Turkey to cut digital services tax rate in phases
Turkey has reduced its digital services tax (DST) with the publication of Presidential Decree No. 10767 in the Official Gazette (No. 33118) on 25 December 2025. The decree lowers the DST rate from 7.5% to 5% starting 1 January 2026 and further to
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Taiwan: Profit-Seeking enterprises must submit tax return attachments by deadline
Taiwan's Ministry of Finance (MOF) has reminded profit-seeking enterprises with a special fiscal year to submit all required attachments when filing profit-seeking enterprise income tax returns, except for those exempt under relevant
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Taiwan: MoF extends electric vehicle tax exemption until 2030
Taiwan’s Ministry of Finance (MoF) states that in order to enhance the willingness of consumers to purchase completely electric-operated automobiles or motorcycles , the Legislative Yuan passed on its third reading the draft of the amendment to
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Taiwan: Taipei Tax Bureau clarifies certain share, capital contribution transactions to be taxed as real estate deals
Taiwan’s The Taipei National Taxation Bureau of the Ministry of Finance stated that, in order to prevent individuals and profit-making enterprises from effectively transferring the real estate and land within China of the invested profit-making
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Hong Kong: IRD adjusts interest on tax reserve certificates
The Hong Kong Inland Revenue Department (IRD) announced, on 24 December 2025, that starting from 5 January 2026, the new annual rate of interest payable on Tax Reserve Certificates will be 0.2417% against the current rate of 0.2583%, i.e. the new
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OECD updates GIR MCAA signatories list
The Organisation for Economic Cooperation and Development (OECD) published an updated list of signatories, including their signing dates, to the Multilateral Competent Authority Agreement on the Exchange of Global Anti-Base Erosion (GloBE)
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Italy announces statutory interest rate for 2026
Italy has published the Decree of 10 December 2025 in the Official Gazette, which sets a 1.6% statutory (legal) interest rate (down from 2.0%) with effect from 1 January 2026. The statutory interest rate applies to the taxation of interest income
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Taiwan: Tax Authority updates rules for real estate sales by for-profit enterprises
Taiwan’s Central Area National Taxation Bureau of the Ministry of Finance has reminded for-profit enterprises that, from 1 July 2021, sales of real estate purchased after 1 January 2016 are subject to the Integrated Housing and Land Tax
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Russia: Central bank cuts key rate by 50 bps as Inflation pressures ease
The Board of Directors of the Bank of Russia on 19 December 2025 decided to cut the key rate by 50 basis points to 16.00% per annum, citing easing underlying price pressures and the economy’s gradual return to a balanced growth path. Bank of
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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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