Denmark proposes near-zero electricity tax for 2026–2027
Bill L 24 proposes cutting the general electricity tax to the EU minimum of 0.8 øre per kWh for 2026 and 2027. Denmark's Minister for Taxation submitted Bill L 24 to parliament on 8 October 2025, aiming to lower the general electricity tax to
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Greece implements EU small business VAT scheme
The measures apply retroactively from 1 January 2025. Greece adopted Law No. 5222, published on 28 July 2025, introducing the EU small business scheme for cross-border supplies, in line with Council Directive (EU) 2020/285 of 18 February
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India: NITI Aayog proposes tax clarity for foreign investors
The working paper recommends that the Ministry of Finance consider the proposed framework for inclusion in future Finance Bills, following consultations with industry, experts, and treaty partners. NITI Aayog’s tax policy group in India has
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France publishes guidance on Pillar 2 global minimum tax
France published BOI-IMG guidance regarding the implementation of the 15% global minimum tax for large domestic and multinational groups. The French tax authorities published the guidance (BOI-IMG), on 8 October 2025, regarding the implementation
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Saudi Arabia: ZATCA urges taxpayers to benefit from fines cancellation scheme
ZATCA urged taxpayers to use its fines and penalties exemption scheme before 31 December 2025. The Saudi Zakat, Tax and Customs Authority (ZATCA) has urged all taxpayers to leverage from the “Cancellation of Fines and Exemption of Penalties
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Denmark: Parliament reviews bill L 23 to implement EU DAC9
The bill proposes amendments to Danish tax laws to align with EU rules on Top-up tax reporting under DAC9, due by 31 December 2025. Denmark’s parliament is reviewing draft Bill L 23 on 8 October 2025, which aims to implement Council Directive
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El Salvador: DGII introduces Form F-935 to report withholding taxes by foreign agents, individuals, entities
The notice instructs foreign agents to report all withholding taxes on the Form by the 15th of the month after the taxes were withheld. El Salvador’s tax administration (DGII) released a notice on 30 September 2025, introducing Form F-935 for
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US: IRS announces 2026 tax inflation adjustments, includes amendments from One Big Beautiful Bill
The IRS detailed annual inflation adjustments for the tax year 2026, affecting over 60 tax provisions, including tax rate schedules and other related changes. The US Internal Revenue Service (IRS) released Revenue Procedure 2025-32, detailing
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Australia: ATO cautions of heavy penalties for global entities delaying TPAR submission
The ATO warns that Significant Global Entities (SGEs) that missed the 28 August TPAR deadline may face penalties for late lodgment. The Australian Taxation Office (ATO) announced on 8 October 2025 that Significant Global Entities (SGEs) may face
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Costa Rica: DGT extends October tax deadlines amid TRIBU-CR system transition
Resolution MH-DGT-RES-0047-2025 grants a one-time extension, moving the deadline for self-assessment tax returns and July–August 2025 information returns. Costa Rica’s tax administration (DGT) published Resolution No. MH-DGT-RES-0047-2025 in
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Greece unveils 2026 budget with targeted tax cuts to ensure fiscal stability
The 2026 budget introduces tax relief measures, including reduced real estate and VAT rates, and additional initiatives such as a Pharmaceutical Innovation Fund and the elimination of the TV subscription fee. Greece’s Ministry of Finance
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Greece: AADE opens digital applications for special taxation of income
From 3 October, new tax residents can apply on myAADE for Greece’s Article 5G special tax regime. The Greek Independent Authority for Public Revenue (AADE) has announced that, starting 3 October, individuals transferring their tax residence to
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Singapore: IRAS updates e-Tax guide on non-taxation of gains from share disposals
IRAS updates e-Tax Guide to expand the non-taxation scheme for share disposal gains from 2026. The Inland Revenue Authority of Singapore (IRAS) issued the updated e-Tax Guide on the Certainty of Non-taxation of Companies’ Gains on Disposal of
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Sri Lanka delays VAT on non-resident digital services
Sri Lanka delays VAT on digital services by non-resident providers to April 2026. The Sri Lankan Inland Revenue Department (IRD) issued a notice on 1 October 2025 regarding the postponement of the effective date of the Imposition of VAT on the
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South Africa signs up for GIR MCAA
South Africa has signed the GIR MCAA, becoming the 21st jurisdiction to align multinational reporting with the OECD’s GloBE Rules.. According to an OECD update released on 8 October 2025, South Africa signed the Multilateral Competent Authority
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Ireland: Revenue outlines VAT rollout for digital age (ViDA) measures
The compulsory e-invoicing and real-time VAT reporting are intended to comply with the EU VAT in the Digital Age (ViDA) Directive by 1 July 2030. Ireland’s Revenue announced a phased rollout for compulsory e-invoicing and real-time VAT
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Kazakhstan: MoF approves new CFC reporting, taxation forms for 2026
Ministry of Finance introduced new forms for reporting and taxing Controlled Foreign Companies, effective 1 January 2026. Kazakhstan’s Ministry of Finance issued Order No. 536 on 25 September 2025, approving new forms for the reporting and
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Kazakhstan approves new rules for taxable income of second-tier banks
The new regulations are designed for calculating second-tier banks’ taxable income, effective 1 January 2026. Kazakhstan’s Ministry of Finance and National Bank have jointly approved new rules for determining taxable income from banking
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