Ireland: Irish Revenue revises schedule of revenue powers
The brief confirms the updates to the Tax and Duty Manual (TDM) as of July 2025. The Irish Revenue has published eBrief No. 135/25 on 15 July 2025 about updates to Tax and Duty Manual (TDM) 38-04-15 Schedule of Powers. Revenue eBrief No.
See More
Mexico updates final lists of taxpayers linked to fake transactions
The updated lists of taxpayers suspected of issuing invalid invoices due to non-existent transactions require affected parties to provide proof or amend tax returns within 30 days. Mexico’s Tax Administration (SAT) has revised the final lists
See More
Turkey extends tax payment deadlines in earthquake-hit regions
Turkey delays tax debt repayments for earthquake-affected taxpayers until after November 2025. Turkey's Revenue Administration announced the enactment of Presidential Decision No. 10700 on 14 July 2025, extending the payment periods for
See More
Colombia sets shareholder loan rate at 9.25% for 2025
 Colombia has lowered the deemed minimum interest rate on shareholder and partner loans to 9.25% for the 2025 tax year, down from 12.69% in 2024. Colombia’s Ministry of Finance has issued Decree No. 0771 on 7 July 2025, establishing a deemed
See More
Bangladesh, US to hold final tariff negotiations before August 25
Bangladesh and the US to hold final tariff negotiations next week to avert 35% export duty. Bangladesh will commence a third and final round of negotiations with the US next week to avert a 35% tariff on its exports, scheduled to take effect on 1
See More
EU warns of retaliation if US proceed with tariffs from August
Following a meeting in Brussels, EU foreign and trade ministers expressed frustration with Washington’s lack of agreement and signalled readiness to respond if negotiations break down. The European Union (EU) on 14 July 2025 warned that it may
See More
Netherlands : Senate approves box 3 Rebuttal scheme
The Dutch Senate approved the Box 3 Rebuttal Scheme on 8 July 2025, allowing taxpayers to prove actual returns on savings and investments. The Dutch Senate approved the Box 3 Rebuttal scheme on 8 July 2025, allowing taxpayers to prove the actual
See More
Ireland updates carbon tax and horticultural relief rates from May 2025
The eBrief updates tax guides to reflect revised mineral oil, solid fuel carbon, and natural gas carbon tax rates, including updated relief rates, contact details, and manual titles. The Irish Revenue has published Revenue eBrief No. 132/25,
See More
UAE: FTA offers penalty waiver for late tax registration
The FTA clarified conditions for waiving or refunding penalties for late corporate tax registration, requiring returns or declarations to be filed within seven months of the first tax period. The UAE Federal Tax Authority (FTA) has released
See More
Kenya reduces market rates for fringe benefit tax, non-resident loansÂ
For July to December 2025, the rate has been reduced to 8% (from 9%), and the low-interest loan benefit rate has dropped to 9% (from 14%). The Kenya Revenue Authority (KRA) released a public notice on 10 July 2025 regarding updates to the market
See More
UK: HMRC launches compliance campaign on directors’ loans
HMRC is contacting directors over potentially undeclared released loans, with possible implications for both personal and company tax compliance. The UK’s HMRC is contacting company directors who had loans released or written off between April
See More
OECD highlights progress and burden reduction on BEPS standards
The OECD/G20 Inclusive Framework report endorsed practical adjustments to ease the BEPS minimum standards' administrative burdens. RegFollower Desk The OECD reported on 4 July 2025 that the members of the OECD/G20 Inclusive Framework has
See More
OECD reports growing tax support needs in developing nations
The report highlighted that developing countries are prioritising domestic revenue generation, driving higher demand for tax support and expanded OECD activities. The OECD has published the "Tax Co-operation for Development: Progress Report on
See More
OECD: VAT receipts boost tax revenue in Asia-Pacific
The report states that tax revenues in the Asia-Pacific rose for a third straight year in 2023 due to higher VAT receipts. The OECD has released the Revenue Statistics in Asia and the Pacific 2025 report on 8 July 2025, which reveals that tax
See More
OECD consults on copper transfer pricing framework
Comments are due by 5 September 2025. The OECD has initiated a public consultation on a transfer pricing framework for copper on 10 July 2025. The comment submission deadline is set for 5 September 2025. Determining the Price of Minerals: A
See More
Uganda enacts 2025–26 budget measures
The changes took effect on 1 July 2025. Ugandan President Yoweri Museveni signed several tax amendment bills into law to implement the tax measures of the 2025-2026 Budget on 30 June 2025. The newly signed laws include the Value Added Tax
See More
Tanzania enacts 2025-26 budget measures, includes new transfer pricing penalty
The measures will apply from 1 July 2025, unless otherwise specified. Tanzania's Finance Act 2025 was enacted on 30 June 2025, implementing tax measures from the 2025-26 Budget Speech with some adjustments to the initially announced
See More
Ecuador clarifies tax exemption rules for share transfers
The Circular clarified income tax rules and filing obligations for share transfers and corporate restructurings. Ecuador’s Internal Revenue Service (SRI) issued Circular No. NAC-DGECCGC25-00000005 on 30 June 2025, clarifying income tax rules
See More