Poland: Council of Ministers adopts draft law for updating PKD codes Excise Duty Act
Poland's Council of Ministers adopted a draft act for amending the Excise Duty Act on 4 November 2025. The draft act updates excise tax regulations to align with the new Polish Classification of Activities (PKD). Specifically, PKD codes will be
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Czech Republic: New government plans corporate tax cut, key economic reforms
The Czech Republic's new incoming government has unveiled its draft program, pledging not to increase taxes. The draft program declaration of the Czech Republic government, slated for November 2025, outlines an ambitious plan for securing sound
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US: New York City consults on proposed business corporation tax regulations
The New York State Department of Finance (DOF) is in the process of developing regulations for the business corporation tax, which was enacted in 2015. On 27 December 2023, the New York State Department of Taxation and Finance published a new set
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Brazil to apply 10% dividend withholding tax
Brazil’s Federal Senate has approved Bill 1.087/2025, introducing a 10% withholding tax on dividends paid to foreign entities, effective for fiscal years starting after 1 January 2026. Exemptions include profits calculated until 2025 and
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Slovak Republic: Tax authority releases new FTT notification form
The Slovak Republic's tax authorities have issued a new notification form for the financial transaction tax (FTT) on 28 October 2025, following the approval of Act No. 272/2025, which amends Act No. 279/2024. Taxpayers are required to report
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Russia: Government approves budget amendments for second reading
The Russian Government has approved a wide-ranging package of amendments to the draft federal budget for 2026–2028 and to the Budget and Tax Codes for the second reading on 6 November 2025. The revised proposals, presented by Finance Minister
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Canada: DoF releases 2025 budget, includes corporate tax and transfer pricing measures
Canada’s Department of Finance released the details of the Budget 2025 on 4 November 2025. The main tax measures of the budget are as follows: Business Income Tax Measures Immediate Expensing for Manufacturing and Processing
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Singapore: Government presents second reading opening remarks on the Finance (Income Taxes) Bill
Singapore’s Senior Minister of State for Finance Jeffrey Siow has presented second reading opening remarks on the Finance (Income Taxes) Bill at the parliament on 6 November 2025. The Bill serves two main purposes: First, it updates the
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Qatar: Tax Authority hosts workshop on tiered excise tax for sweetened beverages
Qatar’s General Tax Authority (GTA) announced, 6 October 2025, that they held an introductory workshop on the “Tiered Volume-Based Excise Tax Model” for sugar-sweetened beverages, bringing together representatives from various companies in
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Poland: Government considers increasing VAT on select non-alcoholic drinks
The Polish government is considering raising the value-added tax (VAT) on certain non-alcoholic beverages, including non-alcoholic beer, wine, cider, and energy drinks. Currently, non-alcoholic beverages classified under the Combined Nomenclature
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Cyprus: Tax department clarifies VAT treatment for events combined with restaurant services
The Cyprus Tax Department issued Circular 6/2025 on 8 October 2025, clarifying the VAT treatment of events combined with catering or restaurant services. Cyprus applies a 5% reduced VAT rate to tickets for cultural events, such as performances,
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Hungary joins GIR MCAA
Hungary has joined the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA), under Pillar 2 of the OECD/G20 Inclusive Framework's two-pillar solution, as of 31 October 2025. The Global Anti-Base Erosion
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Chile joins crypto-asset reporting framework (CARF-MCAA)
Chile joined the Multilateral Competent Authority Agreement on Automatic Exchange of Information Pursuant to the Crypto-Asset Reporting Framework (CARF MCAA) on 21 October 2025. This framework standardises the reporting of crypto-asset
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Albania, Chile, UAE sign addendum to the CRS MCAA
OECD reported that Albania, Chile, and the United Arab Emirates (UAE) have signed the Addendum to the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS MCAA). The Addendum to the CRS MCAA
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Finland: Parliament considers ending electricity tax incentives for data centres
Finland’s Parliament is reviewing draft bill HE 156/2025 vp, which proposes eliminating the electricity tax incentive currently granted to data centres and mining operations. The proposal proposes to repeal certain sections of the Act on Excise
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Colombia: DIAN invalidates social media claims of debt forgiveness
Colombia's tax and customs authority (DIAN) has denied recent social media claims that it “forgives” taxpayers’ debts, calling the information false and misleading. This announcement was made on 4 November 2025. DIAN stressed that in
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France updates VAT thresholds for micro-entrepreneurs
The French government officially promulgated LOI No. 2025-1044 on 3 November 2025, aimed at creating a stable, fair, and transparent fiscal framework for micro-entrepreneurs and small businesses. The law reforms the Value Added Tax (TVA)
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Oman: Tax Authority introduces tax incentives for listed, converting companies
Oman’s Tax Authority announced on the social media platform “X“ new tax incentives targeting businesses that list on the Muscat Stock Exchange or the Promising Companies Market, as well as companies converting from limited liability companies
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