EU Commission allocates EUR 2.9 billion from innovation fund to advance net-zero technologies
The European Commission announced on 3 November 2025 a total of EUR 2.9 billion in funding to 61 cutting-edge net-zero technology projects. The funding comes from the Innovation Fund, using revenues from the EU Emissions Trading System (EU
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Malta: MoF presents budget measures implementation bill to the parliament
Malta’s Ministry of Finance tabled the Budget Measures Implementation Bill 2025 in parliament on 28 October 2025, following the 2026 Budget speech on 27 October 2025. The Budget Measures Implementation Bill 2025 serves as an Act to implement
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Taiwan: Tax Authority clarifies no deduction for employee travel input tax
Taiwan’s Taipei National Tax Administration of the Ministry of Finance stated that when a business arranges employee travel to reward staff, the input tax included in the related invoices cannot be declared as a deduction against output tax on 31
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New Zealand: Revenue Minister unveils updated tax and social policy plan
New Zealand’s Revenue Minister Simon Watts unveiled an updated Tax and Social Policy Work Programme aimed at boosting economic growth by enhancing the country’s appeal to investors, skilled professionals, and small businesses on 29 October
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Cyprus: Council of Ministers approves tax reforms, includes high corporate tax
The Cyprus Council of Ministers has approved the tax reform plan after the Cyprus Tax Reform Team presented its tax proposals to key stakeholders at the Presidential Palace on 26 February 2025. The main tax measures are: Corporate tax
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Bangladesh: Central Bank may lower policy rate in January 2026
Bangladesh’s central bank, Bangladesh Bank, has hinted at a potential adjustment to its policy rate in the upcoming monetary policy, which is anticipated for January 2026, following a meeting with the visiting IMF Fifth Review Mission on 30
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UAE: Central Bank lowers the base rate to 3.90%
The UAE Central Bank has announced a 25-basis-point reduction in its base rate for overnight deposit facilities, lowering it from 4.15% to 3.90% as of 29 October 2025. This change, effective 30 October 2025, follows the US Federal Reserve's
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Poland: MoF makes certificates and authorisations module available in KSeF
Poland’s Ministry of Finance launched the Certificates and Authorisations Module (MCU) on 1 November 2025. This module will enable users to manage authorisations in KSeF, submit certificate applications, and download certificates for system
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OECD reports increase in MAP and APA caseloads in 2024 data published on Tax Certainty Day 2025
The OECD has released new tax dispute statistics, highlighting generally positive results despite ongoing challenges on 31 October 2025. Tax certainty: OECD releases new statistics on tax disputes, showing positive outcomes but with challenges
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Angola: AGT suspends tax identification number for delinquent legal entities
Angola’s General Tax Administration (AGT) announced on 30 October 2025 that, in accordance with Article 13 of Presidential Decree No. 245/21 of 4 October, as amended by Presidential Decree No. 87/25 of 22 April, the Individual Taxpayer Registry
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Finland develops internal control and risk management based on OECD recommendations
Finland’s Ministry of Finance announced on 31 October 2025 that it has been collaborating with the OECD to identify the most effective approaches to developing internal control, risk management, and internal audit. This work is a response to the
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Canada: Bank of Canada cuts rate amid US tariff hike
The Bank of Canada lowered its key interest rate to 2.25% on Wednesday, 29 October 2025, citing ongoing economic weakness, but emphasised that monetary policy cannot reverse the structural damage caused by the US trade war. The central bank
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Slovak Republic: Government audit office to merge with the Ministry of Finance
The Slovak Republic’s President Peter Pellegrini has signed an amendment to Act No. 357/2015 Coll. on Financial Control and Audit, aimed at accelerating the disbursement of EU funds and introducing a simpler, more transparent financial control
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OECD reports increased use of trade policy for agricultural sustainability, calls for changes
The OECD stated in a press release on 30 October 2025 that governments are increasingly adopting trade policy measures and incorporating environmental provisions into trade agreements to promote agricultural sustainability and enhance long-term
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India: CBDT extends income tax returns, audit report deadlines for AY 2025-26
The Central Board of Direct Taxes (CBDT), operating under the Government of India's Ministry of Finance, Department of Revenue, has announced an extension of deadlines for filing Income Tax Returns (ITRs) and various reports of audit for the
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France: National Assembly passes first-reading amendments to the 2026 finance bill, focuses on major corporations
France’s National Assembly introduced several amendments to the Finance Bill for 2026, some of which have been approved during its first reading on 30 October 2025. The changes primarily target large corporations and business groups, introducing
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Greece: Ministry of National Economy and Finance proposes draft tax reform to support families, housing, growth
RF Report Greece's Ministry of National Economy and Finance has unveiled a draft law aimed at boosting citizen income, addressing demographic challenges, and increasing long-term rental housing availability. The reforms target personal income
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UN issues draft framework for international tax cooperation
RF Report The United Nations has refreshed its webpage on Intergovernmental Negotiations for the UN Framework Convention on International Tax Cooperation, unveiling the Co-Lead’s Draft Framework Convention Template dated 24 October 2025. The
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