South Africa: SARS to enhance transfer duty declaration process to improve compliance
The South African Revenue Service (SARS) announced on 8 December 2025 a series of enhancements to the Transfer Duty Declaration (TDC01) on eFiling, aimed at simplifying compliance, reducing inaccurate declarations, and strengthening the collection
See More
Slovak Republic revises financial transaction tax law, exempts self-employed individuals
The National Council of the Slovak Republic has passed an amendment to Act No. 279/2024 Coll. on the Financial Transaction Tax (FTT), bringing several significant changes into effect on 1 January 2026. Sole traders or self-employed individuals
See More
OECD: 26 jurisdictions agree to enforce international tax transparency on offshore real estate
The OECD announced, on 4 December 2025, that 26 jurisdictions have committed to implementing the new international framework for the automatic exchange of information on offshore real estate. This milestone marks a significant expansion of global
See More
Italy: Revenue Agency confirms VAT exemption for turnkey modular homes
The Italian Revenue Agency has clarified, on 5 December 2025, that fully finished modular homes, ready to be lived in and complete with utilities and finishes, are considered real estate and are generally exempt from VAT. VAT applies only if the
See More
Italy: Council of Ministers approves legislative decree to enforce DAC8
Italy’s Council of Ministers announced that it has approved the Legislative Decree implementing the Amending Directive to the 2011 Directive on Administrative Cooperation (2023/2226)(DAC8) on 4 December 2025. The new provisions align with the
See More
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
See More
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
See More
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
See More
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
See More
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
See More
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
See More
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
See More
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
See More
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
See MoreAustralia: 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
See MoreTaiwan: 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
See More
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
See More
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
See More