US: California enacts law for IRC provisions conformity, introduces R&D tax credits
California Governor Gavin Newsom signed Senate Bill 711 (SB 711) into law on 1 October 2025, bringing the state’s tax code into conformity with various Internal Revenue Code (IRC) provisions from 1 January 2015 through 1 January 2025. SB 711,
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India: CBDT extends income tax returns, audit report deadlines for AY 2025-26
The Central Board of Direct Taxes (CBDT), operating under the Government of India's Ministry of Finance, Department of Revenue, has announced an extension of deadlines for filing Income Tax Returns (ITRs) and various reports of audit for the
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France: National Assembly passes first-reading amendments to the 2026 finance bill, focuses on major corporations
France’s National Assembly introduced several amendments to the Finance Bill for 2026, some of which have been approved during its first reading on 30 October 2025. The changes primarily target large corporations and business groups, introducing
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New Zealand: Opposition party proposes targeted capital gains tax to fund free doctor visits
RF Report The Labour Party of New Zealand, the leading opposition party in parliament, has announced a proposal which targets capital gains tax on profits from the sale of commercial or residential properties, excluding the family home,
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Taiwan: Tax Bureau clarifies making up past losses in undistributed earnings
RF Report HuWei Office, National Taxation Bureau of the Central Area, Ministry of Finance, Taiwan, stated, pursuant to Article 66-9 of the Income Tax Act, when a profit-seeking enterprise files its undistributed earnings, its surplus earnings can
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Greece: Ministry of National Economy and Finance proposes draft tax reform to support families, housing, growth
RF Report Greece's Ministry of National Economy and Finance has unveiled a draft law aimed at boosting citizen income, addressing demographic challenges, and increasing long-term rental housing availability. The reforms target personal income
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Chile: Tax Authority updates IVA rules for digital platform operators
RF Report The Chilean Tax Authority (Servicio de Impuestos Internos, SII) issued Resolution Ex. SII No. 145-2025 on 16 October 2025, setting out the obligations of digital platform operators with residence or domicile in Chile regarding Value
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Italy: MoF issues Decree on Pillar 2, DAC9 reporting obligations
RF Report Italy’s Ministry of Finance (MoF) issued a decree on 16 October 2025, published in the Official Gazette on 29 October 2025, outlining obligations related to Pillar 2 reporting, including DAC9 requirements. The decree defines key
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Argentina tightens reporting rules on cross-border transaction
RF Report Argentina published Decree 767/2025 in the Official Gazette on 28 October 2025, introducing significant updates to its cross-border transaction reporting rules, effective for fiscal years ending on or after 29 October 2025. The
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UN issues draft framework for international tax cooperation
RF Report The United Nations has refreshed its webpage on Intergovernmental Negotiations for the UN Framework Convention on International Tax Cooperation, unveiling the Co-Lead’s Draft Framework Convention Template dated 24 October 2025. The
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Turkey: MHP proposes higher digital tax for foreign platforms
RF Report Turkey’s Nationalist Movement Party (MHP), an ally of President Recep Tayyip Erdoğan, has submitted a bill to the parliament that would raise the digital services tax (DST) for foreign companies from 7.5% to 12.5%, while keeping the
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Nigeria to levy withholding tax on short-term security interest
RF Report Nigeria's tax authority, the Federal Inland Revenue Service (FIRS), has issued a directive mandating banks, stockbrokers, and other financial institutions to apply a 10% withholding tax on interest earned from investments in short-term
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US: IRS announces reduced services amid federal shutdown
RF Report The US Internal Revenue Service (IRS) announced on 21 October 2025 that, despite its limited operations during the ongoing US government shutdown, taxpayers are still required to meet all regular tax obligations. Tax refunds will
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France: Tax Authority clarifies VAT rate on biocontrol macro-organisms
RF Report The French tax authorities issued a rescript BOI-RES-TVA-000227 on 29 October 2025, clarifying the value-added tax (VAT) treatment for pollinating macro-organisms used in organic farming, gardens, green spaces, and public
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FATF removes Nigeria from grey list
RF Report Nigeria has been officially removed from the Financial Action Task Force (FATF) grey list, according to a release from the Ministry of Finance on 26 October 2025. The removal of Nigeria from the FATF grey list marks a major
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Australia: ATO updates APA guidance
The Australian Taxation Office (ATO) updated Law Administration Practice Statement PS LA 2015/4 to reflect enhancements to its advance pricing arrangement (APA) programme. The changes incorporate recommendations from the ATO’s 2023 APA Programme
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Spain: Ministry of Finance issues new Pillar 2 global minimum tax forms
RF Report Spain’s Ministry of Finance has issued Order HAC/1198/2025 of 21 October 2025, published in the Boletín Oficial del Estado on 29 October 2025. The order introduces three new tax forms as part of Spain’s implementation of the
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Thailand: Cabinet approves temporary tourism tax incentives for Q4 2025
Regfollower Desk The Thai Cabinet approved a series of tax measures to promote domestic tourism, as announced by the Thai Revenue Department. The initiatives include incentives for individual travellers, corporate tax deductions for domestic
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