Singapore introduces refundable investment credit regulations
Singapore enacts Income Tax (Refundable Investment Credits) Regulations 2025, introducing tax credits of up to 50% for qualifying business investments under Pillar 2 rules. Singapore has published the Income Tax (Refundable Investment Credits)
See More
Denmark proposes near-zero electricity tax for 2026–2027
Bill L 24 proposes cutting the general electricity tax to the EU minimum of 0.8 øre per kWh for 2026 and 2027. Denmark's Minister for Taxation submitted Bill L 24 to parliament on 8 October 2025, aiming to lower the general electricity tax to
See More
India: NITI Aayog proposes tax clarity for foreign investors
The working paper recommends that the Ministry of Finance consider the proposed framework for inclusion in future Finance Bills, following consultations with industry, experts, and treaty partners. NITI Aayog’s tax policy group in India has
See More
Saudi Arabia: ZATCA urges taxpayers to benefit from fines cancellation scheme
ZATCA urged taxpayers to use its fines and penalties exemption scheme before 31 December 2025. The Saudi Zakat, Tax and Customs Authority (ZATCA) has urged all taxpayers to leverage from the “Cancellation of Fines and Exemption of Penalties
See More
US: IRS announces 2026 tax inflation adjustments, includes amendments from One Big Beautiful Bill
The IRS detailed annual inflation adjustments for the tax year 2026, affecting over 60 tax provisions, including tax rate schedules and other related changes. The US Internal Revenue Service (IRS) released Revenue Procedure 2025-32, detailing
See More
Greece unveils 2026 budget with targeted tax cuts to ensure fiscal stability
The 2026 budget introduces tax relief measures, including reduced real estate and VAT rates, and additional initiatives such as a Pharmaceutical Innovation Fund and the elimination of the TV subscription fee. Greece’s Ministry of Finance
See More
Greece: AADE opens digital applications for special taxation of income
From 3 October, new tax residents can apply on myAADE for Greece’s Article 5G special tax regime. The Greek Independent Authority for Public Revenue (AADE) has announced that, starting 3 October, individuals transferring their tax residence to
See MoreSingapore: IRAS updates e-Tax guide on non-taxation of gains from share disposals
IRAS updates e-Tax Guide to expand the non-taxation scheme for share disposal gains from 2026. The Inland Revenue Authority of Singapore (IRAS) issued the updated e-Tax Guide on the Certainty of Non-taxation of Companies’ Gains on Disposal of
See More
New Zealand: Central Bank lowers benchmark interest rate to 2.5%
The central bank lowered its benchmark interest rate by 50 basis points to 2.5%. New Zealand's central bank, the Reserve Bank of New Zealand (RBNZ), announced on 8 October 2025 that it has lowered its benchmark interest rate by 50 basis points
See More
Kenya: Central Bank lowers key policy rate to 9.25%Â
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 MoreSingapore: 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