France: Tax authorities clarify VAT rates for cultural, recreational, and educational activities
France’s tax authorities have issued detailed guidance on the application of value-added tax (VAT) to cultural, recreational, educational, and professional activities, including exhibitions, sites, installations, and associated services. The
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Taiwan: 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
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Colombia: DIAN seeks public input on draft fiscal reconciliation resolution
Colombia’s tax authority, DIAN, has launched a public consultation on a draft resolution that partially amends Resolution 000227 of 2025 on 3 December 2025 , which covers tax, customs and exchange matters. The amendment concerns the
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Germany: Bundestag approves tax amendment Act 2025
Germany’s lower house of the parliament (Bundestag) approved the draft Tax Amendment Act 2025 on 4 December 2025, which introduces tax relief measures for individuals and updates several technical provisions across existing tax legislation. Key
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France: Tax authorities issue second guidance on Pillar 2 global minimum tax
France’s tax authorities have released a second set of guidelines on 3 December 2025 covering the application of the Pillar 2 global minimum tax (GloBE) rules for multinational and large domestic groups. The new guidance provides clarifications
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Ireland: Fiscal Council warns budget surplus masks structural deficit
Ireland’s Fiscal Advisory Council has warned that Ireland’s apparent budget surplus is heavily reliant on volatile corporation tax receipts from a small number of large multinational companies, raising concerns over the sustainability of public
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Estonia: Finance Minister urges EU flexibility on minimum tax
Estonia has called for a more flexible approach to implementing the EU’s Pillar 2 global minimum tax, citing the complexity of the rules and the administrative burden they impose. In a letter to European Commission President Ursula von der
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Italy: Revenue Agency restricts DTA tax credits for assignees to monetisation
Italy’s Revenue Agency clarified on 4 December 2025 that companies acquiring tax credits arising from the conversion of Deferred Tax Assets (DTA) cannot use these credits to offset or transfer them further and can only monetise them through
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Italy: Revenue Agency updated VAT exemption for SMEs across EU borders
Italy’s Revenue Agency has introduced an important update to the VAT exemption scheme for small businesses operating across EU borders on 4 December 2025. Under the revised rules, the 35-working-day period for assigning the “EX”
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OECD issues Revenue Statistics in Africa 2025 report
The OECD has published the report, ‘Revenue Statistics in Africa 2025’ on 3 December 2025, presenting comparable tax and non-tax revenue data from 1990 to 2023 for 38 African countries. Executive summary The Africa average tax-to-GDP ratio
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Brazil: RFB updates rules on credit losses, interest on equity
Brazil’s tax authority, the Federal Revenue Service (RFB) announced that it updated Normative Instruction RFB No. 1,700/2017 on 4 December 2025 to clarify the tax treatment of credit losses and interest on equity (JCP). The changes respond to
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Liberia: LRA to introduce revised VAT system in 2027
The Liberia Revenue Authority (LRA) has announced that training programs are underway to prepare for the rollout of a new VAT system, which will replace the existing GST framework starting 1 January 2027. Businesses will be able to register for
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Finland enacts DAC8 crypto-asset reporting
Finland has gazetted Law 1044/2025 of 28 November 2025 on 1 December 2025 to implement EU Directive 2023/2226 (DAC8) of 17 October 2023, introducing new reporting and due diligence requirements for crypto-asset service providers. Approved by the
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Taiwan: Tax authority urges organisations to join digitised donation deduction system
Taiwan’s National Taxation Bureau of the Northern Area has urged donation-receiving agencies and organisations to participate in the digitisation of documents related to donation deductions under the Comprehensive Income Tax, aligning with
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Thailand: Cabinet approves tax incentives for energy-saving equipment, solar rooftops
According to a Revenue Department release, the Thai Cabinet approved a draft royal decree on 25 November 2025 that introduces tax incentives for energy-efficient machinery, equipment, and materials, as well as for residential solar rooftop
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Ireland: Irish Revenue updates guidance on unapproved share option schemes
Irish Revenue has released eBrief No. 221/25 on 26 November 2025, outlining revisions to its guidance on the tax treatment of “unapproved share option schemes.” These schemes involve situations where a company grants an employee or director the
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South Africa: SARS Updates Crypto Reporting Rules Under CARF, CRS
The South African Revenue Service (SARS) has issued new regulations implementing the OECD Crypto-Asset Reporting Framework (CARF) and revising the Common Reporting Standard (CRS) related to crypto assets. The updates include enhanced due diligence
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Qatar: GTA launches five-year strategy to modernise tax system
Qatar’s General Tax Authority (GTA) has launched its five-year strategy aimed at advancing a modern tax system that supports Qatar’s sustainable development during an official ceremony attended by GTA employees and partners. This announcement
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