Switzerland: Federal Council adopts dispatch on exchange of information regarding OECD minimum tax rate
This step provides the international legal basis for implementing the OECD minimum tax rate and will enable multinational enterprise groups to file the required information centrally through a single jurisdiction. Switzerland’s Federal Council
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France: Conseil constitutionnel rules DST constitutional
France’s Digital Services Tax (DST), introduced in 2019, imposes a 3% levy on certain digital services revenues earned in France by companies with global revenues over EUR 750 million and French revenues above EUR 25 million. France’s
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Vietnam joins global forum’s Asia initiative as 18th member
Vietnam becomes the 18th member, endorsing the Bali Declaration to strengthen tax transparency and resource mobilisation. Vietnam became the 18th member of the Asia Initiative by endorsing the Bali Declaration, a call to enhance the use of tax
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France simplifies e-invoicing rules
France eases e-invoicing and e-reporting rules ahead of the 2026-27 deadline. The French government has announced new simplification and easement measures for mandatory e-invoicing and e-reporting, ahead of the 2026-27 compliance deadline. The
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UK: Finance minister plans tax changes to aid small businesses
UK plans tax reforms to boost small business growth. The UK’s finance minister, Rachel Reeves, announced plans to explore reforms to business property taxation on 11 September 2025, aiming to ease expansion for small enterprises and stimulate
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Peru introduces new income tax regime for agricultural sector
The new law aims to encourage investment, enhance competitiveness, and support small producers in Peru’s agricultural sector Peru published Law No. 32434 on 10 September 2025, establishing a legal framework to support the productive,
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Korea (Rep.): National Assembly reviews proposal to amend international tax adjustment Act
The National Assembly is reviewing a bill to update rules under the International Tax Adjustment Act. The Korea (Rep.) National Assembly has accepted Bill No. 2212654 for review on 3 September 2025, aiming to partially amend the International Tax
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Taiwan excludes unrealised foreign exchange gains from corporate tax
Unrealised foreign exchange gains and losses are excluded from Taiwan’s corporate income tax Taiwan’s Ministry of Finance announced on 12 September 2025 that unrealised foreign exchange gains and losses should not be included in the annual
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Russia: FTS consults on revising jurisdiction list for CbC report exchange
The deadline for submitting comments is 17 September 2025. Russia’s tax authority, the Federal Tax Service (FTS), has opened a consultation regarding proposed changes to the list of jurisdictions participating in the automatic exchange of
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Germany: Government approves 2025 draft tax amendment act
The draft bill proposes tax relief for individuals and other technical changes to tax laws and will proceed through approval by the Bundestag and Bundesrat. Germany’s Federal Cabinet (Bundesregierung) has approved the draft of the Tax Amendment
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Ukraine: STS clarifies CFC reporting penalties
Ukraine requires annual CFC reports, with penalties waived during martial law if filed within six months after it ends. Ukraine’s State Tax Service (STS) has clarified that, under the country’s controlled foreign company (CFC) rules, a
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Romania gazettes new VAT return form to reflect updated rates
The updated form with the new VAT rates will be required for the VAT return due on 25 September 2025. Romania’s government has published Order No. 2.131 of 2 September 2025 in the Official Gazette on 8 September 2025, approving the update to
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Finland: Parliament reviews bill to enforce DAC8 crypto reporting
Finland’s Parliament is reviewing a draft bill to implement EU Directive 2023/2226 (DAC8), establishing new reporting and due diligence obligations for crypto-asset service providers. Finland’s Parliament is reviewing draft bill HE
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Canada: CRA outlines updates to voluntary disclosures program
CRA will implement changes to its Voluntary Disclosures Program, which covers disclosures related to various taxes and charges, including income tax, GST/HST, excise duties, luxury tax, digital services tax, effective 1 October 2025. The Canada
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Poland: MoF launches consultation on global minimum tax notification and return forms
The deadline for submitting comments is 19 September 2025. The Polish Ministry of Finance has initiated a public consultation on 11 September 2025, focusing on draft tax forms related to the Pillar 2 global minimum tax framework. The
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Mexico: Federal Executive Branch presents 2026 Economic Package to Congress, includes indirect tax reforms
Mexico’s Federal Executive Branch submitted the 2026 Economic Package to Congress, proposing major changes to VAT, excise, and income taxes, as well as the federal tax code, which are under review until 31 October 2025. Mexico’s Federal
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Denmark gazettes consolidated minimum taxation Act in line with OECD guidelines
Denmark gazettes consolidated Minimum Taxation Act under Executive Order No. 1089/2025, aligning with OECD guidance and EU Directive 2022/2523 Denmark has published the consolidated Minimum Taxation Act through Executive Order No. 1089/2025 on 10
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Bahrain: NBR updates guidance on Domestic Minimum Top-Up Tax
The guidance clarifies scope, exclusions, and safe harbors. Bahrain’s National Bureau for Revenue (NBR) published an updated guidance on 12 August 2025 concerning the 15% Domestic Minimum Top-Up Tax (DMTT), effective from 1 January 2025. The
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