US: Treasury, IRS provide transition relief for 2025 for businesses reporting car loan interest under the One, Big, Beautiful Bill
The notice provides penalty relief and guidance to certain lenders for new information reporting requirements for car loan interest received in 2025 under the OBBB. The Department of the Treasury and the Internal Revenue Service (IRS) issued
See More
Italy: Council of Ministers approves 2026 draft state budget, multi-year budget for 2026-28
Italy's 2026 draft budget introduces a new three-year tax credit for businesses in SEZs, extends plastic and sugar tax exemptions until 2026, allocates EUR 100 million for SLZs, and refinances the Nuova Sabatini incentive. Italy’s Council of
See More
Poland: Parliament approves increased corporate taxes on financial institutions
Poland raised bank corporate tax rates from 2026 and gradually lowered the bank tax for other financial institutions. The Polish parliament (Sejm) approved amendments to the Corporate Income Tax (CIT) Act and related taxes for financial
See More
Morocco: Government presents 2026 Finance Bill to the parliament
The 2026 Finance Bill introduces broad tax reforms, including expanded corporate and personal income tax withholding, new VAT exemptions for specific goods and investments, the launch of a petroleum product marking system, and the introduction of a
See More
EU signs amending protocol updating tax cooperation agreement with Switzerland
The EU and Switzerland have signed a protocol updating tax cooperation, expanding automatic financial data exchange and introducing a framework for VAT recovery, effective from 2026. The European Commission announced, on 20 October 2025, that it
See More
Bangladesh: NBR publishes english version of Income Tax Act 2023
Bangladesh’s NBR publishes English version of Income Tax Act 2023 for clearer guidance to taxpayers. The National Board of Revenue (NBR) issued the Authentic English Text of the Income Tax Act 2023 in the official gazette through SRO
See More
Dominican Republic: DGII announces inflation adjustments for September 2025 tax year
The Dominican Republic’s DGII issued Resolution No. DDG-AR1-2025-00007 on 15 October 2025, setting inflation multipliers and exchange rates for the fiscal year ending September 2025. The Dominican Republic’s General Directorate of Internal
See More
Cyprus: Tax authorities mandate non-resident filing of tax withholding, GHS contributions via TFA system
The Department of Taxation announced that non-residents must submit the Deducted at Source (DAS) Declaration and make related payments exclusively through the TFA system. The Cyprus Tax Department announced, on 6 October 2025, detailing updated
See More
US: Maryland court blocks digital Ad tax pass-through
Maryland’s Digital Advertising Tax “pass-through provision” was ruled unconstitutional by US District Court. The US District Court for the District of Maryland issued a final judgment on 15 October 2025 in the case Chamber of Commerce of
See More
Brazil: National Congress nullifies provisional measures on equity interest, financial entities taxes
Proposed tax changes under PM No. 1.303 will not take effect after the required approval is not secured by the deadline. Brazil's National Congress issued Declaratory Act No. 67 on 15 October 2025, which officially confirmed that Provisional
See More
Russia, South Ossetia explores creation of special economic zone
Russian Deputy Minister of Economic Development led a delegation to South Ossetia to review investment projects, explore a special economic zone, and strengthen trade and economic ties. A Russian delegation led by the Deputy Minister of Economic
See More
Brazil joins BEPS MLI
This makes Brazil the 106th jurisdiction to join the landmark agreement to strengthen tax treaties, which now covers around 2,000 bilateral tax treaties. The OECD has announced that Brazil signed the Multilateral Convention to Implement Tax
See More
Saudi Arabia: ZATCA extends Tax Amnesty Scheme until end of 2025
ZATCA announced on 27 June 2025 that the Minister of Finance has extended the cancellation of fines and exemption of financial penalties initiative for taxpayers, covering late registration, payment, and filing penalties under all tax laws. The
See More
Belgium: Council of Ministers approves bill to implement DAC8
The draft law aims to implement the updated EU Directive on tax cooperation, introducing new reporting rules for crypto asset service providers and aligning administrative assistance measures with the revised framework in Belgium. Belgium's
See More
Luxembourg: Government introduces bill to enhance fiscal stability, encourage investments in green infrastructure
The bill seeks to enhance fiscal stability, promote continued workforce participation, and encourage investments in energy-efficient housing. The Luxembourg government submitted a bill to the Chamber of Deputies on 15 October 2025 aimed at
See More
Philippines: BIR extends e-invoicing compliance deadline
The BIR explained that this extension is necessary due to operational adjustments. The Philippines' tax authority, the Bureau of Internal Revenue (BIR), has issued Revenue Regulations (RR) No. 026-2025 on 5 September 2025, which grants covered
See More
France proposes reduced surtax for large corporations in draft 2026 budget
For 2026, France intends to maintain the temporary corporate income surtax for large corporations at reduced rates, introduce a wealth tax, speed up the gradual abolition of the CVAE business tax, and revise its global minimum tax
See More
Singapore: Parliament reviews Finance (Income Tax) Bill 2025, includes new corporate tax relief measures
This legislation proposes numerous amendments to the Income Tax Act (ITA) and the Multinational Enterprise (Minimum Tax) Act (MMTA). Singapore's Parliament is reviewing the Finance (Income Taxes) Bill 2025, which had its first reading on 14
See More