Bangladesh: NBR reminds taxpayers of PIT e-return deadlines
Bangladesh’s National Board of Revenue (NBR) has reminded taxpayers to submit their income tax returns through the electronic filing system by 30 November 2025. The authority urged individuals to file early to avoid last-minute congestion on the
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Bolivia: Chamber of Deputies considers 2026 state budget proposal
Bolivia’s Executive Branch has submitted the 2026 General Budget Bill to the Chamber of Deputies on 31 October 2025, outlining a series of targeted tax incentives to reduce the cost of public debt operations conducted in foreign capital
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Poland secures boost in EU 2026 budget for key development programmes
The EU Council and the European Parliament announced that negotiations on the 2026 EU budget were concluded on 15 November 2025. The agreed budget allocates additional funding to several Polish priorities, including border security, transport
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Canada: DoF introduces legislation to implement 2025 budget, includes tax incentives for capital investments
Canada’s Department of Finance announced the introduction of Bill C-15, Budget 2025 Implementation Act, No. 1, on 18 November 2025. It is an important first piece of legislation to advance key Budget 2025: Canada Strong priorities. Bill C-15
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Lebanon: Ministry of Finance clarifies electronic communication procedures
The Ministry of Finance (MoF) has introduced new procedures for taxpayers to communicate with its departments electronically. The decision, dated 1 October 2025 (Decision No. 843/1), requires submissions via email for a range of tax-related
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Netherlands issues new decree on VAT exemption for share transactions
The Netherlands has published a new Decree on 15 October 2025 regarding the VAT exemption for share transactions. The Decree clarifies the scope of “intermediary services” in securities transactions and provides a broad application of the VAT
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Lithuania: MoF consults DAC8 tax information exchange rule amendments
The Lithuanian Ministry of Finance (MoF) opened a public consultation on 17 November 2025, proposing changes to Order No. VA-114, which regulates mutual assistance and the exchange of tax information with EU Member States. The amendments are
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Japan: FSA considers defining cryptocurrencies as financial products
Japan’s Financial Services Agency (FSA) is planning new regulations that would treat 105 cryptocurrencies, including bitcoin and ethereum, as financial products subject to insider trading rules. Under the proposal, exchange operators would need
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EU Commission clarifies VAT rules for platforms offering free access in exchange for data
The European Commission released EU VAT Committee Working Paper No. 1118 on 17 November 2025. This European Commission working paper addresses a question from Italian authorities concerning the Value Added Tax (VAT) treatment of IT services
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Lithuania: Parliament considers higher corporate tax for banks, credit Institutions
Lithuania has proposed an amendment to its Corporate Tax Law that would increase the additional tax on banks and credit institutions from 5% to 10%. The draft, registered with the Seimas on 10 November 2025 under project No. XVP-973, targets
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Slovenia to introduce mandatory e-invoicing for B2B transactions from 2028
Slovenia has enacted the Act on the Exchange of Electronic Invoices and Other Electronic Documents, published in the Official Gazette on 6 November 2025, which establishes mandatory e-invoicing for domestic B2B transactions. Under the Act,
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Sweden: MoF proposes automatic exchange of top-up tax information under DAC9
The Swedish Ministry of Finance (MoF) submitted a proposal to the Legislative Council, on 13 November 2025, to introduce new rules for the automatic exchange of Top-up Tax information. The changes align Sweden’s framework with Council Directive
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US: IRS extends tax relief for Missouri taxpayers impacted by storms, floods
The US Internal Revenue Service (IRS), in a release (MO-2025-03) on 17 November 2025, announced tax relief for individuals and businesses in parts of Missouri affected by severe storms, straight-line winds, tornadoes, and flooding that began on 30
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OECD releases 2025 report on tax administration highlighting growing role of AI
The OECD has published a report titled “Tax Administration 2025: Comparative Information on OECD and other Advanced and Emerging Economies,” on 17 November 2025, providing internationally comparative data on tax systems and administration across
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OECD publishes report on recent trends in taxes on energy use, carbon pricing
The OECD published a report titled “Effective Carbon Rates 2025: Recent Trends in Taxes on Energy Use and Carbon Pricing”, which provides insights into how countries are implementing carbon taxes, emissions trading schemes, and fuel excise
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Liechtenstein: Parliament approves GIR MCAA
Liechtenstein’s parliament has approved the ratification of the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) on 7 November 2025. Liechtenstein signed the GIR MCAA on 29 September 2025. GIR MCAA
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Morocco: Government approves draft decree updating transfer pricing documentation, filing rules
Morocco's Council of Government approved draft Decree No. 2.22.1020 on 13 November 2025, introducing updated transfer pricing documentation and filing rules. The decree specifies the content required for both the master and local files and sets
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EU Parliament endorses BEFIT corporate tax framework
The European Parliament has approved Legislative Resolution No. P10_TA(2025)0268 on the Business in Europe Framework for Income Taxation (BEFIT) on 13 November 2025. The resolution introduces a unified framework for corporate taxation across the
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