Poland: Council of Ministers broadens withholding tax relief for foreign investors, pension funds to align with EU rules
The amendment adapts Poland’s CIT regulations to the rulings of the CJEU concerning investment and pension funds. Poland’s Council of Ministers has adopted a draft amendment to Poland's Corporate Income Tax (CIT) Act on 14 October 2025,
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OECD releases inclusive framework report reviewing a decade of BEPS progress
The report highlights how the BEPS Project reshaped global tax standards by promoting corporate transparency, strengthening cooperation among tax authorities, and improving tax certainty through unified international rules. The OECD’s Inclusive
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Italy: MoF presents draft budget plan for 2026-28
Italy’s 2026 budget introduces a new three-year tax credit for businesses in SEZs, extends plastic, sugar, and tourist tax exemptions until 2026, allocates EUR 100 million for SLZs, and refinances the Nuova Sabatini incentive. Italy’s
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OECD releases Secretary-General tax report to G20 finance ministers, central bank governors
This report sets out recent developments in international tax co-operation, including the OECD’s support of G20 priorities such as the implementation of the BEPS minimum standards, the Two-Pillar Solution to Address the Tax Challenges Arising from
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Latvia: Government approves 2026 budget
The 2026 budget aims to boost revenue through excise taxes while easing living costs via a temporary VAT reduction on essential foods from July 2026. Latvia’s government has approved the 2026 state budget measures on 14 October 2025 and the
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Russia: State Duma reviews draft 2026–2028 federal budget
Russia’s State Duma committee began reviewing the 2026–2028 federal budget, focusing on social spending, defence, regional development, and technological leadership. The Russia’s State Duma Committee on budget and taxes has begun
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Brazil: Chamber of Deputies rejects higher taxes on equity interest, financial entities
Proposed tax changes under PM No. 1.303 will not take effect after failing to secure the required approval by the deadline. Brazil's Chamber of Deputies did not approve Provisional Measure (PM) No. 1.303 issued on 11 June 2025, which proposes
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EU releases report on member states’ departures from standard VAT rates
The report mentions that three countries—Luxembourg, Ireland, and Italy—account for 75% of the 64 identified VAT rate deviations, while the remaining 25% are spread across seven other EU nations. The European Commission (EC) has published a
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Algeria presents draft finance bill for 2026 in parliament
The 2026 draft Finance Bill proposes comprehensive fiscal reforms, including amendments to corporate and personal income taxes, VAT, customs and excise duties, environmental taxes, and other administrative measures. Algeria's government has
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Lithuania imposes fines for crypto reporting, account disclosure breaches
Lithuania’s parliament is introducing strict administrative fines for crypto-asset service provider non-compliance, failures to provide accurate information to tax authorities, and breaches of accounting, reporting, and inspection procedures, with
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US: IRS reminds taxpayers who filed for extensions for 15 October 2025 tax return deadline
The IRS reminded taxpayers that 15 October 2025 is the deadline to file 2024 tax returns for those who obtained an extension. The US Internal Revenue Service (IRS) issued a notice on 14 October 2025, in which it reminded individuals who filed
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Ghana: GRA issues reminder on tax applicable to asset and liability gains
The notice mentions that a 25% tax applies to gains, with residents able to choose between the flat rate or regular income tax rates, while non-residents pay a final 25% tax on the gross proceeds. The Ghana Revenue Authority (GRA) has issued a
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UAE: FTA issues VAT guide on input tax apportionment
FTA issued VATGIT1 on Input Tax apportionment and special methods. The UAE Federal Tax Authority (FTA) has published a VAT guide on Input Tax Apportionment Value Added Tax - VATGIT1. The purpose of this guide is to provide guidance on Input
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Oman: Tax Authority introduces five-year withholding tax suspension for Omani vessels
Oman suspends withholding tax on Omani-flagged vessels to boost its maritime sector. Oman's Tax Authority has announced a five-year suspension of withholding tax on service contracts for vessels registered under the Omani flag, in a move aimed at
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France: Parliament releases 2026 draft finance bill, features extended exceptional taxes on corporations
For 2026, France plans to extend the temporary corporate income surtax at reduced rates for large companies, accelerate the phased elimination of the CVAE business tax, and update global minimum tax rules. France’s parliament has released the
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Saudi Arabia: ZATCA urges WHT form submission for September 2025
ZATCA reminded Saudi businesses to submit September 2025 WHT forms by 12 October to avoid penalties, with a 1% charge for every 30-day delay. The Saudi Zakat, Tax and Customs Authority (ZATCA) has reminded businesses subject to Withholding Tax
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Turkey updates guidance on ‘invitation to explanation’ tax procedure
Turkey updated its Invitation to Explanation guide to clarify procedures and encourage voluntary tax compliance. Turkey’s Revenue Administration has issued an updated Invitation to Explanation Implementation guide to clarify the application of
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Iceland consults kilometre tax bill
Iceland opened a public consultation until 24 October 2025 on a bill proposing a kilometre-based road usage tax from 1 January 2026. Iceland’s Economic Affairs and Trade Committee launched a public consultation on 6 October 2025 regarding the
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