EU Council streamlines carbon border adjustment mechanism, exempts small importers
The regulation aims to simplify the CBAM and lower compliance costs, particularly easing the regulatory burden for EU companies and SMEs. The Council of the European Union, in an announcement on 29 September 2025, stated that it has formally
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Ukraine: Government presents 2026 budget to parliament, proposes increased minimum wage
Draft Law No. 14000 proposes raising the minimum statutory monthly salary from UAH 8,000 to UAH 8,647 and the minimum subsistence level for employed individuals from UAH 3,028 to UAH 3,328. Ukraine’s government has presented Draft Law No.
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Taiwan: National Taxation Bureau urges biotech, pharma firms to note deadline for shareholder investment tax credit
Under the Act for the Development of Biotech and Pharmaceutical Industry, profit-seeking enterprises that invest in qualifying companies may claim a tax reduction, but applications for the required certificate must be submitted no later than 31
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Singapore: IRAS issues advance ruling on tax treatment of business transfer transactions
Singapore’s tax authority has clarified the income tax treatment of business transfer transactions in Advance Ruling Summary No. 19/2025, confirming that such transfers are capital in nature, with specific rules applying to inventories, capital
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Taiwan: Taxation Administration announces statutory payment period for commercial vehicle license tax for second half of 2025
The Taxation Administration stated that the tax payment notice will be sent to taxpayers by mail by the tax collection authorities under their local governments. Taiwan’s Taxation Administration has announced that the statutory payment period
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Croatia: Government consults streamlined VAT rules ahead of 2026 e-invoicing rollout
The consultation is set to conclude on 18 October 2025. Croatia’s Ministry of Finance has amended the Value Added Tax Act (VAT) to align it with the Fiscalization Act, which mandates e-invoicing for domestic B2B transactions starting 1 January
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Poland: MoF issues new KSeF guidance ahead of mandatory e-invoicing rollout
The updated guide will help businesses get ready for the mandatory national e-invoicing system, set to take effect in 2026. Poland's Ministry of Finance updated the KSeF portal and introduced a new version of the KSeF 2.0 Manual on 19 September
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UK: HMRC publishes 2025 corporate tax statistics
This annual report details corporate tax receipts and liabilities, categorised by company count, income, deductions, industry sector, size, and financial year. The UK tax authority, HM Revenue & Customs (HMRC), published its annual
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Czech Republic revises jurisdictions subject to automatic financial information exchange
The list covers 159 jurisdictions, detailing the instruments for information exchange—such as the Mutual Assistance Convention, EU Council Directive 2014/107 (DAC2), and bilateral tax treaties—along with whether each jurisdiction has signed the
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Australia: ATO releases summary of initial Pillar 2 briefing
The session focused on the engagement with multinational enterprise (MNE) groups that may be in-scope of the measure, and with tax advisers providing specialist services around Pillar Two. The Australian Taxation Office (ATO) has released a
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South Africa: SARS consults draft rules for CARF implementation, CRS amendments
The consultation concludes on 3 October 2025. South Africa’s National Treasury and the South African Revenue Service (SARS) introduced draft regulations on 15 September 12025, aimed at enhancing the country's approach to cryptoasset oversight
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Pakistan: FBR removes estimated market value column from 2025 income tax return form, urges taxpayers to file by 30 September deadline
FBR removed the “estimated market value” column from the 2025 tax return form The Federal Board of Revenue (FBR) has removed the “estimated market value” column from the 2025 Income Tax Return to simplify the filing process for
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Taiwan: MOF issues guidance on R&D investment tax credits eligibility
Companies are encouraged to actively engage in R&D, and the principle should be the establishment of in-house R&D capacity. However, certain outsourced R&D expenses, if necessary and compliant with the regulations, may also qualify for
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Poland: Council of Ministers adopt 2026 draft budget act
The 2026 draft includes various fiscal changes, such as an increase in the corporate tax rate for the banking sector, a rise in the VAT exemption threshold, and an increase in excise rates on alcoholic beverages. Poland’s Council of Ministers
See MoreWorld Bank: Analysis of Tax Data to Understand Job Creation
A World Bank blog on 16 September 2025 looked at how administrative data drawn from tax returns can reveal information about the businesses that are creating employment. The blog, written by V. Wiedemann, T. Scot, L. Zavala and L. Serrano Pajaro,
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Australia: ATO issues final guideline on use of capital for funding franked dividends
The Guideline explains how the ATO assesses and applies compliance resources under section 207-159 of the ITAA 1997 to determine when franking credits on a distribution may be denied. The Australian Taxation Office (ATO) released Practical
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Hong Kong: IRD updates guidance on global minimum and top-up taxes
IRD updated rules on global minimum and top-up taxes, introducing the Pillar 2 Portal and new group registration requirements. Hong Kong’s Inland Revenue Department released an updated guidance on the global minimum tax and Hong Kong’s
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Singapore: IRAS clarifies tax treatment of revaluation gains in company liquidation
IRAS rules revaluation gains on overseas shares in liquidation are not taxable. The Inland Revenue Authority of Singapore (IRAS) has issued Advance Ruling Summary No. 18/2025 on 1 September 2025, addressing the tax treatment of revaluation gains
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