OECD releases 2025 report on tax administration highlighting growing role of AI
The OECD has published a report titled “Tax Administration 2025: Comparative Information on OECD and other Advanced and Emerging Economies,” on 17 November 2025, providing internationally comparative data on tax systems and administration across
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OECD publishes report on recent trends in taxes on energy use, carbon pricing
The OECD published a report titled “Effective Carbon Rates 2025: Recent Trends in Taxes on Energy Use and Carbon Pricing”, which provides insights into how countries are implementing carbon taxes, emissions trading schemes, and fuel excise
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EU Parliament endorses BEFIT corporate tax framework
The European Parliament has approved Legislative Resolution No. P10_TA(2025)0268 on the Business in Europe Framework for Income Taxation (BEFIT) on 13 November 2025. The resolution introduces a unified framework for corporate taxation across the
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Russia: Ministry of Finance proposes removing UAE from offshore zones list
Russia’s Ministry of Finance has proposed removing the UAE from its Special List of jurisdictions considered offshore zones for the period 2024 to 2026. The list covers countries and territories with preferential tax regimes or limited
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Taiwan: Tax Authority clarifies rules for claiming losses on damaged assets
Taiwan’s National Taxation Bureau of the Southern Area outlined rules for claiming losses on damaged assets. Southern Taiwan recently faced torrential rains, causing flooding in low-lying areas. The National Taxation Bureau of the Southern
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Belgium expands tax-neutral rules to simplify sister mergers
Belgium’s Chamber of Representatives approved a law extending the country’s tax-neutral treatment to simplified sister mergers on 23 October 2025. The legislation, based on the EU Mobility Directive (2019/2121), amends the Income Tax Code and
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US: New York weighs corporate tax hike as budget gaps deepen
New York Governor Kathy Hochul is considering whether to raise corporate taxes as the state confronts a sizable budget gap intensified by expected federal funding cuts, a source reported on 14 November 2025. While no proposal has been finalised,
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Slovenia: Government endorse amendments to draft 2026-27 budget implementation act, includes corporate tax increases
During a correspondence session on 15 November 2025, Slovenia’s government endorsed proposed amendments to the draft Act on the Implementation of the Budgets of the Republic of Slovenia for 2026 and 2027. The revisions were prepared in response
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US: Interest rates remain the same for the first quarter of 2026
The US Internal Revenue Service (IRS) announced, on 13 November 2025, that interest rates will remain the same for the calendar quarter beginning 1 January 2026. For individuals, the rate for overpayments and underpayments will be 7% per year,
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UAE: Government conducts first digital dirham transaction
The Ministry of Finance and Dubai Finance (DOF) have announced the execution of the UAE’s first government financial transaction using Digital Dirham, in collaboration with the Central Bank of the UAE. The transaction marks a significant step
See MoreTaiwan: NTB clarifies scope of business tax
Taiwan’s Taipei National Taxation Bureau of the Ministry of Finance stated, on 13 November 2025, that if a business operator collects compensation or penalty fees arising from the sale of goods or services, these fall within the scope of
See MoreUS: IRS announces 401(k) and IRA contribution limits increases in 2026
The US Internal Revenue Service (IRS) announced an increase in 401(k) and IRA contribution limits for 2026 on 13 November 2025. The amount individuals can contribute to their 401(k) plans in 2026 has increased to USD 24,500, up from USD 23,500
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Poland: Sejm adopts Crypto-Asset Market Act, introduces rules to protect clients and investors
Poland’s Ministry of Finance announced, on 13 November 2025, that the lower chamber of parliament (Sejm) had adopted the Crypto-asset Market Act on 7 November 2025. The adopted solutions aim to enhance the security of cryptocurrency issuance
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OECD: Carbon pricing mechanisms are evolving to meet a broader range of policy objectives
The OECD announced the release of a report, “Effective Carbon Rates 2025: Recent trends in taxes on energy use and carbon pricing on 13 November 2025, which presents information on how countries are using carbon taxes, emissions trading systems
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Montenegro joins BEPS MLI
The OECD announced that Montenegro has signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS MLI), also known as the “BEPS Convention” on 12 November 2025. Montenegro’s
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Mexico gazettes 2026 economic package, e-invoicing reforms
Mexico’s government has published a series of decrees introducing the 2026 Federal Revenue Law and extensive reforms to the Federal Tax Code, Special Tax on Production and Services (IEPS), and digital platform taxation. The measures, announced
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Madagascar implements amended OECD-Council of Europe Tax Assistance Convention
Madagascar’s participation in the OECD–Council of Europe Convention on Mutual Administrative Assistance in Tax Matters, as amended by the 2010 Protocol, took effect on 1 November 2025. The Convention will generally be applicable in Madagascar
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Argentina submits Initial Memorandum for OECD accession
The OECD announced, on 11 November 2025, that Argentina has officially submitted its Initial Memorandum for OECD accession to Secretary-General Mathias Cormann on the occasion of OECD Secretary-General Mathias Cormann’s visit to Buenos Aires,
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