Netherlands: MoF consults proposed amendments to mutual fund regulation
The Dutch Ministry of Finance initiated a public consultation on 15 December 2025 regarding draft legislation addressing practical issues arising from the 1 January 2025 changes to the mutual fund regime for the funds for mutual account (fonds voor
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Australia: ATO announces GIC, SIC rates for Q3 2025-26
The Australian Taxation Office (ATO) announced the general interest charge (GIC) rates and shortfall interest charge (SIC) rates for the third quarter of the 2025-26 income year on 9 December 2025. For the quarter commencing on 1 January 2026,
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Taiwan: Tax Bureau orders business operators to include tax in pricing, warns against extra charges
Taiwan’s Northern District National Taxation Bureau of the Ministry of Finance stated that when business operators sell goods or services, the pricing of taxable items must include business tax. In addition, uniform invoices must be issued in
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Russia: Government approves list of budget expenditures using digital ruble
Russia’s government has approved a list of budget expenditures eligible for execution with the use of the digital ruble beginning in 2025. This announcement was made on 18 December 2025. The list was developed under Federal Law No. 303-FZ of
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Australia to implement crypto-asset reporting framework (CARF) from 2027
The Australian government announced in its Mid-Year Economic and Fiscal Outlook (MYEFO) 2025-2026 that it will implement the OECD Crypto Asset Reporting Framework (CARF) for the automatic exchange of tax relevant information on crypto assets,
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Taiwan: MoF clarifies offshore e-services tax registration threshold
Taiwan’s Ministry of Finance (MoF) released guidance explaining how the higher registration threshold, introduced in April 2025, applies to offshore electronic service providers on 16 December 2025. On 7 April 2025, the Ministry of Finance
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OECD issues updated FAQs to support CRS, CARF implementation
The OECD has issued new frequently asked questions (FAQs) on 18 December 2025 to enhance tax transparency and support the effective application of the Common Reporting Standard (CRS) and the Crypto-Asset Reporting Framework (CARF). The updated
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South Africa consults REIT qualification of unlisted companies
South Africa’s National Treasury and the Revenue Service (SARS), on 11 December 2025, published a draft notice outlining requirements for unlisted companies to qualify as real estate investment trusts (REITs). The rules follow the 2024 Taxation
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OECD recommends 26 nations to enhance tax ruling transparency
The OECD has issued a report calling on 26 countries to improve how they provide tax rulings, which help authorities assess risks and tackle base erosion and profit shifting. In total, the organisation made 46 recommendations to improve these
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France: DGFiP extends POS software certification deadline
France's Ministry of Finance (DGFiP) has extended the deadline for mandatory certification of point of sale (POS) and cash register software to 1 September 2026. The extension allows certification bodies more time to process applications and
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France updates list of companies subject to financial transaction tax
French tax authorities have updated the list of companies subject to the financial transaction tax (FTT) under Article 235 ter ZD of the General Tax Code on 17 December 2025. The update applies to French companies whose securities are traded on
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Greece: Parliament passes 2026 budget, includes PIT reliefs
The Greek Parliament passed the 2026 budget on 16 December 2025. It now awaits to be published in the Official Gazette and will take effect from 1 January 2026. The budget introduces a broad package of tax reforms aimed at easing household costs
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Brazil: Chamber of Deputies passes taxpayer defence code, targets habitual tax defaulters
Brazil’s Chamber of Deputies has approved Complementary Bill 125/2022, which creates the Taxpayer Defence Code. This framework sets out the general rights, guarantees, and responsibilities of taxpayers, as well as the procedures governing their
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UK to regulate Crypto Assets from 2027
Britain will start regulating crypto assets from October 2027, the finance ministry announced on Monday, 15 December 2025. Legislation was set to be introduced in parliament later the same day, extending existing financial rules to crypto
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European Commission publishes report on tax gaps
The European Commission published its Mind the Gap Report on 11 December 2025, which offers a detailed evaluation of tax gaps across the EU and its 27 Member States. Tax gaps can emerge due to taxpayer non-compliance, such as tax evasion and
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Egypt: ETA issues new rules to offset tax credits against liabilities
The Egyptian Tax Authority (ETA) issued Instruction No. 46 of 2025, on Tuesday, 2 December 2025, establishing a formal procedure for registered taxpayers to offset credit balances, including VAT credits, against their outstanding tax
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UK: HMRC updates capital gains manual following budget 2025 changes
The UK tax authority, HM Revenue & Customs (HMRC), on 12 December 2025, released updates to its Capital Gains Manual, providing guidance on measures announced at Budget 2025, effective from 26 November 2025. The updates clarify HMRC’s
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Australia: ATO consults revised mining, petroleum tax guidelines
The Australian Taxation Office (ATO) has opened a public consultation regarding the revised guidance on mining and petroleum exploration expenditures and farm-out arrangements on 10 December 2025. ATO has released updates to three guidance
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