Kenya: Central Bank lowers key policy rate to 9.25%
The benchmark lending rate has been lowered from 9.50% to 9.25%. Kenya's central bank, Central Bank of Kenya (CBK), has reduced the Central Bank Rate (CBR) for the eighth consecutive time by 25 basis points to 9.25% from 9.50% on 7 October
See More
Brazil: Senate passes second bill on new consumption tax framework
The Bill has now been forwarded to the Chamber of Deputies for additional review and discussion. Brazil’s Senate has passed Complementary Bill (PLP) 108/2024 on 30 September 2025, which is the second legislative effort to structure the
See More
Latvia: Finance minister outlines key priorities in 2026 draft budget, initiates discussions with social partners
The 2026 budget proposes diversifying revenue sources through higher gambling and excise taxes, while supporting investment and easing living costs with tax law amendments and a temporary VAT cut on basic foods starting July 2026. Latvia's
See More
Luxembourg: MoF presents 2026 state budget to Chamber of Deputies, proposes fiscal measures to bolster innovation-driven investments
The 2026 budget focuses on strengthening its financial centre through tax reforms and tech investments, while expanding incentives and support measures for SMEs and start-ups to boost innovation and entrepreneurship. Luxembourg's Minister of
See More
Russia: SMEs in the hotel industry to receive over RUB 85 billion in government support until 2030
Russia plans to channel over RUB 85 billion to nearly 2,500 hotel SMEs by 2030 through the National Guarantee System, boosting tourism infrastructure and supporting new and existing hotels. The Russian government plans to channel more than RUB 85
See More
US: Treasury, IRS provide penalty relief for remittance transfer providers who fail to deposit excise tax under the OBBB
The US Department of the Treasury and the IRS have issued Notice 2025-55, granting limited penalty relief to remittance transfer providers for the first three quarters of 2026 as they adapt to the new 1% remittance transfer tax under the One, Big,
See More
Ireland presents 2026 Budget, proposes increased R&D tax credits
Minister for Finance Paschal Donohoe said the Budget aims to boost productivity, protect jobs, and strengthen Ireland’s economic foundations. Ireland's Department of Finance has released the Budget 2026, which was presented on 7 October 2025,
See More
Sweden adopts stricter F-tax measures
Companies, including foreign entities, that fail to comply with green technology refund obligations or provide essential tax data may face F-tax denial or revocation from 1 November 2025. Sweden’s government plans to introduce new rules to
See More
Singapore: IRAS updates e-Tax guide on variable capital companies
The e-Tax Guide outlines the tax framework applicable to VCCs and is intended for individuals or entities involved in incorporating, registering, or managing a VCC. The Inland Revenue Authority of Singapore (IRAS) has published an updated e-Tax
See More
El Salvador: MoF publishes guidance on preferential tax jurisdictions
El Salvador lists low- and no-tax jurisdictions for 2026, with related tax rules and treaty guidance. El Salvador's Ministry of Finance ( MOF) issued guidance MH.UVI.DGII/006.002/2025 on countries considered to have preferential tax regimes with
See More
UK: HMRC releases latest R&D tax credit data
HMRC reports GBP 7.6bn in R&D tax relief for 2023–24, with SME claims down and RDEC claims up. The UK’s HM Revenue and Customs (HMRC) published the latest update in its yearly series on research and development (R&D) activities on 30
See More
Australia: ATO issues final guidance on guarantees and Division 7A avoidance
The guidance finalises ATO’s guidance and clarifies its view on the application of section 109U to private company arrangements involving guarantees under Division 7A. The Australian Taxation Office (ATO) announced it issued Taxation
See More
EU Commission recommends expanding access to tax-favoured savings and investment accounts (SIAs)
The EU recommended measures are aimed at increasing access to simplified, tax-advantaged savings and investment accounts. The European Commission (EC) issued a recommendation aimed at expanding access to savings and investment accounts (SIAs)
See More
Hong Kong: IRD lowers interest on tax reserve certificates
The new rate will apply to all tax reserve certificates purchased on or after 6 October 2025. The Hong Kong Inland Revenue Department (IRD) announced on 3 October 2025 that starting from 6 October 2025, the new annual rate of interest payable
See More
US: IRS retracts proposed rules on corporate divisions, reorganisations
The U.S. Treasury and IRS have withdrawn the 30 September 2025 proposed regulations on corporate separations, incorporations, reorganisations, and multi-year tax reporting for related transactions. The U.S. Department of the Treasury and the
See More
Australia: Large companies continue to pay record levels of tax
Corporate tax remains high as nil-tax entities decline. The Australian Taxation Office (ATO) has published its annual Corporate tax transparency (CTT) report revealing large corporates paid a combined AUD 95.7 billion in income tax in 2023–24,
See More
Singapore: IRAS issues ruling on tax treatment of cash premium in REIT securities exchange
IRAS clarified tax treatment of REIT securities exchange. The Inland Revenue Authority of Singapore (IRAS) has released Advance Ruling Summary No. 20/2025 on 1 September 2025, outlining the tax implications of a cash premium paid in connection
See More
Iceland consults on changes to innovation tax credit law
The consultation ends on 13 October 2025. The Icelandic Minister of Finance and Economic Affairs launched a public consultation on proposed amendments to Law No. 152/2009, which governs tax credit support for innovative companies. The
See More