Brazil: RFB, GST committee issue guidelines for CBS and IBS implementation starting January 2026
Brazil’s tax authority, the Federal Revenue Service (RFB) and the Goods and Services Tax Management Committee (CGIBS) have released guidance on the upcoming Contribution on Goods and Services (CBS) and Goods and Services Tax (IBS) on 2 December
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Taiwan: Northern Taiwan National Tax Administration urges agencies to digitise donation records
The Northern Taiwan National Tax Administration of the Ministry of Finance (MOF) announced today, 3 December 2025, that, in line with energy-saving and carbon reduction policies, it calls on all recipient agencies and organisations to actively
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Singapore: MoF consults 2026 Budget
Singapore’s Ministry of Finance (MOF) has opened a public consultation for Budget 2026, inviting individuals, organisations, and businesses to share their views from 2 December 2025 to 12 January 2026. Budget 2026 is scheduled to be presented
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OECD: Global Forum reports historic progress in tax transparency, crypto disclosure
The 18th plenary of the Global Forum on Transparency and Exchange of Information for Tax Purposes took place in New Delhi on 2 December 2025, alongside the release of its 2025 Annual Report. The report highlights significant advances in global
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Ireland: Irish Revenue revises guidance on tax treatment of debt issuance costs, covering interest cap fees
Irish Revenue has issued eBrief No. 217/25 on 25 November 2025, updating the Tax and Duty Manual (TDM) Part 04-06-21 on the tax treatment of debt issuance costs, including interest cap fees. The update incorporates guidance on interest cap fees,
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US: IRS issues guidance on elimination of one-month deferral for specified foreign corporations
The US Internal Revenue Service (IRS) issued Notice 2025-72 on 25 November 2025, stating that the Treasury Department and IRS plan to issue proposed regulations under section 70352 of the "One Big Beautiful Bill Act" (OBBBA), which repeals section
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Uruguay introduces temporary VAT relief for select tourism services
Uruguay issued Decree No. 220/025 on 30 October 2025, introducing a temporary exemption from value added tax (VAT) for specific tourism-related services aimed at non-resident visitors. The measure applies to payments made with foreign-issued debit
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OECD: The Global Forum on Tax Transparency holds 18th Plenary in India
The OECD announced the opening of the 18th Plenary Meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes, held in New Delhi, India, on 2 December 2025. International community meets in New Delhi to reflect on
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Hungary consults overhaul of transfer pricing documentation rules
Hungary’s Ministry of National Economy announced, on 2 December 2025, that it is inviting feedback on a proposed overhaul of its transfer pricing documentation rules. The revision aims to clarify reporting requirements, expand the information
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Georgia expands BEPS MLI coverage through 22 additional treaties
According to an OECD update, Georgia submitted an updated consolidated position for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI) on 27 November 2025. The update notably expands the list of Georgia’s
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Poland gazettes extended withholding tax exemption for foreign investment and pension funds lawÂ
Poland published the Act of 6 November 2025 amending the Corporate Income Tax Act in the Official Gazette on 28 November 2025. The Act aligns Polish tax rules with European Court of Justice rulings on the taxation of investment and pension
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US: Treasury, IRS provide guidance on Trump Accounts under working families tax cuts ahead of new regulations
The Department of the Treasury and the Internal Revenue Service (IRS) issued a notice on 2 December 2025, announcing upcoming regulations and providing guidance regarding Trump Accounts, which are a new type of individual retirement account (IRA)
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Malawi: MoF presents 2025-26 mid-year budget review, to introduce Minimum Alternate Tax
Malawi’s Ministry of Finance, Economic Planning, and Decentralisation (MoFEPD) presented the 2025-26 Mid-Year Budget Review Statement to the National Assembly on 21 November 2025. The 2025-26 Mid-Year Budget Review Statement proposes various
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Turkey: Revenue Administration extends Domestic Minimum Top-Up Tax returns
Turkey’s Revenue Administration has issued Tax Procedure Law Circular No. 193 of 1 December 2025, extending the deadline for submitting the Local Minimum Supplementary (Complementary) Corporate Tax return and making the related payment for the
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Taiwan: Tax authority sets Q4 2025 deduction deadline
Taiwan’s Southern Region National Tax Administration of the Ministry of Finance has reminded businesses using the assessed method for calculating business tax to declare input tax certificates for the fourth quarter of 2025 by 5 January 2026. The
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Congo (DRC) becomes 35th Yaoundé declaration signatory
The Democratic Republic of the Congo officially joined the Yaoundé declaration on 22 November 2025, when the Hon. Dudu Fwamba Likunde Li-Botayi, Minister of Finance, endorsed the initiative. The move underscores the country’s commitment to
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Oman: OTA issues draft e-invoicing data dictionary
The Oman Tax Authority (OTA) has released the draft e-invoicing data dictionary to selected taxpayers ahead of the August 2026 rollout. It defines standard data elements, validation rules, and code lists for all transaction types across B2B, B2C,
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Ghana: Parliament approves Value Added Tax Bill 2025
Ghana’s Parliament has passed the Value Added Tax 2025 on 27 November 2025. The purpose of the Bill is to revise and consolidate the framework governing the Value Added Tax. Presenting the Finance Committee’s report to Parliament, the
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