Russia: Bank of Russia lowers key interest rate
The Bank of Russia lowered its key rate on 24 October 2025, noting ongoing inflationary pressures. Regfollower Desk The Bank of Russia announced, on 24 October 2025, that the Board of Directors decided to cut the key interest rate by 50 basis
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UN Tax Committee advances agenda on climate, wealth, health, gender taxation
The UN Tax Committee concluded its 31st session in Geneva, advancing work on environmental, wealth, health, and gender-related taxation while approving new subcommittee mandates. Regfollower Desk The United Nations Committee of Experts on
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France will not domestically implement OECD Pillar One Amount B
France will not apply the OECD’s simplified transfer pricing method, Amount B, to domestic transactions from 2025, but will recognise its outcomes in treaty partner jurisdictions to avoid double taxation. Regfollower Desk France’s tax
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OECD releases third batch of updated transfer pricing country profiles
The OECD released a third batch of updated transfer pricing country profiles on 22 October 2025, covering 25 jurisdictions. Regfollower Desk The OECD has announced, on 22 October 2025, the released a new batch of updated transfer pricing
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Vietnam: MoF introduces revenue-based tax rules for business households
Vietnam replaced the presumptive tax with a self-declaration system for business households. The Vietnamese Ministry of Finance (MoF) has issued Decision No. 3389/QĐ-BTC on 6 October 2025, confirming that the presumptive tax collection
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FATF removes South Africa from grey list
Revenue Service welcomed FATF’s decision to delist the country, marking progress in combating financial crime and strengthening the financial system. The South African Revenue Service (SARS) welcomed the decision by the Financial Action Task
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Lithuania: MoF presents draft budget, expands list of corporate tax exempt entities
Lithuania’s 2026 draft Budget proposes halting the planned increase in CO2 excise duty on diesel and introducing a corporate tax exemption for the National Development Bank. Lithuania’s Ministry of Finance has presented the 2026 draft Budget
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European Commission unveils 2026 work programme, signalling withdrawal of key tax proposals
EU unveiled 2026 plan on 21 October 2025 to boost sovereignty, security, and competitiveness. The European Commission has presented its 2026 work programme, outlining a series of initiatives aimed at strengthening Europe’s sovereignty,
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UN: Tax Committee sets four-year agenda with focus on developing countries, AI, green taxation
The 31st session of the UN Committee of Experts on International Cooperation in Tax Matters was held In Geneva from 21 to 24 October 2025. This was the first meeting of the newly-appointed membership of the Committee, consisting of 25 tax experts
See MoreEU: European Commission releases 2026 work programme
The 2026 Work Programme contains detailed plans to boost the EU’s competitiveness, security, and resilience under its 2024–2029 strategic agenda. The European Commission announced its 2026 Commission Work Programme on 21 October 2025, in
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US: IRS releases guidance on credit, refund limits for employee retention credits
The FAQs discuss the limitation generally, when a claim is considered to be timely filed, and what appeals rights are available if an ERC claimed on a return is disallowed. The US Internal Revenue Service (IRS) has announced the issuance of the
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UAE: MoF publishes list of recognised commodity reporting agencies
MoF listed 13 approved agencies for trading qualifying commodities. The UAE Ministry of Finance (MoF) published Ministerial Decision No. 230 of 2025 on 22 October 2025, listing the recognised reporting agencies for trading qualifying
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Indonesia: Central bank maintains key interest rate
Bank Indonesia will continue monitoring the transmission effectiveness of accommodative monetary policy, economic growth, and inflation, as well as rupiah exchange rate stability, to consider further room for BI-Rate reductions. Indonesia’s
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Austria: Parliament approves temporary investment allowance increase
Parliament approved a temporary increase in the investment allowance for ecological assets between November 2025 and December 2026. The Austrian National Council (Nationalrat) approved a draft bill, on 15 October 2025, introducing a temporary
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EU: Trade Commissioner releases 2025 annual report on policy simplification, implementation, enforcement progress
The report covers progress on simplification, implementation, and enforcement made in the field of trade, customs, and economic security, as well as in the remit of the Publications Office of the European Union during the period 1 January – 31
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Canada: Government to introduce anti-fraud plan, financial crimes agency
The government plans to strengthen Canada’s fight against financial fraud by requiring banks to implement anti-fraud policies, exploring broader sector-wide measures, and establishing a new Financial Crimes Agency. Canada’s Department of
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UN Tax Committee progresses on extractives, digital tax, transfer pricing initiatives
The UN Tax Committee reviewed proposals to establish new workstreams on extractive industries, digital economy, and transfer pricing—aiming to enhance guidance on critical minerals valuation, digital services and remote work taxation, and transfer
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Egypt drops special register requirement for tax accountants
Egypt cancels special register rule for tax accountants to ease procedures. The Egyptian Ministry of Finance cancelled Ministerial Decision No. 481 of 2023 on 19 October 2025, which mandated accountants to be included in a special register to
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