Luxembourg: Government introduces bill to enhance fiscal stability, encourage investments in green infrastructure
The bill seeks to enhance fiscal stability, promote continued workforce participation, and encourage investments in energy-efficient housing. The Luxembourg government submitted a bill to the Chamber of Deputies on 15 October 2025 aimed at
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Philippines: BIR extends e-invoicing compliance deadline
The BIR explained that this extension is necessary due to operational adjustments. The Philippines' tax authority, the Bureau of Internal Revenue (BIR), has issued Revenue Regulations (RR) No. 026-2025 on 5 September 2025, which grants covered
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France proposes reduced surtax for large corporations in draft 2026 budget
For 2026, France intends to maintain the temporary corporate income surtax for large corporations at reduced rates, introduce a wealth tax, speed up the gradual abolition of the CVAE business tax, and revise its global minimum tax
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Singapore: Parliament reviews Finance (Income Tax) Bill 2025, includes new corporate tax relief measures
This legislation proposes numerous amendments to the Income Tax Act (ITA) and the Multinational Enterprise (Minimum Tax) Act (MMTA). Singapore's Parliament is reviewing the Finance (Income Taxes) Bill 2025, which had its first reading on 14
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Singapore: Tax Authority issues e-tax guide on submission of income information by commission-paying organisations
IRAS issued SEP income reporting guide, effective from YA 2024. The Inland Revenue Authority of Singapore (IRAS) issued a new e-Tax Guide, Submission of Income Information by Commission-Paying Organisations, on 17 October 2025. The guide
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G20 finance leaders, central bank governors meeting concludes under South African presidency
G20 Members have reaffirmed their commitment to work collaboratively within the OECD/G20 Inclusive Framework to achieve a balanced global minimum tax solution that addresses fairness, base erosion risks, and digital economy tax challenges while
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Tunisia: Government presents 2026 draft finance law, includes measures to support small and medium enterprises
The draft finance law proposes an amount of TND 10 million dedicated to financing the needs of small and medium enterprises. Tunisia’s government has presented the draft Finance Law for 2026 in the Parliament on 14 October 2025. The bill
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El Salvador to introduce tax amnesty programme for outstanding tax, customs debts
Finance Commission approved a plan allowing taxpayers to clear overdue tax and customs debts without interest or penalties. El Salvador’s Legislative Assembly reported that on 13 October 2025, the Finance Commission gave a positive
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Iceland: MoF consults several proposed tax reforms
The draft law seeks to revise provisions impacting both individuals and businesses, covering areas such as income tax deductions, deadlines for infrastructure tax payments, child benefit rights under the BREXIT agreement, and compliance requirements
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Ethiopia: MoF announces 2025-26 budget, includes alternative minimum tax
Ethiopia's 2025–26 budget introduces major tax reforms, including an alternative minimum tax, revised personal and business income tax rates, digital economy taxation, withholding rules, cash transaction limits, and new measures for corporate
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Russia: State Duma approves draft law on financial platform transactions
State Duma approved a draft law letting platforms trade their own securities. The State Duma, the lower house of the Federal Assembly of Russia, has recommended a draft law, granting financial platform operators the right to participate in
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UK: Welsh government unveils 2026-27 draft budget, proposes landfill disposal tax rate increase
For 2026–27, Wales will keep existing LTT rates but revise Multiple Dwelling Relief and introduce a new refund rule for certain leased properties, while the LDT standard rate will rise in line with RPI. Wales’ Cabinet Secretary for Finance
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Norway: Government presents 2026 Budget Bill, corporate income tax to remain at current levels
The 2026 Budget Bill prioritises welfare, health, defence, reducing electric car subsidies, cutting income and electricity taxes to boost purchasing power, and closing tax loopholes. Norway’s government has presented its proposal for the state
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Ireland publishes Finance Bill 2025, increase rate of R&D tax credit
The 2025 Finance Bill introduces amendments covering VAT rates for hospitality and hairdressing, retirement savings, foreign dividend exemptions, and investment taxation, while updating various enterprise, property, and personal tax measures,
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UAE: Dubai Executive Council introduces framework for free zone companies to operate on the mainland
Dubai is allowing Free Zone companies to operate on the mainland under new branch and temporary permit rules. The Dubai Executive Council has issued Resolution No. (11) of 2025 on 9 October 2025, establishing a regulatory framework that allows
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Germany proposes broader implementation of BEPS MLI
Germany unveiled a draft bill to expand the BEPS MLI to additional tax treaties. The German Ministry of Finance has released a draft bill titled Act Amending the Act on the Multilateral Convention of 24 November 2016 to Implement Tax
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South Africa: SARS urges non-provisional taxpayers to submit annual returns
ARS reminded non-provisional taxpayers to submit their annual income-tax returns, urging compliance and early filing. The South African Revenue Service (SARS) is reminding non-provisional taxpayers that the deadline to submit annual Income-Tax
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Namibia: Central bank lowers key interest rate
The Central Bank decided to lower the repo rate to support Namibia’s economy and maintain the Namibian Dollar–South African Rand currency peg. The Monetary Policy Committee (MPC) of the Bank of Namibia held its fifth bi-monthly meeting on
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