France: Constitutional court to review digital services tax constitutionality
France’s Constitutional Court will assess whether the 3% digital services tax breaches constitutional principles, following a referral from the Supreme Administrative Court. The French Supreme Administrative Court referred a question to the
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Saudi Arabia extends deadline for retroactive zakat applications
Saudi Arabia has extended the deadline for zakat payers to apply the Executive Regulations to prior fiscal years, giving more time for compliance. Saudi Arabia has extended the deadline for zakat payers to apply the Executive Regulations for the
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Bangladesh: Interim government passes national budget for FY26
With the country still under interim rule and no sitting parliament, the FY26 budget will be implemented via a presidential ordinance. The interim government of Bangladesh on Sunday, 22 June, passed a BDT 7.9 lakh crore national budget for the
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OECD publishes report on tax administration digitalisation initiatives
The report highlights data from the Inventory of Tax Technology Initiatives (ITTI) for 54 OECD FTA members. The OECD has released a report, Tax Administration Digitalisation and Digital Transformation Initiatives, on 17 June 2025, summarising
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Bangladesh updates renewable energy policy, offers 10-year corporate tax exemption
Bangladesh updates its Renewable Energy Policy, introducing tax incentives and new measures to boost green power generation by 2030. The government of Bangladesh released its updated Renewable Energy Policy 2025 on 16 June 2025, setting a target
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US: Auto prices set to rise as tariffs impact sales and EV market
US car buyers face USD 1,760 higher prices due to tariffs. US car buyers are expected to face an average price increase of USD 1,760 per vehicle due to USD 30 billion in tariffs introduced under President Donald Trump. Automakers are passing
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Latvia consults draft law on mandatory e-invoicing
The draft is aligned with EU digital reporting standards and establishes technical requirements, submission procedures, and a phased implementation schedule. The Latvian Cabinet has launched a public consultation on a draft regulation outlining
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US: Senate Republicans unveil new tax and spending bill, aligns with House legislation
US Senate Republicans proposed changes to Trump's tax and spending bill, making some business tax breaks permanent while limiting state and local tax deductions. US Senate Republicans have introduced their version of President Donald Trump's
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US: IRS enhances pre-filing agreement programme for large and multinational businesses
The IRS has improved its Pre-Filing Agreement programme to offer large businesses and international taxpayers greater tax certainty, emphasising cooperative strategies to prevent disputes early. The US Internal Revenue Service (IRS) issued
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OECD releases guide to help jurisdictions develop tax crime investigation manuals
The guide covers key development steps and provides country-specific examples of effective investigation methods. The OECD published a guide titled Designing a Tax Crime Investigation Manual: Key Elements and Considerations on 16 June
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OECD releases report on digitalisation of tax administration
The OECD report details tax administration's digitalisation and transformation efforts. The Organisation for Economic Cooperation and Development (OECD) has released a report, Tax Administration Digitalisation and Digital Transformation
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US: Senate Republicans propose ending EV tax credits
Senate Republicans push to eliminate key EV tax credits, proposing immediate reductions for leased imports and a complete phase-out within 180 days. US Senate Republicans introduced a tax and budget bill that would eliminate several electric
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US: Senate Finance Committee Chairman releases finance committee reconciliation text
Senate Finance Chair Mike Crapo released draft legislation to make 2017 tax cuts permanent and cut green new deal spending in the GOP budget bill. US Senate Finance Committee Chairman Mike Crapo (R-Idaho) released legislative text within the
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South Africa: SARS issues updated guide and quick reference for advance tax rulings
SARS issues updated advance tax ruling guide and quick reference on application steps. The South African Revenue Service (SARS) has released the second edition of its guide to advance tax rulings on 11 June 2025. This guide offers guidance on
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Switzerland: Council of States ratifies crypto-asset and CRS agreements
Switzerland’s Council of States approved agreements to expand automatic tax information exchange to cover crypto-assets and updated reporting standards. The Swiss Council of States approved Switzerland’s ratification of the Multilateral
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Venezuela grants tax exemption on central bank securities
Venezuela exempts income tax on Central Bank securities for one year from 8 May 2025. Venezuela has enacted Decree No. 5,127, published in the Official Gazette Extraordinary No. 6,905 on 8 May 2025. The decree grants a one-year income tax
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Czech Republic considers amendments to Income Tax Act, plans R&D tax incentive boost
The amendments propose abolishing withholding tax, removing the CZK 40 million capital gains cap, and increasing R&D allowances. The Czech Republic’s Chamber of Deputies is reviewing a draft legislation on the"Act on Single Monthly Employer
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OECD publishes framework to assess revenue potential of country-specific tax reforms
The OECD released a new working paper outlining the Domestic Resource Mobilisation (DRM) Framework, highlighting tax policy measures and estimating their potential to increase tax revenues in low- and middle-income countries. The OECD published a
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