Morocco: Central bank holds interest rate unchanged amid global uncertainties
The Central Bank cited ongoing global and domestic uncertainties, including trade tensions, conflicts in the Middle East and Ukraine and water shortages affecting crops behind the decision. The Central Bank of Morocco kept its benchmark interest
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Nigeria: CBN cuts key interest rate to 27%
The central bank reduced the monetary policy rate (MPR) by 50 basis points to 27.00%. Nigeria's central bank, Central Bank of Nigeria (CBN), has reduced its monetary policy rate (MPR) for the first time since 2020, cutting it by 50 basis points
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US: IRS to end paper refund checks for individual taxpayers
The IRS and the Treasury announced that paper tax refund checks for individual taxpayers will be phased out starting 30 September 2025. The US Internal Revenue Service (IRS), working with the US Department of the Treasury, announced on 23
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Latvia: Parliament amends tax administration rules on late payment interest
The amendments mainly focused on the new rules on late payment interest and are aimed at improving the tax administration. Latvia’s parliament adopted the Law on Amendments to the Law on Taxes and Duties on 4 September 2025, which was
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Albania signs Multilateral Convention for the Implementation of the Pillar 2 Subject to Tax Rule
Albania became the 10th country to sign the STTR MLI, the OECD confirmed. The OECD announced that Albania signed the Multilateral Convention for the Implementation of the Pillar 2 Subject to Tax Rule (STTR MLI) on 23 September 2025. Albania is
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OECD publishes 2025 peer review compilation on CbC reporting
The OECD peer review report covers 142 jurisdictions that have submitted legislation or information on the implementation of CbC reporting. The OECD has released the Compilation of 2025 Peer Review Reports on Country-by-Country Reporting on 23
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Malawi: Government amends customs and excise rules to streamline procedures, enhance compliance
The regulation amends and streamlines procedures, enhances compliance, and enforces penalties related to foreign exchange and export transactions. Malawi’s government has introduced new regulations to update its customs and excise laws on 1
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Costa Rica: DGT overhauls withholding tax reporting returns, self-assessment procedures
Resolution No. MH-DGT-RES-0042-2025 establishes rules for taxpayers required to file both informative and self-assessment withholding tax returns, effective 6 October 2025. Costa Rica’s tax administration (DGT) published Resolution No.
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Costa Rica: DGT updates withholding rules for real estate capital gains, transfer taxes
The Resolution will enter into force on 6 October 2025. Costa Rica’s tax administration (DGT) has published Resolution No. MH-DGT-RES-0039-2025 in the Official Gazette on 17 September 2025, updating the withholding rules for real estate
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Bahrain: NBR issues revised VAT registration guide
The updated VAT registration guide covers instructions regarding individual and group registrations. The Bahraini National Bureau for Revenue (NBR) published an updated version of the value added tax (VAT) registration guide on 16 September
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Sri Lanka updates Colombo Port City investment incentives
Sri Lanka updated Colombo Port City SEZ incentives, which include reduced tax holidays and increased investment thresholds. Sri Lanka has issued new regulations for the Colombo Port City Special Economic Zone (SEZ), reducing tax holidays and
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Denmark proposes higher tax-exempt payments for neighbours of solar farms
The Ministry of Climate, Energy and Utilities has suggested increasing the tax-exempt compensation for residents living near solar farms. Denmark’s Ministry of Climate, Energy and Utilities has suggested increasing the tax-exempt compensation
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Mexico: SAT updates list of non-resident digital service providers registered for VAT
Mexico updated the VAT list of foreign digital service providers. Mexico’s Tax Administration (SAT) has released an updated list of foreign digital service providers registered for Value Added Tax (VAT) purposes, covering non-residents without
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Serbia implements pre-filled VAT returns from 2026
Starting January 2026, VAT returns will be pre-filled with data on goods turnover, service trade, imports, and other VAT-relevant transactions. Starting January 2026, VAT returns in Serbia will be pre-filled with data on goods turnover, service
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US: IRS grants drought-related tax relief for farmers, ranchers across 49 states and beyond
Eligible farmers and ranchers whose drought-sale replacement period was scheduled to expire at the end of 2025 will have until the end of their next tax year to replace the sold or exchanged livestock. The US Internal Revenue Service (IRS) issued
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Costa Rica: DGT publishes guidance on new TRIBU-CR digital tax platform
These resolutions provide guidance on the use of tax forms for VAT and withholding on card transactions, rules for VAT reporting and cross-border digital services, and the authorisation process for applying taxpayer credits in the TRIBU-CR
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Kazakhstan: MOF updates CFC preferential tax jurisdictions list
Kazakhstan approved a 56-country CFC preferential tax list, effective from 1 January 2026. Kazakhstan’s Ministry of Finance (MOF) approved Order No. 492 of 12 September 2025, updating the list of countries and territories with preferential
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Sweden: Government proposes simplified business and capital taxation in 2026 budget
The proposed tax measures include business tax credits and simplified forestry and shipping rules, temporary VAT cuts and fraud controls, changes to excise taxes on alcohol and tobacco, permanent tax-free EV workplace charging, and reduced energy
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