Finland: Government presents 2026 budget to parliament, proposes reduced corporate taxes
The 2026 budget proposal lowers corporate and CO2 fuel taxes while tightening crypto reporting, adjusting VAT, and raising taxes on vehicles, tobacco, alcohol, and soft drinks. Finland’s government has presented the 2026 budget proposal (HE
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Dominican Republic: Tax Authority updates excise taxes on alcohol and cigarettes
The updated rates will apply from 1 October to 31 December 2025. The Dominican Republic’s Tax Authority issued Resolution DDG-AR1-2025-00006 on 10 September 2025, revising the specific amounts for the selective consumption tax on alcoholic
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France launches e-invoicing directory
The directory serves as a central resource where companies can check which businesses are subject to the e-invoicing mandate, identify their authorised platform providers, and access electronic billing addresses. The French tax administration
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Germany signs multilateral GloBE information exchange agreement
Germany signed the GIR MCAA on 19 September 2025, joining 17 jurisdictions under Pillar 2 of the OECD/G20 framework. Germany signed the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) on 19 September
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Mexico: Banxico to lower key interest by 25bps as growth slows
Mexico’s central bank cut key interest by 25bps amid slowing growth. Mexico’s central bank (Banxico) is expected to cut its key interest rate by 25 basis points to 7.50% at its September 25 meeting. This would be the eleventh rate
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Tunisia introduces new e-invoicing requirements for B2B companies
Tunisia requires businesses to use e-invoicing from 1 July 2025, with penalties ranging from TND 100–500 per invoice and up to TND 50,000 for noncompliance. Tunisia has introduced new e-invoicing requirements through Administrative Note No.
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UAE: CBUAE lowers the base rate by 25 basis points
This announcement was made by CBUAE on Thursday, 18 September 2025. The adjustment took effect on the same day. The Central Bank of the UAE (CBUAE) has lowered the Base Rate for the Overnight Deposit Facility (ODF) by 25 basis points, reducing it
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Slovenia: MoF proposes implementation of DAC8, DAC9
The amendments aim to align domestic tax procedures with EU and OECD standards, enhance reporting obligations, and streamline tax enforcement. The Slovenian Ministry of Finance (MOF) has submitted a bill proposing changes to the Tax Procedure Law
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Serbia: MoF updates e-invoicing platform
The SEF version 3.14.0 updates require e-invoices to include delivery dates, ensure transaction dates are not later than issue dates, enforce VAT consistency checks, display totals for reductions and increases in foreign currency, and allow
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Canada announces GST/HST filing deadlines for distributed investment plans
These rules also impose responsibilities on both investors and securities dealers. Canada’s government announced that distributed investment plans, such as mutual fund trusts and investment limited partnerships are required to reach out to
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US: Treasury, IRS release guidance on tip-eligible occupations under One, Big, Beautiful Bill (OBBBA)
The proposed regulations list nearly 70 separate occupations of tipped workers, from bartenders to water taxi operators. The Department of the Treasury and the Internal Revenue Service issued IR-2025-92 on 19 September 2025, in which it provided
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Romania gazettes revised VAT reporting requirement
Order No. 2194/2025 has been issued approving the revised format of Romania’s Statement 394 for reporting goods, services, and acquisitions. Romania has published Order No. 2194/2025 in Official Gazette No. 852 of 17 September 2025. This
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India: CBDT further extends income tax returns (ITRs) deadline for AY 2025–26
The filing deadline has been further extended by one day. India’s Central Board of Direct Taxes (CBDT) has announced another extension for filing Income Tax Returns (ITRs) for the Assessment Year 2025-26. Initially, the deadline was set
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Ethiopia: House of Representatives pass income tax reform, introduces changes to corporate and alternative minimum tax
The amendments aim to modernise Ethiopia’s tax system, improve compliance, simplify procedures, and broaden the tax base to include emerging and digital sectors. The Ethiopian House of Peoples’ Representatives approved the Income Tax
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US: Treasury consults GENIUS Act implementation
Comments on the ANPRM must be submitted within 30 days of its publication in the Federal Register. The US Treasury Department released an advance notice of proposed rulemaking (ANPRM) on 18 September 2025, seeking public comments on the
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Russia weighs new taxes as budget pressures mount in fourth year of Ukraine war
President Vladimir Putin has hinted at new taxes on the wealthy as Moscow readies its draft budget, while the Finance Ministry moves to shield revenues from oil price swings in the fourth year of the Ukraine war. Russian President Vladimir Putin
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UK: HMRC issues guidance on PAYE addressing non-compliance in the umbrella company market
These rules are based on draft legislation and the government’s approach to tackling non-compliance in the umbrella company market. HMRC issued guidance on 17 September 2025 outlining new rules that place responsibility on recruitment agencies
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Sweden: Ministry of Finance publishes bill to implement DAC8 Crypto-Asset Reporting, CARF
The bill concerns the exchange of information on crypto-assets, where the requirements of DAC8 are implemented together with CARF as a single unit. Sweden has published draft legislation through its Ministry of Finance to align with Council
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