Kenya: KRA issues reminder on implementation of electronic tax invoicing for fuel stations
The Kenya Revenue Authority (KRA) issued a public notice on 25 November 2025, reminding all petroleum product retailers of their obligation to implement the eTIMS Fuel Station System across their retail outlets. The compliance deadline for
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OECD reports growth in corporate tax income amid stabilising global rates
The OECD has announced the publication of its 2025 edition of Corporate Tax Statistics on 25 November 2025. Corporate tax revenues rise as global corporate tax rates continue to stabilise, new OECD data show Corporate tax revenues have
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EU Commission unveils business wallets to streamline operations and boost competitiveness
The EU Commission has proposed a regulation on 19 November 2025 to establish European Business Wallets to simplify business operations across the EU. Designed for Businesses and developed by Businesses, the EU Business Wallers will modernise and
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OECD: R&D tax incentives lower corporate tax burdens by 35%
The OECD, in a release on 25 November 2025, reported the Income-based tax incentives for R&D and innovation (IBTIs) feature in the innovation policy toolbox of most OECD countries and other major economies. Income-based tax incentives (IBTIs)
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Austria: Government approves tax amendment Act 2025 to align with EU rules
The Austrian Government gave its approval to the proposed Tax Amendment Act 2025 (Abgabenänderungsgesetz 2025) on 18 November 2025. The Act introduces changes to several tax laws and ensures national legislation complies with EU requirements. It
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South Africa: SARS lowers official interest rate for taxing low-interest loans
The South African Revenue Service (SARS) has updated its Table 3, reducing the official interest rate used to tax interest-free or low-interest loans from 8.00% to 7.75%, effective 1 December 2025. Under the Income Tax Act, a taxable fringe
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OECD Secretary-General presents tax report to G20 Leaders in South Africa
The OECD released a tax report titled “OECD Secretary-General Tax Report to G20 Leaders”, which was presented by the Secretary-General to G20 leaders on 22 November 2025. The report provides an overview of key developments in international
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G20 Leaders issue statement following South Africa Summit
The G20 Leaders’ Declaration, released after the Summit on 22–23 November 2025 in Johannesburg, South Africa, outlines various key taxation measures. Working Together To Stabilise The International Tax System And Enhance Domestic Resource
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Belgium: Government gazettes bill extending exemptions to sister company mergers
Belgium’s government has gazetted a law of 30 October 2025 on 24 November 2025, extending the existing tax exemption for mergers to include simplified sister mergers, in line with the EU Mobility Directive 2019/2121 on cross-border conversions,
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OECD: Forum on Tax Administration approves new cooperative efforts to streamline compliance, address tax gaps
The OECD Forum on Tax Administration (FTA) held its 18th annual Plenary meeting in Cape Town, South Africa, on 18–20 November 2025, bringing together tax commissioners and delegates from 49 jurisdictions, as well as representatives from
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Colombia: DIAN proposes new legislation to modernise customs regime
Colombia’s government has submitted Bill 312 of 2025 to the General Secretariat of the Colombian Senate on 30 October 2025. The bill seeks to update and streamline the customs sanctions regime by redefining infractions as grave, serious, or
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Ireland publishes feedback statement on interest tax reform
Ireland’s Tánaiste and Minister for Finance Simon Harris T.D. has published a Feedback Statement for Phase One of the reform of Ireland’s taxation regime for interest. This announcement was made on 21 November 2025. The statement aims to
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US: IRS resumes normal operations following 2025 appropriations lapse
The US Internal Revenue Service (IRS) has announced the resumption of regular operations following the 2025 government funding lapse on 19 November 2025. As full operations recommenced, it is important for taxpayers and tax professionals to be aware
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EU Commission consults e-invoicing regulations in public procurement
The EU Commission has launched a consultation on 19 November 2025 on its plans to revise EU rules on electronic invoicing in public procurement to address shortcomings in the current framework, promote harmonised e-invoicing across the EU, and
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Colombia: Government moves forward with customs sanctions reform bill
The Colombian Government has formally submitted a bill to create a new customs sanctions regime, fulfilling requirements set by the Constitutional Court under ruling C-072 of 2025. The initiative, filed as No. 312, must be enacted no later than 20
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Mexico: SAT expands taxpayer services with two new offices
Mexico’s Tax Administration Service (SAT) has opened two new Tax Service Modules (MST) in Tulum, Quintana Roo, and Tekax, Yucatán, expanding its nationwide network to 164 offices. This announcement was made on 18 November 2025. The Tulum
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Denmark: Ministry of Taxation proposes draft tax and duty reforms targeting environment, transport
Denmark’s Ministry of Taxation has released a draft legislation (2025/1 LSF 79) on 19 November 2025, proposing multiple changes to various tax and duty laws, focusing primarily on environmental and transportation policy. The draft bill
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Malaysia: MoF presents 2025 Finance Bill, proposes new capital gains tax rules
Malaysia’s Ministry of Finance has presented the Finance Bill 2025 and Measures for the Collection, Administration and Enforcement of Tax Bill 2025 for the first reading in parliament on 18 November 2025. The Bill proposes amendments to
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