OECD publishes 2025 public trust in tax report
The OECD announced the release of its report, Public Trust in Tax 2025: Asia and Beyond, on 4 December 2025. Public trust in tax remains strongest in Asia—particularly South-East Asia—and the Anglophone Pacific (Australia, Canada, New
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Uzbekistan outlines 2026–28 budget and fiscal plan, proposes higher corporate income tax
Uzbekistan's Ministry of Economy and Finance has announced the Budget and Tax Policy for 2026 to 2028 on 26 November 2025. A cornerstone of the forthcoming tax strategy is the consistency of the primary ad valorem tax rates, providing
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Australia: ATO publishes final guidance on public CBC reporting exemptions
The Australian Taxation Office published Practice Statement Law Administration PS LA 2025/2, Public country-by-country reporting exemptions, on 8 December 2025. The statement sets out the administrative approach to the Commissioner's discretion for
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Algeria launches online service for fuel consumption tax payments
Algeria’s General Directorate of Taxes has introduced a new online service allowing vehicle and truck owners travelling to neighbouring countries to pay the fuel consumption tax via the “Tabioucom” platform. The service enables users to pay
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UK: Parliament considers Finance Bill containing 2025 budget proposals
The UK Parliament is currently reviewing the Finance (No. 2) Bill (Bill 342 for 2024–26), which was introduced to the House of Commons on 4 December 2025. The bill has completed its first reading and outlines the key tax and financial measures
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Sri Lanka: IRD further extends income tax deadline due to cyclone Ditwah
Sri Lanka’s Inland Revenue Department (IRD) has further extended the deadline for submitting Income Tax Returns for the 2024/2025 assessment year to 31 December 2025. The extension follows widespread disruption caused by Cyclone Ditwah, which made
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Taiwan: Southern National Taxation Bureau outlines tax treaty relief for overseas e-commerce operators
Taiwan’s Southern National Taxation Bureau has reminded domestic enterprises that overseas e-commerce operators may qualify for tax reduction or exemption on business profits under comprehensive tax treaties, provided they meet the required
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New Zealand: Inland Revenue consults shareholder loans
New Zealand Inland Revenue launched a public consultation on 4 December 2025 on the taxation of company loans to shareholders. The consultation proposes a new 12-month time limit, under which certain shareholder loans would be treated as
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Taiwan, Japan sign third regional customs cooperation memorandum
Taiwan and Japan signed their third Regional Customs Cooperation Memorandum on 4 December 2025 during the 49th Taiwan-Japan Economic and Trade Conference, expanding bilateral customs exchanges. The memorandum was signed by Su Jia-chuan, Chairman of
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Australia: ATO releases sample forms for global and domestic minimum tax filings
The Australian Taxation Office (ATO) has updated its guidance on lodging, paying, and other obligations under Pillar Two, releasing two sample forms: Combined Global and Domestic Minimum Tax Return for a Group Entity (GE) Combined Global
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Taiwan: Foreign e-commerce firms can claim tax exemption on Taiwan-sourced profits
Taiwanese businesses paying for electronic services from foreign e-commerce enterprises may qualify for tax relief under bilateral tax treaties. This announcement was made by the Southern Taiwan National Tax Administration (STNTA) on 5 December
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Latvia: Parliament adopts 2026 state budget
Latvia’s parliament (Saeima) has adopted the 2026 State Budget on 4 December 2025. The 2026 State Budget focuses on strengthening security, supporting families, and advancing sustainability, cutting EUR 844.1 million in planned spending and
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Korea (Rep.): National Assembly approves corporate tax hike in new budget plan
The Korea (Rep.) National Assembly passed a series of budget-related amendment bills, including changes to the Corporate Tax Act that raise each of the four corporate tax brackets by 1%. Corporate Tax Rate Increase The National Assembly
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France: Tax authorities clarify VAT rates for cultural, recreational, and educational activities
France’s tax authorities have issued detailed guidance on the application of value-added tax (VAT) to cultural, recreational, educational, and professional activities, including exhibitions, sites, installations, and associated services. The
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Taiwan: Foreign e-commerce firms can claim tax exemption on Taiwan-sourced profits
Taiwanese businesses paying for electronic services from foreign e-commerce enterprises may qualify for tax relief under bilateral tax treaties. This announcement was made by the Southern Taiwan National Tax Administration (STNTA) on 5 December
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Colombia: DIAN seeks public input on draft fiscal reconciliation resolution
Colombia’s tax authority, DIAN, has launched a public consultation on a draft resolution that partially amends Resolution 000227 of 2025 on 3 December 2025 , which covers tax, customs and exchange matters. The amendment concerns the
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Germany: Bundestag approves tax amendment Act 2025
Germany’s lower house of the parliament (Bundestag) approved the draft Tax Amendment Act 2025 on 4 December 2025, which introduces tax relief measures for individuals and updates several technical provisions across existing tax legislation. Key
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France: Tax authorities issue second guidance on Pillar 2 global minimum tax
France’s tax authorities have released a second set of guidelines on 3 December 2025 covering the application of the Pillar 2 global minimum tax (GloBE) rules for multinational and large domestic groups. The new guidance provides clarifications
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