Ukraine: Government presents 2026 budget to parliament, proposes increased minimum wage
Draft Law No. 14000 proposes raising the minimum statutory monthly salary from UAH 8,000 to UAH 8,647 and the minimum subsistence level for employed individuals from UAH 3,028 to UAH 3,328. Ukraine’s government has presented Draft Law No.
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Taiwan: National Taxation Bureau urges biotech, pharma firms to note deadline for shareholder investment tax credit
Under the Act for the Development of Biotech and Pharmaceutical Industry, profit-seeking enterprises that invest in qualifying companies may claim a tax reduction, but applications for the required certificate must be submitted no later than 31
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Singapore: IRAS issues advance ruling on tax treatment of business transfer transactions
Singapore’s tax authority has clarified the income tax treatment of business transfer transactions in Advance Ruling Summary No. 19/2025, confirming that such transfers are capital in nature, with specific rules applying to inventories, capital
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UK: HMRC publishes 2025 corporate tax statistics
This annual report details corporate tax receipts and liabilities, categorised by company count, income, deductions, industry sector, size, and financial year. The UK tax authority, HM Revenue & Customs (HMRC), published its annual
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US introduces ‘platinum card’ visa permitting 270-day stay with no foreign income tax
The Trump Platinum Card will allow individual applicants to reside in the US for up to 270 days per year without being subject to tax on non-US income. The US has unveiled plans for a "Platinum Card" that would enable foreign nationals to stay in
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Australia: Government moves to cut ‘tax red tape’ to reduce regulatory, compliance burden for businesses
To simplify Australia’s tax system and boost economic productivity, the government has tasked the Board of Taxation with reviewing ways to cut red tape and reduce compliance burdens for businesses. Australia’s Treasurer Jim Chalmers announced
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EU: MEP urges European Parliament to ban tax havens
MEP João Oliveira urged the EU to ban tax havens and strengthen tax fairness. João Oliveira, a Member of the European Parliament (MEP), has submitted a resolution to the European Parliament proposing measures to enhance tax fairness and
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Ireland: Revenue clarifies iXBRL filing for Large Corporates Division, High Wealth and Financial Services Division
Revenue confirmed continued iXBRL filing for LCD and HWFSD companies. The Irish Revenue published eBrief No. 173/25 on 23 September 2025 regarding iXBRL filing requirements for companies liable to corporation tax whose affairs are managed in
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Singapore: IRAS Advance Ruling clarifies which companies qualify under Section 13O tax incentive
The test assesses if an investor’s share in a fund is small enough to prevent penalties and maintain the fund’s tax-exempt status. The Inland Revenue Authority of Singapore (IRAS) has released Advance Ruling Summary 17/2025 on 1 September
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Netherlands: Lower house approves 2026 Omnibus Tax Bill
This 2026 Omnibus Tax Bill introduces various primarily technical, smaller-scale amendments, proposals, and corrections across multiple tax laws. The Dutch lower house of the parliament approved the 2026 Omnibus Tax Bill, and published it on its
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Russia: MoF presents various tax reforms, includes VAT increases as part of 2026 budget package
The budget proposals include a standard VAT rate hike from 20% to 22%, and the simplified VAT threshold will drop from RUB 60 million to RUB 10 million, amongst others. Russia’s Ministry of Finance has submitted a series of draft laws to the
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Morocco: Central bank holds interest rate unchanged amid global uncertainties
The Central Bank cited ongoing global and domestic uncertainties, including trade tensions, conflicts in the Middle East and Ukraine and water shortages affecting crops behind the decision. The Central Bank of Morocco kept its benchmark interest
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Nigeria: CBN cuts key interest rate to 27%
The central bank reduced the monetary policy rate (MPR) by 50 basis points to 27.00%. Nigeria's central bank, Central Bank of Nigeria (CBN), has reduced its monetary policy rate (MPR) for the first time since 2020, cutting it by 50 basis points
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Sri Lanka updates Colombo Port City investment incentives
Sri Lanka updated Colombo Port City SEZ incentives, which include reduced tax holidays and increased investment thresholds. Sri Lanka has issued new regulations for the Colombo Port City Special Economic Zone (SEZ), reducing tax holidays and
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Sweden: Government proposes simplified business and capital taxation in 2026 budget
The proposed tax measures include business tax credits and simplified forestry and shipping rules, temporary VAT cuts and fraud controls, changes to excise taxes on alcohol and tobacco, permanent tax-free EV workplace charging, and reduced energy
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Finland: Government presents 2026 budget to parliament, proposes reduced corporate taxes
The 2026 budget proposal lowers corporate and CO2 fuel taxes while tightening crypto reporting, adjusting VAT, and raising taxes on vehicles, tobacco, alcohol, and soft drinks. Finland’s government has presented the 2026 budget proposal (HE
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Dominican Republic: Tax Authority updates excise taxes on alcohol and cigarettes
The updated rates will apply from 1 October to 31 December 2025. The Dominican Republic’s Tax Authority issued Resolution DDG-AR1-2025-00006 on 10 September 2025, revising the specific amounts for the selective consumption tax on alcoholic
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Mexico: Banxico to lower key interest by 25bps as growth slows
Mexico’s central bank cut key interest by 25bps amid slowing growth. Mexico’s central bank (Banxico) is expected to cut its key interest rate by 25 basis points to 7.50% at its September 25 meeting. This would be the eleventh rate
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