Bulgaria plans dividend tax hike, faster write-offs for electric vehicles in 2026 budget
Bulgaria's Ministry of Finance has released the draft State Budget Act for 2026 and updated the medium-term budget forecast for 2026-2028, which were published on the Ministry’s website on 3 November 2025. Draft State Budget Act for
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Costa Rica: DGT updates transfer pricing return dates for 2024, 2025
Costa Rica’s tax administration (DGT) has published Resolution MH-DGT-RES-TEMPORAL-0001-2025 in the Official Gazette on 31 October 2025 clarifying deadlines for submitting the transfer pricing information returns for fiscal years 2024 and
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Canada: Government presents 2025 Budget to the House of Commons
Canada’s government has presented the Budget 2025 to the House of Commons on 4 November 2025. It emphasised a strategy to build major infrastructure, housing, and key industries to support economic growth and long-term prosperity. The
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Kazakhstan: Government scales back SME tax restrictions in partial Tax Code rollback
In late October 2025, the Kazakh government announced a partial rollback of several measures in its new Tax Code, responding to concerns that certain provisions would place an excessive burden on small and medium-sized enterprises (SMEs) and
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Lithuania to introduce luxury car tax from 2026
Lithuania published a draft law proposing a luxury tax on high-powered cars on 29 October 2025. The tax will apply to M1-class vehicles with engines exceeding 150 kW, calculated as a percentage of the vehicle’s value: 1% for engines between 151
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Ecuador updates dividend tax rules and strengthens transparency law
Ecuador has published new regulations governing the taxation of dividends and profit distributions for resident companies and permanent establishments, as part of the Organic Law on Social Transparency, in the Official Gazette on 28 August
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UAE: FTA issues guidance on tiered excise tax for sweetened beverages
The UAE Federal Tax Authority (FTA) has published guidance on the "Tiered Volumetric Model" for excise tax on sugary beverages, urging producers, importers, and stockpilers of sugar-sweetened drinks to review the sugar content of their products in
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Singapore: IRAS issues guidance on foreign entity classification for tax
The Inland Revenue Authority of Singapore (IRAS) has published new guidance on the Classification of Foreign Entities for Singapore Income Tax Purposes on 30 October 2025. There are tax implications connected to the classification of a foreign
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Ireland: Revenue releases updated guidance for CT1 2025 filings
Irish Revenue has issued eBrief No. 203/25 on 30 October 2025, introducing a new section of the Tax and Duty Manual (TDM), Part 38-02-01J, which guides completing Corporation Tax Returns (Form CT1) for accounting periods ending in 2025. The TDM
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Chile: SII to impose VAT on small online imports from 20 major foreign platforms
Chile’s tax authority (SII) announced on 24 October 2025 that it will start applying VAT to remote purchases of goods valued up to USD 500 when bought through 20 registered foreign retailers and intermediary platforms, which account for 90% of
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UAE: MoF partners with ADIB to launch first retail sukuk platform
The Ministry of Finance (MoF) has signed a cooperation agreement with Abu Dhabi Islamic Bank (ADIB), making it the first bank to join the Ministry’s newly launched “Retail Sukuk” initiative. The initiative aims to enable citizens and residents
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Bangladesh: NBR extends deadline for taxpayers facing online filing issues
The Bangladesh National Board of Revenue (NBR) has extended the deadline for taxpayers unable to file their income tax returns online due to technical or registration issues. In a special order issued on 30 October 2025, NBR Chairman Md. Abdur
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OECD issues draft 2025 update on consolidated mutual agreement procedure information
The OECD has issued a preliminary version of the 2025 update to the Consolidated Information on Mutual Agreement Procedures. This edition compiles, in a single publication, BEPS Action 14 information for all Inclusive Framework jurisdictions,
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Australia: Treasury consults on foreign investment framework reforms
Australia’s Treasury has launched a consultation to further streamline and enhance the foreign investment framework reforms on 31 October 2025. These reforms will aim to ensure that Australia remains an attractive destination for global
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Italy: MoF issues guidance for filling global minimum tax information return form
Italy's revenue agency has announced that the Ministry of Finance has issued guidelines for completing the Pillar 2 GloBE Information Return (GIR) model form (Comunicazione Rilevante on 3 November 2025. This follows the approval of the form under
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EU Commission allocates EUR 2.9 billion from innovation fund to advance net-zero technologies
The European Commission announced on 3 November 2025 a total of EUR 2.9 billion in funding to 61 cutting-edge net-zero technology projects. The funding comes from the Innovation Fund, using revenues from the EU Emissions Trading System (EU
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EU: CJEU rejects Dutch firm’s appeal contesting the global minimum tax directive
The Court of Justice of the European Union (CJEU) rejected an appeal filed by Dutch multinational enterprise group Fugro NV on 30 October 2025, upholding the EU General Court’s earlier decision to dismiss the company's challenge to the EU Global
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Belgium grants withholding tax relief on non-resident payments for leasing tangible assets
Belgium’s Federal Public Service (SPF) Finance published a Royal Decree on 31 October 2025, which eliminates the withholding tax on payments for renting or leasing tangible movable property, effective from 1 November 2025. Previously, Belgian
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