for various sectors, a VAT increase from 12% to 16%, with various exemptions. Kazakhstan has introduced a new Tax Code, as per Law No. 214-VIII,
See More
Ecuador cuts taxes on private electric vehicles and eases tourism VAT rules
Ecuador has enacted a new law granting VAT and import duty exemptions for private-use EVs and expanding flexibility in tourism-related VAT reductions, effective from 14 July 2025. Ecuador has introduced tax relief for private-use electric
See More
Lithuania: Parliament reviews investment incentive for select municipalities
Lithuania plans to reduce taxable profit for companies investing in designated municipalities, allowing up to a 100% deduction on eligible fixed asset costs from 2026. The Lithuanian parliament (Seimas) is reviewing a draft bill proposing a
See More
Hong Kong: IRD launches three new eTAX portals
The three new tax portals are expected to enhance the efficiency and user experience of electronic tax services in Hong Kong. The Hong Kong Inland Revenue Department announced on 22 July 2025 that it had launched three new tax portals under
See More
Malawi lowers tax for select non-resident companies
The Malawi government has abolished the 5% repatriation tax for non-resident companies, increased withholding tax on gambling winnings to 10%, and exempted bread from the 16.5% VAT. Malawi has implemented new tax laws through the Taxation
See More
European Commission adopts proposal for council decision on amending protocol to AEOI-CRS agreement with Andorra
The European Commission adopted a decision on 17 July 2025 to authorise signing a protocol with Andorra for automatic exchange of financial account information under the OECD's common reporting standard. The European Commission (EC) adopted
See More
Russia: Parliament proposes zero VAT on lightweight drones
The initiative seeks to enhance domestic drone manufacturing, and the zero VAT rate is expected to remain until 31 December 2027. Russia’s parliament has proposed draft law no. 962796-8 aimed at boosting domestic drone production. It proposes
See More
Iceland issues guidance on cruise ship tax, infrastructure fees
Operators must submit passenger reports within seven days of departing Iceland, with an ISK 400 lodging tax for domestic voyages and an ISK 2,500 infrastructure charge for international docked vessels. Iceland’s Revenue and Customs issued
See More
Zambia advances 2025 tax reform, proposes 1% minimum alternative tax for businesses
Key proposals include a 1% MAT on turnover, 15% to 20% withholding tax on government securities, and excise duty hikes on cigarettes, alcohol, sugary drinks, and betting services. Zambia's National Assembly has advanced the Income Tax
See More
Russia: Parliament proposes VAT reduction on food products
This proposed legislation aims to lower the VAT rate on certain food items from 10% to 5%. Russia’s parliament has proposed draft law No. 955850-8, which seeks to reduce the VAT rate on specific food products from 10% to 5%. The initiative aims
See More
Colombia: Council of State rules that there is no legal deadline for sending electronic messages confirming receipt of invoices
The ruling focused on the interpretation of Article 616-1 of the Tax Code, particularly regarding the electronic acknowledgement messages confirming receipt of the electronic sales invoice and the goods or services acquired in credit
See More
Ireland to increase infrastructure spending by 30%Â
The updated National Development Plan outlines a wide-ranging strategy for infrastructure development from 2026 to 2030, focusing on housing, energy, water, and transport. Ireland’s government has announced a major boost to infrastructure
See More
US reduces reporting requirements for small businesses, freelancers, payment platforms
Recent tax law changes under President Trump's tax package reduce IRS reporting requirements for small businesses and freelancers, easing administrative burdens but potentially increasing income underreporting and widening the tax gap. Recent
See More