Canada: Quebec government proposes various tax measures in 2025 fall economic update
Quebec’s Finance Minister presented the 2025 Fall Economic Update on 25 November 2025, outlining proposed tax measures affecting both businesses and individuals. The 2025 Fall Economic Update does not introduce any corporate or personal tax
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UK: Government releases 2025 budget, mandates VAT e-invoicing from 2029
The UK government published Budget 2025 on 26 November 2025, introducing various measures to improve digital tax administration. One key measure is the requirement for all VAT invoices to be electronic from 1 April 2029. The shift to e-invoicing
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Egypt: Central Bank maintains key policy rates steady amid inflation concerns
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has decided to maintain the country’s key policy rates: the overnight deposit rate at 21% , the overnight lending rate at 22.00%, and the rate of the main operation at 21.50%.
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Greece: Ministry of National Economy and Finance consults draft development laws
Greece’s Ministry of National Economy and Finance has initiated a public consultation on a number of draft laws regarding the new national development programme, transfer of the payment and control organisation for EU guidance and guarantee
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Kuwait: MoF sets digital formats for 2025/2026 budget submissions
Kuwait’s Minister of Finance has released a comprehensive administrative circular on outlining the required formats for submitting budget and operational documents for the 2025/2026 fiscal year. The directive covers all major financial areas,
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Turkey gazettes procedural changes for taxpayers, revised financial thresholds ahead of 2026
Turkey’s Official Gazette has released two new tax communiqués, Series No. 584 and No. 585, detailing important procedural changes for taxpayers and revised financial thresholds for the year ahead. Simple Procedure Transition (Communiqué
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Uruguay: Senate continues detailed review of national budget 2025–2029
The Uruguayan Senate resumed the detailed consideration of the National Budget 2025–2029 on Wednesday, 26 November, following a temporary recess. Senator Sebastián Sabini reported proceedings in the Chamber. This announcement was made on 27
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Greece: Ministry of Economy and Finance announces State Budget Execution for January – October of 2025
Greece’s Ministry of Economy and Finance announced, on 25 November 2025, the execution of the State Budget on a modified cash basis. The State Budget balance for the period of January – October of 2025 presented a surplus of EUR 3,037
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Sri Lanka continues Committee Stage Debate on 2026 Budget
Sri Lanka’s Parliament progressed through the Committee Stage Debate of the 2026 Budget this week, with the 10th and 11th days of the 17-day proceedings addressing several key ministry allocations under the Appropriation Bill. On 26 November
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Poland: Ministry of Finance consults new CIT tax form templates
Poland’s Ministry of Finance has launched public tax consultations on a series of updated corporate income tax (CIT) form templates and is inviting taxpayers, advisers and other stakeholders to provide feedback by 3 October 2025. The
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UK 2025 Budget: Government unveils tax incentives for businesses
The UK government has unveiled Budget 2025 measures aimed at cutting costs, boosting investment, and supporting business growth on 26 November 2025. Key business support measures include: Permanent lower business rates tax rates for over
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Ireland: DoF opens consultation on Phase One of interest tax reform
Ireland’s Department of Finance has opened a consultation on Phase One of its proposed reform of the country’s interest taxation regime. The consultation period begins on 21 November 2025. The reform, outlined in a “Strawman Proposal,”
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Kenya: KRA issues reminder on implementation of electronic tax invoicing for fuel stations
The Kenya Revenue Authority (KRA) issued a public notice on 25 November 2025, reminding all petroleum product retailers of their obligation to implement the eTIMS Fuel Station System across their retail outlets. The compliance deadline for
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OECD reports growth in corporate tax income amid stabilising global rates
The OECD has announced the publication of its 2025 edition of Corporate Tax Statistics on 25 November 2025. Corporate tax revenues rise as global corporate tax rates continue to stabilise, new OECD data show Corporate tax revenues have
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EU Commission unveils business wallets to streamline operations and boost competitiveness
The EU Commission has proposed a regulation on 19 November 2025 to establish European Business Wallets to simplify business operations across the EU. Designed for Businesses and developed by Businesses, the EU Business Wallers will modernise and
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OECD: R&D tax incentives lower corporate tax burdens by 35%
The OECD, in a release on 25 November 2025, reported the Income-based tax incentives for R&D and innovation (IBTIs) feature in the innovation policy toolbox of most OECD countries and other major economies. Income-based tax incentives (IBTIs)
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Austria: Government approves tax amendment Act 2025 to align with EU rules
The Austrian Government gave its approval to the proposed Tax Amendment Act 2025 (Abgabenänderungsgesetz 2025) on 18 November 2025. The Act introduces changes to several tax laws and ensures national legislation complies with EU requirements. It
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South Africa: SARS lowers official interest rate for taxing low-interest loans
The South African Revenue Service (SARS) has updated its Table 3, reducing the official interest rate used to tax interest-free or low-interest loans from 8.00% to 7.75%, effective 1 December 2025. Under the Income Tax Act, a taxable fringe
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